Merchants Bancorp (FRA:3KD)

Merchants Bancorp Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	514.24	476.61	584.42	226.16	1,033	179.73
Investment Securities	576.02	566.81	552.67	422.13	344.19	269.1
Trading Asset Securities	470.79	480.79	158.23	160.34	570.72	348.03
Mortgage-Backed Securities	2,265	2,302	1,941	1,134	34.83	22.18
Total Investments	3,312	3,349	2,652	1,717	949.74	639.32
Gross Loans	10,609	10,438	10,200	7,471	5,783	5,535
Allowance for Loan Losses	-93.33	-84.39	-71.75	-44.01	-31.34	-27.5
Net Loans	10,515	10,354	10,128	7,427	5,751	5,508
Property, Plant & Equipment	82.12	66.95	52.4	46.41	31.21	29.76
Goodwill	8.01	8.01	15.85	15.85	15.85	15.85
Other Intangible Assets	-	0.06	0.74	1.19	1.71	2.28
Loans Held for Sale	4,129	3,772	3,145	2,911	3,303	3,070
Accrued Interest Receivable	82.45	83.41	91.35	56.26	24.1	21.77
Other Receivables	-	-	-	-	6.5	-
Restricted Cash	83.8	-	-	-	-	-
Other Current Assets	-	-	-	-	3.9	8.5
Other Long-Term Assets	409.32	477.98	234.55	176.08	128.91	99.44
Total Assets	19,355	18,806	16,953	12,615	11,279	9,645
Interest Bearing Deposits	13,048	10,986	13,130	9,558	7,767	6,296
Institutional Deposits	486.8	694.77	411.2	186.4	574	258.5
Non-Interest Bearing Deposits	399.81	239.01	520.07	326.88	641.44	853.65
Total Deposits	13,935	11,920	14,061	10,071	8,983	7,408
Short-Term Borrowings	9.86	50.49	12.82	74.12	478.29	70.81
Current Portion of Long-Term Debt	-	4,166	-	-	-	-
Current Portion of Leases	2.32	2.32	-	-	-	-
Long-Term Debt	154.79	164.09	192.74	-	-	62.23
Federal Home Loan Bank Debt, Long-Term	2,748	6.27	771.39	859.39	556.95	1,221
Long-Term Leases	5.47	6.98	11.25	11.99	-	-
Long-Term Deferred Tax Liabilities	28.97	25.29	19.92	19.61	19.17	20.41
Other Long-Term Liabilities	245.25	221.25	181.85	119.03	86.2	52.18
Total Liabilities	17,129	16,562	15,251	11,155	10,123	8,835
Preferred Stock, Redeemable	413.83	534.68	362.15	362.15	362.15	212.65
Preferred Stock, Non-Redeemable	137.46	137.46	137.46	137.46	-	-
Total Preferred Equity	551.29	672.14	499.61	499.61	362.15	212.65
Common Stock	242.37	240.31	140.37	137.78	137.57	135.86
Retained Earnings	1,432	1,331	1,064	832.87	657.15	461.74
Comprehensive Income & Other	-0.21	-0.13	-2.49	-10.52	-1.45	0.37
Total Common Equity	1,674	1,571	1,201	960.13	793.26	597.98
Shareholders' Equity	2,225	2,243	1,701	1,460	1,155	810.62
Total Liabilities & Equity	19,355	18,806	16,953	12,615	11,279	9,645
Total Debt	2,920	4,396	988.2	945.5	1,035	1,354
Net Cash (Debt)	-1,934	-3,437	-242.2	-555.53	573.98	-819.77
Net Cash Per Share	-42.10	-76.37	-5.59	-12.82	13.25	-18.99
Filing Date Shares Outstanding	45.89	45.85	43.33	43.23	43.27	43.17
Total Common Shares Outstanding	45.89	45.77	43.24	43.11	43.18	43.12
Book Value Per Share	36.48	34.33	27.78	22.27	18.37	13.87
Tangible Book Value	1,666	1,563	1,185	943.1	775.71	579.85
Tangible Book Value Per Share	36.31	34.15	27.40	21.88	17.96	13.45

Source: S&P Global Market Intelligence. Banks template. Financial Sources.