Merchants Bancorp (MBIN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash & Short Term Investments | 19.64M | 880.9M | 1.25B | 1.32B | 1.23B | 566.62M | 1.55B | 1.56B | 1.57B | 1.7B | 1.03B | 1.03B | 1.05B | 549.5M | 646.03M | 594.96M | 725.79M | 1.34B | 1.1B | 717.31M |
| Cash & Due from Banks | 19.64M | 15.84M | 598.04M | 647.16M | 521.3M | 476.61M | 601.91M | 540.88M | 508.75M | 584.42M | 407.24M | 377.31M | 369.59M | 226.16M | 323.96M | 258.15M | 411.52M | 1.03B | 802.58M | 402.05M |
| Short Term Investments | 0 | 865.06M | 650.37M | 676.64M | 706.31M | 90.01M | 953.06M | 1.02B | 1.06B | 1.11B | 624.59M | 648M | 679.52M | 323.34M | 322.07M | 336.81M | 314.27M | 310.63M | 301.12M | 315.26M |
| Total Investments | 19.83B | 19.24B | 17.61B | 17.42B | 17.28B | 17.2B | 17.21B | 16.93B | 16.57B | 15.7B | 15.5B | 14.92B | 13.41B | 11.93B | 11.23B | 10.45B | 8.9B | 9.93B | 9.82B | 9.18B |
| Investments Growth % | 14.75% | 11.85% | 2.36% | 2.9% | 4.29% | 9.54% | 11.02% | 13.49% | 23.57% | 31.57% | 38.05% | 42.75% | 50.62% | 20.13% | 14.35% | 13.9% | -2.51% | 8.14% | 16.13% | 10.95% |
| Long-Term Investments | 19.83B | 18.37B | 16.96B | 16.75B | 16.58B | 17.11B | 16.26B | 15.92B | 15.51B | 14.59B | 14.88B | 14.27B | 12.73B | 11.61B | 10.91B | 10.12B | 8.59B | 9.62B | 9.52B | 8.86B |
| Accounts Receivables | 0 | 11.03B | 82.44M | 82.39M | 82.81M | 83.41M | 86.61M | 90.36M | 90.3M | 91.35M | 78.4M | 70.51M | 64.28M | 56.26M | 40.17M | 26.18M | 23.5M | 24.1M | 21.89M | 22.07M |
| Goodwill & Intangibles | 8.01M | 8.05M | 221.17M | 201.05M | 197.72M | 198.01M | 185.34M | 186.79M | 180.36M | 175.04M | 178.82M | 164.08M | 160.78M | 163.28M | 162.14M | 148M | 138.46M | 127.9M | 123.16M | 116.17M |
| Goodwill | 8.01M | 8.01M | 8.01M | 8.01M | 8.01M | 8.01M | 8.01M | 8.01M | 8.01M | 15.85M | 15.85M | 15.85M | 15.85M | 15.85M | 15.85M | 15.85M | 15.85M | 15.85M | 15.85M | 15.85M |
| Intangible Assets | 0 | 36K | 213.16M | 193.04M | 189.71M | 189.99M | 177.33M | 178.78M | 172.35M | 159.2M | 162.97M | 148.24M | 144.94M | 147.43M | 146.29M | 132.15M | 122.61M | 112.06M | 107.32M | 100.32M |
| PP&E (Net) | 87.06M | 73.93M | 75.15M | 71.05M | 67.79M | 58.62M | 53.16M | 46.83M | 42.45M | 42.34M | 36.73M | 36.95M | 35.79M | 35.44M | 35.49M | 35.09M | 34.56M | 31.21M | 31.42M | 31.38M |
| Other Assets | 295.61M | -18.37B | 762.89M | 714.68M | 643.74M | 790.63M | 516.76M | 413.92M | 427.98M | 358.3M | 292.9M | 305.07M | 198.64M | 200.04M | 188.08M | 166.47M | 137.96M | 128.42M | 153.33M | 133.07M |
| Total Current Assets | 96.97M | 11.91B | 1.33B | 1.41B | 1.31B | 650.02M | 1.64B | 1.65B | 1.66B | 1.79B | 1.11B | 1.1B | 1.11B | 605.76M | 686.2M | 621.14M | 749.29M | 1.37B | 1.13B | 739.38M |
| Total Non-Current Assets | 20.22B | 81.94M | 18.02B | 17.74B | 17.49B | 18.16B | 17.01B | 16.56B | 16.16B | 15.16B | 15.39B | 14.78B | 13.13B | 12.01B | 11.29B | 10.46B | 8.9B | 9.91B | 9.83B | 9.14B |
| Total Assets | 20.32B | 19.45B | 19.35B | 19.14B | 18.8B | 18.81B | 18.65B | 18.21B | 17.82B | 16.95B | 16.5B | 15.87B | 14.24B | 12.62B | 11.98B | 11.09B | 9.65B | 11.28B | 10.95B | 9.88B |
| Asset Growth % | 8.11% | 3.42% | 3.76% | 5.1% | 5.47% | 10.93% | 13.08% | 14.72% | 25.15% | 34.38% | 37.7% | 43.2% | 47.57% | 11.85% | 9.37% | 12.19% | -0.56% | 16.93% | 14.92% | 4.68% |
| Return on Assets (ROA) | 0.34% | 0.35% | 0.28% | 0.2% | 0.31% | 0.51% | 0.33% | 0.42% | 0.5% | 0.46% | 0.5% | 0.43% | 0.41% | 0.46% | 0.51% | 0.52% | 0.48% | 0.5% | 0.56% | 0.53% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 4.79B | 3.84B | 2.9B | 3.83B | 4B | 4.34B | 3.57B | 1.16B | 1.79B | 964.13M | 1.44B | 941.84M | 1.03B | 940.39M | 97.28M | 1.44B | 879.93M | 1.17B | 809.14M | 701.37M |
| Net Debt | 4.77B | 3.83B | 2.3B | 3.19B | 3.48B | 3.86B | 2.97B | 618.32M | 1.28B | 379.7M | 1.04B | 564.53M | 664.18M | 714.23M | -226.68M | 1.18B | 468.41M | 141.34M | 6.56M | 299.32M |
| Long-Term Debt | 414.73M | 82.57M | 2.9B | 3.83B | 4B | 4.34B | 3.57B | 1.16B | 1.79B | 964.13M | 1.44B | 941.84M | 1.03B | 910.39M | 97.28M | 1.44B | 879.93M | 873.95M | 809.14M | 701.37M |
| Short-Term Debt | 4.36B | 3.76B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30M | 0 | 0 | 0 | 300M | 0 | 0 |
| Other Liabilities | 13.16B | 13.28B | 262.9M | 406.04M | 193.42M | 281.04M | 233.73M | 222.9M | 240.53M | 205.92M | 393.1M | 296.79M | 323.46M | 124.14M | 130.25M | 97.46M | 75.64M | -52.51M | 64.02M | 62.7M |
| Total Current Liabilities | 4.36B | 3.76B | 13.93B | 12.69B | 12.41B | 11.92B | 12.89B | 14.92B | 13.98B | 14.06B | 13.01B | 13.06B | 11.35B | 10.1B | 10.32B | 8.3B | 7.48B | 9.28B | 8.95B | 8.04B |
| Total Non-Current Liabilities | 13.63B | 13.41B | 3.19B | 4.27B | 4.23B | 4.64B | 3.82B | 1.41B | 2.07B | 1.19B | 1.86B | 1.25B | 1.39B | 1.05B | 246.65M | 1.56B | 986.27M | 840.62M | 894.84M | 782.89M |
| Total Liabilities | 17.99B | 17.17B | 17.13B | 16.96B | 16.64B | 16.56B | 16.71B | 16.32B | 16.05B | 15.25B | 14.86B | 14.31B | 12.74B | 11.16B | 10.57B | 9.86B | 8.46B | 10.12B | 9.84B | 8.82B |
| Total Equity | 2.33B | 2.28B | 2.23B | 2.18B | 2.16B | 2.24B | 1.94B | 1.89B | 1.78B | 1.7B | 1.63B | 1.56B | 1.51B | 1.46B | 1.41B | 1.23B | 1.19B | 1.16B | 1.11B | 1.06B |
| Equity Growth % | 7.85% | 1.67% | 14.77% | 15.7% | 21.63% | 31.88% | 18.77% | 21.01% | 17.98% | 16.53% | 15.58% | 27% | 26.69% | 26.34% | 27.27% | 16% | 17.53% | 42.53% | 46.59% | 49.54% |
| Equity / Assets (Capital Ratio) | 11.47% | 11.73% | 11.5% | 11.41% | 11.49% | 11.93% | 10.4% | 10.37% | 9.97% | 10.03% | 9.9% | 9.83% | 10.57% | 11.57% | 11.79% | 11.08% | 12.32% | 10.24% | 10.13% | 10.72% |
| Return on Equity (ROE) | 2.94% | 3.01% | 2.48% | 1.75% | 2.64% | 4.57% | 3.2% | 4.17% | 5.01% | 4.65% | 5.11% | 4.26% | 3.71% | 3.98% | 4.43% | 4.46% | 4.28% | 4.87% | 5.39% | 4.97% |
| Book Value per Share | 50.66 | 49.61 | 48.45 | 47.56 | 47.06 | 48.85 | 42.24 | 42.24 | 40.87 | 39.17 | 37.66 | 36.03 | 34.78 | 33.73 | 32.65 | 28.35 | 27.41 | 26.62 | 25.62 | 24.45 |
| Tangible BV per Share | 50.49 | 49.43 | 43.64 | 43.19 | 42.75 | 44.54 | 38.20 | 38.06 | 36.72 | 35.14 | 33.54 | 32.24 | 31.07 | 29.96 | 28.91 | 24.93 | 24.22 | 23.68 | 22.78 | 21.77 |
| Common Stock | 243.43M | 243.31M | 242.37M | 241.45M | 240.51M | 240.31M | 239.45M | 238.49M | 139.95M | 140.37M | 139.61M | 138.85M | 138.1M | 137.78M | 137.23M | 136.67M | 137.88M | 137.56M | 137.2M | 136.84M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1.54B | 1.49B | 1.43B | 1.39B | 1.37B | 1.33B | 1.25B | 1.2B | 1.14B | 1.06B | 998.25M | 928.88M | 875.7M | 832.87M | 787.53M | 737.79M | 694.78M | 657.15M | 610.27M | 560.08M |
| Accumulated OCI | -804K | -33K | -211K | -247K | -77K | -133K | 96K | -510K | -1.17M | -2.49M | -4.75M | -7.04M | -7.73M | -10.52M | -11.69M | -8.07M | -6.3M | -1.45M | 262K | -4K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 551.29M | 551.29M | 551.29M | 551.29M | 551.29M | 672.13M | 449.39M | 449.39M | 499.61M | 499.61M | 499.61M | 499.61M | 499.61M | 499.61M | 499.52M | 362.15M | 362.15M | 362.15M | 362.15M | 362.15M |