Merchants Financial Statements From 2010 to 2026

MBINM Stock  USD 25.46  0.06  0.24%   
Merchants Bancorp's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Merchants Bancorp's valuation are provided below:
Gross Profit
563.7 M
Quarterly Earnings Growth
(0.30)
Profit Margin
0.3881
Revenue
563.7 M
Quarterly Revenue Growth
(0.18)
There are over one hundred nineteen available fundamental ratios for Merchants Bancorp, which can be analyzed over time and compared to other ratios. Self-guided Investors are advised to check Merchants Bancorp's last-minute fundamentals against the trend between 2010 and 2026 to make sure the company can sustain itself down the road.

Merchants Bancorp Total Revenue

1.43 Billion

Check Merchants Bancorp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Merchants Bancorp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.6 M, Interest Expense of 718 M or Selling General Administrative of 186.1 M, as well as many indicators such as Price To Sales Ratio of 1.09, Dividend Yield of 0.0185 or PTB Ratio of 1.29. Merchants financial statements analysis is a perfect complement when working with Merchants Bancorp Valuation or Volatility modules.
  
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Merchants Bancorp Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets10.7 B19.4 B7.6 B
Slightly volatile
Short and Long Term Debt TotalB3.8 BB
Slightly volatile
Other Current Liabilities7.6 B7.4 B5.5 B
Slightly volatile
Total Current Liabilities7.6 B7.4 B5.6 B
Slightly volatile
Total Stockholder Equity1.1 B2.3 B784.3 M
Slightly volatile
Property Plant And Equipment Net77.6 M73.9 M25.1 M
Slightly volatile
Retained Earnings1.6 B1.5 B528.9 M
Slightly volatile
Accounts Payable12.2 B11.6 B4.7 B
Slightly volatile
Cash15.1 M15.8 M403.5 M
Slightly volatile
Non Current Assets Total77.8 M81.9 M5.1 B
Slightly volatile
Non Currrent Assets Other954.7 M909.2 M301.4 M
Slightly volatile
Other Assets6.2 B7.5 B4.3 B
Slightly volatile
Cash And Short Term Investments919.3 M880.9 M801.1 M
Slightly volatile
Net Receivables11.6 B11 B1.4 B
Slightly volatile
Good Will11.8 MM7.8 M
Slightly volatile
Common Stock Shares Outstanding44.8 M45.9 M38.3 M
Slightly volatile
Short Term Investments458.3 M865.1 M371.4 M
Slightly volatile
Liabilities And Stockholders Equity10.7 B19.4 B7.6 B
Slightly volatile
Non Current Liabilities Total5.6 B5.3 B1.2 B
Slightly volatile
Total Liabilities9.6 B17.2 B6.8 B
Slightly volatile
Total Current Assets12.5 B11.9 B2.2 B
Slightly volatile
Short Term Debt992.1 M944.9 M295.2 M
Slightly volatile
Intangible Assets113.3 M218.5 M96.4 M
Slightly volatile
Common Stock148.1 M243.3 M101.7 M
Slightly volatile
Other Liabilities88.6 M159.4 M71.7 M
Slightly volatile
Net Tangible Assets677.3 M1.1 B564.5 M
Slightly volatile
Long Term Debt5.2 BB1.2 B
Slightly volatile
Net Invested Capital7.1 B6.8 BB
Slightly volatile
Long Term Investments3.7 B3.5 B1.2 B
Slightly volatile
Capital Stock559.9 MB387.4 M
Slightly volatile
Property Plant Equipment33.4 M53.4 M26.6 M
Slightly volatile
Property Plant And Equipment Gross50.4 M82.8 M41.1 M
Slightly volatile

Merchants Bancorp Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization3.6 M3.5 M1.4 M
Slightly volatile
Interest Expense718 M683.8 M196.4 M
Slightly volatile
Selling General Administrative186.1 M177.2 M63.4 M
Slightly volatile
Selling And Marketing Expenses141.8 M135 M56.6 M
Slightly volatile
Total Revenue1.4 B1.4 B474 M
Slightly volatile
Gross Profit344.3 M563.7 M242 M
Slightly volatile
Other Operating Expenses1.2 B1.1 B312.2 M
Slightly volatile
Operating Income223.9 M263.8 M158.8 M
Slightly volatile
EBIT510.3 M486 M188.7 M
Slightly volatile
EBITDA225.4 M263.8 M159.8 M
Slightly volatile
Cost Of Revenue841.6 M801.5 M217.5 M
Slightly volatile
Total Operating Expenses314.9 M299.9 M94.7 M
Slightly volatile
Income Before Tax223.9 M263.8 M158.8 M
Slightly volatile
Net Income170.2 M218.8 M118.5 M
Slightly volatile
Income Tax Expense53.7 M45 M40.3 M
Slightly volatile
Tax Provision66.7 M117.6 M45.8 M
Slightly volatile
Net Interest Income310.3 M601 M212.1 M
Slightly volatile
Interest Income1.6 B1.5 B463.2 M
Slightly volatile
Net Income From Continuing Ops211.7 M368.4 M142.9 M
Slightly volatile
Reconciled Depreciation2.1 M3.5 M1.4 M
Slightly volatile
Net Income Applicable To Common Shares152.6 M222.8 M113.7 M
Slightly volatile

Merchants Bancorp Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow478.3 M672.1 M391 M
Slightly volatile
Depreciation3.6 M3.5 M1.4 M
Slightly volatile
Dividends Paid61.8 M58.8 M22.4 M
Slightly volatile
Capital Expenditures22.2 M21.1 M7.5 M
Slightly volatile
Net Income386.9 M368.4 M140 M
Slightly volatile
Total Cash From Financing Activities1.7 B1.8 B1.2 B
Slightly volatile
End Period Cash Flow505.4 M548.1 M463.7 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.091.14442.9479
Slightly volatile
Dividend Yield0.01850.01170.0195
Slightly volatile
PTB Ratio1.290.6851.5383
Slightly volatile
Days Sales Outstanding3.1 K2.9 K376
Slightly volatile
Book Value Per Share52.2149.720420.0643
Slightly volatile
Capex To Depreciation9.547.027.4987
Very volatile
PB Ratio1.290.6851.5383
Slightly volatile
ROIC0.04530.04770.0981
Slightly volatile
Net Income Per Share2.894.76922.771
Slightly volatile
Payables Turnover7.7610.019.8564
Slightly volatile
Sales General And Administrative To Revenue0.170.12980.1559
Slightly volatile
Capex To Revenue0.02730.01460.0224
Very volatile
Cash Per Share22.8719.203621.3201
Very volatile
Interest Coverage0.370.38582.6509
Slightly volatile
Payout Ratio0.07970.08390.15
Slightly volatile
Days Payables Outstanding42.3137.7237.643
Slightly volatile
ROE0.180.09590.1693
Slightly volatile
PE Ratio8.177.14178.9577
Slightly volatile
Return On Tangible Assets0.01260.01130.0147
Slightly volatile
Earnings Yield0.120.140.1268
Slightly volatile
Intangibles To Total Assets4.0E-44.0E-40.0168
Slightly volatile
Current Ratio1.691.60740.3962
Slightly volatile
Tangible Book Value Per Share52.0249.545717.8961
Slightly volatile
Receivables Turnover0.120.123714.4707
Slightly volatile
Graham Number76.773.043235.8229
Slightly volatile
Shareholders Equity Per Share52.2149.720420.068
Slightly volatile
Debt To Equity1.771.68480.7435
Slightly volatile
Capex Per Share0.390.370.1658
Slightly volatile
Revenue Per Share31.2529.762111.0234
Slightly volatile
Interest Debt Per Share10498.674927.4885
Slightly volatile
Debt To Assets0.210.19760.0747
Slightly volatile
Price Earnings Ratio8.177.14178.9577
Slightly volatile
Operating Cycle3.1 K2.9 K376
Slightly volatile
Price Book Value Ratio1.290.6851.5383
Slightly volatile
Days Of Payables Outstanding42.3137.7237.643
Slightly volatile
Dividend Payout Ratio0.07970.08390.15
Slightly volatile
Pretax Profit Margin0.180.19320.4822
Slightly volatile
Operating Profit Margin0.180.19320.4822
Slightly volatile
Effective Tax Rate0.30.17070.3083
Slightly volatile
Company Equity Multiplier11.398.527411.8723
Slightly volatile
Long Term Debt To Capitalization0.660.62750.324
Slightly volatile
Total Debt To Capitalization0.660.62750.3747
Slightly volatile
Return On Capital Employed0.02080.02190.1551
Slightly volatile
Debt Equity Ratio1.771.68480.7435
Slightly volatile
Ebit Per Revenue0.180.19320.4822
Slightly volatile
Quick Ratio1.691.60740.3962
Slightly volatile
Net Income Per E B T0.580.82930.6847
Slightly volatile
Cash Ratio0.0020.00210.1199
Slightly volatile
Days Of Sales Outstanding3.1 K2.9 K376
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.810.920.9842
Slightly volatile
Price To Book Ratio1.290.6851.5383
Slightly volatile
Fixed Asset Turnover14.818.466918.8135
Pretty Stable
Debt Ratio0.210.19760.0747
Slightly volatile
Price Sales Ratio1.091.14442.9479
Slightly volatile
Return On Assets0.01240.01120.0144
Slightly volatile
Asset Turnover0.03980.07020.045
Slightly volatile
Net Profit Margin0.150.16020.3274
Slightly volatile
Gross Profit Margin0.750.41290.7212
Slightly volatile
Price Fair Value1.290.6851.5383
Slightly volatile
Return On Equity0.180.09590.1693
Slightly volatile

Merchants Bancorp Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap942.6 M1.4 BB
Slightly volatile
Enterprise Value4.3 B4.9 B5.3 B
Slightly volatile

Merchants Fundamental Market Drivers

About Merchants Bancorp Financial Statements

Merchants Bancorp investors utilize fundamental indicators, such as revenue or net income, to predict how Merchants Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue-1.2 B-1.2 B
Total Revenue1.4 B1.4 B
Cost Of Revenue801.5 M841.6 M
Sales General And Administrative To Revenue 0.13  0.17 
Capex To Revenue 0.01  0.03 
Revenue Per Share 29.76  31.25 
Ebit Per Revenue 0.19  0.18 

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When determining whether Merchants Bancorp is a strong investment it is important to analyze Merchants Bancorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Merchants Bancorp's future performance. For an informed investment choice regarding Merchants Stock, refer to the following important reports:
Check out the analysis of Merchants Bancorp Correlation against competitors.
To learn how to invest in Merchants Stock, please use our How to Invest in Merchants Bancorp guide.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Will Regional Banks sector continue expanding? Could Merchants diversify its offerings? Factors like these will boost the valuation of Merchants Bancorp. Expected growth trajectory for Merchants significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Merchants Bancorp data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
(0.30)
Dividend Share
0.4
Revenue Per Share
12.288
Quarterly Revenue Growth
(0.18)
Return On Assets
0.0114
Understanding Merchants Bancorp requires distinguishing between market price and book value, where the latter reflects Merchants's accounting equity. The concept of intrinsic value - what Merchants Bancorp's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Merchants Bancorp's price substantially above or below its fundamental value.
Understanding that Merchants Bancorp's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Merchants Bancorp represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, Merchants Bancorp's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.