MBIN · XBRL financial data

Merchants Bancorp financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (MBIN's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Interest expense	179	187	187	—	—	—	—	—	—	—	—	—
Income tax expense (benefit)	25	22	27	23	20	32*	18	11	10	6*	17	21
Net income (loss)	82	77	87	76	61	96*	58	38	55	68*	68	78
Earnings per share, basic USD per share	1.68	1.59	1.81	1.50	1.17	2.09*	0.93	0.60	0.97	—	1.25	1.48
Earnings per share, diluted USD per share	1.68	1.58	1.80	1.49	1.17	2.08*	0.93	0.60	0.97	—	1.25	1.48
Weighted average shares, basic millions of shares	43	43*	43	45	46	46*	46	46	46	46*	46	46
Weighted average shares, diluted millions of shares	43	43*	43	45	46	46*	46	46	46	46*	46	46

Fiscal quarters (MBIN's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	407	584	509	541	602	477	521	647	598	212	83	315
Property and equipment, net	37	42	42	47	53	59	68	71	75	74	74	75
Right-of-use asset	11	10	8	8	8	8	8	7	7	6	13	14
Goodwill	16	16	8	8	8	8	8	8	8	8	8	8
Total assets	16,495	16,953	17,823	18,212	18,653	18,806	18,798	19,141	19,355	19,449	20,322	21,230
Total deposits	13,007	14,061	13,976	14,917	12,892	11,920	12,406	12,687	13,935	13,041	12,952	14,254
Total liabilities	14,863	15,251	16,046	16,324	16,714	16,562	16,637	16,957	17,129	17,168	17,991	18,836
Retained earnings	998	1,064	1,138	1,201	1,250	1,331	1,369	1,392	1,432	1,486	1,536	1,599
Total stockholders' equity	1,633	1,701	1,776	1,888	1,939	2,243	2,161	2,185	2,225	2,281	2,330	2,394
Total liabilities and equity	16,495	16,953	17,823	18,212	18,653	18,806	18,798	19,141	19,355	19,449	20,322	21,230
Common shares outstanding (cover page) millions of shares	43	43	43	46	46	46	46	46	46	46	46	46

Fiscal quarters (MBIN's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	82	77	87	76	61	96*	58	38	55	68*	68	78
Net cash from operating activities	(528)*	714*	(384)	51*	(493)*	(10)*	148	(121)*	30*	(398)*	(597)	213*
Purchases of property and equipment	1*	4*	2	5*	5*	6*	7	4*	6*	4*	1	2*
Net cash from investing activities	(15)*	(889)*	(695)	(317)*	181*	(44)*	(1)	(26)*	(181)*	13*	(335)	(769)*
Proceeds from issuing common stock	—	—	—	—	—	year only	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	3	0*
Dividends paid	12*	12*	13	12*	12*	15*	15	15*	15*	15*	15	15*
Net cash from financing activities	572*	352*	1,003	298*	372*	(72)*	(102)	273*	102*	(1)*	804	787*
Net change in cash	30*	177*	(76)	32*	61*	(125)*	45	126*	(49)*	(386)*	(129)	231*

SIC 6022 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6022 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Merchants Bancorp	315	not reported	213*	45.9M	Q2 FY26 10-QJun 30, 2026
Oceanfirst Financial	274	not reported	36*	96.6M	Q2 FY26 10-QJun 30, 2026
Peoples Bancorp	301	23	49*	36.0M	Q3 FY26 10-QSep 30, 2026
Community Trust Bancorp	514	not reported	44*	18.2M	Q2 FY26 10-QJun 30, 2026
Live Oak Bancshares	1,100	not reported	127*	46.4M	Q3 FY26 10-QSep 30, 2026
Origin Bancorp	547	not reported	40*	30.8M	Q2 FY26 10-QJun 30, 2026
Dime Commercial Bancshares	2,185	6.9	108*	43.7M	Q3 FY26 10-QSep 30, 2026
First Mid Bancshares	not reported	not reported	26*	26.6M	Q2 FY26 10-QJun 30, 2026
ConnectOne Bancorp	313	not reported	85*	50.3M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.