MBINO
Income statement / Annual
Last year (2024), Merchants Bancorp's total revenue was $1.45 B,
an increase of 21.70% from the previous year.
In 2024, Merchants Bancorp's net income was $320.39 M.
See Merchants Bancorp,s key income statements, including revenue, expenses, profit, and income.
Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
Operating Revenue |
$1.45 B |
$1.19 B |
$602.07 M |
$461.56 M |
$401.18 M |
$254.55 M |
$185.53 M |
$137.97 M |
$97.19 M |
$80.62 M |
Cost of Revenue |
$804.38 M
|
$669.96 M
|
$179.58 M
|
$38.90 M
|
$70.48 M
|
$93.64 M
|
$55.22 M
|
$30.26 M
|
$19.93 M
|
$15.25 M
|
Gross Profit |
$642.69 M
|
$519.10 M
|
$422.49 M
|
$422.66 M
|
$330.70 M
|
$160.91 M
|
$130.31 M
|
$107.71 M
|
$77.26 M
|
$65.37 M
|
Gross Profit Ratio |
0.44
|
0.44
|
0.7
|
0.92
|
0.82
|
0.63
|
0.7
|
0.78
|
0.79
|
0.81
|
Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
General & Administrative Expenses |
$156.88 M
|
$121.76 M
|
$92.55 M
|
$88.42 M
|
$65.00 M
|
$40.84 M
|
$33.26 M
|
$22.40 M
|
$15.46 M
|
$13.04 M
|
Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
Selling, General & Administrative Expenses |
$156.88 M
|
$121.76 M
|
$92.55 M
|
$88.42 M
|
$65.00 M
|
$40.84 M
|
$33.26 M
|
$22.40 M
|
$15.46 M
|
$13.04 M
|
Other Expenses |
$63.16 M
|
$49.43 M
|
$38.80 M
|
$29.31 M
|
$22.34 M
|
$17.94 M
|
$13.02 M
|
$8.15 M
|
$7.01 M
|
$5.15 M
|
Operating Expenses |
$220.05 M
|
$171.19 M
|
$131.35 M
|
$117.73 M
|
$87.34 M
|
$58.78 M
|
$46.28 M
|
$30.55 M
|
$22.47 M
|
$18.19 M
|
Cost And Expenses |
$1.02 B
|
$841.15 M
|
$310.92 M
|
$156.63 M
|
$157.82 M
|
$152.42 M
|
$101.50 M
|
$60.81 M
|
$42.40 M
|
$33.44 M
|
Interest Income |
$1.30 B
|
$1.08 B
|
$480.83 M
|
$311.89 M
|
$282.79 M
|
$212.00 M
|
$140.56 M
|
$94.39 M
|
$72.94 M
|
$56.35 M
|
Interest Expense |
$780.10 M
|
$629.73 M
|
$162.28 M
|
$33.89 M
|
$58.64 M
|
$89.70 M
|
$50.59 M
|
$27.79 M
|
$18.97 M
|
$14.29 M
|
Depreciation & Amortization |
$3.01 M
|
$2.85 M
|
$2.49 M
|
$2.19 M
|
$1.90 M
|
$852.00 K
|
$461.00 K
|
$296.00 K
|
$278.00 K
|
$301.00 K
|
EBITDA |
$425.66 M |
$350.76 M |
$293.63 M |
$307.12 M |
$245.25 M |
$102.99 M |
$84.49 M |
$77.46 M |
$55.07 M |
$47.48 M |
EBITDA Ratio |
0.29
|
0.29
|
0.49
|
0.67
|
0.61
|
0.4
|
0.46
|
0.56
|
0.57
|
0.59
|
Operating Income Ratio |
0.29
|
0.29
|
0.48
|
0.67
|
0.61
|
0.4
|
0.45
|
0.56
|
0.56
|
0.59
|
Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
Income Before Tax |
$422.64 M
|
$347.91 M
|
$291.14 M
|
$304.93 M
|
$243.36 M
|
$102.13 M
|
$84.03 M
|
$77.16 M
|
$54.80 M
|
$47.18 M
|
Income Before Tax Ratio |
0.29
|
0.29
|
0.48
|
0.66
|
0.61
|
0.4
|
0.45
|
0.56
|
0.56
|
0.59
|
Income Tax Expense |
$102.26 M
|
$68.67 M
|
$71.42 M
|
$77.83 M
|
$62.82 M
|
$24.81 M
|
$21.15 M
|
$22.48 M
|
$21.67 M
|
$18.80 M
|
Net Income |
$320.39 M
|
$279.23 M
|
$219.72 M
|
$227.10 M
|
$180.53 M
|
$77.33 M
|
$62.87 M
|
$54.68 M
|
$33.13 M
|
$28.38 M
|
Net Income Ratio |
0.22
|
0.23
|
0.36
|
0.49
|
0.45
|
0.3
|
0.34
|
0.4
|
0.34
|
0.35
|
EPS |
6.32 |
5.66 |
4.49 |
4.78 |
3.85 |
1.58 |
1.39 |
1.52 |
0.98 |
0.9 |
EPS Diluted |
6.3 |
5.64 |
4.47 |
4.76 |
3.85 |
1.58 |
1.38 |
1.52 |
0.98 |
0.9 |
Weighted Average Shares Out |
$44.86 M
|
$43.22 M
|
$43.16 M
|
$43.17 M
|
$43.11 M
|
$43.06 M
|
$43.04 M
|
$33.83 M
|
$31.67 M
|
$31.61 M
|
Weighted Average Shares Out Diluted |
$45.01 M
|
$43.35 M
|
$43.32 M
|
$43.33 M
|
$43.17 M
|
$43.12 M
|
$43.09 M
|
$33.85 M
|
$31.76 M
|
$31.61 M
|
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