Merchants Bancorp (MBIN)

US — Financial Services Sector
Peers: FRME  STBA  SRCE  GABC  TCBK  LKFN  NBHC  WAFD  LOB  STEL 

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Key Metrics & Ratings

  • symbol MBIN
  • Rev/Share 30.2717
  • Book/Share 48.5212
  • PB 0.6581
  • Debt/Equity 1.3043
  • CurrentRatio 0.0
  • ROIC 0.0086

 

  • MktCap 1465221497.0
  • FreeCF/Share -10.8572
  • PFCF -2.9424
  • PE 5.939
  • Debt/Assets 0.15
  • DivYield 0.0122
  • ROE 0.1119

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 4
  • DCF Score 1
  • P/B Score 4
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation MBIN Morgan Stanley -- Equal Weight -- $54 Sept. 9, 2024

News

Merchants Bancorp: Finding Value In The Common And Series E And D Preferred Shares
MBIN
Published: October 29, 2025 by: Seeking Alpha
Sentiment: Positive

Merchants Bancorp is a regional bank focused on mortgage banking in Indianapolis and Richmond, Indiana. The company grew deposits in Q3 2025, allowing it to reduce reliance on expensive Federal Home Loan Bank funding. While credit quality remains an issue in the near term, analyst project a sizable uptick in 2026 earnings.

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image for news Merchants Bancorp: Finding Value In The Common And Series E And D Preferred Shares
Merchants Bancorp (MBIN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
MBIN
Published: October 28, 2025 by: Zacks Investment Research
Sentiment: Positive

Although the revenue and EPS for Merchants Bancorp (MBIN) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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image for news Merchants Bancorp (MBIN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Analysts Estimate Merchants Bancorp (MBIN) to Report a Decline in Earnings: What to Look Out for
MBIN
Published: October 20, 2025 by: Zacks Investment Research
Sentiment: Negative

Merchants Bancorp (MBIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Analysts Estimate Merchants Bancorp (MBIN) to Report a Decline in Earnings: What to Look Out for
Merchants Bancorp Preferreds: Yield Opportunity Or Value Trap?
MBIN
Published: July 31, 2025 by: Seeking Alpha
Sentiment: Negative

Merchants Bancorp preferreds offer attractive yields but come with elevated credit and liquidity risks. Non-cumulative structure means suspended dividends are lost permanently. Exposure to multifamily and mortgage lending remains vulnerable in downturns.

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image for news Merchants Bancorp Preferreds: Yield Opportunity Or Value Trap?
Analysts Estimate Merchants Bancorp (MBIN) to Report a Decline in Earnings: What to Look Out for
MBIN
Published: July 21, 2025 by: Zacks Investment Research
Sentiment: Negative

Merchants Bancorp (MBIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Read More
image for news Analysts Estimate Merchants Bancorp (MBIN) to Report a Decline in Earnings: What to Look Out for
Compared to Estimates, Merchants Bancorp (MBIN) Q1 Earnings: A Look at Key Metrics
MBIN
Published: April 28, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Merchants Bancorp (MBIN) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Read More
image for news Compared to Estimates, Merchants Bancorp (MBIN) Q1 Earnings: A Look at Key Metrics

About Merchants Bancorp (MBIN)

  • IPO Date 2017-10-27
  • Website https://www.merchantsbancorp.com
  • Industry Banks - Regional
  • CEO Michael F. Petrie CMB
  • Employees 663

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. This segment also offers customized loan products for independent living, assisted living, memory care, and skilled nursing projects; and operates as a syndicator of low-income housing tax credit and debt funds. The Mortgage Warehousing segment funds agency eligible residential loans, including origination, purchase, and sale in the secondary market, 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, such as various types of deposit products, as well as multi-family construction and bridge, commercial real estate, commercial and industrial, agricultural, residential mortgage, and consumer loan products. This segment also provides single-family mortgage lending; construction, bridge, and lot financing; first-lien home equity lines of credit; and small business administration lending products and services. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.