Merchants Bancorp (MBIN)
NASDAQ: MBIN · Real-Time Price · USD
55.18
-0.33 (-0.59%)
Jul 31, 2026, 4:00 PM EDT - Market closed
Merchants Bancorp Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 228.26 | 218.77 | 320.39 | 279.23 | 219.72 | 227.1 |
Depreciation & Amortization | 4.07 | 3.47 | 3.01 | 2.85 | 2.49 | 2.19 |
Provision for Credit Losses | 125.33 | 117.75 | 24.28 | 40.23 | 17.3 | 5.01 |
Net Change in Loans Held-for-Sale | -1,179 | -431.66 | -1,016 | -533.21 | 845.16 | -180.95 |
Other Adjustments | -130.13 | -220.92 | -133.35 | -101.85 | -92.4 | -99.78 |
Changes in Accrued Interest and Accounts Receivable | -21.07 | -31.67 | -20.78 | -85.18 | -37.26 | -6.62 |
Changes in Accounts Payable | 3.97 | 3.01 | -12.98 | 41.52 | 20.78 | 3.82 |
Changes in Other Operating Activities | 1.02 | - | - | - | - | - |
Operating Cash Flow | -1,087 | -341.25 | -835.28 | -356.4 | 975.77 | -49.22 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements | 0.04 | 0.04 | 1.79 | 0.12 | 2.42 | 0.69 |
Net Change in Loans Held-for-Investment | -782.14 | -378.42 | -702.06 | -2,341 | -1,692 | -456.95 |
Net Change in Securities and Investments | -324.25 | 210.23 | 4.74 | -914.11 | -1,169 | -14.74 |
Cash Acquisitions | - | - | - | - | - | -0.46 |
Proceeds from Business Divestments | -2.74 | - | -170.59 | - | - | - |
Capital Expenditures | -15.23 | -20.94 | -18.39 | -7.53 | -6.76 | -3.65 |
Purchases of Intangible Assets | - | -14.48 | - | - | -2.03 | - |
Proceeds from Sale of Intangible Assets | - | - | - | - | - | 0.44 |
Other Investing Activities | 7.35 | 7.9 | 10.24 | 1.94 | 4.4 | 0.4 |
Investing Cash Flow | -530.03 | -195.67 | -874.28 | -3,260 | -2,863 | -474.26 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Change in Deposits | 472.69 | 878.65 | -1,912 | 3,990 | 1,089 | 1,572 |
Long-Term Debt Issued | 334,405 | 323,575 | 166,324 | 95,789 | 65,782 | 31,473 |
Long-Term Debt Repaid | -333,559 | -324,121 | -162,903 | -95,756 | -65,885 | -31,788 |
Net Long-Term Debt Issued (Repaid) | 845.7 | -546.72 | 3,421 | 33.13 | -103.56 | -314.3 |
Issuance of Common Stock | - | - | 97.66 | - | - | - |
Repurchase of Common Stock | -3 | - | - | - | -3.94 | - |
Net Common Stock Issued (Repurchased) | -3 | - | 97.66 | - | -3.94 | - |
Issuance of Preferred Stock | - | - | 222.75 | - | 137.46 | 191.08 |
Repurchase of Preferred Stock | - | - | -177.04 | - | - | -41.63 |
Net Preferred Stock Issued (Repurchased) | - | - | 45.7 | - | 137.46 | 149.46 |
Common Dividends Paid | -59.88 | -59.42 | -51.17 | -48.51 | -38.07 | -31.24 |
Financing Cash Flow | 1,179 | 272.51 | 1,602 | 3,975 | 1,081 | 1,376 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -438.08 | -264.41 | -107.81 | 358.26 | -806.45 | 852.89 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -1,102 | -362.19 | -853.67 | -363.93 | 969.01 | -52.86 |
Free Cash Flow Growth | - | - | - | - | - | - |
FCF Margin | -188.19% | -64.25% | -132.05% | -69.65% | 226.83% | -12.28% |
Free Cash Flow Per Share | -23.97 | -7.88 | -18.97 | -8.40 | 22.37 | -1.22 |