Merchants Bancorp

Merchants Bancorp

MBIN
Merchants BancorpUS flagNASDAQ Capital Market
52.68
USD
+0.08
- -
2.42BMarket Cap
Merchants Bancorp
MBIN
(NASDAQ Capital Market)

Recent

price

52.68

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.09
2.47
3.26
3.14
3.83
7.94
9.9
10.19
12.94
14.87
14.76
15.45
Revenue per Share
0.9
0.98
1.52
1.38
1.58
3.85
4.78
4.49
5.66
6.36
3.87
4.96
Basic EPS, GAAP
3.69
-4.81
-5.26
4.39
-29.52
-20.38
-1.22
22.4
-8.42
-19.03
-8.21
-16.99
Free Cash Flow per Basic Share
0.13
0.2
0.24
0.24
0.4
0.55
0.72
0.88
1.12
1.14
1.3
1.31
Dividend per Share
3.41
4.06
7.57
8.82
10.24
13.87
18.37
22.27
27.78
34.33
37.68
40.11
Book Value per Share
2.02
2.72
5.91
6.52
8.06
11.53
15.41
18.48
23.74
30
32.77
34.78
Tangible Book Value per Share
32
32
34
43
43
43
43
43
43
45
46
46
Basic Weighted Avg Shares
66
78
110
135
165
343
428
440
559
667
677
709
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
1
2
2
2
3
3
3
5
Depreciation Expense
28
33
55
63
77
181
227
220
279
320
219
269
Net Income, GAAP
39.84
39.54
29.13
25.17
24.29
25.82
25.52
24.53
19.74
24.19
17.07
16.73
Effective Tax Rate (%)
42.79
42.35
49.63
46.6
46.91
52.71
53.1
49.96
49.92
48.04
32.3
37.87
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
32
32
32
162
175
1,236
874
910
964
4,336
3,843
4,283
LT Debt
148
206
367
421
654
811
1,155
1,460
1,701
2,243
2,281
2,394
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
20.55
20.94
16.88
16.6
31.96
29.65
22.1
22.63
20.59
10.77
13.09
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
3,843
4,633
4,283
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
551
551
551
Shares Outstanding
46
46
46
Market Capitalization
1,563
1,971
2,297

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
872
698
876
Accounts Receivable, Net
82
77
82
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.01%
23.79%
1.67%
Free Cash Flow
-330.59%
-416.43%
-55.88%
Net Income, GAAP
28.59%
6.53%
-31.72%
Sales/Revenue/Turnover
28.69%
15.13%
1.54%
Total Cash Common Dividend
- -
14.84%
12.9%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
167
158
148
193
667
2025
145
178
170
184
677
2026
174
181
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.81
1.54
1.17
1.86
6.36
2025
1.05
0.6
0.97
1.25
3.87
2026
1.25
1.48
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.29
0.27
0.26
0.32
1.14
2025
0.32
0.32
0.32
0.32
1.3
2026
0.33
0.33
- -
- -
- -
Business
Merchants Bancorp (Nasdaq: MBIN) operates as a diversified bank holding company headquartered in Carmel, Indiana, primarily through its subsidiaries including Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments LLC, Merchants Capital Servicing LLC, Merchants Asset Management LLC and Merchants Mortgage, a division of Merchants Bank of Indiana. Founded in 1990, the company conducts business across three main segments: Multi-family Mortgage Banking, which originates and services government-sponsored mortgages including FHA loans for multi-family rental housing, healthcare facilities such as skilled nursing, assisted living and memory care properties, bridge financing, construction lending and tax credit equity syndication services; Mortgage Warehousing, which provides financing for agency-eligible residential loans and commercial loans to non-depository financial institutions pending sale to investors, along with deposit services; and Banking, which offers retail and correspondent residential mortgage banking, commercial lending, commercial real estate loans, agricultural lending, small business administration lending, consumer loans, letters of credit and deposit products including checking, savings and time deposits to consumers and businesses primarily in Indiana. Merchants Bancorp maintains operations focused on the United States, with banking centers and production offices in Indiana. In recent developments, its Merchants Capital subsidiary surpassed $1.08 billion in tax credit equity raised in 2024 across multi-investor offerings, proprietary funds and state credit syndications, including the closure of its largest-ever $293 million fund in September 2024 and a $131.2 million multi-investor fund in January 2025, bringing total raises to over $2.1 billion since 2021; the company also completed a branch sale transaction in January 2024 to enhance focus on core mortgage lending activities. As of March 31, 2025, Merchants Bancorp reports total assets of $18.8 billion and deposits of $12.4 billion.

Company News

  • Merchants Bancorp Declares Quarterly Common and Preferred Dividends

  • Merchants Bancorp (MBIN) Is Up 15.71% in One Week: What You Should Know

  • Earnings Estimates Rising for Merchants Bancorp (MBIN): Will It Gain?

  • Best Momentum Stocks to Buy for August 3rd

  • New Strong Buy Stocks for August 3rd

  • Merchants Bancorp (NASDAQ:MBIN) Hits New 52-Week High on Earnings Beat

  • Compared to Estimates, Merchants Bancorp (MBIN) Q2 Earnings: A Look at Key Metrics

  • Merchants Bancorp (MBIN) Q2 Earnings and Revenues Top Estimates

  • Merchants Bancorp Reports Second Quarter of 2026 Results

  • Merchants Bancorp (MBIN) to Announce Quarterly Earnings on Tuesday

  • Merchants Bancorp Preferreds Update: 2 Buys, 1 Sell

  • Merchants Bancorp (MBIN) Reports Next Week: Wall Street Expects Earnings Growth

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • Merchants Bancorp Declares Quarterly Common and Preferred Dividends

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • Merchants Bancorp (MBIN) Securities Fraud Investigation - Levi & Korsinsky

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN