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Merchants Bancorp
Merchants Bancorp Score & Ratio Trend
| Date | Score | P/E | P/B | D/E | Price |
|---|---|---|---|---|---|
| Oct 2026 | 19,685 | 9.8 | 0.94 | 2.56 | 4,725.10 |
| Oct 2026 | 20,522 | 9.8 | 0.94 | 1.69 | 4,692.24 |
| Oct 2026 | 21,382 | 9.8 | 0.94 | 1.69 | 4,649.79 |
| Oct 2026 | 21,419 | 9.7 | 0.93 | 1.69 | 4,600.21 |
| Oct 2026 | 21,370 | 9.9 | 0.94 | 1.69 | 4,648.34 |
| Oct 2026 | 21,388 | 9.8 | 0.94 | 1.69 | 4,619.25 |
| Oct 2026 | 21,501 | 9.6 | 0.91 | 1.69 | 4,514.21 |
| Oct 2026 | 21,422 | 9.7 | 0.93 | 1.69 | 4,591.01 |
| Oct 2026 | 21,486 | 9.6 | 0.92 | 1.69 | 4,517.24 |
| Oct 2026 | 21,360 | 9.8 | 0.94 | 1.69 | 4,630.34 |
Merchants Bancorp Quarterly Results
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 181,039,000.0 | 174,062,000.0 | 184,283,000.0 | 169,809,000.0 |
| Net Profit | 78,303,000.0 | 67,732,000.0 | 67,849,000.0 | 54,701,000.0 |
| EPS | 1.5 | 1.2 | 1.3 | 1.0 |
Merchants Bancorp Revenue & Profit: Last 5 Years
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Revenue | 677,240,000.0 | 666,965,000.0 | 559,330,000.0 | 439,784,000.0 | — |
| Net Profit | 218,770,000.0 | 320,386,000.0 | 279,234,000.0 | 219,721,000.0 | — |
| EPS | 3.8 | 6.3 | 5.7 | 4.5 | — |
Merchants Bancorp Balance Sheet
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Total Assets | 19,448,943,000.0 | 18,805,732,000.0 | 16,952,516,000.0 | 12,615,227,000.0 | — |
| Total Liabilities | 17,168,184,000.0 | 16,562,422,000.0 | 15,251,432,000.0 | 11,155,488,000.0 | — |
| Total Equity | 2,280,759,000.0 | 2,243,310,000.0 | 1,701,084,000.0 | 1,459,739,000.0 | — |
Owes vs Owns
Merchants Bancorp owed $0.89 for every $1 it owned in Jun 2026, about the same as $0.88 in Dec 2022.
| Period | Jun 2026 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
| Owes vs Owns | 0.89× | 0.88× | 0.88× | 0.90× | 0.88× |
Everything the company owes ÷ everything it owns. Below 1× it owns more than it owes; above 1× it owes more than it owns.
Merchants Bancorp Assets & Liabilities Breakdown (USD millions)
What it owns — Dec 2025
Cash & short-term investments 4.5%Intangible assets 1.2%Long-term investments 15.6%Other assets 78.0%
How it's funded — Dec 2025
Long-term debt 19.8%Other liabilities 68.5%Shareholders' equity 11.7%
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | 872.4 | 1,456.7 | 1,698.1 | 549.5 |
| Receivables | 81.8 | 83.4 | 91.3 | 56.3 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 |
| Fixed assets (tangible) | 73.9 | 58.6 | 42.3 | 35.4 |
| Intangible assets | 225.5 | 198.0 | 175.0 | 163.3 |
| Long-term investments | 3,028.8 | 3,072.9 | 2,428.5 | 1,596.6 |
| Other assets | 15,166.5 | 13,936.1 | 12,517.2 | 10,214.1 |
| Liabilities & equity | ||||
| Short-term debt | 0.0 | 0.0 | 0.0 | 30.0 |
| Long-term debt | 3,842.6 | 4,336.1 | 964.1 | 910.4 |
| Payables | 0.0 | 0.0 | 0.0 | 0.0 |
| Other liabilities | 13,325.6 | 12,226.3 | 14,287.3 | 10,215.1 |
| Shareholders' equity | 2,280.8 | 2,243.3 | 1,701.1 | 1,459.7 |
| Net tangible assets | 2,055.2 | 2,045.3 | 1,526.0 | 1,296.5 |
Merchants Bancorp Cash Flow
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Operating Activities | -341,248,000.0 | -835,278,000.0 | -356,402,000.0 | 975,774,000.0 | — |
| Investing Activities | -195,671,000.0 | -874,275,000.0 | -3,260,081,000.0 | -2,862,851,000.0 | — |
| Financing Activities | 272,511,000.0 | 1,601,741,000.0 | 3,974,741,000.0 | 1,080,627,000.0 | — |