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MBIN - Merchants Bancorp

NASDAQ -> Financial Services -> Banks—Regional
Carmel, United States
Type: Equity

MBIN price evolution
MBIN
(in millions $) 31 Jan 2024 30 Oct 2023 30 Jun 2023 1 May 2023
Current assets
Cash $584.42 $407.24 $377.31 $369.59
Short term investments
Net receivables
Inventory
Total current assets
Long term investments
Property, plant & equipment $42.34 $36.73 $36.95 $35.79
Goodwill & intangible assets $175.04 $178.82 $164.08 $160.78
Total noncurrent assets
Total investments $15752.99 $15552.75 $14963.5 $13454.45
Total assets $16952.52 $16495.24 $15874.87 $14240.97
Current liabilities
Accounts payable
Deferred revenue
Short long term debt
Total current liabilities $522 $246 $365.19
Long term debt $81 $47 $21
Total noncurrent liabilities
Total debt $964.13 $1654.08 $1016.84 $1233.76
Total liabilities $15251.43 $14862.52 $14314.57 $12735.28
Shareholders' equity
Retained earnings $1063.6 $998.25 $928.88 $875.7
Other shareholder equity -$2.49 -$4.75 -$7.04 -$7.73
Total shareholder equity $1701.08 $1632.71 $1560.3 $1505.68
(in millions $) 31 Jan 2024 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $584.42 $226.16 $1032.61 $179.73
Short term investments
Net receivables
Inventory
Total current assets
Long term investments
Property, plant & equipment $42.34 $35.44 $31.21 $29.76
Goodwill & intangible assets $175.04 $163.28 $127.9 $18.13
Total noncurrent assets
Total investments $15752.99 $11976.64 $9969.86 $9346.45
Total assets $16952.52 $12615.23 $11278.64 $9645.38
Current liabilities
Accounts payable
Deferred revenue
Short long term debt
Total current liabilities $50 $17 $77
Long term debt $964.13 $21 $460
Total noncurrent liabilities
Total debt $964.13 $930.39 $1033.95 $1348.26
Total liabilities $15251.43 $11155.49 $10123.23 $8834.75
Shareholders' equity
Retained earnings $1063.6 $832.87 $657.15 $461.74
Other shareholder equity -$2.49 -$10.52 -$1.45 $0.37
Total shareholder equity $1701.08 $1459.74 $1155.41 $810.62
(in millions $) 31 Jan 2024 30 Oct 2023 30 Jun 2023 1 May 2023
Revenue
Total revenue $112.9
Cost of revenue
Gross Profit $112.9
Operating activities
Research & development
Selling, general & administrative $28.18
Total operating expenses $44.32
Operating income $68.58
Income from continuing operations
EBIT $68.58
Income tax expense $3.27
Interest expense
Net income
Net income $65.3
Income (for common shares) $56.63
(in millions $) 31 Jan 2024 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $562.74 $427.19 $430.31 $339.78
Cost of revenue
Gross Profit $427.19 $430.31 $339.78
Operating activities
Research & development
Selling, general & administrative $97.25 $93.09 $64.93
Total operating expenses $136.05 $125.39 $96.42
Operating income $291.14 $304.93 $243.36
Income from continuing operations
EBIT $291.14 $304.93 $243.36
Income tax expense $68.67 $71.42 $77.83 $62.82
Interest expense
Net income
Net income $244.56 $219.72 $227.1 $180.53
Income (for common shares) $193.74 $206.23 $166.06
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $77.47 $81.5 $65.3 $54.95
Operating activities
Depreciation $0.73 $0.73 $0.7 $0.69
Business acquisitions & disposals $52.24 -$66.42 -$4.58
Stock-based compensation
Total cash flows from operations $714.37 -$527.75 -$241.49 -$301.53
Investing activities
Capital expenditures -$4.07 -$0.52 -$1.9 -$1.04
Investments -$937.55 -$14.25 -$1168.46 -$1115.46
Total cash flows from investing -$889.04 -$14.5 -$1236.37 -$1120.18
Financing activities
Dividends paid -$12.13 -$12.13 -$12.13 -$12.13
Sale and purchase of stock
Net borrowings -$690.15 $637.04 -$217.13 $303.37
Total cash flows from financing $351.85 $572.18 $1485.58 $1565.13
Effect of exchange rate
Change in cash and equivalents $177.18 $29.93 $7.72 $143.42
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $279.23 $219.72 $227.1 $180.53
Operating activities
Depreciation $2.85 $2.48 $2.19 $1.9
Business acquisitions & disposals -$18.76 -$14.59 -$11.66
Stock-based compensation
Total cash flows from operations -$356.4 $975.77 -$49.22 -$874.89
Investing activities
Capital expenditures -$7.53 -$6.76 -$3.65 -$3.62
Investments -$3235.73 -$2845.89 -$459.8 -$2528.59
Total cash flows from investing -$3260.08 -$2862.85 -$474.26 -$2532.23
Financing activities
Dividends paid -$48.51 -$38.07 -$31.23 -$23.67
Sale and purchase of stock -$3.94
Net borrowings $33.13 -$103.56 -$314.3 $1166.82
Total cash flows from financing $3974.74 $1080.63 $1376.36 $3080.14
Effect of exchange rate
Change in cash and equivalents $358.26 -$806.45 $852.89 -$326.98
Fundamentals
Market cap N/A
Enterprise value N/A
Shares outstanding N/A
Revenue N/A
EBITDA N/A
EBIT N/A
Net Income N/A
Revenue Q/Q N/A
Revenue Y/Y N/A
P/E ratio N/A
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio N/A
P/B ratio N/A
Book/Share N/A
Cash/Share N/A
EPS N/A
ROA N/A
ROE N/A
Debt/Equity 8.97
Net debt/EBITDA N/A
Current ratio N/A
Quick ratio N/A