Merchants Bancorp (MBIN) financial statements (2021 and earlier)

Company profile

Business Address 410 MONON BLVD
CARMEL, IN 46032
State of Incorp. IN
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments180507500500
Cash and cash equivalents180507337360
Short-term investments  163141
Receivables5  3
Total current assets:184507500503
Noncurrent Assets
Property, plant and equipment3029155
Intangible assets, net (including goodwill)1820215
Goodwill1616174
Intangible assets, net (excluding goodwill)2442
Amortization method qualified affordable housing project investments15151716
Total noncurrent assets:63645326
Other undisclosed assets9,3985,8013,3312,864
TOTAL ASSETS:9,6456,3723,8843,393
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt9 14
Qualified affordable housing project investments, commitment9 14
Total noncurrent liabilities:9 14
Other undisclosed liabilities8,8265,7183,4623,022
Total liabilities:8,8355,7183,4633,026
Stockholders' equity
Stockholders' equity attributable to parent, including:811654421367
Preferred stock  4242
Common stock136136135135
Accumulated other comprehensive income (loss)00(0)(1)
Retained earnings462305245192
Other undisclosed stockholders' equity attributable to parent213213  
Total stockholders' equity:811654421367
TOTAL LIABILITIES AND EQUITY:9,6456,3723,8843,393

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues364229159127
Gain on disposition of assets for financial service operations9736 
Net investment income26719311980
Financial services revenue3947
Cost of revenue
(Amortization of Mortgage Servicing Rights (MSRs))
(14)(11)(2)(3)
Gross profit:351218156124
Operating expenses(22)(14)(44)(30)
Operating income:32920411394
Interest and debt expense(59)(90)(51)(28)
Income from continuing operations before equity method investments, income taxes:2701146266
Other undisclosed income (loss) from continuing operations before income taxes(27)(12)2211
Income from continuing operations before income taxes:2431028477
Income tax expense(63)(25)(21)(22)
Net income attributable to parent:181776355
Preferred stock dividends and other adjustments(14)(9)(3)(3)
Net income available to common stockholders, diluted:166686051

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:181776355
Comprehensive income:181776355
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)11(0)
Comprehensive income, net of tax, attributable to parent:180786454

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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