Merchants Bancorp (MBIN)

From the record

Merchants Bancorp's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Merchants Bancorp's 10 filed years say what it did: revenue went from $73 million in fiscal 2016 to $1.2 billion in fiscal 2025, up 36.5% a year; it rose in 8 of 9 years; the deepest fall was 8% from fiscal 2024 to fiscal 2025; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Merchants Bancorp's diluted share count grew about 2.0% a year, and dividends and buybacks returned about 19% of its net income over 3 years (its filed statements). Its officers and directors filed 33 sales and 0 purchases of their own stock on the open market in the year to 2026-11-10 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Merchants Bancorp earned about 10 cents of profit for every dollar of shareholders' money. Leverage: it owed about 88 cents per dollar of assets, and net share issuance: its share count grew 2.1% over the year (the filed statements).

From the record

Merchants Bancorp's standing among 155 graded names in its industry family: revenue of $1.2 billion in fiscal 2025 ranks in the top 19% by size; a net margin of 18.2% ranks in the bottom 35%; revenue growth of 35.7% a year over the last 3 filed years ranks in the top 6% (its annual reports).

From the record

Merchants Bancorp's leadership, from its insiders' filings and its current reports: the chief executive on the record is Petrie, Michael F. (Chairman and CEO, as filed), filing under that title since 2017-10-26, 9 years (top 35% of its family); the 21 officers and directors filing in the last fifteen months have been on the record a median of 8.2 years (top 40%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 21 people in charge now (top 20%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Merchants Bancorp's room to grow, from the newest filed statements (fiscal 2025): cash of $212 million against debt of $3.8 billion leaves -18.7% of its assets as net cash, bottom 1% of its family; cash from operations less capital spending is -30.2% of revenue (bottom 2%) (its annual report).

From the record

Merchants Bancorp's growth drivers, from the filed years to fiscal 2025: revenue grew 35.7% a year over the last three filed years against 36.5% over all 10, slowing (bottom 21% of its family); the newest year grew -7.8% (bottom 3%); capital spending grew 45.8% a year (top 19%) (its annual reports). Merchants Bancorp tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Merchants Bancorp's newest year against its own record: revenue of $1.2 billion in fiscal 2025 came in 44% below the $2.1 billion its prior three years' pace pointed to (bottom 3% of its family); net income of $219 million against a prior three-year average of $273 million (bottom 12%); a net margin of 18.2% against 32.1% before (bottom 7%) (its annual reports).