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Merchants Bancorp

MBINFinancial ServicesNASDAQ

Banks - Regional

PriceMA150MA200
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Financials · Annual
Revenue
$677.2M
+1.5% YoY
Net Income
$218.8M
-31.7% YoY

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About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. Valued at $2.17B, MBIN is a mid-cap name in its sector. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking.

Key stats
Market Cap$2.17B
P/E (TTM)11.50
Fwd P/E8.28
EPS$4.10
Beta1.16
52W Change+49.1%
Dividend Yield0.93%
ROE10.2%
Analysis

The company holds $588.0M in cash, though total debt stands at $4.79B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. ROE of 10.2% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.2% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $439.8M (2022) to $677.2M (2025), reflecting a 54% increase over the period.

Merchants Bancorp carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Merchants Bancorp's trajectory.

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