Merchants Bancorp Tangible Net Worth Ratio
Merchants Bancorp tangible net worth ratio. Merchants Bancorp (MBIN) has a Tangible Net Worth Ratio of 90.4% as of September 2025. This metric is calculated by deducting intangible assets ($213.16 Million) from net assets ($2.23 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore MBIN year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Merchants Bancorp (2015–2024)
Tangible net worth ratio of Merchants Bancorp from 2015 to 2024. This chart shows how Merchants Bancorp's Tangible Net Worth Ratio has changed across 10 annual periods from 2015 to 2024. As of September 2025, the ratio stands at 90.4%, reflecting net assets of $2.23 Billion with intangible assets of $213.16 Million USD. Check MBIN strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Merchants Bancorp Tangible Net Worth Ratio by Year (2015–2024)
Merchants Bancorp tangible net worth ratio by year from 2015 to 2024. The table below presents the year-by-year Tangible Net Worth Ratio for Merchants Bancorp from 2015 to 2024, covering 10 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see Merchants Bancorp (MBIN) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 91.5% | $2.24 Billion | $189.99 Million | $18.81 Billion | ▲ +0.9 pp |
| 2023 | 90.6% | $1.70 Billion | $159.20 Million | $16.95 Billion | ▲ +0.7 pp |
| 2022 | 89.9% | $1.46 Billion | $147.43 Million | $12.62 Billion | ▼ -0.4 pp |
| 2021 | 90.3% | $1.16 Billion | $112.06 Million | $11.28 Billion | ▼ -8.7 pp |
| 2020 | 99.0% | $8.28 Billion | $84.89 Million | $9.65 Billion | ▲ +10.9 pp |
| 2019 | 88.0% | $653.73 Million | $78.19 Million | $6.37 Billion | ▲ +7.4 pp |
| 2018 | 80.7% | $421.24 Million | $81.39 Million | $3.88 Billion | ▼ -0.9 pp |
| 2017 | 81.6% | $367.47 Million | $67.59 Million | $3.40 Billion | ▲ +7.6 pp |
| 2016 | 74.0% | $206.29 Million | $53.67 Million | $2.72 Billion | ▲ +11.5 pp |
| 2015 | 62.5% | $148.20 Million | $55.55 Million | $2.27 Billion | — |