Merchants Bancorp
MBIN
NASDAQ·Financial Services·Banks - Regional·Mkt cap $2.4B
$52.68
▲ +0.15%
P/E
10.58
Mkt Cap
$2.4B
52-Wk Range
$30.37–$56.87
52-Week Range
$30.37 - $56.87
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 60.4% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Specialized expertise in multi-family and healthcare facility lending with government-sponsored mortgage focus
- Diversified revenue streams across mortgage banking, warehousing, and traditional banking reduce concentration risk
- Low-income housing tax credit syndication capabilities provide unique value-added services and recurring revenue
- Established relationships with non-depository financial institutions in mortgage warehousing segment
Bear Case
1 risk
- Average volatility.
Growth
Revenue decline expected
Increasing demand for multi-family housing and senior living facilities driven by demographic trends
Value
Trading at 0.8x Commercial Banking peers — a discount despite the growth profile.
Momentum
Strong
+10.9% over 3m
Quality
Strong
Emerging growth company (26% revenue growth). Early stage with higher risk.
Dividend
Modest
0.80% yield
Smart-money signal
Who's buying MBIN right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Oct 27, 2026
JUL 28, 2026
Reported EPS of $1.48 vs $1.22 consensus (+21.3% surprise). Revenue of $182.2M vs $179.0M expected (+1.8%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+21.3%
Revenue trend · last 8Q
—
+22%
-13%
+12%
+14%
+84%
+2%
-30%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$148.4M
$193.1M
$310.1M
$353.7M
$343.5M
$354.7M
$317.1M
$247.5M
Margins · last 8Q
Gross
-64.6%
Operating
-34.1%
Profit
31.6%
Wall Street consensus
3 analysts · 67% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
67%
Hold
33%
Sell
0%
Median Price Target
$49.00
▼ -7.0% vs $52.68
Latest: Piper Sandler · Jul 29, 2026
1 analyst covering
vs Industry
How MBIN stacks vs Banks - Regional
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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