OverviewSuggest Edit

Merchants Bank of Indiana focuses on several aspects of mortgage and agricultural lending and retail banking services from Central Indiana locations.
TypePublic
Founded1990
HQCarmel, US
Websitemerchantsbankofindiana.com

Latest Updates

Employees (est.) (Dec 2019)329(+28%)
Job Openings1
Revenue (FY, 2019)$47.1 M(-5%)
Share Price (Jul 2020)$18.4 (-3%)
Cybersecurity ratingAMore

Key People/Management at Merchants Bank of Indiana

Michael F. Petrie

Michael F. Petrie

Chairman

Merchants Bank of Indiana Office Locations

Merchants Bank of Indiana has an office in Carmel
Carmel, US (HQ)
11555 N Meridian St #400
Show all (1)

Merchants Bank of Indiana Financials and Metrics

Merchants Bank of Indiana Revenue

Merchants Bank of Indiana's revenue was reported to be $47.09 m in FY, 2019
USD

Revenue (Q1, 2020)

19.9m

Net income (Q1, 2020)

24.6m

Market capitalization (31-Jul-2020)

529.8m

Closing stock price (31-Jul-2020)

18.4

Cash (31-Mar-2020)

568.1m

EV

406.3m
Merchants Bank of Indiana's current market capitalization is $529.8 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

47.7m49.6m47.1m

R&D expense

1.2m1.5m2.6m

Operating expense total

5.0m7.6m11.0m

Interest expense

27.8m50.6m89.7m
Quarterly
USDQ3, 2017Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

8.1m11.9m3.7m9.9m10.9m19.9m

R&D expense

325.0k412.0k472.0k674.0k610.0k

Operating expense total

1.4m1.8m1.8m2.4m2.8m3.0m

Interest expense

7.6m14.1m15.5m20.8m27.1m22.1m
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

359.5m336.5m506.7m

Accounts Receivable

1.4b2.0b3.0b

PP&E

5.4m15.1m29.3m

Goodwill

3.9m17.5m15.8m
Quarterly
USDQ3, 2017Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

566.8m410.8m313.5m460.9m365.0m568.1m

Accounts Receivable

1.2b1.9b2.2b2.3b2.7b3.5b

PP&E

5.1m10.8m21.1m26.6m29.2m29.4m

Goodwill

6.0m5.3m17.1m15.6m15.6m15.8m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

54.7m62.9m77.3m

Depreciation and Amortization

296.0k461.0k852.0k

Cash From Operating Activities

(175.9m)203.6m(1.3b)

Purchases of PP&E

(788.0k)(9.2m)(14.0m)
Quarterly
USDQ3, 2017Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

34.4m47.5m10.6m27.0m47.3m24.6m

Depreciation and Amortization

201.0k336.0k137.0k285.0k436.0k453.0k

Cash From Operating Activities

31.7m104.8m2.7m(983.4m)(1.7b)(871.6m)

Purchases of PP&E

(754.0k)(5.4m)(4.2m)(9.6m)(12.3m)(594.0k)
USDQ3, 2017

Financial Leverage

13.3 x
Show all financial metrics

Merchants Bank of Indiana Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Merchants Bank of Indiana Online and Social Media Presence

Embed Graph

Merchants Bank of Indiana Blogs

We Are Your Bank – 24/7

During this time, we realize many of our customers may need assistance processing necessary banking transactions. Our banking professionals are ready to provide assistance and are here to serve you. Our Mobile Banking app and Online Banking services will allow you to securely bank wherever you are, …

Merchants Bank COVID-19 Update

With the health and safety of our customers and employees as our top priority, beginning Wednesday, March 18, we are implementing the following measures: MERCHANTS BANK OF INDIANA BRANCH AVAILABILITY Our branches will operate by drive-thru only where drive-thru service is available. For branches wit…

Merchants Bank of Indiana and Merchants Capital Named to Best Places to Work in Indiana List for Fifth Straight Year

Download Full Press Release CARMEL, Ind. – Carmel-based Merchants Bancorp (NASDAQ: MBIN), announced today that subsidiaries Merchants Bank of Indiana and Merchants Capital have been named to the Best Places to Work in Indiana list for the fifth consecutive year. This is the first year the company ha…

Merchants Bank of Indiana Announces Grand Opening of New Bank Branch in Richmond, Indiana

Download Press Release Merchants Bank of Indiana (NASDAQ:MBIN) (“Merchants”) today announces its official Grand Opening celebration of its new bank branch in Richmond, Indiana. The ribbon cutting ceremony will take place at 10:30 a.m. on Friday, Feb. 21 at 701 E. Main Street. The 11,286-square-foot …

The Value of Warehouse Lenders in the Mortgage Market

Recently named by Inside Mortgage Finance as the #7 Warehouse Lender in the country, our Warehouse Lending Division experienced a record year in 2019.  Merchants offers its partners a wide array of products and services, including loan participations and warehouse lines of credit to a national custo…

Merchants Bank of Indiana Hires Two Treasury Management Officers

Download Press Release   CARMEL, Ind. (Jan. 27, 2020) – Merchants Bank of Indiana (NASDAQ:MBIN) (“Merchants Bank”), announces today the hiring of Annie Barbato and Rhonda J. Vandivier as Treasury Management Officers. Both Barbato and Vandivier are based at the company’s office in Carmel, Indiana. Ba…
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Merchants Bank of Indiana Frequently Asked Questions

  • When was Merchants Bank of Indiana founded?

    Merchants Bank of Indiana was founded in 1990.

  • Who are Merchants Bank of Indiana key executives?

    Merchants Bank of Indiana's key executives are Michael F. Petrie.

  • How many employees does Merchants Bank of Indiana have?

    Merchants Bank of Indiana has 329 employees.

  • What is Merchants Bank of Indiana revenue?

    Latest Merchants Bank of Indiana annual revenue is $47.1 m.

  • What is Merchants Bank of Indiana revenue per employee?

    Latest Merchants Bank of Indiana revenue per employee is $143.1 k.

  • Who are Merchants Bank of Indiana competitors?

    Competitors of Merchants Bank of Indiana include First Financial Northwest, First Internet Bancorp and Eagle Bancorp.

  • Where is Merchants Bank of Indiana headquarters?

    Merchants Bank of Indiana headquarters is located at 11555 N Meridian St #400, Carmel.

  • Where are Merchants Bank of Indiana offices?

    Merchants Bank of Indiana has an office in Carmel.

  • How many offices does Merchants Bank of Indiana have?

    Merchants Bank of Indiana has 1 office.