Merchants Bancorp (MBIN)
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[[ session ]] by (Cboe BZX)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 03-2026 | 12-2025 | 09-2025 | 06-2025 | 03-2025 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 67,732 | 218,770 | 150,921 | 96,220 | 58,239 |
| Depreciation Amortization | 1,370 | 3,465 | 2,305 | 1,540 | 770 |
| Income taxes - deferred | N/A | 7,778 | N/A | N/A | N/A |
| Other Working Capital | 12,696,630 | 44,809,820 | 30,271,450 | 18,136,480 | 8,036,405 |
| Loans | 12,511,710 | 44,989,060 | 30,253,640 | 18,115,670 | 8,000,406 |
| Other Operating Activity | -25,874,766 | -90,370,141 | -60,621,665 | -36,323,024 | -15,947,782 |
| Operating Cash Flow | $-597,324 | $-341,248 | $56,651 | $26,886 | $148,038 |
| Cash Flows From Investing Activities | |||||
| Change In Deposits | N/A | -259,580 | -259,580 | N/A | N/A |
| PPE Investments | -1,146 | -20,941 | -17,139 | -11,358 | -6,859 |
| Purchase Of Investment | -204,326 | -753,485 | -544,298 | -344,529 | -163,036 |
| Sale Of Investment | 334,614 | 1,251,725 | 903,800 | 508,363 | 247,453 |
| Purchase Sale Intangibles | -125 | -14,482 | -12,928 | -70 | 0 |
| Net Loans | -464,523 | -378,422 | -262,619 | -147,162 | -60,808 |
| Other Investing Activity | 124 | -34,968 | -28,520 | -32,543 | -17,653 |
| Investing Cash Flow | $-335,257 | $-195,671 | $-208,356 | $-27,229 | $-903 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 69,470,000 | 323,574,600 | 216,447,600 | 141,830,600 | 58,640,040 |
| Debt Repayment | -68,539,100 | -324,033,800 | -217,921,800 | -142,197,000 | -59,014,020 |
| Common Stock Repurchased | -3,002 | N/A | N/A | N/A | 0 |
| Dividend Paid | -15,319 | -59,418 | -44,562 | -29,708 | -14,854 |
| Other Financing Activity | -1 | -87,522 | -10,589 | -10,646 | -10,597 |
| Financing Cash Flow | $803,594 | $272,511 | $273,131 | $170,898 | $-102,449 |
| Beginning Cash Position | 212,202 | 476,610 | 476,610 | 476,610 | 476,610 |
| End Cash Position | 83,215 | 212,202 | 598,036 | 647,165 | 521,296 |
| Net Cash Flow | $-128,987 | $-264,408 | $121,426 | $170,555 | $44,686 |
| Free Cash Flow | |||||
| Operating Cash Flow | -597,324 | -341,248 | 56,651 | 26,886 | 148,038 |
| Capital Expenditure | -1,146 | -20,941 | -17,139 | -11,358 | -6,859 |
| Free Cash Flow | -598,470 | -362,189 | 39,512 | 15,528 | 141,179 |