Merchants Bancorp (MBIN)
Market Cap | 1.88B |
Revenue (ttm) | 577.62M |
Net Income (ttm) | 276.66M |
Shares Out | 45.75M |
EPS (ttm) | 6.37 |
PE Ratio | 6.46 |
Forward PE | 6.90 |
Dividend | $0.36 (0.88%) |
Ex-Dividend Date | Jun 14, 2024 |
Volume | 81,778 |
Open | 40.96 |
Previous Close | 40.93 |
Day's Range | 40.82 - 41.36 |
52-Week Range | 24.46 - 48.68 |
Beta | 1.08 |
Analysts | Strong Buy |
Price Target | 55.50 (+34.94%) |
Earnings Date | Jul 25, 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, MBIN'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 2 analysts, the average rating for MBIN stock is "Strong Buy." The 12-month stock price forecast is $55.5, which is an increase of 34.94% from the latest price.
News
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Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind. , May 16, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today an...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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.
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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...
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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.
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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.
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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...
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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...
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Merchants Bancorp Confirms its Liquidity Remains Strong
CARMEL, Ind. , March 13, 2023 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today ...
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Merchants Capital Provides Record $8.95 Billion in Debt Financing in 2022
CARMEL, Ind. , March 2, 2023 /PRNewswire/ -- (Nasdaq: MBIN) -- Leading financial services provider Merchants Capital announced it closed a record $8.95 billion in debt production in 2022, surpassing t...
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Merchants Bancorp Increases Quarterly Common Dividend by 14%; Declares Quarterly Common and Preferred Dividends
CARMEL, Ind. , Feb. 16, 2023 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today a...
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Merchants Capital New York Sets Office Record with $1.3BB+ Financed in 2022
NEW YORK , Feb. 7, 2023 /PRNewswire/ -- (Nasdaq: MBIN) The New York office of leading financial services provider Merchants Capital announces the firm has set a record-breaking year with its debt prod...
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Merchants Bancorp Reports Full Year and Fourth Quarter 2022 Results
Full year 2022 net income of $219.7 million decreased 3% compared to 2021 Full year 2022 diluted earnings per common share of $4.47 decreased 6% compared to 2021 Fourth quarter 2022 net income of $57....
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Merchants Bancorp Reports Third Quarter 2022 Results
Third quarter 2022 net income of $58.5 million was equal to the third quarter of 2021 and increased 8% compared to the second quarter of 2022 Third quarter 2022 diluted earnings per common share of $1...
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5 Stocks Insiders Are Buying in October
According to the Insider Cluster Buys screen, a Premium feature of GuruFocus, five stocks that had a high number of company insiders buying shares over the past month were CNB Financial Corp. ( CCNE ,...
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Merchants Capital Closes $180M Multi-Investor Fund to Support Over 2,400 Affordable Homes in 12 States
CARMEL, Ind. , Oct. 5, 2022 /PRNewswire/ -- (Nasdaq: MBIN) Merchants Capital is pleased to announce the closing of Merchants Capital Tax Credit Equity Fund X, L.P.
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Merchants Bancorp Closes Depositary Share Offering
CARMEL, Ind. , Sept. 27, 2022 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ: MBIN), parent company of Merchants Bank of Indiana, today announced the closing of its previously announced under...
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Merchants Bancorp Prices Perpetual Preferred Stock Offering
CARMEL, Ind. , Sept. 23, 2022 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana ("Merchants Bank"), announced the pricing of an underwritten p...