Merchants Bancorp

Merchants Bancorp

MBIN
Merchants BancorpUS flagNASDAQ Capital Market
49.09
USD
+0.31
- -
2.25BMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.09
2.47
3.26
3.14
3.83
7.94
9.9
10.19
12.94
14.87
14.76
15.39
Basic EPS, GAAP
0.9
0.98
1.52
1.38
1.58
3.85
4.78
4.49
5.66
6.36
3.87
4.08
Free Cash Flow per Basic Share
3.69
-4.81
-5.26
4.39
-29.52
-20.38
-1.22
22.4
-8.42
-19.03
-8.21
-24.32
Dividend per Share
0.13
0.2
0.24
0.24
0.4
0.55
0.72
0.88
1.12
1.14
1.3
1.3
Book Value per Share
4.37
5.22
9.66
8.83
10.23
13.86
18.4
22.49
27.85
35.03
37.7
38.78
Tangible Book Value per Share
2.59
3.49
7.52
6.52
8.06
11.53
15.41
18.46
23.75
30.61
32.79
33.58
Basic Weighted Avg Shares
32
32
34
43
43
43
43
43
43
45
46
46
Sales/Revenue/Turnover
66
78
110
135
165
343
428
440
559
667
677
706
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
1
2
2
2
3
3
3
4
Net Income, GAAP
28
33
55
63
77
181
227
220
279
320
219
228
Effective Tax Rate (%)
39.84
39.54
29.13
25.17
24.29
25.82
25.52
24.53
19.74
24.19
17.07
15.96
Profit Margin (%)
42.79
42.35
49.63
46.6
46.91
52.71
53.1
49.96
49.92
48.04
32.3
32.32
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
32
32
32
162
175
1,236
874
910
964
4,336
3,843
4,633
Total Equity
148
206
367
421
654
811
1,155
1,460
1,701
2,243
2,281
2,330
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
20.49
20.87
16.85
16.6
31.99
29.62
21.95
22.49
20.57
10.77
11.05

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
2,903
3,843
4,633
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
551
551
551
Shares Outstanding
46
46
46
Market Capitalization
1,458
1,562
1,969

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
1,248
872
698
Accounts Receivable, Net
82
82
77
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.01%
23.79%
1.67%
Free Cash Flow
-330.59%
-416.43%
-55.88%
Net Income, GAAP
28.59%
6.53%
-31.72%
Sales/Revenue/Turnover
28.69%
15.13%
1.54%
Total Cash Common Dividend
- -
14.84%
12.9%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
167
158
148
193
667
2025
145
178
170
184
677
2026
174
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.81
1.54
1.17
1.86
6.36
2025
1.05
0.6
0.97
1.25
3.87
2026
1.25
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.29
0.27
0.26
0.32
1.14
2025
0.32
0.32
0.32
0.32
1.3
2026
0.33
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Michael F. Petrie
Full Time Employees
663
Sector
Financial Services
Industry
Banks - Regional
Address
410 Monon Boulevard Carmel IN United States of America 46032
IPO Date
Oct 27, 2017
Business
Merchants Bancorp (Nasdaq: MBIN) operates as a diversified bank holding company headquartered in Carmel, Indiana, primarily through its subsidiaries including Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments LLC, Merchants Capital Servicing LLC, Merchants Asset Management LLC and Merchants Mortgage, a division of Merchants Bank of Indiana. Founded in 1990, the company conducts business across three main segments: Multi-family Mortgage Banking, which originates and services government-sponsored mortgages including FHA loans for multi-family rental housing, healthcare facilities such as skilled nursing, assisted living and memory care properties, bridge financing, construction lending and tax credit equity syndication services; Mortgage Warehousing, which provides financing for agency-eligible residential loans and commercial loans to non-depository financial institutions pending sale to investors, along with deposit services; and Banking, which offers retail and correspondent residential mortgage banking, commercial lending, commercial real estate loans, agricultural lending, small business administration lending, consumer loans, letters of credit and deposit products including checking, savings and time deposits to consumers and businesses primarily in Indiana. Merchants Bancorp maintains operations focused on the United States, with banking centers and production offices in Indiana. In recent developments, its Merchants Capital subsidiary surpassed $1.08 billion in tax credit equity raised in 2024 across multi-investor offerings, proprietary funds and state credit syndications, including the closure of its largest-ever $293 million fund in September 2024 and a $131.2 million multi-investor fund in January 2025, bringing total raises to over $2.1 billion since 2021; the company also completed a branch sale transaction in January 2024 to enhance focus on core mortgage lending activities. As of March 31, 2025, Merchants Bancorp reports total assets of $18.8 billion and deposits of $12.4 billion.

Company News

APIChatGPT
  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • Merchants Bancorp Declares Quarterly Common and Preferred Dividends

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • Merchants Bancorp (MBIN) Securities Fraud Investigation - Levi & Korsinsky

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN

  • Levi & Korsinsky Announces Investigation of Securities Claims Against Merchants Bancorp (MBIN)

  • MBIN Investor Alert: Levi & Korsinsky Investigates Merchants Bancorp (MBIN) for Potential Securities Fraud

  • Lost Money on Merchants Bancorp (MBIN)? Possible Fraud - Contact Levi & Korsinsky Today

  • MBIN SHAREHOLDER INVESTIGATION: Levi & Korsinsky Investigates Merchants Bancorp for Possible Securities Law Violations

  • Lost Money on Merchants Bancorp (MBIN)? Contact Levi & Korsinsky About Fraud Investigation

  • MBIN Investors Have Opportunity to Join Merchants Bancorp Fraud Investigation with the Schall Law Firm

  • Merchants Bancorp Investigation Initiated: Levi & Korsinsky Investigates the Officers and Directors of Merchants Bancorp (MBIN)

  • MBIN Investor Notice: Levi & Korsinsky Investigates Merchants Bancorp for Securities Law Violations

  • Merchants Bancorp: Earnings Continue To Show Upcoming Headwinds

  • Merchants Bancorp (MBIN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

  • Merchants Bancorp (MBIN) Q1 Earnings Surpass Estimates