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Regional settings| Spread | 0.11 | ||||
 Long position overnight feeLong position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | -0.026179% | ||||
| Short position overnight fee Short position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | 0.003957% | ||||
| Overnight fee time | 21:00 (UTC) | ||||
| Currency | USD | ||||
| Min traded quantity | 1 | ||||
| Margin | 20 | ||||
| Stock exchange | United States of America | ||||
| Commission on trade1 | 0% |
1Our charge for executing your trade is the spread, the difference between the buy and sell price. Please consult the Charges and Fees section of our website for further information
| Prev. Close | 39.17 |
| Open | 39.63 |
| 1-Year Change | 71.48% |
| Day's Range | 39.63 - 41.54 |
Merchants Bancorp is a diversified bank holding company. The Company operates in and service multiple lines of business, including multi-family housing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending, Small Business Administration (SBA) lending, and traditional community banking. The Company operates through three segments. The Multi-family Mortgage Banking segment originates, and services government sponsored mortgages for multi-family and healthcare facilities. The Mortgage Warehousing segment funds agency eligible residential loans from the date of origination or purchase, until the date of sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment provides a range of financial products and services to consumers and businesses, including retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and SBA lending.
BRIEF: For the fiscal year ended 31 December 2021, Merchants Bancorp interest income increased 10% to $311.9M. Net interest income after loan loss provision increased 29% to $273M. Net income applicable to common stockholders increased 24% to $206.2M. Net interest income after loan loss provision reflects Banking segment increase from $58.4M to $137.4M, Other segment increase of 16% to $8.5M.
