Merchants Bancorp (MBIN)

Merchants Bancorp Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	577.62	522.51	427.19	430.32	339.78	165.45
Revenue Growth (YoY)	32.05%	22.31%	-0.73%	26.64%	105.37%	22.62%
Gross Profit	577.62	522.51	427.19	430.32	339.78	165.45
Selling, General & Admin	124.86	117.4	97.25	93.09	64.93	42.7
Other Operating Expenses	63.89	57.2	38.8	32.29	31.49	20.61
Operating Expenses	188.74	174.6	136.05	125.39	96.42	63.31
Operating Income	388.88	347.91	291.14	304.93	243.36	102.13
Pretax Income	388.88	347.91	291.14	304.93	243.36	102.13
Income Tax	77.55	68.67	71.42	77.83	62.82	24.81
Net Income	311.33	279.23	219.72	227.1	180.53	77.33
Preferred Dividends	34.67	34.67	25.98	20.87	14.47	9.22
Net Income Common	276.66	244.56	193.74	206.23	166.06	68.11
Net Income Growth	41.43%	26.23%	-6.06%	24.19%	143.80%	14.39%
Shares Outstanding (Basic)	43	43	43	43	43	43
Shares Outstanding (Diluted)	43	43	43	43	43	43
Shares Change	0.41%	0.07%	-0.02%	0.37%	0.11%	0.07%
EPS (Basic)	6.39	5.66	4.49	4.78	3.85	1.58
EPS (Diluted)	6.37	5.64	4.47	4.76	3.85	1.58
EPS Growth	41.24%	26.17%	-6.09%	23.64%	143.67%	14.49%
Free Cash Flow	-447.43	-363.93	969.01	-52.86	-878.51	-1,270.99
Free Cash Flow Per Share	-10.33	-8.42	22.45	-1.22	-20.38	-29.52
Dividend Per Share	0.330	0.320	0.280	0.240	0.213	0.187
Dividend Growth	13.79%	14.29%	16.67%	12.68%	13.90%	16.87%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	67.32%	66.58%	68.15%	70.86%	71.62%	61.73%
Profit Margin	47.90%	46.81%	45.35%	47.93%	48.87%	41.17%
Free Cash Flow Margin	-77.46%	-69.65%	226.83%	-12.28%	-258.55%	-768.21%
Effective Tax Rate	19.94%	19.74%	24.53%	25.52%	25.82%	24.29%
EBITDA	391.77	350.76	293.63	307.12	245.25	102.99
EBITDA Margin	67.82%	67.13%	68.73%	71.37%	72.18%	62.25%
Depreciation & Amortization	2.89	2.85	2.49	2.19	1.9	0.85
EBIT	388.88	347.91	291.14	304.93	243.36	102.13
EBIT Margin	67.32%	66.58%	68.15%	70.86%	71.62%	61.73%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).