Merchants Bancorp (MBIN) Financial Statements (2023 and Earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,033180507500500
Cash and cash equivalents1,033180507337360
Short-term investments   163141
Receivables75  3
Total current assets:1,039184507500503
Noncurrent Assets
Property, plant and equipment313029155
Intangible assets, net (including goodwill)181820215
Goodwill161616174
Intangible assets, net (excluding goodwill)22442
Amortization method qualified affordable housing project investments3215151716
Total noncurrent assets:8063645326
Other undisclosed assets10,1599,3985,8013,3312,864
TOTAL ASSETS:11,2799,6456,3723,8843,393
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt249 14
Qualified affordable housing project investments, commitment249 14
Total noncurrent liabilities:249 14
Other undisclosed liabilities10,0998,8265,7183,4623,022
Total liabilities:10,1238,8355,7183,4633,026
Stockholders' equity
Stockholders' equity attributable to parent, including:1,155811654421367
Preferred stock   4242
Common stock138136136135135
Accumulated other comprehensive income (loss)(1)00(0)(1)
Retained earnings657462305245192
Other undisclosed stockholders' equity attributable to parent362213213  
Total stockholders' equity:1,155811654421367
TOTAL LIABILITIES AND EQUITY:11,2799,6456,3723,8843,393

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues409364229159127
Gain on disposition of assets for financial service operations1119736 
Net investment income29726719311980
Financial services revenue3947
Cost of revenue
(Amortization of Mortgage Servicing Rights (MSRs))
(4)(14)(11)(2)(3)
Gross profit:404351218156124
Operating expenses(25)(22)(14)(44)(30)
Operating income:38032920411394
Interest and debt expense(34)(59)(90)(51)(28)
Income from continuing operations before equity method investments, income taxes:3462701146266
Other undisclosed income (loss) from continuing operations before income taxes(41)(27)(12)2211
Income from continuing operations before income taxes:3052431028477
Income tax expense(78)(63)(25)(21)(22)
Net income attributable to parent:227181776355
Preferred stock dividends and other adjustments(21)(14)(9)(3)(3)
Net income available to common stockholders, diluted:206166686051

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:227181776355
Comprehensive income:227181776355
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(0)11(0)
Comprehensive income, net of tax, attributable to parent:225180786454

Statements Sources

The financial statements are based on the Company's filings with 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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