Merchants Bancorp number of employees

Merchants Bancorp reported 735 employees at December 31, 2025 in its latest annual report. Revenue per employee was $927,139.

Headcount by year

Fiscal year end	Employees	Change	Revenue per employee	Source
December 31, 2025	735	—	$927,139	10-K, filed February 27, 2026

What the annual reports say

Human Capital As of December 31, 2025, we had approximately 735 employees located in multiple states, including 424 employees in central Indiana. 2025 annual report

Headcount as the company states it in Item 1 of its annual report (some count full-time equivalents or exclude part-time and temporary staff), at the date it gives. Years where the report states no clear total are left out rather than estimated. Changes can reflect acquisitions and disposals as well as hiring and job cuts.

Compare with peers

Head to head: BANF vs MBIN FRME vs MBIN FBK vs MBIN

More: Regional Banks stocks compared, Financials sector, rankings of US companies

Figures from Merchants Bancorp's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Merchants Bancorp.