Merchants Bancorp (MBIN)
NASDAQ: MBIN · Real-Time Price · USD
32.92
+0.37 (1.14%)
At close: May 13, 2025, 4:00 PM
32.73
-0.19 (-0.58%)
Pre-market: May 14, 2025, 5:48 AM EDT
Merchants Bancorp Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| Interest Income on Loans | 1,097 | 1,128 | 972.37 | 460.38 | 306.58 | 275.04 | Upgrade
|
| Interest Income on Investments | 178.56 | 174.84 | 105.43 | 20.45 | 5.31 | 7.75 | Upgrade
|
| Total Interest Income | 1,276 | 1,303 | 1,078 | 480.83 | 311.89 | 282.79 | Upgrade
|
| Interest Paid on Deposits | 613.28 | 660.36 | 577.21 | 149.65 | 28.26 | 52.24 | Upgrade
|
| Interest Paid on Borrowings | 144.72 | 119.74 | 52.52 | 12.64 | 5.64 | 6.41 | Upgrade
|
| Total Interest Expense | 757.99 | 780.1 | 629.73 | 162.28 | 33.89 | 58.64 | Upgrade
|
| Net Interest Income | 517.76 | 522.62 | 448.07 | 318.55 | 277.99 | 224.15 | Upgrade
|
| Net Interest Income Growth (YoY) | 9.13% | 16.64% | 40.66% | 14.59% | 24.02% | 83.28% | Upgrade
|
| Mortgage Banking Activities | 6.07 | 5.54 | 7.7 | 5.39 | 12.4 | 20.98 | Upgrade
|
| Gain (Loss) on Sale of Investments | - | -0.11 | - | - | 0.19 | 0.44 | Upgrade
|
| Other Non-Interest Income | 60.32 | 80.41 | 58.78 | 56.39 | 33.56 | 9.47 | Upgrade
|
| Total Non-Interest Income | 130.93 | 148.11 | 114.67 | 125.94 | 157.33 | 127.47 | Upgrade
|
| Non-Interest Income Growth (YoY) | -7.32% | 29.17% | -8.95% | -19.96% | 23.43% | 170.71% | Upgrade
|
| Revenues Before Loan Losses | 648.69 | 670.73 | 562.74 | 444.49 | 435.33 | 351.62 | Upgrade
|
| Provision for Loan Losses | 27.28 | 24.28 | 40.23 | 17.3 | 5.01 | 11.84 | Upgrade
|
| Revenue | 621.41 | 646.45 | 522.51 | 427.19 | 430.32 | 339.78 | Upgrade
|
| Revenue Growth (YoY) | 7.58% | 23.72% | 22.31% | -0.73% | 26.65% | 105.37% | Upgrade
|
| Salaries and Employee Benefits | 132.58 | 125.76 | 104.16 | 86.03 | 83.75 | 58.01 | Upgrade
|
| Occupancy Expenses | 6.41 | 6.3 | 6.78 | 6.14 | 7.37 | 4.53 | Upgrade
|
| Federal Deposit Insurance | 28.26 | 26.16 | 13.58 | 3.46 | 2.69 | 5.8 | Upgrade
|
| Selling, General & Administrative | 31.02 | 31.71 | 25.68 | 19.44 | 11.61 | 9.11 | Upgrade
|
| Other Non-Interest Expense | 38.29 | 33.89 | 24.4 | 20.99 | 19.98 | 18.97 | Upgrade
|
| Total Non-Interest Expense | 236.56 | 223.81 | 174.6 | 136.05 | 125.39 | 96.42 | Upgrade
|
| EBT Excluding Unusual Items | 384.85 | 422.64 | 347.91 | 291.14 | 304.93 | 243.36 | Upgrade
|
| Pretax Income | 384.85 | 422.64 | 347.91 | 291.14 | 304.93 | 243.36 | Upgrade
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| Income Tax Expense | 93.28 | 102.26 | 68.67 | 71.42 | 77.83 | 62.82 | Upgrade
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| Net Income | 291.57 | 320.39 | 279.23 | 219.72 | 227.1 | 180.53 | Upgrade
|
| Preferred Dividends & Other Adjustments | 43.7 | 36.73 | 34.67 | 25.98 | 20.87 | 14.47 | Upgrade
|
| Net Income to Common | 247.87 | 283.65 | 244.56 | 193.74 | 206.23 | 166.06 | Upgrade
|
| Net Income Growth | -6.35% | 14.74% | 27.09% | -3.25% | 25.80% | 133.46% | Upgrade
|
| Basic Shares Outstanding | 45 | 45 | 43 | 43 | 43 | 43 | Upgrade
|
| Diluted Shares Outstanding | 46 | 45 | 43 | 43 | 43 | 43 | Upgrade
|
| Shares Change (YoY) | 5.13% | 3.83% | 0.07% | -0.02% | 0.37% | 0.11% | Upgrade
|
| EPS (Basic) | 5.45 | 6.32 | 5.66 | 4.49 | 4.78 | 3.85 | Upgrade
|
| EPS (Diluted) | 5.44 | 6.30 | 5.64 | 4.47 | 4.76 | 3.85 | Upgrade
|
| EPS Growth | -14.66% | 11.70% | 26.17% | -6.09% | 23.64% | 143.67% | Upgrade
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| Dividend Per Share | 0.370 | 0.360 | 0.320 | 0.280 | 0.240 | 0.210 | Upgrade
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| Dividend Growth | 12.12% | 12.50% | 14.29% | 16.67% | 14.29% | 10.53% | Upgrade
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| Effective Tax Rate | 24.24% | 24.19% | 19.74% | 24.53% | 25.52% | 25.82% | Upgrade
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Updated Apr 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.