Merchants Bancorp (OQ:MBIN)
Business Focus: Banks
| 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 | Kevin T. Langford Senior Vice President, Chief Administrative Officer | Michael J. Dunlap President, Chief Operating Officer, Director |
| Randall D. Rogers Vice Chairman of the Board | John F. Macke Chief Financial Officer, Executive Vice President | Scott A. Evans President of the Lynn/Richmond Market, Chief Operating Officer of Merchants Bank, Director |
| 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 fiscal year ended 31 December 2023, Merchants Bancorp interest income increased from $480.8M to $1.08B. Net interest income after loan loss provision increased 35% to $407.8M. Net income applicable to common stockholders increased 26% to $244.6M. Net interest income after loan loss provision reflects Banking segment increase of 36% to $300M, Mortgage Warehousing segment increase of 32% to $89.1M. |
| Employees: | 618 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,308M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,078M as of Dec 31, 2023 |
| EBITDA (TTM): | $403.28M as of Dec 31, 2023 |
| Net annual income (TTM): | $244.56M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$412.44M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $177.14M as of Dec 31, 2023 |
| Shares outstanding: | 43,354,718 as of Mar 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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