Name | Value |
---|---|
Revenues | 349.1M |
Cost of Revenue | -5.9M |
Gross Profit | 355.0M |
Operating Expense | 21.1M |
Operating I/L | 119.4M |
Other Income/Expense | -11.1M |
Interest Income | 40.9M |
Pretax | 114.3M |
Income Tax Expense | 27.2M |
Net Income/Loss | 87.1M |
Merchants Bancorp is a diversified bank holding company in the United States, operating through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment specializes in government-sponsored mortgages for multi-family and healthcare facilities, offering customized loan products and serving as a syndicator of low-income housing tax credit and debt funds. The Mortgage Warehousing segment funds agency eligible residential loans and commercial loans to non-depository financial institutions. The Banking segment provides a wide range of financial products and services to consumers and businesses, including deposit products, multi-family construction and bridge, commercial real estate, and consumer loan products.