Merchants Bancorp (MBIN)

Merchants Bancorp Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	253.16	320.39	279.23	219.72	227.1	180.53
Depreciation & Amortization	12.98	12.92	10.47	13.47	18.88	9.73
Gain (Loss) on Sale of Investments	-	0.11	-	-	-0.19	-0.44
Provision for Credit Losses	70.34	24.28	40.23	17.3	5.01	11.84
Net Decrease (Increase) in Loans Originated / Sold - Operating	-430.67	-698.24	-576.8	430.11	49.56	-904.48
Change in Other Net Operating Assets	-240.13	-351.37	-0.07	398.56	-233.3	-80.64
Other Operating Activities	-64.72	-81.08	-61.29	-39.23	-5.1	5.14
Operating Cash Flow	-475.74	-835.28	-356.4	975.77	-49.22	-874.89
Capital Expenditures	-22.16	-18.39	-7.53	-6.76	-3.65	-3.62
Investment in Securities	281.72	145.75	-904.54	-1,157	-55.11	26.73
Divestitures	-	-170.59	-	-	-0.46	-
Purchase / Sale of Intangibles	-0.07	-	-	-2.06	0.44	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	-36.61	-702.06	-2,341	-1,692	-456.95	-2,505
Other Investing Activities	-112.21	-128.99	-7.51	-5.15	41.47	-50.3
Investing Cash Flow	110.67	-874.28	-3,260	-2,863	-474.26	-2,532
Long-Term Debt Issued	-	166,324	95,789	65,782	31,473	61,091
Total Debt Issued	260,544	166,324	95,789	65,782	31,473	61,091
Long-Term Debt Repaid	-	-162,903	-95,756	-65,885	-31,788	-59,924
Total Debt Repaid	-257,694	-162,903	-95,756	-65,885	-31,788	-59,924
Net Debt Issued (Repaid)	2,849	3,421	33.13	-103.56	-314.3	1,167
Issuance of Common Stock	-	97.66	-	-	-	-
Repurchase of Common Stock	-	-	-	-3.94	-	-
Preferred Stock Issued	222.75	222.75	-	137.46	191.08	-
Preferred Share Repurchases	-125	-177.04	-	-	-41.63	-
Common Dividends Paid	-17.41	-16.26	-13.84	-12.08	-10.36	-9.2
Preferred Dividends Paid	-39.02	-34.91	-34.67	-25.98	-20.87	-14.47
Total Dividends Paid	-56.43	-51.17	-48.51	-38.07	-31.24	-23.67
Net Increase (Decrease) in Deposit Accounts	-2,419	-1,912	3,990	1,089	1,572	1,930
Other Financing Activities	-	-	-	-	-	7
Financing Cash Flow	471.35	1,602	3,975	1,081	1,376	3,080
Net Cash Flow	106.28	-107.81	358.26	-806.45	852.89	-326.98
Free Cash Flow	-497.9	-853.67	-363.93	969.01	-52.86	-878.51
Free Cash Flow Margin	-83.25%	-132.05%	-69.65%	226.83%	-12.28%	-258.55%
Free Cash Flow Per Share	-10.84	-18.97	-8.40	22.37	-1.22	-20.35
Cash Interest Paid	762.52	789.05	609.69	140.37	33.9	69.11
Cash Income Tax Paid	74.63	79.58	67.39	66.51	78.76	57.32

Updated May 9, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q