Skip to main content
Back
MBIN logo

Merchants Bancorp

Data quality: 100%
MBIN
NASDAQ Financial Services Banks - Regional
$42.68
▲ $1.00 (2.40%)
Mkt Cap: 1.96B
Also listed as MBINL NASDAQ
Day Range
$41.10 $43.66
52-Week Range
$27.25 $48.50
Volume
239,997
50D / 200D Avg
$41.01 / $34.85
Prev Close
$41.68

Price History

Financial Trends

Peer Comparison

vs Financial Services sector median (854 peers)

Metric Stock Sector Median
P/E 9.0 10.3
P/B 0.9 1.1
ROE % 9.7 11.6
Net Margin % 16.0 16.8
Rev Growth 5Y % 31.1 11.6
D/E 1.7 0.5

Analyst Price Target

Hold
$40.50 -5.1%
Low: $39.00 High: $42.00
Forward P/E
8.0
Forward EPS
$5.24
EPS Growth (est.)
+0.0%
Est. Revenue
730 M

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2028 $6.31
$6.23 – $6.44
800 M 1
FY2027 $5.75
$5.35 – $6.23
760 M 2
FY2026 $5.24
$5.05 – $5.35
730 M 2

Key Takeaways

Revenue grew 31.14% annually over 5 years — strong growth
Earnings declined -31.72% over the past year
Net margin of 16.02% shows strong profitability
Negative free cash flow of -376.67M
P/E of 8.97 — trading at a low valuation
Revenue growth is decelerating — 1Y growth trails 5Y average by 36.79%

Growth

Revenue Growth (5Y)
31.14%
Revenue (1Y)-5.65%
Earnings (1Y)-31.72%
FCF Growth (3Y)N/A

Quality

Return on Equity
9.67%
ROIC3.23%
Net Margin16.02%
Op. Margin19.32%

Safety

Debt / Equity
1.68
Current Ratio3.17
Interest Coverage0.39

Valuation

P/E Ratio
8.97
P/B Ratio0.86
EV/EBITDA21.94
Dividend Yield0.04%

All Fundamental Metrics

Growth
Revenue Growth (1Y) -5.65% Revenue Growth (3Y) 7.15%
Earnings Growth (1Y) -31.72% Earnings Growth (3Y) -11.49%
Revenue Growth (5Y) 31.14% Earnings Growth (5Y) -0.93%
Profitability
Revenue (TTM) 1.37B Net Income (TTM) 218.77M
ROE 9.67% ROA 1.12%
Gross Margin 41.29% Operating Margin 19.32%
Net Margin 16.02% Free Cash Flow (TTM) -376.67M
ROIC 3.23% FCF Growth (3Y) N/A
Safety
Debt / Equity 1.68 Current Ratio 3.17
Interest Coverage 0.39 Dividend Yield 0.04%
Valuation
P/E Ratio 8.97 P/B Ratio 0.86
P/S Ratio 1.44 PEG Ratio -0.18
EV/EBITDA 21.94 Dividend Yield 0.04%
Market Cap 1.96B Enterprise Value 5.79B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 1.37B 1.45B 1.19B 602.07M 461.56M
Net Income 218.77M 320.39M 279.23M 219.72M 227.10M
EPS (Diluted) 3.78 6.30 5.64 4.47 4.76
Gross Profit 563.69M 642.69M 519.10M 422.49M 422.66M
Operating Income 263.80M 422.64M 347.91M 291.14M 304.93M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 19.45B 18.81B 16.95B 12.62B 11.28B
Total Liabilities 17.17B 16.56B 15.25B 11.16B 10.12B
Shareholders' Equity 2.28B 2.24B 1.70B 1.46B 1.16B
Total Debt 3.84B 4.34B 964.13M 940.39M 1.17B
Cash & Equivalents 15.84M 476.61M 584.42M 226.16M 1.03B
Current Assets 11.91B 650.03M 1.79B 605.76M 1.37B
Current Liabilities 3.76B 11.92B 14.06B 10.10B 9.28B