8-K Announcements
6Material company update
Apr 28, 2026·SEC
Material company update
Feb 19, 2026·SEC
Material company update
Jan 28, 2026·SEC
Merchants Bancorp(MBIN)Earnings, Financials & Key Ratios
MBIN•NASDAQ•Banking & Credit
$46.67
$2.15B mkt cap·12.3× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial real estate and multifamily lenders
AboutMerchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. This segment also offers customized loan products for independent living, assisted living, memory care, and skilled nursing projects; and operates as a syndicator of low-income housing tax credit and debt funds. The Mortgage Warehousing segment funds agency eligible residential loans, including origination, purchase, and sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, such as various types of deposit products, as well as multi-family construction and bridge, commercial real estate, commercial and industrial, agricultural, residential mortgage, and consumer loan products. This segment also provides single-family mortgage lending; construction, bridge, and lot financing; first-lien home equity lines of credit; and small business administration lending products and services. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.Show more
- Net Interest Income$517M-1.1%
- Total Revenue$1.37B-5.7%
- Net Income$219M-31.7%
- Return on Equity9.67%-40.5%
- Net Interest Margin2.66%-4.3%
- Efficiency Ratio21.97%+44.5%
- ROA1.14%-36.2%
- Equity / Assets11.73%-1.7%
- Book Value per Share49.64-0.4%
- Tangible BV/Share49.47+8.9%
- Debt/Equity1.68-12.8%
MBIN Key Insights
Merchants Bancorp (MBIN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient operations: 22.0% efficiency ratio
- ✓11 consecutive years of dividend growth
- ✓Momentum leader: RS Rating 82 (top 18%)
- ✓Well capitalized: 11.7% equity/assets
- ✓Healthy dividend yield of 2.8%
- ✓Trading at only 0.9x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MBIN Price & Volume
Merchants Bancorp (MBIN) stock price & volume — 10-year historical chart
Loading chart...
MBIN Growth Metrics
Merchants Bancorp (MBIN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years32.7%
5 Years27.75%
3 Years31.38%
TTM-
Profit CAGR
10 Years22.66%
5 Years3.92%
3 Years-0.14%
TTM-31.72%
EPS CAGR
10 Years15.43%
5 Years-0.37%
3 Years-5.44%
TTM-40.1%
Return on Capital
10 Years14.23%
5 Years10.23%
3 Years7.95%
Last Year2.34%
MBIN Recent Earnings
Merchants Bancorp (MBIN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 28, 2026EPS
$1.25
Est $1.16
+7.8%
Revenue
$175M
Est $174M
+0.5%
Q1 2026
Jan 28, 2026EPS
$1.28
Est $0.94
+36.2%
Revenue
$185M
Est $171M
+8.5%
Q4 2025
Oct 28, 2025EPS
$0.97
Est $0.79
+22.8%
Revenue
$170M
Est $175M
-3.0%
Q3 2025
Jul 28, 2025EPS
$0.60
Est $1.12
-46.4%
Revenue
$178M
Est $165M
+8.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $1.25vs $1.16+7.8% | $175Mvs $174M+0.5% |
| Q1 2026 | Jan 28, 2026 | $1.28vs $0.94+36.2% | $185Mvs $171M+8.5% |
| Q4 2025 | Oct 28, 2025 | $0.97vs $0.79+22.8% | $170Mvs $175M-3.0% |
| Q3 2025 | Jul 28, 2025 | $0.60vs $1.12-46.4% | $178Mvs $165M+8.1% |
Based on last 12 quarters of dataView full earnings history →
MBIN Peer Comparison
Merchants Bancorp (MBIN) competitors in Commercial real estate and multifamily lenders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 WAFD | 2.72B | 35.64 | 13.55 | -1.58% | 8.02% | 0.60 | ||
 CUBI | 2.64B | 78.24 | 12.62 | 3.94% | 11.25% | 0.81 | ||
 FFBC | 3.21B | 30.67 | 11.53 | 2.75% | 9.77% | 0.43 | ||
 IBCP | 696.01M | 33.81 | 10.34 | -0.3% | 14.2% | 0.23 | ||
 NBTB | 2.36B | 45.20 | 13.57 | 10.36% | 9.51% | 0.17 | ||
 BANR | 2.24B | 66.23 | 11.74 | -0.95% | 10.34% | 0.19 | ||
 BOKF | 10.44B | 135.54 | 16.65 | 10.4% | 8.91% | 0.80 | ||
 HOMB | 5.32B | 27.03 | 13.45 | 9.47% | 10.86% | 0.30 |
Compare MBIN vs Peers
Merchants Bancorp (MBIN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MBIN Income Statement
Merchants Bancorp (MBIN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 66.6M | 89.97M | 122.3M | 224.15M | 277.99M | 318.55M | 448.07M | 522.62M | 517.06M |
| NII Growth % | 23.39% | 35.1% | 35.93% | 83.28% | 24.02% | 14.59% | 40.66% | 16.64% | -1.06% |
| Net Interest Margin % | 1.96% | 2.32% | 1.92% | 2.32% | 2.46% | 2.53% | 2.64% | 2.78% | 2.66% |
| Interest Income | 94.39M | 140.56M | 212M | 282.79M | 311.89M | 480.83M | 1.08B | 1.3B | 1.2B |
| Interest Expense | 27.79M | 50.59M | 89.7M | 58.64M | 33.89M | 162.28M | 629.73M | 780.1M | 683.79M |
| Loan Loss Provision | 2.47M | 4.63M | 3.94M | 11.84M | 5.01M | 17.3M | 40.23M | 24.28M | 117.75M |
| Non-Interest Income | 43.58M | 44.96M | 42.55M | 118.39M | 149.68M | 121.23M | 111.26M | 144.34M | 164.39M |
| Non-Interest Income % | 31.59% | 24.24% | 16.72% | 29.51% | 32.43% | 20.14% | 9.36% | 9.98% | 12.04% |
| Total Revenue | 137.97M▲ 0% | 185.53M▲ 34.5% | 254.55M▲ 37.2% | 401.18M▲ 57.6% | 461.56M▲ 15.1% | 602.07M▲ 30.4% | 1.19B▲ 97.5% | 1.45B▲ 21.7% | 1.37B▼ 5.7% |
| Revenue Growth % | 41.96% | 34.47% | 37.2% | 57.6% | 15.05% | 30.44% | 97.5% | 21.7% | -5.65% |
| Non-Interest Expense | 30.55M | 46.28M | 58.78M | 87.34M | 117.73M | 131.35M | 171.19M | 220.04M | 299.89M |
| Efficiency Ratio | 22.14% | 24.94% | 23.09% | 21.77% | 25.51% | 21.82% | 14.4% | 15.21% | 21.97% |
| Operating Income | 77.16M▲ 0% | 84.03M▲ 8.9% | 102.13M▲ 21.5% | 243.36M▲ 138.3% | 304.93M▲ 25.3% | 291.14M▼ 4.5% | 347.91M▲ 19.5% | 422.64M▲ 21.5% | 263.8M▼ 37.6% |
| Operating Margin % | 55.93% | 45.29% | 40.12% | 60.66% | 66.06% | 48.36% | 29.26% | 29.21% | 19.32% |
| Operating Income Growth % | 40.82% | 8.9% | 21.55% | 138.27% | 25.3% | -4.52% | 19.5% | 21.48% | -37.58% |
| Pretax Income | 77.16M▲ 0% | 84.03M▲ 8.9% | 102.13M▲ 21.5% | 243.36M▲ 138.3% | 304.93M▲ 25.3% | 291.14M▼ 4.5% | 347.91M▲ 19.5% | 422.64M▲ 21.5% | 263.8M▼ 37.6% |
| Pretax Margin % | 55.93% | 45.29% | 40.12% | 60.66% | 66.06% | 48.36% | 29.26% | 29.21% | 19.32% |
| Income Tax | 22.48M | 21.15M | 24.8M | 62.82M | 77.83M | 71.42M | 68.67M | 102.26M | 45.03M |
| Effective Tax Rate % | 29.13% | 25.17% | 24.29% | 25.82% | 25.52% | 24.53% | 19.74% | 24.19% | 17.07% |
| Net Income | 54.68M▲ 0% | 62.87M▲ 15.0% | 77.33M▲ 23.0% | 180.53M▲ 133.5% | 227.1M▲ 25.8% | 219.72M▼ 3.3% | 279.23M▲ 27.1% | 320.39M▲ 14.7% | 218.77M▼ 31.7% |
| Net Margin % | 39.63% | 33.89% | 30.38% | 45% | 49.2% | 36.49% | 23.48% | 22.14% | 16.02% |
| Net Income Growth % | 65.07% | 14.98% | 22.99% | 133.46% | 25.8% | -3.25% | 27.09% | 14.74% | -31.72% |
| Net Income (Continuing) | 54.68M | 62.87M | 77.33M | 180.53M | 227.1M | 219.72M | 279.23M | 320.39M | 218.77M |
| EPS (Diluted) | 1.52▲ 0% | 1.38▼ 9.2% | 1.58▲ 14.5% | 3.85▲ 143.7% | 4.76▲ 23.6% | 4.47▼ 6.1% | 5.64▲ 26.2% | 6.30▲ 11.7% | 3.78▼ 40.0% |
| EPS Growth % | 55.1% | -9.21% | 14.49% | 143.67% | 23.64% | -6.09% | 26.17% | 11.7% | -40% |
| EPS (Basic) | 1.52 | 1.39 | 1.58 | 3.85 | 4.78 | 4.49 | 5.66 | 6.32 | 3.78 |
| Diluted Shares Outstanding | 33.85M | 43.09M | 43.12M | 43.17M | 43.33M | 43.32M | 43.35M | 45.01M | 45.94M |
MBIN Balance Sheet
Merchants Bancorp (MBIN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 767.89M | 667.6M | 796.95M | 449.53M | 1.34B | 549.5M | 1.7B | 566.62M | 880.9M |
| Cash & Due from Banks | 359.52M | 336.52M | 506.71M | 179.73M | 1.03B | 226.16M | 584.42M | 476.61M | 15.84M |
| Short Term Investments | 408.37M | 331.07M | 290.24M | 269.8M | 310.63M | 323.34M | 1.11B | 90.01M | 865.06M |
| Total Investments | 2.77B | 3.21B | 5.4B | 9.19B | 9.93B | 11.93B | 15.7B | 17.2B | 19.24B |
| Investments Growth % | 36.73% | 15.84% | 68.17% | 70.23% | 8.14% | 20.13% | 31.57% | 9.54% | 11.85% |
| Long-Term Investments | 2.36B | 2.88B | 5.11B | 8.92B | 9.62B | 11.61B | 14.59B | 17.11B | 18.37B |
| Accounts Receivables | 8.33M | 13.83M | 18.36M | 21.77M | 24.1M | 56.26M | 91.35M | 83.41M | 11.03B |
| Goodwill & Intangibles | 71.49M | 98.86M | 94.03M | 100.73M | 127.9M | 163.28M | 175.04M | 198.01M | 8.05M |
| Goodwill | 3.9M | 17.48M | 15.85M | 15.85M | 15.85M | 15.85M | 15.85M | 8.01M | 8.01M |
| Intangible Assets | 67.59M | 81.39M | 78.19M | 84.89M | 112.06M | 147.43M | 159.2M | 189.99M | 36K |
| PP&E (Net) | 5.35M | 15.14M | 29.27M | 29.76M | 31.21M | 35.44M | 42.34M | 58.62M | 73.93M |
| Other Assets | 178.4M | 210.86M | 327.06M | 126.77M | 128.42M | 200.04M | 358.3M | 790.63M | -18.37B |
| Total Current Assets | 776.22M | 681.42M | 815.31M | 471.3M | 1.37B | 605.76M | 1.79B | 650.02M | 11.91B |
| Total Non-Current Assets | 2.62B | 3.2B | 5.56B | 9.17B | 9.91B | 12.01B | 15.16B | 18.16B | 81.94M |
| Total Assets | 3.39B▲ 0% | 3.88B▲ 14.5% | 6.37B▲ 64.0% | 9.65B▲ 51.4% | 11.28B▲ 16.9% | 12.62B▲ 11.9% | 16.95B▲ 34.4% | 18.81B▲ 10.9% | 19.45B▲ 3.4% |
| Asset Growth % | 24.82% | 14.47% | 64.05% | 51.37% | 16.93% | 11.85% | 34.38% | 10.93% | 3.42% |
| Return on Assets (ROA) | 1.79% | 1.73% | 1.51% | 2.25% | 2.17% | 1.84% | 1.89% | 1.79% | 1.14% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 56.61M | 195.45M | 181.44M | 1.24B | 1.17B | 940.39M | 964.13M | 4.34B | 3.84B |
| Net Debt | -302.91M | -141.07M | -325.27M | 1.06B | 141.34M | 714.23M | 379.7M | 3.86B | 3.83B |
| Long-Term Debt | 31.61M | 162.3M | 174.9M | 1.24B | 873.95M | 910.39M | 964.13M | 4.34B | 82.57M |
| Short-Term Debt | 25M | 33.15M | 6.54M | 0 | 300M | 30M | 0 | 0 | 3.76B |
| Other Liabilities | 13.06M | 20.94M | 41.77M | 170.25M | -52.51M | 124.14M | 205.92M | 281.04M | 13.28B |
| Total Current Liabilities | 2.97B | 3.26B | 5.48B | 7.41B | 9.28B | 10.1B | 14.06B | 11.92B | 3.76B |
| Total Non-Current Liabilities | 57.1M | 198.69M | 233.59M | 1.43B | 840.62M | 1.05B | 1.19B | 4.64B | 13.41B |
| Total Liabilities | 3.03B | 3.46B | 5.72B | 8.83B | 10.12B | 11.16B | 15.25B | 16.56B | 17.17B |
| Total Equity | 367.47M▲ 0% | 421.24M▲ 14.6% | 653.73M▲ 55.2% | 810.62M▲ 24.0% | 1.16B▲ 42.5% | 1.46B▲ 26.3% | 1.7B▲ 16.5% | 2.24B▲ 31.9% | 2.28B▲ 1.7% |
| Equity Growth % | 78.14% | 14.63% | 55.19% | 24% | 42.53% | 26.34% | 16.53% | 31.88% | 1.67% |
| Equity / Assets (Capital Ratio) | 10.83% | 10.84% | 10.26% | 8.4% | 10.24% | 11.57% | 10.03% | 11.93% | 11.73% |
| Return on Equity (ROE) | 19.06% | 15.94% | 14.39% | 24.66% | 23.1% | 16.8% | 17.67% | 16.25% | 9.67% |
| Book Value per Share | 10.86 | 9.78 | 15.16 | 18.78 | 26.67 | 33.70 | 39.24 | 49.85 | 49.64 |
| Tangible BV per Share | 8.74 | 7.48 | 12.98 | 16.45 | 23.72 | 29.93 | 35.21 | 45.45 | 49.47 |
| Common Stock | 134.89M | 135.06M | 135.64M | 135.86M | 137.56M | 137.78M | 140.37M | 240.31M | 243.31M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 192.01M | 244.91M | 304.98M | 461.74M | 657.15M | 832.87M | 1.06B | 1.33B | 1.49B |
| Accumulated OCI | -1.01M | -310K | 458K | 374K | -1.45M | -10.52M | -2.49M | -133K | -33K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 41.58M | 41.58M | 212.65M | 212.65M | 362.15M | 499.61M | 499.61M | 672.13M | 551.29M |
MBIN Cash Flow Statement
Merchants Bancorp (MBIN) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -175.89M | 204.34M | -1.26B | -874.89M | -49.22M | 975.77M | -356.4M | -835.28M | -341.25M |
| Operating CF Growth % | -17.44% | 216.17% | -715.17% | 30.4% | 94.37% | 2082.64% | -136.53% | -134.36% | 59.15% |
| Net Income | 54.68M | 62.87M | 77.33M | 180.53M | 227.1M | 219.72M | 279.23M | 320.39M | 218.77M |
| Depreciation & Amortization | 296K | 461K | 852K | 1.9M | 2.19M | 2.48M | 2.85M | 3.01M | 3.46M |
| Deferred Taxes | -2.42M | 2.31M | -978K | -692K | 5.31M | 4.73M | -2.44M | 4.63M | 0 |
| Other Non-Cash Items | -235.94M | 167.13M | -1.25B | -973.78M | -50.52M | 350.28M | -635.98M | -811.94M | -565.35M |
| Working Capital Changes | 7.49M | -28.44M | -86.09M | -82.85M | -233.3M | 398.56M | -70K | -351.37M | 1.87M |
| Cash from Investing | -523.14M | -509.07M | -957.67M | -2.53B | -474.26M | -2.86B | -3.26B | -874.27M | -195.67M |
| Purchase of Investments | -202.33M | -50.85M | -648.74M | -601.02M | -232.38M | -1.32B | -1.6B | -992.81M | 39K |
| Sale/Maturity of Investments | 116.51M | 194.68M | 689.62M | 627.61M | 176.58M | 159.08M | 699.25M | 1.14B | 870.94M |
| Net Investment Activity | -85.82M | 143.83M | 40.88M | 26.59M | -55.81M | -1.16B | -904.66M | 143.96M | 870.98M |
| Acquisitions | 363K | -14.32M | 0 | 0 | -464K | 0 | 0 | -170.59M | 0 |
| Other Investing | -436.89M | -629.38M | -984.57M | -2.56B | -414.35M | -1.7B | -2.35B | -829.25M | -1.07B |
| Cash from Financing | 612.84M | 282.48M | 2.38B | 3.08B | 1.38B | 1.08B | 3.97B | 1.6B | 272.51M |
| Dividends Paid | -7.95M | -10.22M | -17.25M | -23.67M | -31.23M | -38.07M | -48.51M | -51.17M | -59.42M |
| Share Repurchases | 0 | -700K | 0 | 0 | 0 | -3.94M | 0 | 0 | 0 |
| Stock Issued | 106.25M | 700K | 0 | 0 | 0 | 0 | 0 | 97.66M | 0 |
| Net Stock Activity | 106.25M | 0 | 0 | 0 | 0 | -3.94M | 0 | 97.66M | 0 |
| Debt Issuance (Net) | -394K | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K |
| Other Financing | 514.94M | 155M | 2.25B | 1.94B | 1.57B | 1.09B | 3.99B | -1.91B | 878.65M |
| Net Change in Cash | -86.18M▲ 0% | -23M▲ 73.3% | 170.19M▲ 840.1% | -326.98M▼ 292.1% | 852.89M▲ 360.8% | -806.45M▼ 194.6% | 358.26M▲ 144.4% | -107.81M▼ 130.1% | -264.41M▼ 145.2% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 445.7M | 359.52M | 336.52M | 506.71M | 179.73M | 1.03B | 226.16M | 584.42M | 476.61M |
| Cash at End | 359.52M | 336.52M | 506.71M | 179.73M | 1.03B | 226.16M | 584.42M | 476.61M | 212.2M |
| Interest Paid | 26.76M | 49.28M | 81.89M | 69.11M | 33.9M | 140.37M | 609.69M | 789.05M | 692.92M |
| Income Taxes Paid | 27.05M | 16.96M | 19.33M | 57.32M | 78.76M | 66.51M | 67.39M | 79.58M | 47.64M |
| Free Cash Flow | -177.88M▲ 0% | 188.83M▲ 206.2% | -1.27B▼ 773.1% | -878.51M▲ 30.9% | -52.86M▲ 94.0% | 966.96M▲ 1929.2% | -363.93M▼ 137.6% | -853.67M▼ 134.6% | -376.67M▲ 55.9% |
| FCF Growth % | -16.77% | 206.15% | -773.1% | 30.88% | 93.98% | 1929.24% | -137.64% | -134.57% | 55.88% |
MBIN Banking Ratios
Merchants Bancorp (MBIN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 18.69% | 19.06% | 15.94% | 14.39% | 24.66% | 23.1% | 16.8% | 17.67% | 16.25% | 9.67% |
| Return on Assets (ROA) | 1.33% | 1.79% | 1.73% | 1.51% | 2.25% | 2.17% | 1.84% | 1.89% | 1.79% | 1.14% |
| Net Interest Margin | 1.99% | 1.96% | 2.32% | 1.92% | 2.32% | 2.46% | 2.53% | 2.64% | 2.78% | 2.66% |
| Efficiency Ratio | 23.12% | 22.14% | 24.94% | 23.09% | 21.77% | 25.51% | 21.82% | 14.4% | 15.21% | 21.97% |
| Equity / Assets | 7.59% | 10.83% | 10.84% | 10.26% | 8.4% | 10.24% | 11.57% | 10.03% | 11.93% | 11.73% |
| Book Value / Share | 6.5 | 10.86 | 9.78 | 15.16 | 18.78 | 26.67 | 33.7 | 39.24 | 49.85 | 49.64 |
| NII Growth | 28.33% | 23.39% | 35.1% | 35.93% | 83.28% | 24.02% | 14.59% | 40.66% | 16.64% | -1.06% |
| Dividend Payout | 18.79% | 14.54% | 16.25% | 22.31% | 13.11% | 13.75% | 17.33% | 17.37% | 15.97% | 27.16% |
MBIN SEC Filings & Documents
Merchants Bancorp (MBIN) SEC filings — annual & quarterly reports (10-K, 10-Q)
MBIN Frequently Asked Questions
Merchants Bancorp (MBIN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Merchants Bancorp (MBIN) saw revenue decline by 5.7% over the past year.
Yes, Merchants Bancorp (MBIN) is profitable, generating $218.8M in net income for fiscal year 2025 (16.0% net margin).
Dividend & Returns
Yes, Merchants Bancorp (MBIN) pays a dividend with a yield of 2.77%. This makes it attractive for income-focused investors.
Merchants Bancorp (MBIN) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.
Industry Metrics
Merchants Bancorp (MBIN) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.
Merchants Bancorp (MBIN) has an efficiency ratio of 22.0%. This is excellent, indicating strong cost control.
Explore More MBIN
Merchants Bancorp (MBIN) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates