Merchants Bancorp (Merchants Bancorp) Credit Losses Provision : $40.2 Mil (As of Dec. 2023)

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What is Merchants Bancorp Credit Losses Provision?

Merchants Bancorp's credit losses provision for the three months ended in Dec. 2023 was $6.7 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $40.2 Mil.

Merchants Bancorp's quarterly credit losses provision declined from Jun. 2023 ($22.6 Mil) to Sep. 2023 ($4.0 Mil) but then increased from Sep. 2023 ($4.0 Mil) to Dec. 2023 ($6.7 Mil).

Merchants Bancorp's annual credit losses provision increased from Dec. 2021 ($5.0 Mil) to Dec. 2022 ($17.3 Mil) and increased from Dec. 2022 ($17.3 Mil) to Dec. 2023 ($40.2 Mil).

Merchants Bancorp Credit Losses Provision Historical Data

The historical data trend for Merchants Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Merchants Bancorp Credit Losses Provision Chart

Merchants Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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3.94

11.84

5.01

17.30

40.23

Merchants Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															6.41	6.87	22.60	4.01	6.75

Merchants Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $40.2 Mil.

Merchants Bancorp (Merchants Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Merchants Bancorp (NAS:MBIN) » Definitions » Credit Losses Provision

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MBINM.PFD:USA MBINN.PFD:USA MBINO.PFD:USA MBINP.PFD:USA

Address

410 Monon Boulevard, Carmel, IN, USA, 46032

Website

https://www.merchantsbankofindiana.com

Merchants Bancorp is a United States based bank holding company. It operates multiple lines of business focusing on FHA (Federal Housing Administration) multi-family housing and healthcare facility financing and servicing, retail and correspondent residential mortgage banking, traditional community banking. The business segments of the company are: Multi-family Mortgage Banking which originates and services government-sponsored mortgages for multi-family and healthcare facilities; Mortgage Warehousing segment which funds agency-eligible residential loans as well as commercial loans to nondepository financial institutions; and Banking segment that provides a wide range of financial products and services to consumers and businesses, including commercial and other consumer loan products.

Executives

Randall D. Rogers	director, officer: Vice Chairman	410 MONON BLVD, CARMEL IN 46032
Michael R. Dury	officer: CEO of Merchants Capital	410 MONON BLVD, CARMEL IN 46032
Michael F. Petrie	director, 10 percent owner, officer: Chairman and CEO	410 MONON BLVD, CARMEL IN 46032
Michael J. Dunlap	director, officer: President, COO	410 MONON BLVD, CARMEL IN 46032
Terry A Oznick	officer: SVP, General Counsel	410 MONON BLVD, CARMEL IN 46032
Anne E. Sellers	director	410 MONON BLVD, CARMEL IN 46032
Andrew Juster	director	410 MONON BLVD, CARMEL IN 46032
David N. Shane	director	410 MONON BLVD, CARMEL IN 46032
Sue Anne Gilroy	director	410 MONON BLVD, CARMEL IN 46032
Kevin T Langford	officer: Chief Administrative Officer	410 MONON BLVD, CARMEL IN 46032
Susan Dehner Kucer	officer: Indianpolis Market President	410 MONON BLVD, CARMEL IN 46032
Scott A. Evans	director, officer: Lynn Market President	410 MONON BLVD, CARMEL IN 46032
Jerry F. Koors	officer: Merchants Mortgage President	410 MONON BLVD, CARMEL IN 46032
John F. Macke	officer: Chief Financial Officer	410 MONON BLVD, CARMEL IN 46032
Jody J. Petrie	10 percent owner	11555 N. MERIDIAN STREET, SUITE 400, CARMEL IN 46032