Quick Answer
Merchants Bancorp reported Net Income of $218.77 million for fiscal year 2025.
Merchants Bancorp Net Income — Annual History
| Fiscal Year | Net Income | YoY Change |
|---|---|---|
| 2025 | $218.77M | -31.7% |
| 2024 | $320.39M | +14.7% |
| 2023 | $279.23M | +27.1% |
| 2022 | $219.72M | -3.3% |
| 2021 | $227.10M | +25.8% |
| 2020 | $180.53M | +133.5% |
| 2019 | $77.33M | +23.0% |
| 2018 | $62.87M | +15.0% |
| 2017 | $54.68M | +65.1% |
| 2016 | $33.13M | +16.7% |
| 2015 | $28.38M | — |
Quarterly Net Income
| Quarter Ending | Net Income | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $54.70M | -10.7% | +44.0% |
| June 30, 2025 | $37.98M | -50.3% | -34.8% |
| March 31, 2025 | $58.24M | -33.1% | -5.0% |
| September 30, 2024 | $61.27M | -24.8% | -19.8% |
| June 30, 2024 | $76.39M | +17.0% | -12.2% |
| March 31, 2024 | $87.05M | +58.4% | +6.8% |
| September 30, 2023 | $81.50M | +39.4% | +24.8% |
| June 30, 2023 | $65.30M | +21.1% | +18.8% |
- Merchants Bancorp showed a decrease of -31.7% in Net Income compared to the prior fiscal year.
- Over the 2015–2025 period, Merchants Bancorp’s net income has grown by 670.8% (from $28.38 million to $218.77 million).
- The most recent figure is from Merchants Bancorp’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 27, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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