Merchants Bancorp (MBIN)
| Market Cap | 1.75B |
| Revenue (ttm) | 607.41M |
| Net Income (ttm) | 267.52M |
| Shares Out | 45.76M |
| EPS (ttm) | 6.03 |
| PE Ratio | 6.34 |
| Forward PE | 7.16 |
| Dividend | $0.36 (0.94%) |
| Ex-Dividend Date | Sep 13, 2024 |
| Volume | 197,403 |
| Open | 38.75 |
| Previous Close | 39.00 |
| Day's Range | 38.01 - 39.08 |
| 52-Week Range | 32.52 - 53.27 |
| Beta | 1.13 |
| Analysts | Buy |
| Price Target | 52.33 (+37.03%) |
| Earnings Date | Oct 28, 2024 |
About MBIN
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities. This segment also offers customized loan products... [Read more]
Financial Performance
In 2023, Merchants Bancorp's revenue was $522.51 million, an increase of 22.31% compared to the previous year's $427.19 million. Earnings were $244.56 million, an increase of 26.23%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for MBIN stock is "Buy." The 12-month stock price forecast is $52.33, which is an increase of 37.03% from the latest price.
News
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind. , Nov. 20, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today a...
Merchants Bancorp Prices Depositary Share Offering
CARMEL, Ind. , Nov. 18, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), a holding company that operates through its wholly owned subsidiary, Merchants Bank of Indiana ("Merchants ...
Merchants Bancorp: Earnings Trouble Opens Up Income Opportunity
Merchants Bancorp's shares dropped nearly 20% after earnings, presenting an opportunity to sell short-term cash secured put options for income. Despite higher borrowing costs, net interest income is r...
Merchants Bancorp Reports Third Quarter 2024 Results
Third quarter 2024 net income of $61.3 million, decreased 25% compared to third quarter of 2023 and decreased 20% compared to the second quarter 2024, reflecting unfavorable fair market value adjustme...
Merchants Bancorp: A Shift To The Floating Preferred
Merchants Bancorp's financial performance has been strong, with net interest income growing despite rising interest expenses. Loan and deposit growth remain robust, with year-over-year loan growth ove...
Merchants Bancorp Appoints Sean Sievers as Chief Financial Officer
CARMEL, Ind. , Sept. 11, 2024 /PRNewswire/ -- Merchants Bancorp (the "Company")(NASDAQ: MBIN) and its wholly owned subsidiary, Merchants Bank, have announced the appointment of Sean Sievers as its new...
Merchants Capital Executes Credit Risk Transfer on $543+ Million Multifamily Bridge Loans
CARMEL, Ind. , Aug. 1, 2024 /PRNewswire/ -- (Nasdaq: MBIN) Leading financial services provider Merchants Capital today announced the execution of a $543.5 million Credit Risk Transfer (CRT), secured ...
Merchants Bancorp Reports Second Quarter 2024 Results
Second quarter 2024 net income of $76.4 million, increased 17% compared to second quarter of 2023 and decreased 12% compared to the first quarter 2024. Second quarter 2024 diluted earnings per common ...
Merchants Bancorp And Preferreds Reviewed
Merchants Bancorp has several preferred stocks, including fixed rate and floating rate issues. The bank recently called one of its preferred stocks, indicating its strong financial position. The bank ...
Merchants Bancorp Announces Pricing of Common Stock Offering
CARMEL, Ind. , May 13, 2024 /PRNewswire/ -- Merchants Bancorp (Nasdaq: MBIN) ("Merchants" or the "Company"), a holding company that operates through its wholly owned banking subsidiary, Merchants Bank...
Merchants Bancorp Announces Launch of Common Stock Offering
CARMEL, Ind. , May 13, 2024 /PRNewswire/ -- Merchants Bancorp (Nasdaq: MBIN) ("Merchants" or the "Company"), a holding company that operates through its wholly owned banking subsidiary, Merchants Bank...
Merchants Bancorp Reports First Quarter 2024 Results
First quarter 2024 net income of $87.1 million was the Company's highest quarterly earnings ever recorded, increasing 58% compared to first quarter of 2023 and increasing 12% compared to the fourth qu...
Merchants Bancorp Announces Redemption of Its Series A Preferred Stock
CARMEL, Ind. , Feb. 28, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN) today announced that on April 1, 2024 it will redeem all outstanding shares of its 7.00% Fixed-to-Floating R...
Merchants Bancorp Increases Quarterly Common Dividend by 13%; Declares Quarterly Common and Preferred Dividends
CARMEL, Ind. , Feb. 14, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today a...
Merchants Bancorp Reports Fourth Quarter 2023 Results
Full year 2023 net income of $279.2 million set a new Company record, increasing 27% compared to 2022. Full year 2023 diluted earnings per common share of $5.64 reached the highest level in Company hi...
Merchants Bancorp Reports Third Quarter 2023 Results
Third quarter 2023 net income of $81.5 million increased 39% compared to third quarter of 2022 and increased 25% compared to the second quarter 2023. Third quarter 2023 diluted earnings per common sha...
Bank of Pontiac and CBI Bank & Trust to Acquire Branches of Farmers-Merchants Bank of Illinois
CARMEL, Ind. , Sept. 7, 2023 /PRNewswire/ -- Merchants Bancorp (Nasdaq: MBIN)("Merchants"), a registered bank holding company and the parent company of Merchants Bank of Indiana and Farmers-Merchants ...
Regional banks facing credit losses for commercial real estate: Moody's study
A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.
Merchants Bancorp Reports Second Quarter 2023 Results
Second quarter 2023 net income of $65.3 million increased 21% compared to second quarter of 2022 and increased 19% compared to the first quarter 2023. Second quarter 2023 diluted earnings per common s...
Merchants Capital Closes $196.5MM Multi-Investor Tax Credit Fund to Support Over 2,300 Affordable Homes in 13 States
CARMEL, Ind. , July 21, 2023 /PRNewswire/ -- (Nasdaq: MBIN) Merchants Capital is pleased to announce the closing of Merchants Capital Tax Credit Equity Fund 15, L.P.
5 Ideas in Small Caps as They Join the Rally
Xerox, First Financial Bancorp, Leslie's, Barnes Group, and Merchants Bancorp pop up on screens for smaller companies expected to grow earnings.
Merchants Bancorp: Attractive 8.6% Yielding Series D Preferred Share
Merchants Bancorp's Q1 earnings show stability, with net income reaching $55 million, $5 million higher than the prior year and six times higher than preferred dividend obligations. The bank's balance...
Merchants Bank of Indiana Receives Superior Rating from IDC Financial Publishing, Inc.
CARMEL, Ind. , May 10, 2023 /PRNewswire/ -- Merchants Bank of Indiana (NASDAQ: MBIN) ("Merchants Bank") is proud to announce it has received a superior rating from the nationally recognized bank ratin...
Merchants Bancorp Reports First Quarter 2023 Results
First quarter 2023 net income of $55.0 million increased 10% compared to first quarter of 2022 and decreased 4% compared to the fourth quarter 2022. First quarter 2023 diluted earnings per common shar...