Merchants Bancorp (MBIN)
| Market Cap | 1.67B |
| Revenue (ttm) | 522.51M |
| Net Income (ttm) | 244.56M |
| Shares Out | 43.33M |
| EPS (ttm) | 5.64 |
| PE Ratio | 6.82 |
| Forward PE | 6.66 |
| Dividend | $0.36 (0.94%) |
| Ex-Dividend Date | Mar 14, 2024 |
| Volume | 127,233 |
| Open | 37.63 |
| Previous Close | 37.63 |
| Day's Range | 37.45 - 38.74 |
| 52-Week Range | 21.50 - 48.68 |
| Beta | 1.17 |
| Analysts | Strong Buy |
| Price Target | 46.50 (+20.97%) |
| Earnings Date | Apr 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 $46.5, which is an increase of 20.97% from the latest price.
News
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 Declares Quarterly Common and Preferred Dividends
CARMEL, Ind. , Nov. 15, 2023 /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 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 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...
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 ...
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...
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...
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...
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....
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...
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 ,...
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.
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...
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...
Merchants Bank Completes Private Securitization of $1.2 billion in Multifamily Loans
CARMEL, Ind. , Sept. 22, 2022 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today ...
Merchants Bancorp Reports Second Quarter 2022 Results
Second quarter 2022 net income of $53.9 million increased 5% compared to the second quarter of 2021 and increased 8% compared to the first quarter of 2022 Second quarter 2022 diluted earnings per comm...
3 Bank CEOs Gobble Up Their Own Stock
Chief executives at three regional banks have bought their own companies' stock last month.