Company Overview
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates, and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for housing development and healthcare facilities financing. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.
Why Investors Should Care
Net profit has compounded at 22.7% per year over the last five years.
Trades at a P/E of 12.1, below the sector median of 13.5.
Maintains a net profit margin of 39.0%.
Recent Developments
- Trailing 12 Months Year-on-year growth — revenue +15.8%, earnings +34.5%.
- 5-Year Trend Long-term compounding — profit CAGR 22.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | - |
| 1 Year: | 15.80% |
Compounded Profit Growth
| 5 Years: | 22.66% |
| 1 Year: | 34.50% |
Stock Price Performance
| 1 Year: | +41.23% |
| 6 Months: | +42.79% |
| 3 Months: | +4.42% |
| 1 Month: | -0.98% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)56.96 · Neutral
P/E of 12.08 is below the sector median of 13.52 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 39.0%.
- Profit CAGR of 22.7% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MBIN Merchants Bancorp R2K | 49.51 | 12.08 | $2.27B | 0.90% | - | 10.17% | - | 22.66% |
| 2 | JPM JPMorgan Chase & Co. SPX | 346.91 | 16.61 | $929.55B | 1.87% | - | 16.47% | 5.35% | 7.56% |
| 3 | BRK-B Berkshire Hathaway Inc. SPX | 488.35 | 14.54 | $682.86B | 0.00% | - | 10.50% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPX | 355.14 | 30.99 | $589.43B | 0.75% | 37.15% | 60.35% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPX | 535.21 | 30.99 | $469.40B | 0.65% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPX | 61.59 | 15.28 | $432.24B | 1.88% | - | 10.64% | 6.00% | 3.49% |
| 7 | MS Morgan Stanley SPX | 228.55 | 20.70 | $360.49B | 1.76% | - | 16.39% | 3.76% | 9.66% |
| 8 | GS The Goldman Sachs Group, Inc. SPX | 1,152.07 | 17.79 | $339.87B | 1.58% | - | 16.95% | - | 2.21% |
| 9 | WFC Wells Fargo & Company SPX | 87.51 | 13.53 | $267.80B | 2.11% | - | 12.03% | 4.02% | 15.98% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 5.15M | 7.62M | 11.60M | 8.75M | 9.13M | 14.76M | 10.47M | 20.33M | 15.06M | 15.65M | 16.74M | 15.42M | 10.57M | 16.44M | 20.26M | 30.06M | 24.58M | 41.16M | 55.00M | 59.79M | 61.98M | 51.42M | 58.50M | 55.20M | 50.14M | 53.94M | 58.49M | 57.16M | 54.95M | 65.30M | 81.50M | 77.47M | 87.05M | 76.39M | 61.27M | 58.24M | 37.98M | 54.70M | 67.73M |
| Diluted EPS | 0.23 | 0.36 | 0.51 | 0.38 | 0.39 | 0.66 | 0.45 | 0.73 | 0.50 | 0.52 | 0.55 | 0.51 | 0.34 | 0.51 | 0.60 | 0.92 | 0.49 | 0.87 | 1.19 | 1.30 | 1.35 | 1.06 | 1.22 | 1.14 | 1.02 | 1.11 | 1.22 | 1.12 | 1.07 | 1.31 | 1.68 | 1.58 | 1.80 | 1.49 | 1.17 | 0.93 | 0.60 | 0.97 | 1.25 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 28.38M | 33.13M | 54.68M | 62.87M | 77.33M | 180.53M | 227.10M | 219.72M | 279.23M | 320.39M | 218.77M |
| Diluted EPS | 1.35 | 1.47 | 2.28 | 2.07 | 1.58 | 3.85 | 4.76 | 4.47 | 5.64 | 6.30 | 3.78 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 2.27B | 2.72B | 3.39B | 3.88B | 6.37B | 9.65B | 11.28B | 12.62B | 16.95B | 18.81B | 19.45B |
| Total Equity | 110.14M | 148.20M | 206.29M | 367.47M | 421.24M | 653.73M | 810.62M | 1.16B | 1.46B | 1.70B | 2.24B | 2.28B |
| Cash & Equivalents | 229.66M | 446.80M | 445.70M | 359.52M | 336.52M | 506.71M | 179.73M | 1.03B | 226.16M | - | - | - |
| Long Term Debt | - | - | 57.01M | 56.61M | 195.45M | 181.44M | - | - | - | - | - | - |
| Total Liabilities | - | - | 2.51B | 3.03B | 3.46B | 5.72B | 8.83B | 10.12B | 11.16B | 15.25B | 16.56B | 17.17B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 118.33M | -149.77M | -175.89M | 204.34M | -1.26B | -874.89M | - | 975.77M | -356.40M | -835.28M | -341.25M |
| Investing Cash Flow | -349.33M | -265.30M | -523.14M | -509.07M | -957.67M | -2.53B | - | -2.86B | -3.26B | -874.27M | -195.67M |
| Financing Cash Flow | 448.15M | 413.97M | 612.84M | 281.74M | 2.38B | 3.08B | - | 1.08B | 3.97B | 1.60B | 272.51M |
| Capital Expenditure | -322.00K | -1.20M | -788.00K | -9.20M | -13.98M | -3.62M | - | -8.82M | -7.53M | -18.39M | -35.42M |
| Free Cash Flow | 118.01M | -150.97M | -176.67M | 195.14M | -1.27B | -878.51M | - | 966.96M | -363.93M | -853.67M | -376.67M |
| Net Change in Cash | - | - | - | - | - | - | - | -806.45M | 358.26M | -107.81M | -264.41M |
| Share Buybacks | - | - | - | - | - | - | - | 3.94M | - | - | - |
| Dividends Paid | 4.22M | 6.22M | 7.95M | 10.22M | 17.25M | 23.67M | 31.23M | 38.07M | 48.51M | 51.17M | 59.42M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - |
| ROE % | 19.2% | 16.1% | 14.9% | 14.9% | 11.8% | 22.3% | 19.7% | 15.1% | 16.4% | 14.3% | 9.6% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Elser Financial Planning, Inc | 58.36% | 26.81M | $1.31B |
| 2 | Blackrock Inc. | 8.82% | 4.05M | $198.41M |
| 3 | Dimensional Fund Advisors LP | 3.83% | 1.76M | $86.16M |
| 4 | Doma Perpetual Capital Management LLC | 2.43% | 1.12M | $54.64M |
| 5 | Nomura Asset Management International Inc | 2.38% | 1.09M | $53.54M |
| 6 | State Street Corporation | 2.25% | 1.03M | $50.68M |
| 7 | Vanguard Capital Management LLC | 2.18% | 1.00M | $49.02M |
| 8 | American Century Companies Inc | 1.62% | 742.63K | $36.37M |
| 9 | Geode Capital Management, LLC | 1.58% | 725.43K | $35.53M |
| 10 | Royce & Associates LP | 1.23% | 567.27K | $27.78M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MBIN
Here’s Why Morgan Stanley Raised Merchants Bancorp (MBIN) Stock Target - Yahoo Finance
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What Merchants Bancorp (MBIN)'s US$100 Million Buyback and Analyst Support Means For Shareholders - simplywall.st
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Merchants Bancorp Declares Quarterly Common and Preferred Dividends - PR Newswire
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3 Reasons MBIN is Risky and 1 Stock to Buy Instead - The Globe and Mail
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Merchants Bancorp (NASDAQ:MBIN) Given Average Recommendation of "Moderate Buy" by Brokerages - MarketBeat
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Responsive Playbooks and the MBIN Inflection - Stock Traders Daily
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MBIN — Frequently Asked Questions
What is the current share price of Merchants Bancorp (MBIN)?
As of 2026-07-15 16:51 PDT, Merchants Bancorp (MBIN) trades at $49.51 on NasdaqCM. Its 52-week range is $28.87 to $50.36.
What is the market capitalisation of MBIN?
Merchants Bancorp (MBIN) has a market capitalisation of $2.27B on NasdaqCM.
What is the P/E ratio of MBIN?
MBIN trades at a trailing price-to-earnings (P/E) ratio of 12.08. The industry average P/E is 13.52. Its price-to-book (P/B) ratio is 1.26.
Does MBIN pay a dividend?
Merchants Bancorp (MBIN) currently offers a dividend yield of 0.90%.
What is the return on equity (ROE) of MBIN?
MBIN has a return on equity (ROE) of 10.17%.
Is MBIN a good stock to buy?
This page provides a data-driven analysis of Merchants Bancorp (MBIN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.