MBIN Financial Statements

Balance sheet, income statement, cash flow, and dividends for Merchants Bancorp (MBIN).


$1.67B Market Cap.

As of 03/01/2025 5:00 PM ET (MRY) • Disclaimer

MBIN Market Cap. (MRY)


MBIN Shares Outstanding (MRY)


MBIN Assets (MRY)


Total Assets

$18.81B

Total Liabilities

$16.56B

Total Investments

$17.42B

MBIN Income (MRY)


Revenue

$646.45M

Net Income

$320.39M

Operating Expense

$223.81M

MBIN Cash Flow (MRY)


CF Operations

-$835.28M

CF Investing

-$874.27M

CF Financing

$1.60B

MBIN Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0.36

1.00%

12.50%

5.70%

17.56

2023

$0.32

0.80%

14.29%

5.65%

17.69

2022

$0.28

1.20%

16.67%

6.24%

16.04

2021

$0.24

0.80%

12.68%

5.02%

19.92

2020

$0.21

1.20%

-

5.53%

18.08

MBIN Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$18,805,732,000 (10.93%)

$16,952,516,000 (34.38%)

$12,615,227,000 (11.85%)

$11,278,638,000 (16.93%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$197,949,000 (13.09%)

$175,044,000 (7.21%)

$163,279,000 (27.66%)

$127,900,000 (26.97%)

Shareholders Equity

$2,243,310,000 (31.88%)

$1,701,084,000 (16.53%)

$1,459,739,000 (26.34%)

$1,155,409,000 (42.53%)

Property Plant & Equipment Net

$58,617,000 (38.44%)

$42,342,000 (19.48%)

$35,438,000 (13.54%)

$31,212,000 (4.88%)

Cash & Equivalents

$476,610,000 (-18.45%)

$584,422,000 (158.41%)

$226,164,000 (-78.10%)

$1,032,614,000 (474.54%)

Accumulated Other Comprehensive Income

-$133,000 (94.65%)

-$2,488,000 (76.35%)

-$10,521,000 (-623.59%)

-$1,454,000 (-488.77%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$17,417,817,000 (10.57%)

$15,752,987,000 (31.53%)

$11,976,637,000 (20.13%)

$9,969,862,000 (7.62%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Payables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Accumulated Retained Earnings (Deficit)

$1,330,995,000 (25.14%)

$1,063,599,000 (27.70%)

$832,871,000 (26.74%)

$657,149,000 (42.32%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$25,289,000 (26.93%)

$19,923,000 (1.58%)

$19,613,000 (2.31%)

$19,170,000 (-6.05%)

Total Debt

$4,386,122,000 (354.93%)

$964,127,000 (3.63%)

$930,392,000 (-10.02%)

$1,033,954,000 (-23.31%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$16,562,422,000 (8.60%)

$15,251,432,000 (36.72%)

$11,155,488,000 (10.20%)

$10,123,229,000 (14.58%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

MBIN Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$646,454,000 (23.72%)

$522,508,000 (22.31%)

$427,192,000 (-0.73%)

$430,315,000 (26.64%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$139,714,000 (19.01%)

$117,401,000 (20.72%)

$97,254,000 (4.47%)

$93,092,000 (43.37%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$223,812,000 (28.18%)

$174,601,000 (28.34%)

$136,050,000 (8.51%)

$125,385,000 (30.04%)

Interest Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Income Tax Expense

$102,256,000 (48.90%)

$68,673,000 (-3.85%)

$71,421,000 (-8.23%)

$77,826,000 (23.88%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$320,386,000 (14.74%)

$279,234,000 (27.09%)

$219,721,000 (-3.25%)

$227,104,000 (25.80%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$320,386,000 (14.74%)

$279,234,000 (27.09%)

$219,721,000 (-3.25%)

$227,104,000 (25.80%)

Preferred Dividends Income Statement Impact

$36,732,000 (5.95%)

$34,670,000 (33.43%)

$25,983,000 (24.48%)

$20,873,000 (44.22%)

Net Income Common Stock

$283,654,000 (15.98%)

$244,564,000 (26.23%)

$193,738,000 (-6.06%)

$206,231,000 (24.19%)

Weighted Average Shares

$44,855,100 (3.77%)

$43,224,042 (0.14%)

$43,164,477 (-0.02%)

$43,172,078 (0.14%)

Weighted Average Shares Diluted

$45,004,786 (3.83%)

$43,345,799 (0.07%)

$43,316,904 (-0.02%)

$43,325,303 (0.37%)

Earning Before Interest & Taxes (EBIT)

$422,642,000 (21.48%)

$347,907,000 (19.50%)

$291,142,000 (-4.52%)

$304,930,000 (25.30%)

Gross Profit

$646,454,000 (23.72%)

$522,508,000 (22.31%)

$427,192,000 (-0.73%)

$430,315,000 (26.64%)

Operating Income

$422,642,000 (21.48%)

$347,907,000 (19.50%)

$291,142,000 (-4.52%)

$304,930,000 (25.30%)

MBIN Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$874,275,000 (73.18%)

-$3,260,081,000 (-13.88%)

-$2,862,851,000 (-503.64%)

-$474,262,000 (81.27%)

Net Cash Flow from Financing

$1,601,741,000 (-59.70%)

$3,974,741,000 (267.82%)

$1,080,627,000 (-21.49%)

$1,376,364,000 (-55.31%)

Net Cash Flow from Operations

-$835,278,000 (-134.36%)

-$356,402,000 (-136.53%)

$975,774,000 (2082.64%)

-$49,216,000 (94.37%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$107,812,000 (-130.09%)

$358,258,000 (144.42%)

-$806,450,000 (-194.56%)

$852,886,000 (360.84%)

Net Cash Flow - Business Acquisitions and Disposals

-$193,895,000 (-933.45%)

-$18,762,000 (-28.59%)

-$14,590,000 (-25.15%)

-$11,658,000 (-178.83%)

Net Cash Flow - Investment Acquisitions and Disposals

-$672,228,000 (79.22%)

-$3,235,728,000 (-13.70%)

-$2,845,895,000 (-518.94%)

-$459,801,000 (81.79%)

Capital Expenditure

-$18,391,000 (-144.30%)

-$7,528,000 (-11.34%)

-$6,761,000 (-85.49%)

-$3,645,000 (-0.61%)

Issuance (Repayment) of Debt Securities

$3,421,197,000 (10225.96%)

$33,132,000 (131.99%)

-$103,562,000 (67.05%)

-$314,302,000 (-126.94%)

Issuance (Purchase) of Equity Shares

$97,655,000 (0%)

$0 (0%)

-$3,935,000 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

-$51,167,000 (-5.49%)

-$48,506,000 (-27.42%)

-$38,067,000 (-21.87%)

-$31,235,000 (-31.95%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Depreciation Amortization & Accretion

$3,014,000 (5.68%)

$2,852,000 (14.77%)

$2,485,000 (13.42%)

$2,191,000 (15.56%)

MBIN Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

43.90% (-6.20%)

46.80% (3.08%)

45.40% (-5.22%)

47.90% (-2.04%)

EBITDA Margin

65.80% (-1.94%)

67.10% (-2.33%)

68.70% (-3.78%)

71.40% (-1.11%)

Return on Average Equity (ROAE)

14.50% (-5.23%)

15.30% (4.08%)

14.70% (-22.63%)

19.00% (-15.56%)

Return on Average Assets (ROAA)

1.50% (0.00%)

1.50% (-11.76%)

1.70% (-15.00%)

2.00% (11.11%)

Return on Sales (ROS)

65.40% (-1.80%)

66.60% (-2.35%)

68.20% (-3.81%)

70.90% (-0.98%)

Return on Invested Capital (ROIC)

2.10% (0.00%)

2.10% (-16.00%)

2.50% (-13.79%)

2.90% (20.83%)

Dividend Yield

1.00% (25.00%)

0.80% (-33.33%)

1.20% (50.00%)

0.80% (-33.33%)

Price to Earnings Ratio (P/E)

5.77 (-23.29%)

7.52 (38.90%)

5.42 (-17.95%)

6.6 (37.98%)

Price to Sales Ratio (P/S)

2.53 (-28.14%)

3.52 (43.35%)

2.46 (-22.39%)

3.17 (35.47%)

Price to Book Ratio (P/B)

0.74 (-31.24%)

1.08 (50.70%)

0.72 (-39.10%)

1.18 (20.31%)

Debt to Equity Ratio (D/E)

7.38 (-17.66%)

8.97 (17.33%)

7.64 (-12.78%)

8.76 (-19.61%)

Earnings Per Share (EPS)

6.32 (11.66%)

5.66 (26.06%)

4.49 (-6.07%)

4.78 (24.16%)

Sales Per Share (SPS)

14.41 (19.23%)

12.09 (22.14%)

9.9 (-0.70%)

9.97 (26.47%)

Free Cash Flow Per Share (FCFPS)

-19.03 (-126.03%)

-8.42 (-137.51%)

22.45 (1934.07%)

-1.22 (93.99%)

Book Value Per Share (BVPS)

50.01 (27.08%)

39.35 (16.37%)

33.82 (26.36%)

26.76 (42.34%)

Tangible Assets Book Value Per Share (TABVPS)

414.84 (6.88%)

388.15 (34.55%)

288.48 (11.69%)

258.29 (16.67%)

Enterprise Value Over EBIT (EV/EBIT)

11 (22.22%)

9 (200.00%)

3 (-25.00%)

4 (-50.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

10.89 (23.71%)

8.8 (214.54%)

2.8 (-37.20%)

4.46 (-44.89%)

Asset Turnover

0.04 (6.06%)

0.03 (-13.16%)

0.04 (-7.32%)

0.04 (10.81%)

Current Ratio

-

-

-

-

Dividends

$0.36 (12.50%)

$0.32 (14.29%)

$0.28 (16.67%)

$0.24 (12.68%)

Free Cash Flow (FCF)

-$853,669,000 (-134.57%)

-$363,930,000 (-137.56%)

$969,013,000 (1933.13%)

-$52,861,000 (93.98%)

Enterprise Value (EV)

$4,635,828,919 (50.12%)

$3,088,005,227 (275.79%)

$821,742,937 (-39.97%)

$1,368,971,751 (-30.97%)

Earnings Before Tax (EBT)

$422,642,000 (21.48%)

$347,907,000 (19.50%)

$291,142,000 (-4.52%)

$304,930,000 (25.30%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$425,656,000 (21.35%)

$350,759,000 (19.46%)

$293,627,000 (-4.39%)

$307,121,000 (25.23%)

Invested Capital

$22,517,295,000 (31.24%)

$17,157,177,000 (30.41%)

$13,156,176,000 (17.97%)

$11,152,078,000 (4.10%)

Working Capital

-

-

-

-

Tangible Asset Value

$18,607,783,000 (10.91%)

$16,777,472,000 (34.74%)

$12,451,948,000 (11.67%)

$11,150,738,000 (16.83%)

Market Capitalization

$1,669,013,919 (-9.35%)

$1,841,168,227 (75.61%)

$1,048,424,937 (-23.05%)

$1,362,411,751 (71.54%)

Average Equity

$1,961,758,000 (22.61%)

$1,599,945,750 (20.99%)

$1,322,342,750 (22.00%)

$1,083,901,500 (47.02%)

Average Assets

$18,373,426,500 (15.62%)

$15,890,897,500 (40.22%)

$11,332,649,000 (8.40%)

$10,454,365,750 (14.49%)

Invested Capital Average

$20,391,286,000 (23.56%)

$16,503,777,750 (40.92%)

$11,711,860,500 (11.24%)

$10,528,382,750 (5.39%)

Shares

45,764,023 (5.84%)

43,240,212 (0.30%)

43,109,578 (-0.16%)

43,178,061 (0.14%)