Merchants Bancorp (MBIN)

Merchants Bancorp Statistics

Total Valuation

MBIN has a market cap or net worth of $1.99 billion. The enterprise value is $5.62 billion.

Market Cap	1.99B
Enterprise Value	5.62B

Important Dates

The last earnings date was Wednesday, January 28, 2026, after market close.

Earnings Date	Jan 28, 2026
Ex-Dividend Date	Mar 13, 2026

Share Statistics

MBIN has 45.89 million shares outstanding. The number of shares has increased by 2.08% in one year.

Current Share Class	45.89M
Shares Outstanding	45.89M
Shares Change (YoY)	+2.08%
Shares Change (QoQ)	+0.06%
Owned by Insiders (%)	36.23%
Owned by Institutions (%)	35.31%
Float	29.27M

Valuation Ratios

The trailing PE ratio is 11.45 and the forward PE ratio is 8.27.

PE Ratio	11.45
Forward PE	8.27
PS Ratio	3.52
Forward PS	2.69
PB Ratio	1.15
P/TBV Ratio	1.15
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	32.36
EV / Sales	9.96
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 9.67%.

Return on Equity (ROE)	9.67%
Return on Assets (ROA)	1.14%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	3.81%
Revenue Per Employee	$850,216
Profits Per Employee	$261,768
Employee Count	663
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, MBIN has paid $45.03 million in taxes.

Income Tax	45.03M
Effective Tax Rate	17.07%

Stock Price Statistics

The stock price has increased by +5.05% 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	+5.05%
50-Day Moving Average	38.54
200-Day Moving Average	34.03
Relative Strength Index (RSI)	54.83
Average Volume (20 Days)	617,142

Short Selling Information

The latest short interest is 1.46 million, so 3.18% of the outstanding shares have been sold short.

Short Interest	1.46M
Short Previous Month	1.59M
Short % of Shares Out	3.18%
Short % of Float	4.98%
Short Ratio (days to cover)	8.60

Income Statement

In the last 12 months, MBIN had revenue of $563.69 million and earned $173.55 million in profits. Earnings per share was $3.78.

Revenue	563.69M
Gross Profit	563.69M
Operating Income	295.60M
Pretax Income	263.80M
Net Income	173.55M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$3.78

Balance Sheet

The company has $213.72 million in cash and $3.84 billion in debt, with a net cash position of -$3.63 billion or -$79.07 per share.

Cash & Cash Equivalents	213.72M
Total Debt	3.84B
Net Cash	-3.63B
Net Cash Per Share	-$79.07
Equity (Book Value)	2.28B
Book Value Per Share	37.68
Working Capital	-8.81B

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross Margin	n/a
Operating Margin	52.44%
Pretax Margin	46.80%
Profit Margin	38.81%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $0.40, which amounts to a dividend yield of 0.94%.

Dividend Per Share	$0.40
Dividend Yield	0.94%
Dividend Growth (YoY)	10.81%
Years of Dividend Growth	9
Payout Ratio	10.85%
Buyback Yield	-2.08%
Shareholder Yield	-1.16%
Earnings Yield	8.74%
FCF Yield	n/a

Analyst Forecast

The average price target for MBIN is $40.67, which is -6.05% lower than the current price. The consensus rating is "Buy".

Price Target	$40.67
Price Target Difference	-6.05%
Analyst Consensus	Buy
Analyst Count	3
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Fair 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	2