Merchants Bank

Established in 1849, Merchants Bank is the largest Vermont-based bank. The bank's consumer, business, municipal and investment customers enjoy personalized relationships, sophisticated online and mobile banking options with 31 branches conveniently located around Vermont and 1 location in Massachusetts, operating as NUVO, A division of Merchants Bank.
Type
Public
HQ
South Burlington, US
Founded
1849
Size (employees)
291 (est)
Website
mbvt.com
Merchants Bank was founded in 1849 and is headquartered in South Burlington, US

Merchants Bank Office Locations

Merchants Bank has an office in South Burlington
South Burlington, US (HQ)
275 Kennedy Dr

Merchants Bank Data and Metrics

Merchants Bank Financial Metrics

Merchants Bank's revenue was reported to be $72.4 m in 2016
Numbers are in $, USD

Revenue (Y, 2016)

72.4 m

Revenue growth (Y, 2015 - Y, 2016), %

39%

Gross profit (Y, 2016)

67.9 m

Gross profit margin (Y, 2016), %

94%

Net income (Y, 2016)

14.9 m

EBIT (Y, 2016)

55.2 m

Market capitalization (12-May-2017)

345.2 m

Closing share price (12-May-2017)

49.7

Cash (31-Dec-2016)

83 m
Merchants Bank's current market capitalization is $345.2 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015Y, 2016

Revenue

54 m51 m52.1 m72.4 m

Revenue growth, %

(6%)2%39%

Cost of goods sold

4.1 m4.5 m

Gross profit

48.1 m67.9 m

Gross profit Margin, %

92%94%

Operating expense total

44 m47.3 m

EBIT

48.1 m55.2 m

EBIT margin, %

92%76%

Pre tax profit

15.8 m19.6 m

Income tax expense

3.2 m4.7 m

Net Income

15.1 m12.1 m12.6 m14.9 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

115.5 m154.5 m150.2 m83 m

Accounts Receivable

Inventories

Goodwill

7 m7 m

Total Assets

1.7 b1.7 b2 b2.1 b

Accounts Payable

Preferred Stock

Additional Paid-in Capital

37.1 m37.4 m55.1 m55.8 m

Retained Earnings

95.7 m100.7 m106.2 m113.4 m

Total Equity

119.6 m125.8 m148.1 m156.5 m

Financial Leverage

14.4 x13.7 x13.7 x13.2 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

15.1 m12.1 m12.6 m14.9 m

Depreciation and Amortization

2.2 m2.5 m2.1 m2.1 m

Accounts Receivable

369 k369 k

Inventories

Accounts Payable

42 k42 k

Cash From Operating Activities

22.6 m15.9 m20.1 m22.2 m

Cash From Investing Activities

6.6 m36.7 m(143.4 m)(122.3 m)

Long-term Borrowings

(80 k)(83 k)(1.6 m)

Dividends Paid

(6.4 m)(7.1 m)(7.1 m)(7.7 m)

Cash From Financing Activities

9 m(13.7 m)119 m
Numbers are in $, USDY, 2016

Revenue/Employee

248.9 k

Financial Leverage

13.2 x

Merchants Bank Market Value History

Merchants Bank News and Updates

Merchants Bank Company Life and Culture

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