Merchants Bancorp (Merchants Bancorp) Scaled Net Operating Assets : 0.12 (As of Mar. 2024)

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What is Merchants Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Merchants Bancorp's operating assets for the quarter that ended in Mar. 2024 was $16,252.53 Mil. Merchants Bancorp's operating liabilities for the quarter that ended in Mar. 2024 was $14,260.12 Mil. Merchants Bancorp's Total Assets for the quarter that ended in Dec. 2023 was $16,952.52 Mil. Therefore, Merchants Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.12.

Merchants Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Merchants Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(16368.094	-	14287.305)	/	12615.227
=	0.16

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	16952.516	-	584.422
=	16368.094

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	15251.432	-	964.127	-	0
=	14287.305

Merchants Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(16252.533	-	14260.123)	/	16952.516
=	0.12

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	17822.576	-	1570.043
=	16252.533

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16046.108	-	1785.985	-	0
=	14260.123

* 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 (Merchants Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Merchants Bancorp (NAS:MBINO.PFD) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MBINM.PFD:USA MBINN.PFD:USA MBINP.PFD:USA MBIN: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.