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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments180429403568507365461
Cash and cash equivalents180429403568507365461
Receivables5      
Total current assets:184429403568507365461
Noncurrent Assets
Property, plant and equipment30292929292927
Intangible assets, net (including goodwill)18191919202020
Goodwill16161616161616
Intangible assets, net (excluding goodwill)2333445
Amortization method qualified affordable housing project investments15   15  
Total noncurrent assets:63484849644947
Other undisclosed assets9,3989,0548,9887,2925,8015,9234,780
TOTAL ASSETS:9,6459,5309,4397,9086,3726,3375,287
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt9      
Qualified affordable housing project investments, commitment9      
Total noncurrent liabilities:9      
Other undisclosed liabilities8,8268,7738,7317,2355,7185,7084,772
Total liabilities:8,8358,7738,7317,2355,7185,7084,772
Stockholders' equity
Stockholders' equity attributable to parent, including:811757708673654629515
Common stock136136136136136136135
Accumulated other comprehensive income0011011
Retained earnings462408359324305281265
Other undisclosed stockholders' equity attributable to parent213213213213213213114
Total stockholders' equity:811757708673654629515
TOTAL LIABILITIES AND EQUITY:9,6459,5309,4397,9086,3726,3375,287

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1041028276746353
Gain on disposition of assets for financial service operations293017211689
Net investment income75726555585444
Cost of revenue(1)(3)(2)(8)(0)(1)(0)
Provision for loan, lease, and other losses (3)(2)  (1)(0)
Amortization of mortgage servicing rights (msrs)(1)  (8)(0)  
Gross profit:103998068746253
Operating expenses(7)(6)(5)(4)(4)(3)(3)
Operating income:96937564695850
Interest and debt expense(9)(11)(17)(22)(26)(27)(21)
Income from continuing operations before equity method investments, income taxes:88825842433129
Other undisclosed loss from continuing operations before income taxes(7)(8)(3)(9)(4)(4)(8)
Income from continuing operations before income taxes:80755533392722
Income tax expense(21)(20)(14)(8)(9)(7)(5)
Net income attributable to parent:60554125302016
Preferred stock dividends and other adjustments(4)(4)(4)(4)(4)(3)(2)
Net income available to common stockholders, diluted:56513821261715

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:60554125302016
Comprehensive income:60554125302016
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)(0)0(0)00
Comprehensive income, net of tax, attributable to parent:60554125302017

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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