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 $18.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

18.7 m

Gross profit (Q1, 2017)

17.5 m

Gross profit margin (Q1, 2017), %

94%

Net income (Q1, 2017)

3.6 m

EBIT (Q1, 2017)

14.2 m

Market capitalization (12-May-2017)

345.2 m

Closing share price (12-May-2017)

49.7

Cash (31-Mar-2017)

59.8 m
Merchants Bank's current market capitalization is $345.2 m.
USDFY, 2013FY, 2014FY, 2015FY, 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

15.5 m16.5 m17.8 m18.2 m18.1 m18.7 m

Cost of goods sold

1 m968 k1.2 m1.1 m1.1 m1.2 m

Gross profit

14.5 m15.5 m16.7 m17.1 m16.9 m17.5 m

Gross profit Margin, %

93%94%94%94%94%94%

Sales and marketing expense

137 k148 k192 k207 k196 k120 k

General and administrative expense

1.8 m1.8 m1.9 m1.7 m1.7 m1.8 m

Operating expense total

1.9 m1.9 m2.1 m1.9 m1.9 m1.9 m

EBIT

11.7 m12.1 m13.7 m13.8 m13.8 m14.2 m

EBIT margin, %

76%73%77%76%76%76%

Pre tax profit

3.9 m4.8 m4.5 m6 m5 m5 m

Income tax expense

801 k925 k1 m1.7 m1.1 m1.4 m

Net Income

6.8 m9.6 m3.3 m6.5 m10.3 m3.5 m7.9 m11.8 m3.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

115.5 m154.5 m150.2 m83 m

Accounts Receivable

384.5 m

Inventories

1.5 b

Goodwill

7 m7 m

Total Assets

1.7 b1.7 b2 b2.1 b

Accounts Payable

1.5 b

Total Debt

40 m

Total Liabilities

1.9 b

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

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0 x

Financial Leverage

14.4 x13.7 x13.7 x13.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

101.7 m119.7 m67.9 m40.6 m111.5 m80.6 m59.5 m78.7 m59.8 m

Inventories

1.1 b1.2 b1.2 b1.2 b1.3 b1.4 b1.4 b1.5 b1.5 b

Goodwill

6.9 m6.9 m7 m7 m

Total Assets

1.6 b1.6 b1.7 b1.7 b1.8 b2 b1.9 b2 b2 b

Accounts Payable

1.3 b1.3 b1.3 b1.3 b1.4 b1.5 b1.5 b1.5 b1.5 b

Additional Paid-in Capital

37.2 m37.2 m37.4 m37.5 m37.5 m55.2 m55.3 m55.4 m56.6 m

Retained Earnings

98.9 m100 m102.3 m103.6 m105.7 m107.8 m110.2 m112.2 m115.1 m

Total Equity

125 m125.7 m128.5 m129 m132.6 m152.6 m156.3 m158.3 m158.6 m

Financial Leverage

12.9 x13.1 x13.2 x13 x13.7 x12.9 x12.1 x12.6 x12.8 x
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

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

6.8 m9.6 m3.3 m6.5 m10.3 m3.5 m7.9 m11.8 m3.6 m

Depreciation and Amortization

1.3 m1.9 m523 k1.1 m1.7 m542 k1.1 m1.6 m481 k

Cash From Operating Activities

11.5 m15.6 m5.5 m11.2 m15.7 m5.8 m13 m20.2 m3.6 m

Cash From Investing Activities

100.5 m75.5 m(59.3 m)(71 m)(141.5 m)(10.5 m)31.5 m(48.6 m)18.4 m

Long-term Borrowings

(41 k)(62 k)(20 k)(41 k)(62 k)(1.6 m)(21 k)

Dividends Paid

(3.5 m)(5.3 m)(1.8 m)(3.5 m)(5.3 m)(1.9 m)(3.8 m)(5.8 m)(1.9 m)

Cash From Financing Activities

(125.7 m)(86.9 m)(32.8 m)(54 m)82.8 m(64.8 m)(43 m)(45.2 m)
USDY, 2017

Revenue/Employee

64.2 k

Financial Leverage

12.8 x

Merchants Bank Market Value History

Merchants Bank News and Updates

Merchants Bank Company Life and Culture

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