Merchants Bancorp (MBIN) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments507500500
Cash and cash equivalents507337360
Short-term investments 163141
Receivables  3
Total current assets:507500503
Noncurrent Assets
Property, plant and equipment29155
Intangible assets, net (including goodwill)20215
Goodwill16174
Intangible assets, net (excluding goodwill)442
Amortization method qualified affordable housing project investments151716
Total noncurrent assets:645326
Other undisclosed assets5,8013,3312,864
TOTAL ASSETS:6,3723,8843,393
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt 14
Qualified affordable housing project investments, commitment 14
Total noncurrent liabilities: 14
Other undisclosed liabilities5,7183,4623,022
Total liabilities:5,7183,4633,026
Stockholders' equity
Stockholders' equity attributable to parent, including:654421367
Preferred stock 4242
Common stock136135135
Accumulated other comprehensive income (loss)0(0)(1)
Retained earnings305245192
Other undisclosed stockholders' equity attributable to parent213  
Total stockholders' equity:654421367
TOTAL LIABILITIES AND EQUITY:6,3723,8843,393

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

12/31/2019
12/31/2018
12/31/2017
Revenues229159127
Gain on disposition of assets for financial service operations36 
Net investment income19311980
Financial services revenue3947
Cost of revenue
(Amortization of Mortgage Servicing Rights (MSRs))
(11)(2)(3)
Gross profit:218156124
Operating expenses(14)(44)(30)
Operating income:20411394
Interest and debt expense(90)(51)(28)
Income from continuing operations before equity method investments, income taxes:1146266
Other undisclosed income (loss) from continuing operations before income taxes(12)2211
Income from continuing operations before income taxes:1028477
Income tax expense(25)(21)(22)
Net income attributable to parent:776355
Preferred stock dividends and other adjustments(9)(3)(3)
Net income available to common stockholders, diluted:686051

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income:776355
Comprehensive income:776355
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11(0)
Comprehensive income, net of tax, attributable to parent:786454

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: