MBIN.L Stock Overview

Operates as the diversified bank holding company in the United States. More details

MBIN.L fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 75.7% below our estimate of its fair value

Risk Analysis

No risks detected for MBIN.L from our risk checks.

Community vs My Fair Value

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Merchants Bancorp Competitors

Federal Agricultural Mortgage

NYSE:AGM

US$2.1b

NMI Holdings

NasdaqGM:NMIH

US$3.0b

Velocity Financial

NYSE:VEL

US$609.4m

Walker & Dunlop

NYSE:WD

US$2.6b

Price History & Performance

Summary of share price highs, lows and changes for Merchants Bancorp
Historical stock prices
Current Share Price	US$23.20
52 Week High	US$25.90
52 Week Low	US$22.83
Beta	1.32
1 Month Change	-0.30%
3 Month Change	-8.63%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-7.01%

Recent updates

Shareholder Returns

	MBIN.L	US Diversified Financial	US Market
7D	-1.1%	0.9%	5.1%
1Y	n/a	20.2%	10.6%

Return vs Industry: Insufficient data to determine how MBIN.L performed against the US Diversified Financial industry.

Return vs Market: Insufficient data to determine how MBIN.L performed against the US Market.

Price Volatility

Is MBIN.L's price volatile compared to industry and market?
MBIN.L volatility
MBIN.L Average Weekly Movement	1.4%
Diversified Financial Industry Average Movement	7.7%
Market Average Movement	8.1%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	4.2%

Stable Share Price: MBIN.L has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine MBIN.L's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1990	663	Mike Petrie	investors.merchantsbancorp.com/corporate-profile/corporate-profile/default.aspx

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 multi-family rental housing and healthcare facilities financing.

Merchants Bancorp Fundamentals Summary

How do Merchants Bancorp's earnings and revenue compare to its market cap?
MBIN.L fundamental statistics
Market cap	US$1.51b
Earnings (TTM)	US$247.87m
Revenue (TTM)	US$621.41m

6.1x

P/E Ratio

2.4x

P/S Ratio

Is MBIN.L overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MBIN.L income statement (TTM)
Revenue	US$621.41m
Cost of Revenue	US$0
Gross Profit	US$621.41m
Other Expenses	US$373.54m
Earnings	US$247.87m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	5.40
Gross Margin	100.00%
Net Profit Margin	39.89%
Debt/Equity Ratio	185.4%

How did MBIN.L perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

7%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/14 09:56
End of Day Share Price	2025/05/14 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Merchants Bancorp is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Manan Gosalia	Morgan Stanley
Nathan Race	Piper Sandler Companies
David Long	Raymond James & Associates

Merchants Bancorp NasdaqCM:MBIN.L Stock Report