For the quarter ending 2025-09-30, MBINM made $595,764K in revenue. $44,436K in net income. Net profit margin of 7.46%.
| Income Statement | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Loans | 254,101 | 255,641 | ||
| Mortgage loans in process of securitization | 5,308 | 5,304 | ||
| Available for sale | 11,880 | 12,095 | ||
| Held to maturity | 22,427 | 23,166 | ||
| Fhlb stock and other equity securities (dividends) | 4,265 | 4,641 | ||
| Other | 3,798 | 3,552 | ||
| Total interest income | 301,779 | 304,399 | ||
| Deposits | 139,744 | 131,375 | ||
| Short-term borrowings | 25,926 | 36,981 | ||
| Long-term borrowings | 8,051 | 7,324 | ||
| Total interest expense | 173,721 | 175,680 | ||
| Net interest income | 128,058 | 128,719 | ||
| Provision for credit losses | 29,239 | 53,027 | ||
| Net interest income after provision for credit losses | 98,819 | 75,692 | ||
| Gain on sale of loans | 24,671 | 23,342 | ||
| Loan servicing fees, net | 7,986 | 6,138 | ||
| Mortgage warehouse fees | 1,736 | 2,039 | ||
| Syndication and asset management fees | 4,864 | 9,707 | ||
| Other income | 3,757 | 9,254 | ||
| Total noninterest income | 43,014 | 50,480 | ||
| Salaries and employee benefits | 44,152 | 43,566 | ||
| Loan expense | 1,263 | 1,142 | ||
| Occupancy and equipment | 2,453 | 2,494 | ||
| Professional fees | 3,371 | 3,159 | ||
| Deposit insurance expense | 9,376 | 7,152 | ||
| Technology expense | 2,608 | 2,446 | ||
| Credit risk transfer premium expense | 4,194 | 4,767 | ||
| Other expense | 9,833 | 12,611 | ||
| Total noninterest expense | 77,250 | 77,337 | ||
| Income before income taxes | 64,583 | 48,835 | ||
| Provision for income taxes (includes 0, 0, 0 and 26, respectively, of income tax benefit related to accumulated other comprehensive loss reclassifications) | 9,882 | 10,854 | ||
| Net income | 54,701 | 37,981 | ||
| Dividends on preferred stock | 10,265 | 10,266 | ||
| Net income allocated to common shareholders | 44,436 | 27,715 | ||
| Earnings per share, basic | 0.97 | 0.6 | ||
| Earnings per share, diluted | 0.97 | 0.6 | ||
| Weighted average number of shares outstanding, basic | 45,887,143 | 45,883,644 | ||
| Weighted average number of shares outstanding, diluted | 45,950,216 | 45,929,563 | ||
Merchants Bancorp (MBINM)
Merchants Bancorp (MBINM)