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Merchants Bancorp
NASDAQ:MBIN

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Merchants Bancorp Logo
Merchants Bancorp
NASDAQ:MBIN
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Price: 46.28 USD -2.03% Market Closed
Market Cap: $2.1B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-98%
5Y
-
10Y
-
Investing Cash Flow
+
3Y
+93%
5Y
+88%
10Y
-
Financing Cash Flow
+
3Y
-74%
5Y
-93%
10Y
-

Cash Flow Statement
Merchants Bancorp

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Cash Flow Statement
Currency: USD
Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
33
37
44
43
55
61
62
68
63
58
59
63
77
91
116
151
181
218
228
232
227
215
218
218
220
225
236
259
279
311
322
302
320
292
253
247
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
3
3
3
3
Change in Deffered Taxes
(1)
(1)
1
0
(2)
0
0
0
2
0
0
0
(1)
0
0
0
(1)
0
0
0
5
0
0
0
5
0
0
0
(2)
0
0
0
5
0
0
0
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
1
0
0
0
1
0
0
0
1
0
0
1
2
0
0
0
1
0
0
0
Other Non-Cash Items
8
6
8
9
3
5
2
(0)
2
3
7
11
11
17
14
13
14
2
5
1
2
(6)
(18)
(24)
(35)
(18)
(23)
(37)
(55)
(67)
(67)
(36)
(83)
(80)
(72)
(108)
Cash Taxes Paid
22
18
27
24
27
27
20
23
17
17
22
18
19
19
26
41
57
58
81
79
79
79
65
68
67
65
68
69
67
68
84
76
80
78
75
69
Cash Interest Paid
18
19
21
24
27
29
33
39
49
56
64
72
82
91
94
85
69
52
39
34
34
37
44
75
140
232
354
492
610
687
742
776
789
780
763
723
Change in Working Capital
(189)
(161)
(185)
253
(231)
(274)
25
(167)
136
267
(926)
(1 641)
(1 345)
(2 239)
(2 375)
(966)
(1 070)
71
1 132
(289)
(286)
734
348
1 971
784
(835)
(663)
(2 158)
(581)
(683)
(402)
(378)
(1 080)
(523)
(664)
(99)
Cash from Operating Activities
(150)
N/A
(118)
+21%
(132)
-11%
305
N/A
(176)
N/A
(212)
-20%
85
N/A
(103)
N/A
204
N/A
331
+62%
(857)
N/A
(1 564)
-83%
(1 257)
+20%
(2 131)
-70%
(2 245)
-5%
(801)
+64%
(875)
-9%
293
N/A
1 367
+367%
(54)
N/A
(49)
+10%
951
N/A
555
-42%
2 173
+291%
976
-55%
(621)
N/A
(442)
+29%
(1 929)
-336%
(356)
+82%
(439)
-23%
(146)
+67%
(111)
+24%
(835)
-655%
(303)
+64%
(475)
-57%
47
N/A
Investing Cash Flow
Capital Expenditures
(3)
(3)
(3)
(2)
(2)
(3)
(4)
(6)
(16)
(18)
(21)
(22)
(14)
(10)
(5)
(3)
(4)
(5)
(5)
(5)
(4)
(8)
(8)
(9)
(9)
(4)
(5)
(4)
(8)
(9)
(12)
(16)
(18)
(23)
(22)
(23)
Other Items
(263)
(152)
(286)
(301)
(521)
(707)
(742)
(517)
(494)
(425)
(334)
(809)
(944)
(1 412)
(1 830)
(2 150)
(2 529)
(2 154)
(1 562)
(746)
(471)
(519)
(1 652)
(3 402)
(2 854)
(3 732)
(3 863)
(2 180)
(3 253)
(2 826)
(1 904)
(1 704)
(856)
(157)
133
(228)
Cash from Investing Activities
(265)
N/A
(155)
+42%
(290)
-87%
(303)
-5%
(523)
-73%
(710)
-36%
(746)
-5%
(523)
+30%
(509)
+3%
(443)
+13%
(355)
+20%
(831)
-134%
(958)
-15%
(1 422)
-49%
(1 835)
-29%
(2 153)
-17%
(2 532)
-18%
(2 159)
+15%
(1 567)
+27%
(752)
+52%
(474)
+37%
(527)
-11%
(1 660)
-215%
(3 410)
-105%
(2 863)
+16%
(3 736)
-30%
(3 868)
-4%
(2 184)
+44%
(3 260)
-49%
(2 835)
+13%
(1 916)
+32%
(1 720)
+10%
(874)
+49%
(180)
+79%
111
N/A
(251)
N/A
Financing Cash Flow
Net Issuance of Common Stock
32
32
13
0
106
0
0
0
0
48
72
171
171
123
99
0
0
145
149
149
149
0
(4)
133
134
0
0
0
0
0
46
46
143
0
0
0
Net Issuance of Debt
0
0
0
0
0
0
4
10
(19)
(17)
(23)
(53)
(23)
(26)
(21)
3
3
2
0
0
2
0
4
5
4
158
179
207
163
1
(21)
(60)
(29)
(31)
(32)
(23)
Cash Paid for Dividends
(6)
(7)
(7)
(8)
(8)
(9)
(9)
(10)
(10)
(11)
(8)
(14)
(17)
(20)
(26)
(23)
(24)
(24)
(26)
(29)
(31)
(34)
(34)
(35)
(38)
(41)
(45)
(48)
(49)
(49)
(48)
(48)
(51)
(53)
(57)
(60)
Other
389
264
523
116
515
668
495
364
311
117
1 279
2 245
2 254
3 732
3 970
3 039
3 101
1 444
77
1 059
1 256
(255)
996
655
981
4 066
4 157
4 037
3 860
3 460
2 250
2 088
1 539
438
462
186
Cash from Financing Activities
414
N/A
288
-30%
529
+83%
109
-79%
613
+465%
765
+25%
597
-22%
470
-21%
282
-40%
138
-51%
1 320
+855%
2 349
+78%
2 385
+2%
3 808
+60%
4 022
+6%
3 019
-25%
3 080
+2%
1 567
-49%
200
-87%
1 180
+491%
1 376
+17%
(282)
N/A
962
N/A
759
-21%
1 081
+42%
4 315
+299%
4 429
+3%
4 196
-5%
3 975
-5%
3 413
-14%
2 225
-35%
2 026
-9%
1 602
-21%
496
-69%
472
-5%
201
-57%
Change in Cash
Net Change in Cash
(1)
N/A
16
N/A
108
+595%
111
+3%
(86)
N/A
(156)
-81%
(64)
+59%
(156)
-143%
(23)
+85%
26
N/A
108
+322%
(46)
N/A
170
N/A
255
+50%
(58)
N/A
64
N/A
(327)
N/A
(299)
+9%
(1)
+100%
373
N/A
853
+128%
142
-83%
(144)
N/A
(479)
-233%
(806)
-68%
(42)
+95%
119
N/A
83
-30%
358
+330%
139
-61%
163
+17%
195
+20%
(108)
N/A
13
N/A
108
+705%
(4)
N/A

See Also

Summary
MBIN intrinsic value, competitors valuation, and company profile.
DCF Valuation
MBIN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MBIN stock valuation using valuation multiples.
Wall Street Estimates
MBIN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MBIN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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