10-Q quarterly report · filed May 7, 2026

Merchants Bancorp (MBIN) Q1 2026 10-Q Quarterly Report

Short answer

Merchants Bancorp (MBIN) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $271M (down 5.8% year over year) with net income of $68M.

Q1 2026 key financials · XBRL

Revenue
$271M
−5.8% YoY
Net income
$68M
+16.3% YoY
EPS (diluted)
$1.25
+34.4% YoY

Source: XBRL data from the Merchants Bancorp (MBIN) Q1 2026 10-Q on SEC EDGAR. USD.

Merchants Bancorp Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Net income $67.7M, up $9.5M or 16% YoY
  • Net interest margin 2.92% vs 2.89% YoY
  • Warehouse funding $19.6B, up $7.7B or 65% YoY
  • Multi-family originations $1.2B, up $245.3M or 26% YoY
  • Cash $83.2M, down $129.0M or 61%; repurchases $3.0M for 73,164 shares

Risk Factors

  • No material changes to 2025 Form 10-K risk factors disclosed
  • No newly added risk factor or triggering event identified
  • No quarter-specific regulatory, legal, or compliance risk updates disclosed
  • No changed operational, competitive, market, liquidity, debt, currency, or concentration risks disclosed

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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