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Side-by-side financial comparison of Galiano Gold Inc. (GAU) and Merchants Bancorp (MBIN). Click either name above to swap in a different company.

Merchants Bancorp is the larger business by last-quarter revenue ($175.2M vs $166.8M, roughly 1.1× Galiano Gold Inc.). Over the past eight quarters, Merchants Bancorp's revenue compounded faster (4.8% CAGR vs 1.3%).

Galiano Gold Inc. is a Canada-based mineral exploration and production firm focused on gold assets. Its core operation is the Asanko Gold Mine in Ghana, West Africa. It extracts, processes and sells gold products to global precious metals markets, catering to both industrial clients and investment sector purchasers.

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.

GAU vs MBIN — Head-to-Head

Bigger by revenue
MBIN
MBIN
1.1× larger
MBIN
$175.2M
$166.8M
GAU
Faster 2-yr revenue CAGR
MBIN
MBIN
Annualised
MBIN
4.8%
1.3%
GAU

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GAU
GAU
MBIN
MBIN
Revenue
$166.8M
$175.2M
Net Profit
$67.7M
Gross Margin
Operating Margin
24.3%
Net Margin
38.6%
Revenue YoY
Net Profit YoY
16.3%
EPS (diluted)
$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.

Revenue
GAU
GAU
MBIN
MBIN
Q1 26
$175.2M
Q4 25
$185.3M
Q3 25
$166.8M
$171.1M
Q2 25
$95.7M
$179.2M
Q1 25
$31.7M
$145.9M
Q4 24
$193.8M
Q3 24
$71.1M
$149.6M
Q2 24
$64.0M
$159.5M
Net Profit
GAU
GAU
MBIN
MBIN
Q1 26
$67.7M
Q4 25
Q3 25
$54.7M
Q2 25
$4.1M
$38.0M
Q1 25
$-3.2M
$58.2M
Q4 24
Q3 24
$1.1M
$61.3M
Q2 24
$8.8M
$76.4M
Operating Margin
GAU
GAU
MBIN
MBIN
Q1 26
Q4 25
39.9%
Q3 25
24.3%
37.8%
Q2 25
18.4%
27.3%
Q1 25
8.2%
52.4%
Q4 24
66.0%
Q3 24
54.4%
Q2 24
62.2%
Net Margin
GAU
GAU
MBIN
MBIN
Q1 26
38.6%
Q4 25
Q3 25
32.0%
Q2 25
4.3%
21.2%
Q1 25
-10.1%
39.9%
Q4 24
Q3 24
1.5%
41.0%
Q2 24
13.8%
47.9%
EPS (diluted)
GAU
GAU
MBIN
MBIN
Q1 26
$1.25
Q4 25
$1.28
Q3 25
$0.97
Q2 25
$0.60
Q1 25
$0.93
Q4 24
$1.84
Q3 24
$1.17
Q2 24
$1.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GAU
GAU
MBIN
MBIN
Cash + ST InvestmentsLiquidity on hand
$83.2M
Total DebtLower is stronger
$32.0M
Stockholders' EquityBook value
$2.3B
Total Assets
$20.3B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAU
GAU
MBIN
MBIN
Q1 26
$83.2M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
GAU
GAU
MBIN
MBIN
Q1 26
$32.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
GAU
GAU
MBIN
MBIN
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$1.9B
Q2 24
$1.9B
Total Assets
GAU
GAU
MBIN
MBIN
Q1 26
$20.3B
Q4 25
$19.4B
Q3 25
$19.4B
Q2 25
$19.1B
Q1 25
$18.8B
Q4 24
$18.8B
Q3 24
$18.7B
Q2 24
$18.2B
Debt / Equity
GAU
GAU
MBIN
MBIN
Q1 26
0.01×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GAU
GAU
MBIN
MBIN
Operating Cash FlowLast quarter
$41.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GAU
GAU
MBIN
MBIN
Q1 26
Q4 25
$-341.2M
Q3 25
$41.9M
$29.8M
Q2 25
$17.5M
$-121.2M
Q1 25
$13.0M
$148.0M
Q4 24
$-835.3M
Q3 24
$28.6M
$-492.6M
Q2 24
$9.2M
$51.1M
Free Cash Flow
GAU
GAU
MBIN
MBIN
Q1 26
Q4 25
$-362.2M
Q3 25
$24.0M
Q2 25
$-125.7M
Q1 25
$141.2M
Q4 24
$-853.7M
Q3 24
$-497.2M
Q2 24
$45.8M
FCF Margin
GAU
GAU
MBIN
MBIN
Q1 26
Q4 25
-195.5%
Q3 25
14.0%
Q2 25
-70.1%
Q1 25
96.8%
Q4 24
-440.6%
Q3 24
-332.4%
Q2 24
28.7%
Capex Intensity
GAU
GAU
MBIN
MBIN
Q1 26
Q4 25
11.3%
Q3 25
3.4%
Q2 25
2.5%
Q1 25
4.7%
Q4 24
9.5%
Q3 24
3.0%
Q2 24
3.3%
Cash Conversion
GAU
GAU
MBIN
MBIN
Q1 26
Q4 25
Q3 25
0.54×
Q2 25
4.30×
-3.19×
Q1 25
2.54×
Q4 24
Q3 24
26.04×
-8.04×
Q2 24
1.05×
0.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GAU
GAU

Segment breakdown not available.

MBIN
MBIN

Net Interest Income$128.6M73%
Noninterest Income$46.6M27%

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