Merchants Bancorp (MBIN)

Merchants Bancorp Statistics

Total Valuation

MBIN has a market cap or net worth of $2.10 billion. The enterprise value is $6.31 billion.

Market Cap	2.10B
Enterprise Value	6.31B

Important Dates

The last earnings date was Tuesday, April 28, 2026, after market close.

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

Share Statistics

MBIN has 45.94 million shares outstanding. The number of shares has increased by 0.76% in one year.

Current Share Class	45.94M
Shares Outstanding	45.94M
Shares Change (YoY)	+0.76%
Shares Change (QoQ)	+0.05%
Owned by Insiders (%)	37.37%
Owned by Institutions (%)	40.19%
Float	28.77M

Valuation Ratios

The trailing PE ratio is 11.17 and the forward PE ratio is 8.73.

PE Ratio	11.17
Forward PE	8.73
PS Ratio	3.59
Forward PS	2.81
PB Ratio	1.18
P/TBV Ratio	1.19
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	33.49
EV / Sales	10.78
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 10.17%.

Return on Equity (ROE)	10.17%
Return on Assets (ROA)	1.17%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	3.25%
Revenue Per Employee	$796,570
Profits Per Employee	$256,348
Employee Count	735
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, MBIN has paid $43.35 million in taxes.

Income Tax	43.35M
Effective Tax Rate	15.96%

Stock Price Statistics

The stock price has increased by +45.60% in the last 52 weeks. The beta is 1.16, so MBIN's price volatility has been higher than the market average.

Beta (5Y)	1.16
52-Week Price Change	+45.60%
50-Day Moving Average	44.99
200-Day Moving Average	37.07
Relative Strength Index (RSI)	45.94
Average Volume (20 Days)	173,193

Short Selling Information

The latest short interest is 1.66 million, so 3.62% of the outstanding shares have been sold short.

Short Interest	1.66M
Short Previous Month	1.66M
Short % of Shares Out	3.62%
Short % of Float	5.77%
Short Ratio (days to cover)	7.63

Income Statement

In the last 12 months, MBIN had revenue of $585.48 million and earned $188.42 million in profits. Earnings per share was $4.10.

Revenue	585.48M
Gross Profit	585.48M
Operating Income	304.58M
Pretax Income	271.61M
Net Income	188.42M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$4.10

Balance Sheet

The company has $588.03 million in cash and $4.79 billion in debt, with a net cash position of -$4.21 billion or -$91.57 per share.

Cash & Cash Equivalents	588.03M
Total Debt	4.79B
Net Cash	-4.21B
Net Cash Per Share	-$91.57
Equity (Book Value)	2.33B
Book Value Per Share	38.73
Working Capital	-7.66B

Cash Flow

Operating Cash Flow	-1.09B
Capital Expenditures	-15.23M
Depreciation & Amortization	n/a
Net Borrowing	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross Margin	n/a
Operating Margin	52.02%
Pretax Margin	46.39%
Profit Margin	38.99%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $0.44, which amounts to a dividend yield of 0.95%.

Dividend Per Share	$0.44
Dividend Yield	0.95%
Dividend Growth (YoY)	10.81%
Years of Dividend Growth	9
Payout Ratio	10.00%
Buyback Yield	-0.76%
Shareholder Yield	0.11%
Earnings Yield	8.96%
FCF Yield	n/a

Analyst Forecast

The average price target for MBIN is $43.67, which is -4.69% lower than the current price. The consensus rating is "Buy".

Price Target	$43.67
Price Target Difference	-4.69%
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