Merchants Bancorp (MBIN)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-30
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017
Total Assets19,448,943,000$19,354,647,000$19,141,204,000$18,797,800,000$18,805,732,000$18,652,976,000$18,212,422,000$17,822,576,000$16,952,516,000$16,495,236,000$15,874,872,000$14,240,966,000$12,615,227,000$11,978,722,000$11,086,055,000$9,650,592,000$11,278,638,000$10,952,033,000$9,881,532,000$9,705,260,000$9,645,375,000$9,530,475,000$9,439,400,000$7,908,398,000$6,371,928,000$6,337,186,000$5,287,390,000$3,976,725,000$3,884,163,000$3,806,949,000$3,786,682,000$3,675,849,000$3,393,133,000$3,237,485,000$3,091,500,000$2,800,681,000$2,718,512,000$3,075,098,000$
Total Current Assets
Cash and Cash Equivalents377,310,000$369,586,000$226,164,000$323,961,000$258,146,000$411,521,000$1,032,614,000$802,576,000$402,049,000$269,439,000$179,728,000$429,202,000$403,187,000$568,082,000$506,709,000$364,976,000$460,889,000$313,451,000$336,524,000$410,756,000$352,403,000$287,733,000$359,519,000$566,810,000$416,554,000$443,560,000$445,701,000$456,035,000$
Receivables
Other Current Assets
Assets Held for Sale in Short Term
Total Noncurrent Assets19,448,943,000$19,354,647,000$19,141,204,000$18,797,800,000$18,805,732,000$18,652,976,000$18,212,422,000$17,822,576,000$16,952,516,000$16,495,236,000$15,874,872,000$14,240,966,000$12,615,227,000$11,978,722,000$11,086,055,000$9,650,592,000$11,278,638,000$10,952,033,000$9,881,532,000$9,705,260,000$9,645,375,000$9,530,475,000$9,439,400,000$7,908,398,000$6,371,928,000$6,337,186,000$5,287,390,000$3,976,725,000$3,884,163,000$3,806,949,000$3,786,682,000$3,675,849,000$3,393,133,000$3,237,485,000$3,091,500,000$2,800,681,000$2,718,512,000$3,075,098,000$
Goodwill8,014,000$8,014,000$8,014,000$8,014,000$8,014,000$8,014,000$8,014,000$8,014,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,845,000$15,574,000$15,574,000$17,144,000$17,477,000$5,302,000$5,369,000$5,139,000$3,902,000$6,037,000$523,000$
Other Intangible Assets36,000$59,000$149,000$742,000$831,000$949,000$1,068,000$1,186,000$1,307,000$1,441,000$1,574,000$1,707,000$1,843,000$1,990,000$2,136,000$2,283,000$2,657,000$3,038,000$3,419,000$3,799,000$4,182,000$4,567,000$3,381,000$3,542,000$1,763,000$1,839,000$1,915,000$1,512,000$
Physical Assets73,929,000$75,148,000$71,050,000$67,787,000$58,617,000$53,161,000$46,833,000$42,450,000$42,342,000$36,730,000$36,947,000$35,793,000$35,438,000$35,492,000$35,085,000$34,559,000$31,212,000$31,423,000$31,384,000$31,261,000$29,761,000$29,261,000$29,362,000$29,415,000$29,274,000$29,211,000$26,580,000$21,078,000$15,136,000$10,846,000$8,584,000$6,705,000$5,354,000$5,138,000$4,851,000$
Other Noncurrent Assets
Assets Held for Sale in Long Term
Total Liabilities17,168,184,000$17,129,213,000$16,956,572,000$16,637,065,000$16,562,422,000$16,713,869,000$16,324,275,000$16,046,108,000$15,251,432,000$14,862,521,000$14,314,572,000$12,735,282,000$11,155,488,000$10,566,132,000$9,857,516,000$8,462,089,000$10,123,229,000$9,842,155,000$8,822,468,000$8,694,005,000$8,834,754,000$8,773,340,000$8,731,202,000$7,235,429,000$5,718,200,000$5,707,747,000$4,772,377,000$3,498,894,000$3,462,926,000$3,399,603,000$3,393,763,000$3,296,136,000$3,025,659,000$2,994,200,000$2,512,224,000$
Total Current Liabilities
Accounts Payable
Short Term Debt
Short Term Capital Lease Obligations
Other Current Liabilities
Total Noncurrent Liabilities17,168,184,000$17,129,213,000$16,956,572,000$16,637,065,000$16,562,422,000$16,713,869,000$16,324,275,000$16,046,108,000$15,251,432,000$14,862,521,000$14,314,572,000$12,735,282,000$11,155,488,000$10,566,132,000$9,857,516,000$8,462,089,000$10,123,229,000$9,842,155,000$8,822,468,000$8,694,005,000$8,834,754,000$8,773,340,000$8,731,202,000$7,235,429,000$5,718,200,000$5,707,747,000$4,772,377,000$3,498,894,000$3,462,926,000$3,399,603,000$3,393,763,000$3,296,136,000$3,025,659,000$2,994,200,000$2,512,224,000$
Long Term Debt97,279,000$1,440,904,000$1,033,954,000$809,136,000$701,373,000$545,160,000$1,348,256,000$1,618,201,000$1,761,113,000$444,567,000$181,439,000$159,673,000$62,225,000$338,031,000$195,453,000$67,279,000$189,515,000$199,378,000$56,612,000$56,624,000$57,006,000$
Long Term Capital Lease Obligations
Other Noncurrent Liabilities
Total Equity2,280,759,000$2,225,434,000$2,184,632,000$2,160,735,000$2,243,310,000$1,939,107,000$1,888,147,000$1,776,468,000$1,701,084,000$1,632,715,000$1,560,300,000$1,505,684,000$1,459,739,000$1,412,590,000$1,228,539,000$1,188,503,000$1,155,409,000$1,109,878,000$1,059,064,000$1,011,255,000$810,621,000$757,135,000$708,198,000$672,969,000$653,728,000$629,439,000$515,013,000$477,831,000$421,237,000$407,346,000$392,919,000$379,713,000$367,474,000$243,285,000$206,288,000$
Equity to Minority
Equity to Common Shareholders2,280,759,000$2,225,434,000$2,184,632,000$2,160,735,000$2,243,310,000$1,939,107,000$1,888,147,000$1,776,468,000$1,701,084,000$1,632,715,000$1,560,300,000$1,505,684,000$1,459,739,000$1,412,590,000$1,228,539,000$1,188,503,000$1,155,409,000$1,109,878,000$1,059,064,000$1,011,255,000$810,621,000$757,135,000$708,198,000$672,969,000$653,728,000$629,439,000$515,013,000$477,831,000$421,237,000$407,346,000$392,919,000$379,713,000$367,474,000$243,285,000$206,288,000$
Additional Paid-In Capital
Retained Earnings1,486,191,000$1,431,983,000$1,392,136,000$1,369,009,000$1,330,995,000$1,250,176,000$1,200,778,000$1,138,083,000$1,063,599,000$998,252,000$928,875,000$875,700,000$832,871,000$787,530,000$737,789,000$694,776,000$657,149,000$610,267,000$560,083,000$516,961,000$461,744,000$407,979,000$358,895,000$323,651,000$304,984,000$280,551,000$265,323,000$252,637,000$244,909,000$232,041,000$217,856,000$204,758,000$192,008,000$173,945,000$145,274,000$
Treasury Stock
Capital Lease Obligations7,264,000$7,797,000$8,325,000$8,825,000$9,303,000$9,303,000$9,098,000$9,386,000$11,251,000$11,790,000$12,326,000$11,644,000$11,992,000$12,292,000$9,920,000$7,443,000$