Business quality is the primary weakness (avg 53/100). Growth is the relative bright spot.
Broad-market heuristics · Not a buy/sell signal
Valuation and growth
Valuation
Growth
Under 20x, reasonable relative to earnings
1.0x book, reasonable for a financial
Above 8% book-value compounding, strong
Business Quality & Capital Allocation
Heavy dilution above 5%
10–15%, healthy ROE
11.3% equity/assets, comfortable cushion
Merchants Bancorp (MBIN) quality: score, margins and returns
Merchants Bancorp (MBIN) scores 54/100 on Intrinsiqq's quality score (a mixed business), a weighted blend of 6 metrics each scored 0 to 100. Every metric is computed from SEC filings; this is analysis, not investment advice.
Frequently asked
Is Merchants Bancorp (MBIN) a high-quality business?+
Merchants Bancorp scores 54 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which rates it a mixed business on these measures. Quality and price are separate questions: even a great business can be a poor investment if you overpay, so read this score alongside the valuation. The metric-by-metric breakdown is on this scorecard.
What does Merchants Bancorp's quality score measure?+
Intrinsiqq's quality score weighs profitability, returns on capital, revenue growth, and balance-sheet strength, using measures suited to banks, insurers and other financial companies (where free-cash-flow and operating-margin metrics do not apply), each computed from MBIN's SEC filings rather than opinion or sentiment. A higher score means a more durable, capital-efficient business; it is not a buy or sell signal. Open each metric on this page to see exactly where Merchants Bancorp scores well and where it falls behind.
SourceQuality score computed from the 10-Q filed 30 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.
Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically. Checks use broad-market heuristics, so sector norms may differ, and the valuation checks are more cyclical than the quality checks.
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
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
Spot a number that looks wrong? Check it in MBIN's SEC filings or
Download this analysis as a PDF (Pro)
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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