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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Merchants Bancorp (MBIN). Click either name above to swap in a different company.
Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $175.2M, roughly 1.9× Merchants Bancorp). Merchants Bancorp runs the higher net margin — 38.6% vs 38.6%, a 0.0% gap on every dollar of revenue. Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 4.8%).
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.
FRT vs MBIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $175.2M |
| Net Profit | $129.7M | $67.7M |
| Gross Margin | — | — |
| Operating Margin | 53.8% | — |
| Net Margin | 38.6% | 38.6% |
| Revenue YoY | 8.7% | — |
| Net Profit YoY | 103.5% | 16.3% |
| EPS (diluted) | $1.49 | $1.25 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $336.0M | $175.2M | ||
| Q4 25 | $336.0M | $185.3M | ||
| Q3 25 | $322.3M | $171.1M | ||
| Q2 25 | $311.5M | $179.2M | ||
| Q1 25 | $309.2M | $145.9M | ||
| Q4 24 | $311.4M | $193.8M | ||
| Q3 24 | $303.6M | $149.6M | ||
| Q2 24 | $296.1M | $159.5M |
| Q1 26 | $129.7M | $67.7M | ||
| Q4 25 | $129.7M | — | ||
| Q3 25 | $61.6M | $54.7M | ||
| Q2 25 | $155.9M | $38.0M | ||
| Q1 25 | $63.8M | $58.2M | ||
| Q4 24 | $65.5M | — | ||
| Q3 24 | $61.0M | $61.3M | ||
| Q2 24 | $112.0M | $76.4M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | 39.9% | ||
| Q3 25 | 34.3% | 37.8% | ||
| Q2 25 | 65.1% | 27.3% | ||
| Q1 25 | 35.0% | 52.4% | ||
| Q4 24 | 35.1% | 66.0% | ||
| Q3 24 | 34.9% | 54.4% | ||
| Q2 24 | 53.0% | 62.2% |
| Q1 26 | 38.6% | 38.6% | ||
| Q4 25 | 38.6% | — | ||
| Q3 25 | 19.1% | 32.0% | ||
| Q2 25 | 50.0% | 21.2% | ||
| Q1 25 | 20.6% | 39.9% | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 20.1% | 41.0% | ||
| Q2 24 | 37.8% | 47.9% |
| Q1 26 | $1.49 | $1.25 | ||
| Q4 25 | $1.49 | $1.28 | ||
| Q3 25 | $0.69 | $0.97 | ||
| Q2 25 | $1.78 | $0.60 | ||
| Q1 25 | $0.72 | $0.93 | ||
| Q4 24 | $0.74 | $1.84 | ||
| Q3 24 | $0.70 | $1.17 | ||
| Q2 24 | $1.32 | $1.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $107.4M | $83.2M |
| Total DebtLower is stronger | $5.0B | $32.0M |
| Stockholders' EquityBook value | $3.2B | $2.3B |
| Total Assets | $9.1B | $20.3B |
| Debt / EquityLower = less leverage | 1.53× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | $83.2M | ||
| Q4 25 | $107.4M | — | ||
| Q3 25 | $111.3M | — | ||
| Q2 25 | $177.0M | — | ||
| Q1 25 | $109.2M | — | ||
| Q4 24 | $123.4M | — | ||
| Q3 24 | $97.0M | — | ||
| Q2 24 | $103.2M | — |
| Q1 26 | $5.0B | $32.0M | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.2B | $2.3B | ||
| Q4 25 | $3.2B | $2.3B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.2B | $2.2B | ||
| Q1 25 | $3.2B | $2.2B | ||
| Q4 24 | $3.2B | $2.2B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $3.0B | $1.9B |
| Q1 26 | $9.1B | $20.3B | ||
| Q4 25 | $9.1B | $19.4B | ||
| Q3 25 | $8.9B | $19.4B | ||
| Q2 25 | $8.6B | $19.1B | ||
| Q1 25 | $8.6B | $18.8B | ||
| Q4 24 | $8.5B | $18.8B | ||
| Q3 24 | $8.5B | $18.7B | ||
| Q2 24 | $8.4B | $18.2B |
| Q1 26 | 1.53× | 0.01× | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
