Merchants Bank of Indiana
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|
Revenues | 165m | 343m | 428m | 440m | 559m | 646m | 659m |
% growth | 22 % | 108 % | 25 % | 3 % | 27 % | 15 % | 2 % |
Profit | 77.3m | 181m | 227m | 220m | 279m | - | - |
% profit margin | 47 % | 53 % | 53 % | 50 % | 50 % | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $7.0m | Early VC | |
* | N/A | N/A | IPO |
N/A | $21.9m | Post IPO Equity | |
N/A | $46.2m | Post IPO Equity | |
* | N/A | $98.0m | Post IPO Equity |
Total Funding | €6.4m |
Recent News about Merchants Bank of Indiana
EditMerchants Bank of Indiana is a financial institution that offers a wide range of banking services, including personal banking, business banking, and mortgage services. The bank is particularly known for its expertise in providing financing solutions for multifamily, affordable, senior, and student housing. Clients include individual consumers, small to medium-sized businesses, and real estate developers. Operating primarily in the state of Indiana, the bank leverages both traditional and online banking platforms to serve its customers. Merchants Bank of Indiana generates revenue through interest on loans, fees for banking services, and other financial products. The bank prides itself on offering competitive deposit rates, free online and mobile banking, and nationwide free ATM access. Additionally, it provides specialized lending options through its subsidiary, Merchants Capital, which is one of the top lenders for refinancing, acquisition, new construction, and substantial rehabilitation projects.
Keywords: multifamily housing, affordable housing, senior housing, student housing, personalized services, competitive rates, online banking, mortgage services, business loans, Indiana.