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Updated 5m ago
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Merchants BancorpNasdaqCM:MBIN Stock Report

Market Cap US$2.4b
Updated 5m ago
Share Price
n/a
1Y63.5%
7D-0.3%
1D-0.8%
Portfolio Value
​
View

Merchants Bancorp

NasdaqCM:MBIN Stock Report

Market Cap: US$2.4b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Merchants Bancorp (MBIN) Stock Overview

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

MBIN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends2/6

Rewards

Trading at 58.1% below our estimate of its fair value

Earnings are forecast to grow 12.59% per year

Earnings grew by 9.6% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Significant insider selling over the past 3 months


MBIN Community Fair Values

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US$
Current Price
US$52.4614.9% undervalued intrinsic discount
%/yr
Decrease
Increase
PastFuture01b2016201920222025202620282031Revenue US$1.1bEarnings US$384.7m
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Merchants Bancorp Competitors

Federal Agricultural Mortgage

Symbol: NYSE:AGM
Market cap: US$2.4b

NMI Holdings

Symbol: NasdaqGM:NMIH
Market cap: US$3.3b

Walker & Dunlop

Symbol: NYSE:WD
Market cap: US$1.4b

Radian Group

Symbol: NYSE:RDN
Market cap: US$4.8b

Price History & Performance

Summary of share price highs, lows and changes for Merchants Bancorp
Historical stock prices
Current Share PriceUS$52.46
52 Week HighUS$56.87
52 Week LowUS$30.37
Beta1.14
1 Month Change-3.65%
3 Month Change4.69%
1 Year Change63.48%
3 Year Change85.04%
5 Year Change115.06%
Change since IPO368.39%

Recent News & Updates

Recent updates

Analysis Article • Oct 31

Merchants Bancorp Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Merchants Bancorp ( NASDAQ:MBIN ) just released its quarterly report and things are looking bullish. It was overall a...
Analysis Article • Feb 01

Results: Merchants Bancorp Beat Earnings Expectations And Analysts Now Have New Forecasts

It's been a good week for Merchants Bancorp ( NASDAQ:MBIN ) shareholders, because the company has just released its...
Analysis Article • Jan 20

Do Merchants Bancorp's (NASDAQ:MBIN) Earnings Warrant Your Attention?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Sep 27

If EPS Growth Is Important To You, Merchants Bancorp (NASDAQ:MBIN) Presents An Opportunity

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Shareholder Returns

MBINUS Diversified FinancialUS Market
7D-0.3%-0.09%0.9%
1Y63.5%-1.0%15.5%

Return vs Industry: MBIN exceeded the US Diversified Financial industry which returned -1% over the past year.

Return vs Market: MBIN exceeded the US Market which returned 15.5% over the past year.

Price Volatility

Is MBIN's price volatile compared to industry and market?
MBIN volatility
MBIN Average Weekly Movement4.3%
Diversified Financial Industry Average Movement6.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market3.0%

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

Volatility Over Time: MBIN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990735Mike Dunlapbankmerchants.com

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.

Merchants Bancorp Fundamentals Summary

How do Merchants Bancorp's earnings and revenue compare to its market cap?
MBIN fundamental statistics
Market capUS$2.41b
Earnings (TTM)US$228.74m
Revenue (TTM)US$632.34m
10.5x
P/E Ratio
3.8x
P/S Ratio

Is MBIN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MBIN income statement (TTM)
RevenueUS$632.34m
Cost of RevenueUS$0
Gross ProfitUS$632.34m
Other ExpensesUS$403.60m
EarningsUS$228.74m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)4.98
Gross Margin100.00%
Net Profit Margin36.17%
Debt/Equity Ratio178.9%

How did MBIN perform over the long term?

See historical performance and comparison

Dividends

0.8%
Current Dividend Yield
8%
Payout Ratio

Does MBIN pay a reliable dividends?

See MBIN dividend history and benchmarks
When do you need to buy MBIN by to receive an upcoming dividend?
Merchants Bancorp dividend dates
Ex Dividend DateSep 15 2026
Dividend Pay DateOct 01 2026
Days until Ex dividend5 days
Days until Dividend pay date21 days

Does MBIN pay a reliable dividends?

See MBIN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 01:45
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 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 Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 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 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.

AnalystInstitution
Manan GosaliaMorgan Stanley
Ryan KennyMorgan Stanley
Nathan RacePiper Sandler Companies

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