How many employees does Merchants Bancorp have?

Merchants Bancorp reported 735 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 27, 2026. That is up 10.9% from a year earlier.

What is Merchants Bancorp's revenue per employee?

Merchants Bancorp brought in $1.37B of revenue in fiscal Dec 2025, which is $1.86M per employee. That ranks 3 of 182 companies we track in Banks - Regional, where the median is $558K.

Where do these numbers come from?

Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

Company data

Merchants Bancorp employees and revenue per employee

MBIN · Banks - Regional · $2.25B market cap

Merchants Bancorp had 735 employees at the end of fiscal Dec 2025, up 10.9% from a year earlier. Revenue for the year was $1.37B, down 5.7% from a year earlier, or $1.86M per employee. Revenue fell while headcount grew.

Employees

735

+10.9% YoY

Revenue

$1.37B

-5.7% YoY

Revenue / employee

$1.86M

Peer median $558K

Rank in industry

3 of 182

Banks - Regional

Headcount against revenue

Both lines start at 100 in the first year we hold, so you can see which one grew faster.

EmployeesRevenueIndexed to 100 in Dec 2017

Hover a year for the numbers.

MBIN employees and revenue by fiscal year
Year ending	Employees	Revenue	Per employee	Staff YoY	Revenue YoY
Dec 2025	735	$1.37B	$1.86M	+10.9%	-5.7%
Dec 2024	663	$1.45B	$2.18M	+7.3%	+21.7%
Dec 2023	618	$1.19B	$1.92M	+11.2%	+97.5%
Dec 2022	556	$602M	$1.08M	+15.6%	+30.4%
Dec 2021	481	$462M	$960K	+19.1%	+15.1%
Dec 2020	404	$401M	$993K	+22.8%	+57.6%
Dec 2019	329	$255M	$774K	+27.0%	+37.2%
Dec 2018	259	$186M	$716K	+33.5%	+34.5%
Dec 2017	194	$138M	$711K	—	—

Open roles: we have not matched a verified job board for this company yet.

Employees, last six fiscal years

Revenue per employee, last six fiscal years

Merchants Bancorp against similar companies

The closest industry peers by revenue, from Banks - Regional.

Company	Employees	Revenue	Revenue / employee	Shape
MBIN Merchants Bancorp	735	$1.37B	$1.86M	Hiring into decline
CUBI Customers Bancorp, Inc.	863	$1.41B	$1.64M	Hiring ahead
HAPN Happen, Inc. Common Stock	1,075	$1.33B	$1.24M	Efficient growth
CATY Cathay General Bancorp	1,268	$1.38B	$1.09M	Hiring into decline
PFS Provident Financial Services, Inc.	1,817	$1.38B	$761K	Efficient growth
WAFD WaFd, Inc.	2,037	$1.41B	$692K	Contracting
WSFS WSFS Financial Corporation	2,335	$1.36B	$582K	Hiring into decline
HOMB Home Bancshares, Inc.	2,543	$1.37B	$540K	Contracting
GBCI Glacier Bancorp, Inc.	3,927	$1.43B	$363K	Hiring ahead

Every Financial Services company

Questions about Merchants Bancorp

How many employees does Merchants Bancorp have?: Merchants Bancorp reported 735 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 27, 2026. That is up 10.9% from a year earlier.
What is Merchants Bancorp's revenue per employee?: Merchants Bancorp brought in $1.37B of revenue in fiscal Dec 2025, which is $1.86M per employee. That ranks 3 of 182 companies we track in Banks - Regional, where the median is $558K.
Where do these numbers come from?: Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

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More data

Compare MBIN with the rest of the market

See who earns the most per employee, who is hiring, and who is cutting, across every company we track.

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Source: employee counts and revenue as stated in Merchants Bancorp's annual reports (Form 10-K), latest filed February 27, 2026. This is data, not a recommendation to buy or sell MBIN.