mbin: the income statement

MyFinsight

Merchants Bancorp (MBIN)

For the quarter ending 2025-06-30, MBIN made $354,879K in revenue. $27,715K in net income. Net profit margin of 7.81%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30
Dividends on preferred stock	10,266
Provision for income taxes (includes 0, 0, 0 and 26, respectively, of income tax benefit related to accumulated other comprehensive loss reclassifications)	10,854
Other income	9,254
Gain on sale of loans	23,342
Mortgage warehouse fees	2,039
Syndication and asset management fees	9,707
Loan servicing fees, net	6,138
Total noninterest income	50,480
Professional fees	3,159
Other expense	12,611
Occupancy and equipment	2,494
Loan expense	1,142
Salaries and employee benefits	43,566
Deposit insurance expense	7,152
Technology expense	2,446
Credit risk transfer premium expense	4,767
Total noninterest expense	77,337
Provision for credit losses	53,027
Short-term borrowings	36,981
Long-term borrowings	7,324
Deposits	131,375
Total interest expense	175,680
Other	3,552
Mortgage loans in process of securitization	5,304
Loans	255,641
Held to maturity	23,166
Fhlb stock and other equity securities (dividends)	4,641
Available for sale	12,095
Total interest income	304,399
Net interest income	128,719
Net interest income after provision for credit losses	75,692
Income before income taxes	48,835
Net income	37,981
Net income allocated to common shareholders	27,715

Earnings per share, basic	0.6
Earnings per share, diluted	0.6
Weighted average number of shares outstanding, basic	45,883,644
Weighted average number of shares outstanding, diluted	45,929,563

Unit: Thousand (K) dollars (except for numbers of shares and EPS)