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Merchants Bancorp income statement

In fiscal 2025, Merchants Bancorp reported revenue of $681m, up 1.6% on the year before and net income of $219m, or $3.78 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue6982114140169352435444563671681714
Interest expense14192851905934162630———
Net interest income42546790122224278319448523517531
Non-interest income2729485047127157126115148164182
Non-interest expense212735516396125136175224300310
Provision for credit losses1125412517402411881
Income before tax47557784102243305291348423264323
Income tax1922222125637871691024554
Net income2833556377181227220279320219269
Diluted EPS$0.90$0.98$1.52$1.38$1.58$3.85$4.76$4.47$5.64$6.30$3.78$5.84
Diluted shares (average)32m32m34m43m43m43m43m43m43m45m46m46m

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.