Merchants Bancorp

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $445.7m $359.5m $336.5m $506.7m $179.7m $1.0b $226.2m
Property, Plant and Equipment, Net $4.9m $5.4m $15.1m $29.3m $29.8m $31.2m $35.4m $42.3m $58.6m $73.9m
Goodwill $523k $3.9m $17.5m $15.8m $15.8m $15.8m $15.8m $15.8m $8.0m $8.0m
Intangible Assets, Net (Excluding Goodwill) $1.5m $3.5m $3.8m $2.3m $1.7m $1.2m $742k
Operating Lease, Right-of-Use Asset $11.0m $10.1m $8.3m $6.0m
Additional Financial Items
Assets $2.7b $3.4b $3.9b $6.4b $9.6b $11.3b $12.6b $17.0b $18.8b $19.4b
LIABILITIES AND EQUITY
Long-term Debt $57.0m $56.6m $195.5m $181.4m
Deferred Tax Liabilities, Net $15.6m $12.9m $16.4m $15.2m $14.5m $19.2m $19.6m $19.9m $25.3m $33.1m
Liabilities $2.5b $3.0b $3.5b $5.7b $8.8b $10.1b $11.2b $15.3b $16.6b $17.2b
Stockholders’ equity:
Preferred Stock, Value, Issued $41.6m $41.6m $41.6m $135.6m $135.9m $137.6m $137.8m $140.4m $240.3m $243.3m
Common Stock, Value, Issued $20.1m $134.9m $135.1m $135.6m $135.9m $137.6m $137.8m $140.4m $240.3m $243.3m
Retained Earnings (Accumulated Deficit) $145.3m $192.0m $244.9m $305.0m $461.7m $657.1m $832.9m $1.1b $1.3b $1.5b
Accumulated Other Comprehensive Income (Loss), Net of Tax ($628k) ($1.0m) ($310k) $458k $374k ($1.5m) ($10.5m) ($2.5m) ($133k) ($33k)
Stockholders' Equity Attributable to Parent $206.3m $367.5m $421.2m $653.7m $810.6m $1.2b $1.5b $1.7b $2.2b $2.3b
Liabilities and Equity $2.7b $3.4b $3.9b $6.4b $9.6b $11.3b $12.6b $17.0b $18.8b $19.4b

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.