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Merchants Financial Group

OTCPK:MFGI
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MFGI
OTCPK
$202M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Merchants Financial Group, Inc. operates as the bank holding company for Merchants Bank, National Association that provides various banking products and services to individual and business customers in the United States. The last earnings update was 107 days ago. More info.


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MFGI Share Price and Events
7 Day Returns
-1.3%
OTCPK:MFGI
1.6%
US Banks
0.2%
US Market
1 Year Returns
1.4%
OTCPK:MFGI
-9.3%
US Banks
2.9%
US Market
MFGI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Merchants Financial Group (MFGI) -1.3% -3.3% 2.8% 1.4% 62.6% 116.1%
US Banks 1.6% -1.8% -1.4% -9.3% 38.6% 47.3%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • MFGI outperformed the Banks industry which returned -9.3% over the past year.
  • MFGI underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
MFGI
Industry
5yr Volatility vs Market

MFGI Value

 Is Merchants Financial Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Merchants Financial Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Merchants Financial Group.

OTCPK:MFGI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $59.01 * 10.4%
$6.16
Book Value of Equity per Share Median Book Value from the past 5 years. $59.01
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:MFGI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.625 (1 + (1- 21%) (60.29%))
0.949
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.949 * 5.96%)
8.38%

Discounted Cash Flow Calculation for OTCPK:MFGI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Merchants Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:MFGI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.4% – 8.38%) * $59.01)
$1.22
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.22 / (8.38% - 2.73%)
$21.51
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $59.01 + $21.51
$80.52
OTCPK:MFGI Discount to Share Price
Calculation Result
Value per share (USD) From above. $80.52
Current discount Discount to share price of $74.00
= -1 x ($74.00 - $80.52) / $80.52
8.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Merchants Financial Group is available for.
Intrinsic value
8%
Share price is $74 vs Future cash flow value of $80.52
Current Discount Checks
For Merchants Financial Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Merchants Financial Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Merchants Financial Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Merchants Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Merchants Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MFGI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $7.11
OTCPK:MFGI Share Price ** OTCPK (2019-05-22) in USD $74
United States of America Banks Industry PE Ratio Median Figure of 595 Publicly-Listed Banks Companies 12.86x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Merchants Financial Group.

OTCPK:MFGI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:MFGI Share Price ÷ EPS (both in USD)

= 74 ÷ 7.11

10.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Merchants Financial Group is good value based on earnings compared to the US Banks industry average.
  • Merchants Financial Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Merchants Financial Group's expected growth come at a high price?
Raw Data
OTCPK:MFGI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
4.8%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.36x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Merchants Financial Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Merchants Financial Group's assets?
Raw Data
OTCPK:MFGI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $66.62
OTCPK:MFGI Share Price * OTCPK (2019-05-22) in USD $74
United States of America Banks Industry PB Ratio Median Figure of 600 Publicly-Listed Banks Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:MFGI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:MFGI Share Price ÷ Book Value per Share (both in USD)

= 74 ÷ 66.62

1.11x

* Primary Listing of Merchants Financial Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Merchants Financial Group is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Merchants Financial Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Merchants Financial Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MFGI Future Performance

 How is Merchants Financial Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Merchants Financial Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Merchants Financial Group expected to grow at an attractive rate?
  • Merchants Financial Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Merchants Financial Group's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Merchants Financial Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:MFGI Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MFGI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 4.8%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:MFGI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MFGI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 85 27 19
2017-12-31 78 43 21
2016-12-31 80 18 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Merchants Financial Group's earnings are expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Merchants Financial Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:MFGI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Merchants Financial Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MFGI Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 7.11
2017-12-31 7.82
2016-12-31 5.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Merchants Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Merchants Financial Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Merchants Financial Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MFGI Past Performance

  How has Merchants Financial Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Merchants Financial Group's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Merchants Financial Group's year on year earnings growth rate has been positive over the past 5 years.
  • Merchants Financial Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Merchants Financial Group's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Earnings and Revenue History
Merchants Financial Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Merchants Financial Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MFGI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 85.16 18.89 46.99
2017-12-31 78.47 20.88 42.37
2016-12-31 79.69 14.16 42.78
2015-12-31 74.40 13.46 39.75
2014-12-31 70.35 12.35 37.51
2013-12-31 68.61 11.61 36.23
2012-12-31 73.95 12.44 34.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Merchants Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Merchants Financial Group used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Merchants Financial Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Merchants Financial Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Merchants Financial Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MFGI Health

 How is Merchants Financial Group's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Merchants Financial Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Merchants Financial Group Company Filings, last reported 4 months ago.

OTCPK:MFGI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 177.72 121.85 46.58
2017-12-31 166.23 73.16 25.84
2016-12-31 150.11 95.02 21.38
2015-12-31 138.99 183.40 34.00
2014-12-31 131.19 158.80 33.24
2013-12-31 116.00 96.58 33.34
2012-12-31 112.18 81.80 66.29
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Merchants Financial Group has an acceptable proportion of non-loan assets held.
  • Merchants Financial Group's liabilities are made up of primarily low risk sources of funding.
  • Loans at Merchants Financial Group are broadly funded by customer deposits.
  • Merchants Financial Group's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Merchants Financial Group has a low allowance for bad loans.
  • Merchants Financial Group has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Merchants Financial Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Merchants Financial Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MFGI Dividends

 What is Merchants Financial Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.12%
Current annual income from Merchants Financial Group dividends.
If you bought $2,000 of Merchants Financial Group shares you are expected to receive $62 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Merchants Financial Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Merchants Financial Group's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:MFGI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 477 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:MFGI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-05 2.310 3.146
2018-02-09 1.120 1.532
2017-02-10 1.110 1.792
2016-02-16 1.030 2.109
2015-02-11 0.950 2.248
2014-02-05 0.860 2.372
2013-02-01 0.800 2.491

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Merchants Financial Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Merchants Financial Group only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Merchants Financial Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Merchants Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Merchants Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Merchants Financial Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MFGI Management

 What is the CEO of Merchants Financial Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Evans
AGE 55
TENURE AS CEO 2.3 years
CEO Bio

Mr. Gregory M. Evans, also known as Greg, has been the Chief Executive Officer and President at Merchants Financial Group, Inc. and Merchants Bank since February 2017. Mr. Evans served as Chief Banking Officer of Merchants Bank. He served as the President and Chief Banking Officer of Winona at Merchants Financial Group, Inc. since December 2013. Mr. Evans served as Chief Banking Officer at Merchants Financial Group, Inc. He served as Northern Regional President of Merchants Bank NA. He served as the Regional President of Merchants Bank of Cannon Falls & Red Wing at Merchants Financial Group Inc. He has been Director of Merchants Financial Group, Inc. since April 2017 and Merchants Bank, National Association since 2017. He is a graduate of Winona Senior High School and Valparaiso (Ind.) University. He joined Merchants in 1989 as the first Marketing Department was being created and served as Director of Marketing until 2007.

CEO Compensation
  • Insufficient data for Greg to compare compensation growth.
  • Insufficient data for Greg to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Greg Evans

TITLE
President
AGE
55
TENURE
2.3 yrs

Sue Savat

TITLE
Senior VP & CFO
AGE
51
TENURE
10.3 yrs

Rod Nelsestuen

TITLE
Chief Information Officer and Senior VP
AGE
67

Mary Gordon

TITLE
Vice President & Director of Marketing

Alberta Rosburg

TITLE
Chief Human Resource Officer
AGE
61

Mark McGrory

TITLE
Chief Credit Officer & Senior VP
AGE
59

Cindy Harrison

TITLE
Senior Vice President & Credit Administration Manager

James Friedl

TITLE
Regional President of Southeast Region-Merchants Bank NA

Shannon Spahr

TITLE
Vice President & Controller

Susan Hovell

TITLE
Senior Vice President of Retail Performance at Merchants Bank
Board of Directors Tenure

Average tenure and age of the Merchants Financial Group board of directors in years:

11.3
Average Tenure
59
Average Age
  • The average tenure for the Merchants Financial Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Scott Biesanz

TITLE
Chairman of the Board
AGE
68
TENURE
7.1 yrs

Greg Evans

TITLE
President
AGE
55
TENURE
2.1 yrs

Ann Merchlewitz

TITLE
Director
AGE
59
TENURE
1.1 yrs

Ken Mogren

TITLE
Director
AGE
69
TENURE
14.3 yrs

James Trenda

TITLE
Director
TENURE
12.3 yrs

Rick Lommen

TITLE
Director
AGE
52
TENURE
11.3 yrs

Michael Cichanowski

TITLE
Director
AGE
69
TENURE
16.3 yrs

Bruce Ryan

TITLE
Director
AGE
59
TENURE
13.3 yrs

John Killen

TITLE
Director
AGE
55
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Merchants Financial Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Merchants Financial Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MFGI News

Simply Wall St News

MFGI Company Info

Description

Merchants Financial Group, Inc. operates as the bank holding company for Merchants Bank, National Association that provides various banking products and services to individual and business customers in the United States. The company offers checking accounts, savings accounts, health savings accounts, checking accounts for military, certificates of deposit accounts, and individual retirement accounts, as well as credit cards. It also provides personal loans for cars, boats, trailers, motorcycles, tractors, or RVs; furniture or appliances; debt consolidation; and others, as well as home equity loans, mortgage loans, and overdraft protection loans. In addition, the company offers commercial and small business loans; term loans; commercial real estate loans; floor plan financing; lines of credit; fleet/truck loans; and lease finance, as well as finance for farming operations, including working capital and input costs, equipment, capital improvements, and others. Further, it provides investment and trust, treasury management, mobile and online banking, and wire transfer services. The company operates branches in Winona, Goodview, Rushford, Lanesboro, St. Charles, Rochester, La Crescent, Caledonia, Spring Grove, Cannon Falls, Red Wing, Hampton, Hastings, Apple Valley, Lakeville, Cottage Grove, and Rosemount, Minnesota; and Onalaska and Eau Claire, Wisconsin. Merchants Financial Group, Inc. was founded in 1875 and is based in Winona, Minnesota.

Details
Name: Merchants Financial Group, Inc.
MFGI
Exchange: OTCPK
Founded: 1875
$202,094,273
2,731,000
Website: http://www.merchantsbank.com
Address: Merchants Financial Group, Inc.
102 East Third Street,
Winona,
Minnesota, 55987,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK MFGI Common Stock Pink Sheets LLC US USD 08. Oct 1990
Number of employees
Current staff
Staff numbers
0
Merchants Financial Group employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 23:40
End of day share price update: 2019/05/22 00:00
Last earnings filing: 2019/02/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.