Merchants Bancorp Quarterly Income Statements Chart
Quarterly
|
Annual
Merchants Bancorp Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| interest income | |||||||||||||||||||||
| loans | 255,641,000 | 239,280,000 | 266,719,000 | 290,259,000 | 284,421,000 | 271,998,000 | 274,971,000 | 266,561,000 | 228,732,000 | 189,450,000 | 164,682,000 | 129,101,000 | 85,994,000 | 72,196,000 | 77,113,000 | 72,924,000 | 68,276,000 | 75,517,000 | -189,136,085 | 71,857,000 | 63,979,000 |
| mortgage loans in process of securitization | 5,304,000 | 3,743,000 | 5,662,000 | 4,062,000 | 3,044,000 | 1,720,000 | 5,294,000 | 2,583,000 | 3,127,000 | 1,648,000 | 2,551,000 | 2,162,000 | 1,449,000 | 2,245,000 | 4,018,000 | 2,868,000 | 2,724,000 | 3,136,000 | -8,568,878 | 3,250,000 | 2,534,000 |
| investment securities: | |||||||||||||||||||||
| available for sale | 12,095,000 | 12,358,000 | 13,453,000 | 14,855,000 | 14,784,000 | 14,388,000 | |||||||||||||||
| held to maturity | 23,166,000 | 24,358,000 | 27,673,000 | 22,081,000 | 19,799,000 | 20,522,000 | 19,491,000 | 17,427,000 | 17,311,000 | 15,754,000 | 11,412,000 | 970,000 | |||||||||
| fhlb stock and other equity securities | 4,641,000 | 4,372,000 | 4,123,000 | 3,128,000 | |||||||||||||||||
| other | 3,552,000 | 3,093,000 | 3,716,000 | 4,543,000 | 4,948,000 | 4,701,000 | 3,659,000 | 3,351,000 | 2,864,000 | 1,749,000 | 1,802,000 | 1,015,000 | 626,000 | 601,000 | 261,000 | 205,000 | 204,000 | 147,000 | -2,842,075 | 152,000 | 234,000 |
| total interest income | 304,399,000 | 287,204,000 | 321,346,000 | 338,928,000 | 328,273,000 | 314,173,000 | 311,759,000 | 296,676,000 | 258,069,000 | 211,294,000 | 181,439,000 | 134,112,000 | 89,270,000 | 76,012,000 | 82,585,000 | 77,314,000 | 72,438,000 | 79,549,000 | -204,596,210 | 76,258,000 | 68,204,000 |
| interest expense | |||||||||||||||||||||
| deposits | 131,375,000 | 123,941,000 | 144,009,000 | 165,675,000 | 179,651,000 | 171,022,000 | 172,061,000 | 162,906,000 | 137,801,000 | 104,442,000 | 81,062,000 | 45,002,000 | 14,768,000 | 8,813,000 | 8,492,000 | 6,981,000 | 6,683,000 | 6,100,000 | -45,079,762 | 9,104,000 | 15,398,000 |
| short-term borrowings | 36,981,000 | 33,364,000 | |||||||||||||||||||
| long-term borrowings | 7,324,000 | 7,703,000 | |||||||||||||||||||
| total interest expense | 175,680,000 | 165,008,000 | 186,722,000 | 206,107,000 | 200,154,000 | 187,117,000 | 187,434,000 | 179,240,000 | 152,452,000 | 110,601,000 | 86,029,000 | 48,727,000 | 17,239,000 | 10,287,000 | 9,842,000 | 8,433,000 | 8,031,000 | 7,586,000 | -49,911,356 | 10,936,000 | 16,970,000 |
| net interest income | 128,719,000 | 122,196,000 | 134,624,000 | 132,821,000 | 128,119,000 | 127,056,000 | 124,325,000 | 117,436,000 | 105,617,000 | 100,693,000 | 95,410,000 | 85,385,000 | 72,031,000 | 65,725,000 | 72,743,000 | 68,881,000 | 64,407,000 | 71,963,000 | -154,684,854 | 65,322,000 | 51,234,000 |
| benefit from credit losses | 53,027,000 | 7,727,000 | 2,689,000 | 6,898,000 | 9,965,000 | 4,726,000 | 6,747,000 | 4,014,000 | 22,603,000 | 6,867,000 | 6,407,000 | 2,225,000 | 2,451,000 | ||||||||
| net interest income after benefit from credit losses | 75,692,000 | 114,469,000 | 131,935,000 | 125,923,000 | 118,154,000 | 122,330,000 | 117,578,000 | 113,422,000 | 83,014,000 | 93,826,000 | 89,003,000 | 83,160,000 | 65,819,000 | 63,274,000 | |||||||
| noninterest income | |||||||||||||||||||||
| gain on sale of loans | 23,342,000 | 11,619,000 | 25,020,000 | 16,731,000 | 11,168,000 | 9,356,000 | 19,342,000 | 10,758,000 | 11,350,000 | 6,733,000 | 11,267,000 | 13,354,000 | 21,564,000 | 17,965,000 | 28,430,000 | 29,013,000 | 25,122,000 | 28,620,000 | -67,651,422 | 29,498,000 | 17,084,000 |
| loan servicing fees | 6,138,000 | 4,010,000 | 14,953,000 | -1,509,000 | 10,827,000 | 19,402,000 | -2,162,000 | 17,384,000 | 8,616,000 | 2,360,000 | 2,691,000 | 8,169,000 | 9,607,000 | 9,731,000 | 1,382,000 | 5,313,000 | 1,727,000 | 7,951,000 | 4,868,199 | -643,000 | 1,597,000 |
| mortgage warehouse fees | 2,039,000 | 1,513,000 | 1,413,000 | 1,620,000 | 1,524,000 | 982,000 | 1,950,000 | 1,858,000 | 2,865,000 | 1,028,000 | 1,081,000 | 1,105,000 | 1,350,000 | 1,858,000 | 2,469,000 | 2,732,000 | 3,079,000 | 4,116,000 | -15,033,020 | 6,833,000 | 5,475,000 |
| losses on sale of investments available for sale | |||||||||||||||||||||
| syndication and asset management fees | 9,707,000 | 3,389,000 | 9,323,000 | 1,834,000 | 3,233,000 | 5,303,000 | 4,879,000 | 2,368,000 | 3,896,000 | 1,212,000 | 4,207,000 | 3,073,000 | 1,599,000 | ||||||||
| other income | 9,254,000 | 3,162,000 | 8,436,000 | -1,934,000 | 4,599,000 | 5,939,000 | 10,445,000 | 3,700,000 | 3,155,000 | 2,931,000 | 3,736,000 | 3,485,000 | 5,051,000 | 4,524,000 | 1,392,000 | 3,213,000 | 2,927,000 | 3,249,000 | -6,362,725 | 2,528,000 | 2,032,000 |
| total noninterest income | 50,480,000 | 23,693,000 | 59,145,000 | 16,742,000 | 31,351,000 | 40,874,000 | 34,454,000 | 36,068,000 | 29,882,000 | 14,264,000 | 22,982,000 | 29,186,000 | 39,171,000 | 34,597,000 | 40,271,000 | 40,271,000 | 32,855,000 | 43,936,000 | -84,619,527 | 38,657,000 | 26,188,000 |
| noninterest expense | |||||||||||||||||||||
| salaries and employee benefits | 43,566,000 | 36,419,000 | 37,536,000 | 35,218,000 | 28,373,000 | 29,596,000 | 33,259,000 | 27,052,000 | 25,724,000 | 22,146,000 | 22,290,000 | 23,027,000 | 22,475,000 | 21,293,000 | 25,387,000 | 20,197,000 | 18,869,000 | 21,274,000 | -42,575,800 | 16,567,000 | 11,828,000 |
| loan expense | 1,142,000 | 798,000 | 704,000 | 1,114,000 | |||||||||||||||||
| occupancy and equipment | 2,494,000 | 2,351,000 | 2,284,000 | 2,231,000 | 2,239,000 | 2,237,000 | 2,336,000 | 2,196,000 | 2,456,000 | 2,232,000 | 2,377,000 | 1,967,000 | 2,011,000 | 1,814,000 | 2,069,000 | 1,861,000 | 1,808,000 | 1,627,000 | -4,289,267 | 1,420,000 | 1,383,000 |
| professional fees | 3,159,000 | 2,894,000 | 5,135,000 | 3,439,000 | 3,556,000 | 4,099,000 | 4,157,000 | 2,555,000 | 3,723,000 | 2,269,000 | 3,739,000 | 2,429,000 | 1,594,000 | 1,303,000 | 3,325,000 | 901,000 | 779,000 | 422,000 | -2,003,336 | 712,000 | 726,000 |
| deposit insurance expense | 7,152,000 | 7,228,000 | 6,473,000 | 8,981,000 | 5,579,000 | 5,125,000 | 4,030,000 | 3,568,000 | 3,806,000 | 2,178,000 | 1,279,000 | 755,000 | 670,000 | 759,000 | 705,000 | 664,000 | 651,000 | 671,000 | -5,035,200 | 1,404,000 | 1,851,000 |
| technology expense | 2,446,000 | 2,374,000 | 2,038,000 | 2,068,000 | 1,859,000 | 1,854,000 | 1,758,000 | 1,609,000 | 1,571,000 | 1,577,000 | 1,417,000 | 1,325,000 | 1,304,000 | 1,236,000 | 1,123,000 | 1,169,000 | 971,000 | 937,000 | -2,225,939 | 903,000 | 716,000 |
| credit risk transfer premium expense | 4,767,000 | 3,862,000 | |||||||||||||||||||
| total noninterest expense | 77,337,000 | 61,664,000 | 63,202,000 | 61,318,000 | 50,380,000 | 48,912,000 | 52,579,000 | 42,930,000 | 44,320,000 | 34,772,000 | 37,109,000 | 34,951,000 | 32,957,000 | 31,033,000 | 37,646,000 | 29,472,000 | 28,183,000 | 30,084,000 | -68,862,576 | 26,384,000 | 20,282,000 |
| income before income taxes | 48,835,000 | 76,498,000 | 127,878,000 | 81,347,000 | 99,125,000 | 114,292,000 | 99,453,000 | 106,560,000 | 68,576,000 | 73,318,000 | 74,876,000 | 77,395,000 | 72,033,000 | 66,838,000 | 72,783,000 | 78,601,000 | 69,394,000 | 84,152,000 | -162,729,643 | 74,614,000 | 55,395,000 |
| benefit from income taxes | 10,854,000 | 18,259,000 | 32,212,000 | 20,074,000 | 22,732,000 | 27,238,000 | 21,980,000 | 25,056,000 | 3,274,000 | 18,363,000 | 17,720,000 | 18,907,000 | 18,098,000 | 16,696,000 | 17,582,000 | 20,098,000 | 17,977,000 | 22,169,000 | -42,163,176 | 19,612,000 | 14,233,000 |
| net income | 37,981,000 | 58,239,000 | 95,666,000 | 61,273,000 | 76,393,000 | 87,054,000 | 77,473,000 | 81,504,000 | 65,302,000 | 54,955,000 | 57,156,000 | 58,488,000 | 53,935,000 | 50,142,000 | 55,201,000 | 58,503,000 | 51,417,000 | 61,983,000 | -120,566,467 | 55,002,000 | 41,162,000 |
| yoy | -50.28% | -33.10% | 23.48% | -24.82% | 16.98% | 58.41% | 35.55% | 39.35% | 21.08% | 9.60% | 3.54% | -0.03% | 4.90% | -19.10% | -145.78% | 6.37% | 24.91% | ||||
| qoq | -34.78% | -39.12% | 56.13% | -19.79% | -12.25% | 12.37% | -4.95% | 24.81% | 18.83% | -3.85% | -2.28% | 8.44% | 7.56% | -9.16% | -5.64% | 13.78% | -17.05% | -151.41% | -319.20% | 33.62% | |
| net income margin % | |||||||||||||||||||||
| dividends on preferred stock | -10,266,000 | -10,265,000 | -10,728,000 | -7,757,000 | -7,757,000 | -8,667,000 | -8,667,000 | -8,668,000 | -8,668,000 | -8,667,000 | -8,797,000 | -5,729,000 | -5,729,000 | -5,728,000 | -5,728,000 | -5,729,000 | -5,659,000 | -3,757,000 | 10,840,527 | -3,618,000 | -3,619,000 |
| impact of preferred stock redemption | -5,371,000 | -1,823,000 | |||||||||||||||||||
| net income allocated to common shareholders | 27,715,000 | 42,603,000 | 78,387,000 | 68,806,000 | 72,836,000 | 56,634,000 | 46,288,000 | 48,359,000 | 52,759,000 | 48,206,000 | 44,414,000 | 49,473,000 | 52,774,000 | 45,758,000 | 58,226,000 | -109,725,940 | 51,384,000 | 37,543,000 | |||
| basic earnings per share | 0.6 | 0.93 | 1.86 | 1.17 | 1.5 | 1.81 | 1.59 | 1.68 | 1.31 | 1.07 | 1.12 | 1.22 | 1.12 | 1.03 | -0.67 | 1.83 | 1.59 | 2.02 | 1.96 | 1.79 | 1.31 |
| diluted earnings per share | 0.6 | 0.93 | 1.85 | 1.17 | 1.49 | 1.8 | 1.58 | 1.68 | 1.31 | 1.07 | 1.11 | 1.22 | 1.11 | 1.02 | -0.67 | 1.83 | 1.58 | 2.02 | 1.95 | 1.79 | 1.31 |
| weighted-average shares outstanding | |||||||||||||||||||||
| basic | 45,883,644 | 45,824,022 | 44,855,100 | 45,759,667 | 44,569,345 | 43,305,985 | 43,224,042 | 43,238,724 | 43,235,398 | 43,179,604 | 43,164,477 | 43,107,975 | 43,209,824 | 43,190,066 | 43,172,078 | 28,784,197 | 28,782,813 | 28,772,092 | 28,742,494 | 28,745,614 | 28,743,894 |
| diluted | 45,929,563 | 45,914,083 | 45,004,786 | 45,910,052 | 44,698,324 | 43,466,647 | 43,345,799 | 43,351,208 | 43,309,393 | 43,290,779 | 43,316,904 | 43,258,925 | 43,335,211 | 43,360,034 | 43,325,303 | 28,876,503 | 28,874,325 | 28,850,414 | 28,778,075 | 28,778,462 | 28,762,349 |
| borrowed funds | 19,257,500 | 40,432,000 | 20,503,000 | 16,095,000 | 15,373,000 | 16,334,000 | 14,651,000 | 6,159,000 | 4,967,000 | 3,725,000 | 2,471,000 | 1,474,000 | 1,350,000 | 1,452,000 | 1,348,000 | 1,486,000 | -4,831,594 | 1,832,000 | 1,572,000 | ||
| loss on sale of investments available for sale | -27,000 | -108,000 | |||||||||||||||||||
| net income available to common shareholders | 49,679,000 | 53,516,000 | 66,813,000 | ||||||||||||||||||
| federal home loan bank stock | 1,277,000 | 844,000 | 735,000 | 572,000 | 471,000 | 427,000 | 288,000 | 379,000 | 284,000 | 269,000 | 177,000 | 190,000 | 392,000 | 384,000 | -1,215,442 | 531,000 | 447,000 | ||||
| loan expenses | 993,000 | 956,000 | 660,000 | 1,038,000 | 907,000 | 804,000 | 1,082,000 | 1,226,000 | 1,184,000 | 1,211,000 | 1,479,000 | 1,734,000 | 1,921,000 | 2,523,000 | -6,137,915 | 2,944,000 | 2,039,000 | ||||
| available for sale - taxable | 7,609,000 | 6,182,000 | 5,564,000 | 2,266,000 | 704,000 | 485,000 | 917,000 | 701,000 | 1,007,000 | 1,115,000 | 833,000 | 354,000 | -2,721,853 | 431,000 | 972,000 | ||||||
| available for sale - tax exempt | 9,000 | 12,000 | 9,000 | 11,000 | -111,877 | 37,000 | 38,000 | ||||||||||||||
| provision (credit) for credit losses | 6,212,000 | ||||||||||||||||||||
| low-income housing tax credit syndication fees | 519,000 | ||||||||||||||||||||
| benefit from loan losses | 2,585,000 | 1,079,000 | 1,663,000 | -7,712,162 | 2,981,000 | 1,745,000 | |||||||||||||||
| net interest income after benefit from loan losses | 70,158,000 | 67,802,000 | 64,722,000 | 70,300,000 | -146,972,692 | 62,341,000 | 49,489,000 | ||||||||||||||
| gains on sale of investments available for sale | -440,559 | 441,000 | |||||||||||||||||||
| provision (credit) for loan losses | -315,000 | ||||||||||||||||||||
| gains/ |
We provide you with 20 years income statements for Merchants Bancorp stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Merchants Bancorp stock. Explore the full financial landscape of Merchants Bancorp stock with our expertly curated income statements.
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