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Merchants Bancorp(NASDAQ) MBIN

Market Cap$2.56BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2017)+445%
5 Year+151%
1 Year+93%
1 Month+14%
$55.77
+1.07%
+0.59Today
After hours$55.61-$0.16 (-0.29%)
Merchants Bancorp last closing stock price
MetricPriceDate
Last closeUSD 55.722026-08-03
Merchants Bancorp stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+15.2%USD 48.372026-07-27
1 month+14.13%USD 48.822026-07-02
3 month+20.45%USD 46.262026-05-05
Year to date+64.38%USD 33.902025-12-31
1 year+92.99%USD 28.872025-08-01
3 year+85.02%USD 30.122023-08-04
5 year+151.44%USD 22.162021-08-04
Since inception+444.92%USD 10.132017-10-27

Merchants Bancorp Financials at a Glance

Market Cap

$2.56BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.36B

Net Income (TTM)

$268.59M

EPS (TTM)

$4.98

P/E Ratio

11.20

Dividend

$0.42

Beta (Volatility)

0.88 (Low)

Price

$55.77

Volume

184,657.016

Open

$55.94

Previous Close

$55.72

Daily Range

$55.46 - $56.72

52-Week Range

$29.45 - $56.87

Estimated Earnings Date

Oct 27, 2026

MBIN News

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Howard SmithApr 19, 2026

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About Merchants Bancorp

Merchants Bancorp helps developers find the money they need to build apartments and nursing homes. It also provides standard bank accounts and loans for families and farmers. These services support the creation of essential housing and healthcare facilities across the country.

Funding Homes and Healthcare

  • Multi-family Mortgage Banking: Originates and services government-backed loans for apartments and healthcare buildings; also syndicates tax credits for affordable housing.
  • Mortgage Warehousing: Provides short-term funding to other lenders to help them buy and sell home mortgages in the secondary market.
  • Banking Services: Handles everyday financial needs through deposit accounts and loans for small businesses, home buyers, and agricultural production.

Strategic Steps and Investments

  • Executed a credit risk transfer in December 2024 on a pool of warehouse loans to manage potential losses.
  • Invested in Low-Income Housing Tax Credits to support affordable housing development while managing tax obligations.
  • Maintains an active relationship with Farmer Mac to sell agricultural loans and manage interest rate risks effectively.

Why This Bank is Different

Merchants Bancorp combines traditional local banking with specialized mortgage services for large-scale housing projects. This model allows the firm to serve niche markets like skilled nursing facilities and low-income housing projects.

The Financial Scorecard

  • Revenue reached $317.1 million in Q1 2026, up 2.3% from the previous year.
  • Net income climbed to $67.7 million in Q1 2026, a 16.3% increase over Q1 2025.
  • Operating cash flow was -$780.4 million in Q1 2026, which worsened from $148 million a year earlier.
  • Total assets grew to $20.3 billion by March 31, 2026, compared to $19.4 billion at the end of 2025.

Bottom Line

Merchants Bancorp has evolved from a traditional lender into a specialized firm focused on the U.S. housing infrastructure. Its blend of retail banking and agency-backed mortgage funding provides a stable role in the national real estate market.

AI Generated • May 26, 2026

Industry

Diversified Financial Services

Sector

Financials

Employees

735

CEO

Michael F. Petrie, MBA

Website

investors.merchantsbancorp.com

Headquarters

Carmel, IN 46032, US

MBIN Financials

Key Financial Metrics (TTM)

Gross Margin

46.57%

Operating Margin

25.59%

Net Income Margin

19.82%

Return on Equity

11.64%

Return on Capital

4.31%

Return on Assets

1.27%

Earnings Yield

8.93%

Dividend Yield

0.75%

Payout Ratio

16.77%

Stock Overview

Market Cap

$2.56BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

45.94M

Volume

184.66K

Avg. Volume

161.04K

Financials (TTM)

Gross Profit

$631.08M

Operating Income

$346.78M

EBITDA

$325.85M

Operating Cash Flow

-$943.24M

Capital Expenditure

-$23.59M

Free Cash Flow

-$966.83M

Cash & ST Invst.

$837.98M

Total Debt

$4.28B

Merchants Bancorp Performance Analysis

Merchants Bancorp annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 601,710,00028.2%
20232023-12-31USD 1,180,262,00096.2%
20242024-12-31USD 1,435,461,66221.6%
20252025-12-31USD 1,368,471,000-4.7%
Merchants Bancorp sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-2.9%
Q42025-12-313.2%
Q12026-03-31-10.6%
Q22026-06-307.1%
Merchants Bancorp annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 4.47-6.0%
20232023-12-31USD 5.6426.2%
20242024-12-31USD 6.3011.7%
20252025-12-31USD 3.78-40.1%
Merchants Bancorp sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3061.7%
Q42025-12-3132.0%
Q12026-03-31-2.3%
Q22026-06-3018.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$339.75M

-4.0%

Gross Profit

$173.03M

+38.4%

Gross Margin

50.93%

N/A

Market Cap

$2.56BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$3.48M

N/A

Employees

735

N/A

Net Income

$78.30M

+106.2%

EBITDA

$99.78M

+101.2%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$837.98M

-36.7%

Total Debt

$4.28B

+11.7%

Accounts Receivable

$12.34B

+14883.3%

Inventory

$0.00

N/A

Long Term Debt

$4.28B

+11.7%

Short Term Debt

$0.00

N/A

Return on Assets

1.27%

N/A

Return on Invested Capital

1.63%

N/A

Free Cash Flow

$0.00

+100.0%

Operating Cash Flow

$0.00

+100.0%

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Questions About MBIN

What is the current price of Merchants Bancorp?

Merchants Bancorp is trading at $55.72 per share.

What is the 52-week range for Merchants Bancorp?

Over the past 52 weeks, Merchants Bancorp has traded between $29.45 and $56.87.

How much debt does Merchants Bancorp have?

As of the most recent reporting period, Merchants Bancorp reported total debt of $4.28B.

How much cash does Merchants Bancorp have on hand?

Merchants Bancorp does not have cash on hand data available.

What is Merchants Bancorp’s dividend yield?

Merchants Bancorp currently has a dividend yield of 0.75%.

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