Inside the research
Merchants Bancorp
MBIN Research profile · latest available data
Price overview
$52.10
▼ -0.13 (-0.2%)
| 52w hi | $55.60 |
|---|---|
| 52w lo | $30.13 |
| Vol | 148.60K |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.47
| Short | +0.29 |
|---|---|
| Medium | +0.51 |
| Long | +0.75 |
computed 2026-09-27
Key fundamentals
Merchants Bancorp
Financial Services · Banks - Regional
| Market cap | $2.39B |
|---|---|
| Enterprise value | $6.45B |
| Trailing P/E | 10.46x |
| Forward P/E | 8.68x |
| P / S (ttm) | 3.78x |
| Profit margin | 42.5% |
| Return on equity | 11.7% |
| Revenue growth | +37.1% |
| Earnings growth | +146.7% |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.47 | |
| Sector | +0.02 | |
| Technical | +0.24 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates, and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for housing development and healthcare facilities financing. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, 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, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.
Risk Metrics
| Beta vs SPX | 0.82 |
|---|---|
| Corr SPX | 0.34 |
| Annual vol | 38.6% |
| Annual ret | +14.2% |
| Sharpe | 0.37 |
| Max DD | -36.4% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-28 | Earnings Release, Exhibits | read |
| 2026-05-21 | Shareholder Vote, Other Material Event… | read |
| 2026-04-28 | Earnings Release, Exhibits | read |
| 2026-02-19 | Other Material Event, Exhibits | read |
| 2026-01-28 | Earnings Release, Exhibits | read |
| 2025-11-19 | Other Material Event, Exhibits | read |
| 2025-10-28 | Earnings Release, Exhibits | read |
| 2025-08-21 | Other Material Event, Exhibits | read |
| 2025-07-28 | Earnings Release, Exhibits | read |
| 2025-05-15 | Shareholder Vote, Other Material Event… | read |
| 2025-04-28 | Earnings Release, Exhibits | read |
| 2025-03-20 | Officer / Director Change, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-05 | Dury Michael R. | Officer, CEO of Merchants | Gift | 3.70K | — |
| 2026-07-30 | Kaercher Julia L. | Director | Sell | 9.00K | $496.80K |
| 2026-07-30 | Petrie Michael F. | Director, Officer, 10%Own | Sell | 9.00K | $496.80K |
| 2026-06-03 | Dury Michael R. | Officer, CEO of Merchants | Gift | 10.70K | — |
| 2026-05-21 | Shaffer Mark E. | Director | Grant | 381 | $17.54K |
| 2026-05-21 | O'Brien Patrick D. | Director | Grant | 381 | $17.54K |
| 2026-05-21 | JUSTER ANDREW | Director | Grant | 381 | $17.54K |
| 2026-05-21 | Dinwiddie Thomas | Director | Grant | 381 | $17.54K |
| 2026-05-21 | Catchings Tamika | Director | Grant | 381 | $17.54K |
| 2026-05-21 | Sellers Anne E. | Director | Grant | 381 | $17.54K |
Flow & Concentration
| Insider 180d net | -$993.60K |
|---|---|
| Insider buys / sells | 0 / 2 |
| Insider bias | Neutral |
| 13F holders | 0 |
| Top-5 share | 0.0% |
| HHI | 0 (—) |
SEC Filings
The Long Run
FY 2017–2025 · 9 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Net income | $279.23M | +30.5% | |
| Cash from ops | -$356.40M | — |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $52.29 | $52.80 | $51.99 | $52.10 | 148.60K |
| Sep 24 | $51.34 | $52.35 | $51.08 | $52.23 | 137.10K |
| Sep 23 | $51.71 | $52.29 | $51.14 | $51.37 | 117.80K |
| Sep 22 | $52.58 | $52.97 | $51.71 | $52.14 | 150.20K |
| Sep 21 | $52.33 | $52.57 | $51.90 | $52.35 | 176.80K |
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