← Merchants Bancorp
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total interest income | $94.4m |
$140.6m
+48.92%
|
$212.0m
+50.82%
|
$282.8m
+33.39%
|
$311.9m
+10.29%
|
$480.8m
+54.17%
|
$1.1b
+124.15%
|
$1.3b
+20.87%
|
$1.2b
-7.82%
|
— | |
| Total noninterest income | $47.7m | $49.6m | $47.1m | $127.5m | $157.3m | $125.9m | $114.7m | $148.1m | $164.4m | — | |
| Net Interest Income | $66.6m |
$90.0m
+35.10%
|
$122.3m
+35.93%
|
$224.1m
+83.28%
|
$278.0m
+24.02%
|
$318.6m
+14.59%
|
$448.1m
+40.66%
|
$522.6m
+16.64%
|
$517.1m
-1.06%
|
$531.3m
+2.76%
|
|
| Salaries and employee benefits | $21.5m | $32.2m | $38.1m | $59.2m | $85.7m | $89.1m | $108.2m | $130.7m | $166.5m | — | |
| Total noninterest expense | $34.6m | $50.9m | $63.3m | $96.4m | $125.4m | $136.1m | $174.6m | $223.8m | $299.9m | — | |
| Total interest expense | $27.8m | $50.6m | $89.7m | $58.6m | $33.9m | $162.3m | $629.7m | $780.1m | $683.8m | — | |
| Net Interest Income After Provision for Credit Losses | $64.1m |
$85.3m
+33.09%
|
$118.4m
+38.69%
|
$212.3m
+79.38%
|
$273.0m
+28.58%
|
$301.3m
+10.36%
|
$407.8m
+35.38%
|
$498.3m
+22.19%
|
$399.3m
-19.87%
|
$531.3m
+33.06%
|
|
| Gain on sale of loans | $37.8m | $39.3m | $35.4m | $96.6m | $111.2m | $64.2m | $48.2m | $62.3m | $85.4m | $77.1m | |
| Other income | $1.0m | $2.0m | $5.2m | $11.3m | $10.8m | $16.7m | $20.2m | $17.0m | $25.9m | — | |
| Other expense | $3.9m | $6.1m | $8.4m | $9.9m | $12.3m | $16.3m | $21.0m | $23.8m | $42.8m | — | |
| Income Before Income Taxes | $77.2m | $84.0m | $102.1m | $243.4m | $304.9m | $291.1m | $347.9m | $422.6m | $263.8m | $322.6m | |
| Provision for income taxes (includes $0, $26 and $0 of income tax benefit related to accumulated other comprehensive loss reclassifications) | $22.5m | $21.2m | $24.8m | $62.8m | $77.8m | $71.4m | $68.7m | $102.3m | $45.0m | — | |
| Net Income | $54.7m |
$62.9m
+14.98%
|
$77.3m
+22.99%
|
$180.5m
+133.46%
|
$227.1m
+25.80%
|
$219.7m
-3.25%
|
$279.2m
+27.09%
|
$320.4m
+14.74%
|
$218.8m
-31.72%
|
$228.7m
+4.56%
|
|
| Net Income Allocated to Common Shareholders | $51.4m | $59.5m | $68.1m | $166.1m | $206.2m | $193.7m | $244.6m | $283.7m | $173.6m | $228.7m | |
| Basic Earnings Per Share (in dollars per share) | $2.28 | $2.08 | $2.37 | $5.78 | $4.78 | $4.49 | $5.66 | $6.32 | $3.78 | $4.98 | |
| Diluted Earnings Per Share (in dollars per share) | $2.28 | $2.07 | $2.37 | $5.77 | $4.76 | $4.47 | $5.64 | $6.30 | $3.78 | $4.98 | |
| Basic (in shares) | $22.6m | $28.7m | $28.7m | $28.7m | $43.2m | $43.2m | $43.2m | $44.9m | $45.9m | $45.9m | |
| Diluted (in shares) | $22.6m | $28.7m | $28.7m | $28.8m | $43.3m | $43.3m | $43.3m | $45.0m | $45.9m | $46.0m | |
| Loans | $79.9m | $119.5m | $186.4m | $263.9m | $293.8m | $452.0m | $959.7m | $1.1b | $1.0b | — | |
| Mortgage loans in process of securitization | $5.2m | $5.0m | $6.7m | $11.1m | $12.7m | $8.4m | $12.7m | $14.5m | $21.1m | — | |
| Available for sale | $4.5m | $6.4m | — | $3.1m | $3.3m | $2.8m | $21.6m | $57.5m | $47.5m | — | |
| Held to maturity | — | — | — | — | — | $12.4m | $70.0m | $90.1m | $93.1m | — | |
| FHLB stock and other equity securities (dividends) | — | — | — | — | — | $1.2m | $2.2m | $9.4m | $18.0m | — | |
| Other | $4.4m | $9.3m | $11.5m | $2.9m | $817k | $4.0m | $11.6m | $17.9m | $14.0m | — | |
| Deposits | $20.0m | $42.2m | $84.7m | $52.2m | $28.3m | $149.6m | $577.2m | $660.4m | $521.3m | — | |
| Short-term borrowings | — | — | — | — | — | $8.3m | $23.7m | $84.7m | $130.6m | — | |
| Long-term borrowings | — | — | — | — | — | $4.3m | $28.8m | $35.0m | $31.9m | — | |
| Provision for credit losses | — | — | — | $11.8m | $5.0m | $17.3m | $40.2m | $24.3m | $117.8m | — | |
| Loan servicing fees, net | $6.3m | $5.7m | ($1.1m) | ($1.8m) | $16.4m | $30.2m | $26.2m | $43.7m | $22.4m | — | |
| Mortgage warehouse fees | $2.6m | $2.5m | $7.1m | $21.0m | $12.4m | $5.4m | $7.7m | $5.5m | $7.1m | — | |
| Losses on sale of investments available for sale (includes $0, $(108) and $0 related to accumulated other comprehensive loss reclassifications) | — | $0 | $476k | $441k | $191k | — | — | ($108k) | — | — | |
| Syndication and asset management fees | — | — | — | $1.2m | $6.5m | $9.5m | $12.4m | $19.7m | $23.6m | — | |
| Loan expense | $4.1m | $4.6m | $4.5m | $9.1m | $7.7m | $4.7m | $3.4m | $3.8m | $4.2m | — | |
| Occupancy and equipment | $1.6m | $2.8m | $4.6m | $5.7m | $7.4m | $8.2m | $9.2m | $9.0m | $10.7m | $12.4m | |
| Professional fees | $1.5m | $2.6m | $2.3m | $3.7m | $5.4m | $9.1m | $12.7m | $16.2m | $12.9m | — | |
| Deposit insurance expense | $930k | $1.0m | $2.7m | $5.8m | $2.7m | $3.5m | $13.6m | $26.2m | $31.8m | — | |
| Technology expense | $1.2m | $1.5m | $2.6m | $3.1m | $4.2m | $5.3m | $6.5m | $7.8m | $10.0m | — | |
| Credit risk transfer premium expense | — | — | — | — | — | — | — | $6.3m | $21.0m | — | |
| Dividends on preferred stock | ($3.3m) | ($3.3m) | ($9.2m) | ($14.5m) | ($20.9m) | ($26.0m) | ($34.7m) | ($34.9m) | ($41.1m) | — | |
| Preferred stock redemption | — | — | — | — | — | — | — | ($1.8m) | ($4.2m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.