Merchants Bancorp (NASDAQ: MBIN) is a Financial Services company in the Banks - Regional industry. QuoTrend tracks its price, financials, earnings, analyst ratings and insider trades.
| Index | - | P/E | 10.46 | EPS (ttm) | 4.98 | Insider Own | 20.42% | Shs Outstand | 45.94M | Perf Week | -2.03% |
| Market Cap | 2.39B | Forward P/E | 8.67 | EPS next Y | 6.00 | Insider Trans | -0.61% | Shs Float | 19.22M | Perf Month | -2.67% |
| Enterprise Value | 6.66B | PEG | 1.14 | EPS next Q | 1.40 | Inst Own | - | Short Float | 3.96% | Perf Quarter | 6.07% |
| Income | 268.62M | P/S | 1.83 | EPS this Y | 11.98% | Inst Trans | - | Short Ratio | 10.79 | Perf Half Y | 24.69% |
| Sales | 1.31B | P/B | 1.00 | EPS next Y | 7.65% | ROA | 1.27% | Short Interest | 1.82M | Perf YTD | 52.88% |
| Book/sh | - | P/C | - | EPS next 5Y | 8.38% | ROE | 11.64% | 52W High | 56.87 -8.44% | Perf Year | 64.94% |
| Cash/sh | - | P/FCF | - | EPS past 3/5Y | -5.44% -0.37% | ROIC | 1.09% | 52W Low | 30.37 71.45% | Perf 3Y | 87.57% |
| Dividend Est. | 0.44 (0.85%) | EV/EBITDA | 20.43 | Sales past 3/5Y | 31.37% 27.76% | Gross Margin | 45.41% | Volatility | 2.87% 2.72% | Perf 5Y | 114.02% |
| Dividend TTM | 0.43 (0.83%) | EV/Sales | 5.08 | EPS Y/Y TTM | -20.95% | Oper. Margin | 21.15% | ATR (14) | 1.52 | Perf 10Y | - |
| Dividend Ex-Date | Sep 15, 2026 | Quick Ratio | 0.02 | Sales Y/Y TTM | -9.47% | Profit Margin | 20.51% | RSI (14) | 43.79 | Recom | 2.43 |
| Dividend Gr. 3/5Y | 12.62% 13.40% | Current Ratio | 0.02 | EPS Q/Q | 146.67% | SMA20 | -1.62% | Beta | 1.20 | Target Price | 60.00 |
| Payout | 22.47% | Debt/Eq | 1.79 | Sales Q/Q | -16.95% | SMA50 | -0.64% | Rel Volume | 6.01 | Prev Close | 51.77 |
| Employees | 735 | LT Debt/Eq | 0.04 | Earnings | Oct 27 | SMA200 | 14.80% | Avg Volume | 201.11K | Price | 52.07 |
| IPO Date | Oct 27, 2017 | Option/Short | Yes / Yes | EPS/Sales Surpr. | 21.31% 1.80% | Net Debt/EBITDA | 13.09 | Volume | 1,209,636 | Change | 0.58% |
| Date | Action | Analyst | Rating | Target |
|---|---|---|---|---|
| Sep-08-26 | Reiterated | Morgan Stanley | Equal Weight | $49 → $65 |
| Jul-29-26 | Reiterated | Piper Sandler | Overweight | $58 → $64 |
| Jul-01-26 | Downgrade | Raymond James | Outperform → Market Perform | |
| Jun-29-26 | Reiterated | Morgan Stanley | Equal Weight | $39 → $49 |
| Apr-30-26 | Reiterated | Raymond James | Outperform | $49 → $51 |
| Apr-29-26 | Reiterated | Piper Sandler | Overweight | $51 → $58 |
| Oct-30-25 | Reiterated | UBS | $41 → $42 | |
| Sep-29-25 | Reiterated | Morgan Stanley | Equal Weight | $54 → $39 |
| Sep-09-24 | Initiated | Morgan Stanley | Equal Weight | $54 |
| Jul-30-24 | Downgrade | Raymond James | Strong Buy → Outperform |
Merchants Bancorp operates as a diversified financial services holding company across the United States. Its operations are organized into three primary divisions: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking division focuses on originating and servicing government-sponsored mortgages for multi-family dwellings and healthcare institutions. It also tailors loan products specifically for independent living, assisted living, memory care, and skilled nursing developments, and serves as a syndicator for low-income housing tax credits and related debt funds. The Mortgage Warehousing division provides funding for residential loans eligible for agency backing, covering their initiation, acquisition, and sale within the secondary market, in addition to extending commercial credit to non-depository financial firms. Finally, the Banking division offers a broad spectrum of financial products and services to both individual consumers and businesses. These offerings encompass various deposit accounts and a diverse portfolio of loan options, including multi-family construction and bridge loans, commercial real estate, commercial and industrial, agricultural, residential mortgage, and consumer credit. Furthermore, this segment facilitates single-family mortgage lending, construction, bridge, and lot financing, first-lien home equity lines of credit, and Small Business Administration (SBA) lending programs. Founded in 1990, Merchants Bancorp maintains its corporate headquarters in Carmel, Indiana.
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| Line Item (USD, M) | TTM — | FY 2025 12/31/2025 | FY 2024 12/31/2024 | FY 2023 12/31/2023 | FY 2022 12/31/2022 | FY 2021 12/31/2021 | FY 2020 12/31/2020 | FY 2019 12/31/2019 | FY 2018 12/31/2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,310 | 1,365 | 1,447 | — | — | — | — | — | — | |
| Cost of Goods Sold Incl. D&A | 715 | 802 | 804 | — | — | — | — | — | — | |
| Gross Profit | 596 | 564 | 643 | — | — | — | — | — | — | |
| Selling, General and Administrative Excl. Other | 176 | 177 | 157 | — | — | — | — | — | — | |
| Research and Development | 0 | 0 | 0 | — | — | — | — | — | — | |
| Other Operating Expense | 142 | 123 | 63 | — | — | — | — | — | — | |
| Operating Income | 277 | 264 | 423 | — | — | — | — | — | — | |
| Interest Expense | 643 | 684 | 780 | — | — | — | — | — | — | |
| Unusual Expense | — | — | — | — | — | — | — | — | — | |
| Non-Operating Income (Expense) | 688 | 684 | 780 | — | — | — | — | — | — | |
| Net Income Before Taxes | 323 | 264 | 423 | — | — | — | — | — | — | |
| Income Taxes | 54 | 45 | 102 | — | — | — | — | — | — | |
| Consolidated Net Income | 269 | 219 | 320 | — | — | — | — | — | — | |
| Net Income From Continuing Operations | 269 | 219 | 320 | — | — | — | — | — | — | |
| Net Income | 269 | 219 | 320 | — | — | — | — | — | — | |
| EPS (Recurring) | 4.98 | 3.78 | 6.32 | — | — | — | — | — | — | |
| EPS (Basic, Before Extraordinaries) | 4.98 | 3.78 | 6.32 | — | — | — | — | — | — | |
| EPS (Diluted) | 4.98 | 3.78 | 6.30 | — | — | — | — | — | — | |
| EBITDA | 326 | 267 | 426 | — | — | — | — | — | — | |
| Other After Tax Adjustments | — | — | — | — | — | — | — | — | — | |
| Stock Option Compensation Expense | — | — | — | — | — | — | — | — | — | |
| Price To Earnings Ratio | 10.46 | 9.01 | 5.79 | — | — | — | — | — | — | |
| Price To Sales Ratio | 1.83 | 1.15 | 1.13 | — | — | — | — | — | — | |
| Gross Margin | 45.50 | 41.32 | 44.44 | — | — | — | — | — | — | |
| Operating Margin | 21.15 | 19.34 | 29.23 | — | — | — | — | — | — | |
| Net Margin | 20.53 | 16.04 | 22.11 | — | — | — | — | — | — | |
| Shares Outstanding | 46 | 46 | 45 | — | — | — | — | — | — | |
| Market Capitalization | 2,395 | 1,567 | 1,641 | — | — | — | — | — | — | |
| Operating Lease Expense | — | — | — | — | — | — | — | — | — |
| Insider | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|
| Kaercher Julia L. | Director | Jul 30 '26 | Sale | 55.20 | 9,000 | 496,800 | 727,103 | Jul 31 |
| Petrie Michael F. | Chairman and CEO | Jul 30 '26 | Sale | 55.20 | 9,000 | 496,800 | 727,013 | Jul 31 |
| Petrie Michael F. | Chairman and CEO | May 06 '26 | Sale | 46.86 | 8,334 | 390,531 | 1,864,994 | May 07 |
| Petrie Michael F. | Chairman and CEO | May 05 '26 | Sale | 46.75 | 30,696 | 1,435,038 | 736,013 | May 07 |
| Petrie Michael F. | Chairman and CEO | Feb 26 '26 | Sale | 32.62 | 28,871 | 941,638 | 2,958 | Feb 27 |
| Petrie Michael F. | Chairman and CEO | Feb 25 '26 | Sale | 20.20 | 377 | 7,615 | 16,829 | Feb 27 |
| Petrie Michael F. | Chairman and CEO | Feb 18 '26 | Sale | 20.20 | 1,502 | 30,340 | 17,206 | Feb 19 |
| Petrie Michael F. | Chairman and CEO | Feb 17 '26 | Sale | 20.20 | 100 | 2,020 | 18,708 | Feb 19 |
| Petrie Michael F. | Chairman and CEO | Feb 10 '26 | Sale | 20.20 | 4,455 | 89,991 | 18,808 | Feb 12 |
| Schroeter Martin A | President-Warehouse Lending | Feb 10 '26 | Sale | 46.06 | 5,500 | 253,330 | 10,881 | Feb 12 |
| Petrie Michael F. | Chairman and CEO | Feb 09 '26 | Sale | 20.20 | 14,610 | 295,122 | 23,263 | Feb 10 |
| Petrie Michael F. | Chairman and CEO | Feb 06 '26 | Sale | 20.20 | 7,149 | 144,410 | 37,873 | Feb 10 |
| Petrie Michael F. | Chairman and CEO | Feb 05 '26 | Sale | 20.20 | 2,034 | 41,087 | 45,022 | Feb 05 |
| Petrie Michael F. | Chairman and CEO | Feb 04 '26 | Sale | 20.20 | 6,929 | 139,966 | 47,056 | Feb 05 |
| Petrie Michael F. | Chairman and CEO | Feb 03 '26 | Sale | 20.20 | 1,383 | 27,937 | 53,985 | Feb 05 |