Merchants Bancorp Financial Summary

Quick Answer

Merchants Bancorp reported Net Income of $218.77 million for fiscal year 2025.

Merchants Bancorp — Key Financials by Year

Metric 2025 2024 2023 2022 2021 2020
Net Income $218.77M
-31.7%
$320.39M
+14.7%
$279.23M
+27.1%
$219.72M
-3.3%
$227.10M
+25.8%
$180.53M
+133.5%
Diluted EPS $3.78
-40.0%
$6.30
+11.7%
$5.64
+26.2%
$4.47
-6.1%
$4.76
+23.6%
$3.85
+143.7%
Total Assets $19.45B
+3.4%
$18.81B
+10.9%
$16.95B
+34.4%
$12.62B
+11.9%
$11.28B
+16.9%
$9.65B
+51.4%
Cash and Equivalents $226.16M
-78.1%
$1.03B
+474.5%
$179.73M
-64.5%
Long-Term Debt
Stockholders Equity $2.28B
+1.7%
$2.24B
+31.9%
$1.70B
+16.5%
$1.46B
+26.3%
$1.16B
+42.5%
$810.62M
+24.0%
Shares Outstanding 45.89M
+0.3%
45.77M
+5.8%
43.24M
+0.3%
43.11M
-0.2%
43.18M
+0.1%
43.12M
+50.2%

Most Recent Quarter

Metric Quarter Ending Value YoY QoQ
Net Income September 30, 2025 $54.70M -10.7% +44.0%
Diluted EPS September 30, 2025 $0.97 -17.1% +61.7%
Total Assets September 30, 2025 $19.35B +3.8% +1.1%
Cash and Equivalents June 30, 2023 $377.31M +46.2% +2.1%
Long-Term Debt September 30, 2022 $97.28M -88.0% -93.2%
Stockholders Equity September 30, 2025 $2.23B +14.8% +1.9%
Shares Outstanding September 30, 2025 45.89M +0.3% +0.0%
  • Merchants Bancorp reported Net Income of $218.77 million for fiscal year 2025.
  • Merchants Bancorp showed a decrease of -31.7% in Net Income compared to the prior fiscal year.
  • Merchants Bancorp reported Diluted EPS of $3.78 per share for fiscal year 2025.
  • Merchants Bancorp showed a decrease of -40.0% in Diluted EPS compared to the prior fiscal year.
  • Merchants Bancorp reported Total Assets of $19.45 billion for fiscal year 2025.
  • Merchants Bancorp showed an increase of +3.4% in Total Assets compared to the prior fiscal year.
  • Merchants Bancorp reported Cash and Equivalents of $226.16 million for fiscal year 2022.
  • Merchants Bancorp showed a decrease of -78.1% in Cash and Equivalents compared to the prior fiscal year.
  • Merchants Bancorp reported Long-Term Debt of $181.44 million for fiscal year 2019.
  • Merchants Bancorp showed a decrease of -7.2% in Long-Term Debt compared to the prior fiscal year.
  • Merchants Bancorp reported Stockholders Equity of $2.28 billion for fiscal year 2025.
  • Merchants Bancorp showed an increase of +1.7% in Stockholders Equity compared to the prior fiscal year.
  • Merchants Bancorp reported Shares Outstanding of 45.89 million shares for fiscal year 2025.
  • Merchants Bancorp showed an increase of +0.3% in Shares Outstanding compared to the prior fiscal year.
  • All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.

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