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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Merchants Bancorp's annualized Net Income for the quarter that ended in Mar. 2025 was $233.0 Mil. Merchants Bancorp's average total tangible assets for the quarter that ended in Mar. 2025 was $18,603.9 Mil. Therefore, Merchants Bancorp's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 1.25%.
The historical rank and industry rank for Merchants Bancorp's Return-on-Tangible-Asset or its related term are showing as below:
During the past 10 years, Merchants Bancorp's highest Return-on-Tangible-Asset was 2.28%. The lowest was 1.28%. And the median was 1.82%.
The historical data trend for Merchants Bancorp's Return-on-Tangible-Asset 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.
Merchants Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial |
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2.28 | 2.19 | 1.86 | 1.91 | 1.81 |
Merchants Bancorp Quarterly Data | ||||||||||||||||||||
Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | Mar25 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial |
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2.02 | 1.71 | 1.34 | 2.06 | 1.25 |
For the Banks - Regional subindustry, Merchants Bancorp's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Banks industry and Financial Services sector, Merchants Bancorp's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Merchants Bancorp's Return-on-Tangible-Asset falls into.
Merchants Bancorp's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2024 ) | (A: Dec. 2023 ) | (A: Dec. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2024 ) | (A: Dec. 2023 ) | (A: Dec. 2024 ) | |||||
= | 320.386 | / | ( (16777.472 | + | 18607.724) | / 2 ) | |
= | 320.386 | / | 17692.598 | ||||
= | 1.81 % |
Merchants Bancorp's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2025 ) | (Q: Dec. 2024 ) | (Q: Mar. 2025 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2025 ) | (Q: Dec. 2024 ) | (Q: Mar. 2025 ) | |||||
= | 232.956 | / | ( (18607.724 | + | 18600.075) | / 2 ) | |
= | 232.956 | / | 18603.8995 | ||||
= | 1.25 % |
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2025) net income data.
Merchants Bancorp (NAS:MBIN) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of Merchants Bancorp's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott A. Evans | director, officer: Lynn Market President | 410 MONON BLVD, CARMEL IN 46032 |
Michael R. Dury | officer: CEO of Merchants Capital | 410 MONON BLVD, CARMEL IN 46032 |
David N. Shane | director | 410 MONON BLVD, CARMEL IN 46032 |
Michael F. Petrie | director, 10 percent owner, officer: Chairman and CEO | 410 MONON BLVD, CARMEL IN 46032 |
Randall D. Rogers | director, officer: Vice Chairman | 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 |
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 |
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 |
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