Name | Value |
---|---|
Revenues | 379.8M |
Cost of Revenue | 189.4M |
Gross Profit | 190.4M |
Operating Expense | 62.5M |
Operating I/L | 127.9M |
Other Income/Expense | 0.0M |
Interest Income | 321.3M |
Pretax | 127.9M |
Income Tax Expense | 32.2M |
Net Income/Loss | 95.7M |
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.