Merchants Bancorp

MBIN

MBINMerchants Bancorp US flag

NASDAQ Capital Market

48.97

USD

+0.06

- -

2.25BMarket Cap

Income Statement (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	66	78	110	135	165	343	428	440	559	667	677
+ Sales & Services Revenue	66	78	110	135	165	343	428	440	559	667	677
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	13	15	22	33	41	65	88	93	122	157	198
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-13	-15	-22	-33	-41	-65	-88	-93	-122	-157	-198
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-47	-55	-77	-84	-102	-243	-305	-291	-348	-423	-264
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-47	-55	-77	-84	-102	-243	-305	-291	-348	-423	-264
Pretax Income	47	55	77	84	102	243	305	291	348	423	264
- Income Tax Expense (Benefit)	19	22	22	21	25	63	78	71	69	102	45
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	28	33	55	63	77	181	227	220	279	320	219
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	28	33	55	63	77	181	227	220	279	320	219
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	28	33	55	63	77	181	227	220	279	320	219
- Preferred Dividends	- -	2	3	3	9	14	21	26	35	35	41
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	28	31	51	60	68	166	206	194	245	285	178
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	1	2	2	2	3	3	3
EBITDA Margin (%)	0.45	0.36	0.27	0.34	0.52	0.55	0.51	0.57	0.51	0.45	0.51
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	42.79	42.35	49.63	46.6	46.91	52.71	53.1	49.96	49.92	48.04	32.3
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.13	0.2	0.24	0.24	0.4	0.55	0.72	0.88	1.12	1.14	1.3
Depreciation Expense	- -	- -	- -	- -	1	2	2	2	3	3	3
Basic Weighted Avg Shares	32	32	34	43	43	43	43	43	43	45	46
Basic EPS, GAAP	0.9	0.98	1.52	1.38	1.58	3.85	4.78	4.49	5.66	6.36	3.87
Basic EPS from Cont Ops	0.9	1.05	1.62	1.46	1.8	4.19	5.26	5.09	6.46	7.14	4.77
Diluted Weighted Avg Shares	32	32	34	43	43	43	43	43	43	45	46
Diluted EPS, GAAP	0.9	0.98	1.52	1.38	1.58	3.85	4.76	4.47	5.64	6.34	3.87
Diluted EPS from Cont Ops	0.9	1.05	1.62	1.46	1.79	4.18	5.24	5.07	6.44	7.12	4.76

Balance Sheet (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	701	772	768	668	797	450	1,343	550	1,698	1,457	872
+ Cash & Cash Equivalents	447	446	360	337	507	180	1,033	226	584	477	212
+ ST Investments	254	326	408	331	290	270	311	323	1,114	980	660
+ Accounts & Notes Receiv	5	5	8	14	18	22	24	56	91	83	82
+ Accounts Receivable, Net	5	5	8	14	18	22	24	56	91	83	82
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-706	-777	-776	-681	-815	-471	-1,367	-606	-1,789	-1,540	-954
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	4	5	5	15	29	30	31	35	42	59	74
+ Property, Plant & Equip	7	7	8	18	32	35	38	44	54	72	90
- Accumulated Depreciation	3	3	3	3	3	5	7	9	11	13	16
+ LT Investments & Receivables	362	464	549	494	560	609	880	1,597	2,429	3,073	3,029
+ LT Investments	362	464	549	494	560	609	880	1,597	2,429	3,073	3,029
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-366	-468	-555	-510	-589	-638	-911	-1,632	-2,471	-3,132	-3,103
+ Total Intangible Assets	56	54	71	99	94	101	128	163	175	198	226
+ Goodwill	1	1	4	17	16	16	16	16	16	8	8
+ Other Intangible Assets	56	54	68	81	78	85	112	147	159	190	218
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-422	-523	-626	-608	-683	-739	-1,039	-1,795	-2,646	-3,330	-3,328
Total Assets	2,269	2,719	3,393	3,884	6,372	9,645	11,279	12,615	16,953	18,806	19,449
+ Payables & Accruals	2	2	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Payable	2	2	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	25	25	25	33	7	- -	300	30	- -	- -	- -
+ ST Borrowings	25	25	25	33	7	- -	300	30	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-27	-27	-25	-33	-7	- -	-300	-30	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-27	-27	-25	-33	-7	- -	-300	-30	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	32	32	32	162	175	1,236	874	910	964	4,336	3,843
+ LT Borrowings	32	32	32	162	175	1,236	874	910	964	4,336	3,843
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-32	-32	-32	-162	-175	-1,236	-874	-910	-964	-4,336	-3,843
+ Accrued Liabilities	18	17	12	15	17	20	19	20	20	25	34
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-51	-49	-44	-178	-192	-1,256	-893	-930	-984	-4,361	-3,876
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	2,121	2,512	3,026	3,463	5,718	8,835	10,123	11,155	15,251	16,562	17,168
+ Preferred Equity and Hybrid Capital	10	42	42	42	213	213	362	500	500	672	551
+ Share Capital & APIC	20	20	135	135	136	136	138	138	140	240	243
+ Common Stock	20	20	135	135	136	136	138	138	140	240	243
+ Additional Paid in Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	118	145	192	245	305	462	657	833	1,064	1,331	1,486
+ Other Equity	- -	-1	-1	- -	- -	- -	-1	-11	-2	- -	- -
Equity Before Minority Interest	148	206	367	421	654	811	1,155	1,460	1,701	2,243	2,281
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	148	206	367	421	654	811	1,155	1,460	1,701	2,243	2,281
Total Liabilities & Equity	2,269	2,719	3,393	3,884	6,372	9,645	11,279	12,615	16,953	18,806	19,449
Shares Outstanding	41	41	43	43	43	43	43	43	43	46	46
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-389	-389	-303	-141	-325	1,056	141	714	380	3,860	3,630
Net Debt to Equity	-262.69	-188.42	-82.43	-33.49	-49.76	130.31	12.23	48.93	22.32	172.05	159.17
Tangible Common Equity Ratio	3.71	4.15	7.66	7.42	5.53	5.21	5.97	6.4	6.12	7.38	7.82
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	28	33	55	63	77	181	227	220	279	320	219
+ Depreciation & Amortization	- -	- -	- -	- -	1	2	2	2	3	3	3
+ Non-Cash Items	116	-141	-238	169	-1,249	-974	-45	355	-638	-807	-343
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	-1	-2	2	-1	-1	5	5	-2	5	8
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	116	-140	-236	167	-1,248	-974	-51	350	-636	-812	-351
+ Chg in Non-Cash Work Cap	-27	-42	7	-28	-86	-83	-233	399	- -	-351	-221
+ (Inc) Dec in Accts Receiv	- -	-16	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	4	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	-27	-30	7	-28	-86	-83	-233	399	- -	-351	-221
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	118	-150	-176	204	-1,257	-875	-49	976	-356	-835	-341
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-3	-2	-16	-14	-4	-4	-9	-8	-18	-35
+ Acq of Fixed Prod Assets	- -	-1	-1	-9	-14	-4	-4	-7	-8	-18	-21
+ Acq of Intangible Assets	-1	-1	-1	-6	- -	- -	- -	-2	- -	- -	-14
+ Cash (Repurchase) of Equity	4	- -	106	- -	- -	- -	- -	-4	- -	98	- -
+ Increase in Capital Stock	4	- -	106	- -	- -	- -	- -	- -	- -	98	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	-4	- -	- -	- -
+ Net Change in LT Investment	-32	-83	-86	144	41	27	-56	-1,159	-905	144	219
+ Dec in LT Investment	329	218	117	195	690	628	177	159	699	1,137	1,252
+ Inc in LT Investment	-361	-302	-202	-51	-649	-601	-232	-1,319	-1,604	-993	-1,033
+ Net Cash From Acq & Div	- -	- -	-2	-14	- -	- -	- -	- -	- -	-171	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-2	-14	- -	- -	- -	- -	- -	-171	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-316	-180	-433	-623	-985	-2,555	-414	-1,695	-2,348	-829	-379
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-349	-265	-523	-509	-958	-2,532	-474	-2,863	-3,260	-874	-196
+ Dividends Paid	-4	-6	-8	-10	-17	-24	-31	-38	-49	-51	-59
+ Net Cash From Debt	10	- -	- -	138	-14	1,167	-314	-104	33	3,421	-547
+ Cash From Debt	299	220	754	1,108	8,924	61,091	31,473	65,782	95,789	166,324	323,575
+ Repayments of Debt	-289	-220	-755	-971	-8,938	-59,924	-31,788	-65,885	-95,756	-162,903	-324,121
+ Other Financing Activities	439	421	515	154	2,416	1,937	1,722	1,226	3,990	-1,866	879
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	448	414	613	282	2,385	3,080	1,376	1,081	3,975	1,602	273
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	217	-1	-86	-23	170	-327	853	-806	358	-108	-264
EBITDA	- -	- -	- -	- -	1	2	2	2	3	3	3
EBITDA Margin (%)	0.45	0.36	0.27	0.34	0.52	0.55	0.51	0.57	0.51	0.45	0.51
Free Cash Flow	117	-152	-178	189	-1,271	-879	-53	967	-364	-854	-377
Net Cash Paid for Acquisitions	- -	- -	2	14	- -	- -	- -	- -	- -	171	- -
Free Cash Flow to Firm	117	-152	-178	189	-1,271	-879	-53	967	-364	-854	-377
Free Cash Flow to Equity	- -	-122	-180	330	-1,123	274	-239	977	-365	2,705	-1,071
Free Cash Flow per Basic Share	3.69	-4.81	-5.26	4.39	-29.52	-20.38	-1.22	22.4	-8.42	-19.03	-8.21
Price/Free Cash Flow	- -	- -	-2.55	2.61	-0.46	-0.91	-30	1.07	-5.29	-2.01	-5.12
Cash Flow to Net Income	4.17	-4.52	-3.22	3.25	-16.26	-4.85	-0.22	4.44	-1.28	-2.61	-1.56
Capital Expenditures	-1	-3	-2	-16	-14	-4	-4	-9	-8	-18	-35