← Merchants Bancorp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $33.1m | $54.7m | $62.9m | $77.3m | $180.5m | $227.1m | $219.7m | $279.2m | $320.4m | $218.8m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $31.1m | $51.4m | $59.5m | $68.1m | $166.1m | $206.2m | $193.7m | $244.6m | $283.7m | $173.6m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $33.1m | $54.7m | $62.9m | $77.3m | $180.5m | $227.1m | $219.7m | $279.2m | — | — | |
| Amortization of Intangible Assets | $0 | $82k | $218.0m | $218k | $218k | $218k | — | — | — | — | |
| Depreciation | $278k | $296k | $461k | $852k | $1.9m | $2.2m | $2.5m | $2.9m | $3.0m | $3.5m | |
| Deferred Income Tax Expense (Benefit) | ($1.4m) | ($2.4m) | $2.3m | ($978k) | ($692k) | $5.3m | $4.7m | ($2.4m) | $4.6m | $7.8m | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | — | $37.5m | $23.7m | $122.9m | |
| Income Tax Expense (Benefit) | $21.7m | $22.5m | $21.2m | $24.8m | $62.8m | $77.8m | $71.4m | $68.7m | $102.3m | $45.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $16.2m | ($11.5m) | $10.0m | $3.7m | $16.4m | $6.6m | $37.3m | $85.2m | $20.8m | $31.7m | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | $17.3m | $40.2m | $24.3m | $117.8m | |
| Increase (Decrease) in Other Operating Liabilities | $4.1m | ($850k) | $3.4m | $24.0m | $2.4m | $3.8m | $20.8m | $41.5m | ($13.0m) | $3.0m | |
| Gain (Loss) on Sales of Loans, Net | $24.8m | $37.8m | $39.3m | $35.4m | $96.6m | $111.2m | $64.2m | $48.2m | $62.3m | $85.4m | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | $476k | $441k | $191k | — | — | ($108k) | — | |
| Goodwill | $523k | $3.9m | $17.5m | $15.8m | $15.8m | $15.8m | $15.8m | $15.8m | $8.0m | $8.0m | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $960k | $2.5m | $4.6m | $3.9m | $11.8m | $5.0m | $13.5m | $37.5m | $23.7m | $122.9m | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | — | — | ($2.5m) | $5.5m | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | $6k | $63k | ($5.1m) | $48k | $132k | $12.2m | — | — | |
| Net Cash Provided by (Used in) Operating Activities | ($149.8m) | ($175.9m) | $203.6m | ($1.3b) | ($874.9m) | ($49.2m) | $975.8m | ($356.4m) | ($835.3m) | ($341.2m) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.2m | $788k | $9.2m | $14.0m | $3.6m | $3.6m | $6.8m | $7.5m | $18.4m | $20.9m | |
| Payments for (Proceeds from) Other Investing Activities | $295k | ($189k) | ($74k) | ($126k) | $17k | ($404k) | ($4.4m) | ($1.9m) | ($10.2m) | ($7.9m) | |
| Net Cash Provided by (Used in) Investing Activities | ($265.3m) | ($523.1m) | ($509.1m) | ($957.7m) | ($2.5b) | ($474.3m) | ($2.9b) | ($3.3b) | ($874.3m) | ($195.7m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $211.0m | $116.5m | $188.3m | $651.8m | $612.6m | $138.0m | $14.0m | $489.6m | $897.3m | $870.9m | |
| Proceeds from Issuance of Common Stock | — | $106.2m | — | — | — | — | — | — | $97.7m | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $3.9m | — | — | — | |
| Dividends paid | $6.2m | $8.0m | $10.2m | $17.3m | $23.7m | $31.2m | $38.1m | $48.5m | $51.2m | $59.4m | |
| Payments of Dividends | $6.2m | $8.0m | $10.2m | $17.3m | $23.7m | $31.2m | $38.1m | $48.5m | $51.2m | $59.4m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | $7.5m | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $414.0m | $612.8m | $282.5m | $2.4b | $3.1b | $1.4b | $1.1b | $4.0b | $1.6b | $272.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $170.2m | ($327.0m) | $852.9m | ($806.5m) | $358.3m | ($107.8m) | ($264.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $1.0b | $226.2m | $584.4m | $476.6m | $212.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $17.8m | $26.8m | $49.3m | $81.9m | $69.1m | $33.9m | $140.4m | $609.7m | $789.0m | $692.9m | |
| Income Taxes Paid, Net | $22.2m | $27.1m | $17.0m | $19.3m | $57.3m | $78.8m | $66.5m | $67.4m | $79.6m | $47.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.