Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 410 Monon Blvd CARMEL IN 46032-2345 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
Michael F. Petrie Chairman of the Board, Chief Executive Officer; Chairman of Merchants Bank | Kevin T. Langford Executive Vice President, Chief Administrative Officer | Michael J. Dunlap President, Chief Operating Officer, Director; Chief Executive Officer of Merchants Bank |
Randall D. Rogers Vice Chairman of the Board | Sean Sievers Chief Financial Officer | Scott A. Evans Director; President of the Lynn/Richmond market, Chief Operating Officer of Merchants Bank |
Michael R. Dury President and Chief Executive Officer of Merchants Capital | Jerry F. Koors President of Merchants Mortgage | Susan Dehner Kucer President - Indianapolis Market | Martin A. Schroeter President - Warehouse Lending |
Business Overview |
Merchants Bancorp is a diversified bank holding company. The Company conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana. The Company's segments include Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing (through this segment it also serves as a syndicator of low-income housing tax credit and debt funds); Mortgage Warehousing that offers mortgage warehouse financing, commercial loans, and deposit services, and Banking that offers portfolio lending for multi-family and healthcare facility loans, retail and correspondent residential mortgage banking, agricultural lending, Small Business Administration (SBA) lending, and traditional community banking. |
Financial Overview |
For the nine months ended 30 September 2024, Merchants Bancorp interest income increased 28% to $981.4M. Net interest income after loan loss provision increased 26% to $366.4M. Net income applicable to common stockholders increased 13% to $198.7M. Net interest income after loan loss provision reflects Banking segment increase of 20% to $254.9M, Mortgage Warehousing segment increase of 54% to $93.6M. |
Employees: | 618 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,425M as of Sep 30, 2024 |
Annual revenue (TTM): | $1,293M as of Sep 30, 2024 |
EBITDA (TTM): | $489.61M as of Sep 30, 2024 |
Net annual income (TTM): | $267.52M as of Sep 30, 2024 |
Free cash flow (TTM): | -$153.60M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | $184.46M as of Sep 30, 2024 |
Shares outstanding: | 45,764,023 as of Sep 30, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |