Merchants Bancorp (MBIN)

Merchants Bancorp Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	212.2	476.61	584.42	226.16	1,033
Securities and Investments	2,636	2,863	2,366	1,482	340.22
Short-Term Interbank Lending and Reverse Repurchase Agreements	1.52	1.56	3.35	3.46	5.89
Other Earning Assets	4,493	4,200	3,255	3,065	3,872
Net Loans	10,951	10,354	10,128	7,427	5,751
Net Property, Plant & Equipment	73.93	58.62	42.34	35.44	31.21
Accrued Interest and Accounts Receivable	81.81	83.41	91.35	56.26	24.1
Other Intangible Assets	217.3	189.94	158.46	147.43	112.06
Goodwill	8.01	8.01	15.85	15.85	15.85
Other Non-Earning Assets	773.38	571.33	307.12	157.45	92.95
Total Assets	19,449	18,806	16,953	12,615	11,279
Interest-bearing deposits	12,437	11,681	13,541	9,744	8,341
Noninterest-bearing deposits	604.08	239.01	520.07	326.88	641.44
Total Deposits	13,041	11,920	14,061	10,071	8,983
Short-Term Interbank Borrowing and Repurchase Agreements	3,843	4,386	964.13	930.39	1,034
Other Liabilities	284.4	256.32	225.85	153.75	106.66
Total Liabilities	17,168	16,562	15,251	11,155	10,123
Preferred Stock	551.29	672.14	499.61	499.61	362.15
Common Stock	243.31	240.31	140.37	137.78	137.57
Accumulated Other Comprehensive Income	-0.03	-0.13	-2.49	-10.52	-1.45
Retained Earnings	1,486	1,331	1,064	832.87	657.15
Shareholders' Equity	2,281	2,243	1,701	1,460	1,155
Total Liabilities & Equity	19,449	18,806	16,953	12,615	11,279
Book Value	2,281	2,243	1,701	1,460	1,155
Book Value Per Share	49.64	49.85	39.24	33.70	26.67
Tangible Book Value	2,055	2,045	1,527	1,296	1,028
Tangible Book Value Per Share	44.74	45.45	35.22	29.93	23.72

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q