MBINNasdaqState Commercial BanksFiscal year ends December 31Also trades as MBINL, MBINM, MBINN
Merchants Bancorp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$47.61−1.16 (-2.38%)
Close on Oct 19, 2026
- Market cap
- $2.19B
- P/E (TTM)
- 9.6
- Dividend yield
- 0.84%
Merchants Bancorp statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of State Commercial Banks companies for comparison
Valuation
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Market Cap | $2.19B | $679.86M |
| Enterprise Value | $1.87B | $408.94M |
| PE Ratio | 9.56 | 11.99 |
| PS Ratio | 3.06 | 3.59 |
| PB Ratio | 0.91 | 1.18 |
| P/TBV Ratio | 0.92 | 1.41 |
Enterprise value
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| EV / Sales | 2.62 | 2.76 |
Income (trailing twelve months)
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Revenue | $713.82M | $170.85M |
| Pretax Income | $322.56M | $70.12M |
| Net Income | $268.59M | $54.33M |
| EPS (Diluted) | $4.98 | $2.91 |
Margins
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Pretax Margin | 45.2% | 36.5% |
| Profit Margin | 37.6% | 29.1% |
| FCF Margin | -107.2% | 33.2% |
Returns
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Return on Equity (ROE) | 11.7% | 10.6% |
| Return on Assets (ROA) | 1.33% | 1.12% |
Growth
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 6.79% | 11.8% |
| Net Income Growth (YoY) | 6.09% | 23.2% |
| EPS Growth (YoY) | 9.45% | 23.1% |
| Revenue Growth (3Y CAGR) | 15.3% | 5.82% |
| Revenue Growth (5Y CAGR) | 14.1% | 6.17% |
| EPS Growth (3Y CAGR) | -5.44% | 1.31% |
| EPS Growth (5Y CAGR) | -0.37% | 8.24% |
Balance sheet
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $314.70M | $205.54M |
| Net Cash (Debt) | $314.70M | $164.40M |
| Net Cash Per Share | $6.85 | $8.13 |
| Equity (Book Value) | $2.39B | $563.88M |
| Book Value Per Share | $52.11 | $28.47 |
| Tangible Book Value | $2.39B | $475.36M |
Cash flow (trailing twelve months)
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Operating Cash Flow | -$752.15M | $61.52M |
| Capital Expenditures | -$13.17M | -$4.08M |
| Free Cash Flow | -$765.32M | $52.15M |
| FCF Per Share | -$16.66 | $3.05 |
Efficiency
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Asset Turnover | 0.04 | 0.04 |
| Revenue Per Employee | $971.19K | $353.78K |
| Profits Per Employee | $365.42K | $107.28K |
| Employee Count | 735 | 489 |
Dividends and yields
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Earnings Yield | 12.3% | 8.13% |
| FCF Yield | -35.0% | 8.91% |
| Dividend Yield | 0.84% | 2.48% |
| Shareholder Yield | 0.84% | 3.13% |
| Dividend Per Share | $0.40 | $0.93 |
| Dividend Growth (YoY) | 11.1% | 4.26% |
| Years of Dividend Growth | 8 | 2 |
| Payout Ratio | 22.5% | 29.3% |
Shares
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Shares Outstanding | 45,938,100 | 18,839,100 |
| Shares Change (YoY) | 0.13% | 0.40% |
| Float | 27,940,500 | 17,061,900 |
| Shares Held by Insiders | 39.2% | 5.89% |
| Shares Held by Institutions | 98.3% | 61.9% |
Taxes
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Income Tax | $53.97M | $14.50M |
| Effective Tax Rate | 16.7% | 21.1% |
Scores
| Measure | Merchants Bancorp | Industry median |
|---|---|---|
| Graham Number | $76.41 | $45.31 |
| Graham Upside | 60.5% | 21.9% |
| Altman Z-Score | 0.21 | 0.21 |
| Piotroski F-Score | 2 | 6 |
Calculated by StockData from Merchants Bancorp's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.