Merchants Bancorp

As of June 30, 2026, Merchants Bancorp carries a market capitalization of 1.99B, placing it among publicly traded companies globally. Its enterprise value stands at 5.46B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Merchants Bancorp's next confirmed earnings release is scheduled for October 22, 2026.

As of June 30, 2026, Merchants Bancorp has 45.94M shares outstanding.

As of June 30, 2026, Merchants Bancorp trades at a trailing price-to-earnings ratio of 10.01. The price-to-sales ratio is 3.21, and the price-to-book ratio stands at 1.24.

These figures are as of June 30, 2026. The EV/Sales ratio of 8.79 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. These enterprise value multiples are built on an enterprise value of 5.46B versus a market cap of 1.99B, with the gap driven by net debt and cash on the balance sheet.

These figures are as of June 30, 2026.

Over the twelve months ended June 30, 2026, Merchants Bancorp posted a return on equity (ROE) of 13.09, showing how much profit the company earns on every dollar of shareholder capital. Return on assets (ROA) stands at 1.33, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 4.23, useful for judging operating efficiency across full business cycles. The company generates approximately 865,769.36 in revenue per employee across its workforce of 717.00, a quick read on workforce productivity versus industry peers.

Over the twelve months ended June 30, 2026, Merchants Bancorp recorded 47.24M in income tax expense. That works out to an effective tax rate of 16.73, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 282.33M, leaving 235.09M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

As of the close on September 14, 2026, Merchants Bancorp's stock has gained approximately 69.40% over the past 52 weeks. The 50-day moving average sits at 44.19, while the 200-day moving average is 38.10.

Over the twelve months ended June 30, 2026, Merchants Bancorp generated 620.76M in revenue and converted that into 235.09M in net income, yielding earnings per share of 5.11.

As of June 30, 2026, Merchants Bancorp holds 767.04M in cash and equivalents against 3.75B in total debt, resulting in a net debt position of 3.47B.

Merchants Bancorp produced -658.35M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -24.25M in capital expenditures, free cash flow totaled -682.60M - equivalent to -14.87 per share.

These figures cover the twelve months ended June 30, 2026.

Over the twelve months ended June 30, 2026, Merchants Bancorp paid dividends of 1.15 per share. The dividend payout ratio of 8.48 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield is negative at -34.20: the business is consuming cash rather than generating it, so any dividend is not covered by free cash flow. Total shareholder yield is negative at -74.30, meaning Merchants Bancorp raised more capital through share issuance and new debt than it returned via dividends and buybacks.

Merchants Bancorp's most recent stock split took place on January 18, 2022 with a 2:3 split ratio.