MBIN

Merchants Bancorp
NASDAQFINANCIAL SERVICESBANKS - REGIONAL

Key Statistics

Market Cap
$2.40B
P/E Ratio
8.59
EPS
$6.07
Beta
1.19
52W High
$56.75
52W Low
$30.08
50-Day MA
$50.97
200-Day MA
$47.95
Dividend Yield
0.19%
Profit Margin
45.40%
Forward P/E
—
PEG Ratio
—

About Merchants Bancorp

Merchants Bancorp is the diversified bank holding company in the United States. The company is headquartered in Carmel, Indiana.

Official WebsiteUSAFY End: December

Fundamentals

Revenue (TTM)$703.44M
Gross Profit (TTM)$703.44M
EBITDA—
Operating Margin65.50%
Return on Equity13.60%
Return on Assets1.59%
Revenue/Share (TTM)$15.32
Book Value$42.05
Price-to-Book1.27
Price-to-Sales (TTM)3.40
EV/Revenue7.89
EV/EBITDA—
Quarterly Earnings Growth (YoY)112.70%
Quarterly Revenue Growth (YoY)50.10%
Shares Outstanding$45.94M
Float$25.38M
% Insiders45.94%
% Institutions41.07%

Historical Volatility

HV 10-Day
38.03%
HV 20-Day
31.07%
HV 30-Day
29.50%
HV 60-Day
23.29%
HV Rank
52.0%

Volatility is currently expanding

Analyst Ratings

Consensus ($67.00 target)
1
Strong Buy
2
Hold

Latest News

Merchants Bancorp Reports Third Quarter of 2026 Results

Net income of $105.2 million in the third quarter of 2026 increased $50.5 million, or 92%, compared to the third quarter of 2025, and increased $26.9 million, or 34%, compared to the second quarter of 2026. Diluted earnings per common share of $2.06 in the third quarter of 2026 increased 112% compared to the third quarter of 2025 and increased 39% compared to the second quarter of 2026.

PRNewsWire10/28/2026Neutral
New Strong Buy Stocks for August 3rd

FORM, LRCX, VRT, MBIN and SNDR have been added to the Zacks Rank #1 (Strong Buy) List on August 3rd, 2026.

Zacks Investment Research8/3/2026Positive
Merchants Bancorp Reports Second Quarter of 2026 Results

Net income of $78.3 million in the second quarter of 2026 increased $40.3 million, or 106%, compared to the second quarter of 2025, and increased $10.6 million, or 16%, compared to the first quarter of 2026. Diluted earnings per common share of $1.48 in the second quarter of 2026 increased 147% compared to the second quarter of 2025 and increased 18% compared to the first quarter of 2026.

PRNewsWire7/28/2026Neutral
Merchants Bancorp Preferreds Update: 2 Buys, 1 Sell

Merchants Bancorp does business in just a small slice in the state of Indiana. MBIN demonstrates financial strength by redeeming preferreds and maintaining decent coverage ratios: 5.7x net income to preferred dividends and 3.2x TCE to par. MBIN's business model leverages high-margin mortgage warehousing, supporting book value growth and stable preferred dividend coverage.

Seeking Alpha7/24/2026Positive

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Data last updated: 11/7/2026