Merchants Bancorp (MBIN) › Shareholders' EquityMerchants Bancorp (MBIN) — Shareholders' EquityAnnual figures by fiscal year, from SEC filings.2014: $110.14M2015: $148.20M2016: $206.29M2017: $367.47M2018: $421.24M2019: $653.73M2020: $810.62M2021: $1.16B2022: $1.46B2023: $1.70B2024: $2.24B2025: $2.28B$2.28B2014Shareholders' Equity (USD)2025Fiscal YearShareholders' EquityChange YoY2025$2.28B+1.7%2024$2.24B+31.9%2023$1.70B+16.5%2022$1.46B+26.3%2021$1.16B+42.5%2020$810.62M+24.0%2019$653.73M+55.2%2018$421.24M+14.6%2017$367.47M+78.1%2016$206.29M+39.2%2015$148.20M+34.6%2014$110.14M—Other metrics: RevenueCost of RevenueGross ProfitOperating IncomeNet IncomeEPS (Diluted)Total AssetsTotal LiabilitiesCash & EquivalentsOperating Cash FlowCapital ExpendituresShares OutstandingDividends Per Share