Income Statement

MERCHANTS BANCORP

MBIN
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY Dec 31, 2018 2018 FY Dec 31, 2017 2017 FY
Revenue
1,365.24 1,450.83 1,192.47 606.77 469.22 410.26 259.08 190.15 142.07
Cost of Revenue
801.55 804.38 669.96 179.58 28.88 46.81 85.76 45.96 25.32
Gross Profit
563.69 646.45 522.51 427.19 440.34 363.46 173.33 144.19 116.75
Operating Expenses
299.89 223.81 174.60 136.05 125.39 96.42 63.31 50.90 34.64
Research & Development
- - - - - - - - -
Selling, General & Administrative
166.51 130.72 108.18 89.09 85.73 59.20 38.09 32.24 21.47
Other Operating Expenses
133.38 93.09 66.42 46.97 39.66 37.22 25.22 18.66 13.17
Operating Income
263.80 422.64 347.91 291.14 314.95 267.03 110.01 93.29 82.11
Non-Operating Income
0.00 0.00 0.00 0.00 10.02 23.68 7.88 9.26 4.94
Interest Income
1,200.85 1,302.72 1,077.80 480.83 311.89 282.79 212.00 140.56 94.39
Interest Expense
683.79 780.10 629.73 162.28 33.89 58.64 89.70 50.59 27.79
Other Non-Op Income / Expense
162.59 202.45 228.87 183.00 197.13 156.29 38.00 32.72 46.99
Income Before Tax
263.80 422.64 347.91 291.14 304.93 243.36 102.13 84.03 77.16
Income Tax Expense
45.03 102.26 68.67 71.42 77.83 62.82 24.81 21.15 22.48
Non-Controlling Interest
- - - - - - - - -
Net Income
218.77 320.39 279.23 219.72 227.10 180.53 77.33 62.87 54.68
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY Dec 31, 2018 2018 FY Dec 31, 2017 2017 FY
Depreciation & Amortization
- - - - - - - - -
EBITDA
263.80 422.64 347.91 291.14 314.95 267.03 110.01 93.29 82.11
Earnings Per Share (Basic)
3.78 6.32 5.66 4.49 4.78 5.78 2.37 2.08 2.28
Diluted EPS
3.78 6.30 5.64 4.47 4.76 5.77 2.37 2.07 2.28
Weighted Average Shares
45.87 44.86 43.22 43.16 43.17 28.74 28.71 28.69 22.55
Diluted Weighted Avg Shares
45.94 45.00 43.35 43.32 43.33 28.78 28.75 28.72 22.57
Comprehensive Income
218.87 322.74 287.27 210.65 225.28 180.45 78.10 63.81 54.31