Merchants Bancorp (the Company, Merchants, we, our, or us ), an Indiana corporation formed in 2006, is a diversified bank holding company headquartered in Carmel, Indiana and registered under the Bank Holding Company Act of 1956, as amended. We currently operate in multiple business segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcar…
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue
N/A
Net Income (TTM)
$269M
▼ -31.7% YoY
Net Margin
–
P/E
10.73
Balance Sheet
Total Assets
$21.23B
Equity
$2.39B
Total Debt
$15M
Cash & Equiv.
$842M
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Peers
State Commercial Banks · Pick stocks to compare with MBIN
Held by ETFs
MBIN is in 68 US ETFs. The largest of them, with MBIN's weight in each:
iShares Core S&P Small-Cap ETFIJR0.07%of the fund
iShares Russell 2000 ETFIWM0.04%of the fund
Avantis U.S. Small Cap Value ETFAVUV0.12%of the fund
Schwab U.S. Small-Cap ETFSCHA0.03%of the fund
Vanguard Russell 2000 ETFVTWO0.04%of the fund
State Street SPDR Portfolio S&P 600 Small Cap ETFSPSM0.07%of the fund
Merchants Bancorp (MBIN) in four numbers
Questions about Merchants Bancorp
Is Merchants Bancorp (MBIN) overvalued?
At $53.43, Merchants Bancorp's price is 36% below the $82.95 a share fair value that Intrinsiqq's calculator gets from its book value. It trades at 10.73 times earnings. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.
What is Merchants Bancorp's fair value?
Intrinsiqq's calculator puts Merchants Bancorp's fair value at $82.95 a share. It grows book value per share 20% a year for 5 years, applies an exit P/B of 0.9, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of $62.21. Every input can be changed on the Intrinsic Value tab.
Is Merchants Bancorp a high-quality business?
Merchants Bancorp scores 54 out of 100 on Intrinsiqq's quality score, which makes it a mixed business on these measures. The score blends 6 checks computed from SEC filings. Its best check is book value growth at 15.6%, and its weakest is share count change at 6.2%. The Quality tab shows every check against its target.
Does Merchants Bancorp (MBIN) pay a dividend, and how much?
Yes. Merchants Bancorp (MBIN) pays a dividend: $1.29 per share for fiscal 2025, a dividend yield of 2.42% at the latest close. It has raised its dividend per share for 5 years in a row, growing at 18.7% a year over the last 5 years. The payout takes about 22.5% of earnings.
Source: 10-Q filed 30 Jul 2026 (period ending 30 Jun 2026), SEC. Price: last close 4 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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