Merchants Bancorp Statistics
Total Valuation
MBIN has a market cap or net worth of $1.44 billion. The enterprise value is $3.38 billion.
Important Dates
The last earnings date was Tuesday, October 28, 2025, after market close.
| Earnings Date | Oct 28, 2025 |
| Ex-Dividend Date | Dec 15, 2025 |
Share Statistics
MBIN has 45.89 million shares outstanding. The number of shares has increased by 3.50% in one year.
| Current Share Class | 45.89M |
| Shares Outstanding | 45.89M |
| Shares Change (YoY) | +3.50% |
| Shares Change (QoQ) | +0.04% |
| Owned by Insiders (%) | 36.19% |
| Owned by Institutions (%) | 34.87% |
| Float | 29.28M |
Valuation Ratios
The trailing PE ratio is 7.24 and the forward PE ratio is 6.92.
| PE Ratio | 7.24 |
| Forward PE | 6.92 |
| PS Ratio | 2.41 |
| Forward PS | 1.98 |
| PB Ratio | 0.86 |
| P/TBV Ratio | 0.87 |
| P/FCF Ratio | 62.01 |
| P/OCF Ratio | 30.90 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 16.91 |
| EV / Sales | 5.65 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 145.14 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 125.55 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 11.84%.
| Return on Equity (ROE) | 11.84% |
| Return on Assets (ROA) | 1.30% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Revenue Per Employee | $900,825 |
| Profits Per Employee | $301,195 |
| Employee Count | 663 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, MBIN has paid $71.21 million in taxes.
| Income Tax | 71.21M |
| Effective Tax Rate | 22.41% |
Stock Price Statistics
The stock price has decreased by -17.70% in the last 52 weeks. The beta is 1.26, so MBIN's price volatility has been higher than the market average.
| Beta (5Y) | 1.26 |
| 52-Week Price Change | -17.70% |
| 50-Day Moving Average | 31.83 |
| 200-Day Moving Average | 33.74 |
| Relative Strength Index (RSI) | 48.10 |
| Average Volume (20 Days) | 161,909 |
Short Selling Information
The latest short interest is 1.80 million, so 3.93% of the outstanding shares have been sold short.
| Short Interest | 1.80M |
| Short Previous Month | 1.64M |
| Short % of Shares Out | 3.93% |
| Short % of Float | 6.16% |
| Short Ratio (days to cover) | 10.25 |
Income Statement
In the last 12 months, MBIN had revenue of $597.25 million and earned $199.69 million in profits. Earnings per share was $4.34.
| Revenue | 597.25M |
| Gross Profit | 597.25M |
| Operating Income | 348.02M |
| Pretax Income | 317.79M |
| Net Income | 199.69M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $4.34 |
Full Income StatementBalance Sheet
The company has $986.56 million in cash and $2.92 billion in debt, giving a net cash position of -$1.93 billion or -$42.14 per share.
| Cash & Cash Equivalents | 986.56M |
| Total Debt | 2.92B |
| Net Cash | -1.93B |
| Net Cash Per Share | -$42.14 |
| Equity (Book Value) | 2.23B |
| Book Value Per Share | 36.48 |
| Working Capital | -8.66B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $46.67 million and capital expenditures -$23.41 million, giving a free cash flow of $23.26 million.
| Operating Cash Flow | 46.67M |
| Capital Expenditures | -23.41M |
| Free Cash Flow | 23.26M |
| FCF Per Share | $0.51 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 58.27% |
| Pretax Margin | 53.21% |
| Profit Margin | 41.29% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 3.89% |
Dividends & Yields
This stock pays an annual dividend of $0.40, which amounts to a dividend yield of 1.27%.
| Dividend Per Share | $0.40 |
| Dividend Yield | 1.27% |
| Dividend Growth (YoY) | 11.11% |
| Years of Dividend Growth | 8 |
| Payout Ratio | 9.21% |
| Buyback Yield | -3.50% |
| Shareholder Yield | -2.22% |
| Earnings Yield | 13.85% |
| FCF Yield | 1.61% |
Dividend DetailsAnalyst Forecast
The average price target for MBIN is $39.67, which is 26.22% higher than the current price. The consensus rating is "Buy".
| Price Target | $39.67 |
| Price Target Difference | 26.22% |
| Analyst Consensus | Buy |
| Analyst Count | 3 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsFair Value
There are several formulas that can be used to estimate the intrinsic value of a stock.
| Lynch Fair Value | |
| Lynch Upside | |
| Graham Number | |
| Graham Upside | |
Stock Splits
The last stock split was on January 18, 2022. It was a forward split with a ratio of 1.5:1.
| Last Split Date | Jan 18, 2022 |
| Split Type | Forward |
| Split Ratio | 1.5:1 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 3 |
