NASDAQ · Banks - Regional · USD

Merchants Bancorp (MBINM) Stock Analysis

Merchants Bancorp (MBINM) is a Banks - Regional stock listed on NASDAQ and quoted in US Dollar.

MBINM

$25.52

−$0.15 (−0.58%)

Sep 4, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare MBINM with… →

MBINM Key Statistics

As of Sep 4, 2026

Trading

Open: $25.67
Previous Close: $25.67
Day's Range: 25.51–25.68
52-Week Range: 24.00–25.96
Volume: 8.50K
Beta: 1.14

Financials (FY)

Revenue (FY): $677.24M+1.54%
Net Income (FY): $218.77M−31.72%
Profit margin: 42.47%
1-Year Return: +9.76%

Dividend and dates

Dividend: $2.06+8.03%
Ex-Dividend Date: September 15, 2026
Avg Volume: 6.92K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

MBINM Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+13.86%−5.01%+15.25%+7.32%+4.74%

2022*2023202420252026*

Year	Return
2026 (partial year)	+4.74%
2025	+7.32%
2024	+15.25%
2023	−5.01%
2022 (partial year)	+13.86%

As of September 4, 2026.

MBINM Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$677.24M	$218.77M	32.3%
2024	$666.97M	$320.39M	48.0%
2023	$559.33M	$279.23M	49.9%
2022	$439.78M	$219.72M	50.0%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$677.24M	—	—	$218.77M	32.3%
2024	$666.97M	—	—	$320.39M	48.0%
2023	$559.33M	—	—	$279.23M	49.9%
2022	$439.78M	—	—	$219.72M	50.0%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

MBINM Dividend History

’22’23’24’25’26*

$2.06+0.0% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	$1.03	2	—
2025	$2.06	4	+0.0%
2024	$2.06	4	+0.0%
2023	$2.06	4	+282.9%

Year	Dividends per share	Payments	Change
2026 (partial year)	$1.03	2	—
2025	$2.06	4	+0.0%
2024	$2.06	4	+0.0%
2023	$2.06	4	+282.9%
2022	$0.54	1	—

Most recent payment: $0.52 per share, ex-dividend June 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MBINM Valuation vs Banks - Regional Median

Median of 380 stocks

Metric	MBINM	Banks - Regional median	vs median
Profit margin	42.47%	29.15%	13.3 pts above

Medians across 380 Banks - Regional stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

The record here covers Merchants Bancorp, ticker MBINM. The company sits in the Financial Services sector, in the Banks - Regional industry. Headcount on file is 735.

The most recent close on file for MBINM is $25.52, dated September 4, 2026. That is −$0.15 (−0.58%) against the previous close. The 52-week range on file runs from $24.00 to $25.96. The latest close sits 6.33% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $677.24M. That is +1.54% against the prior fiscal year, when revenue was $666.97M. The same year closed with net income of $218.77M. That is −31.72% against the prior fiscal year. Profit margin runs at 42.47%. That is 13.3 percentage points above the Banks - Regional median of 29.15%.

Across the 4 fiscal years on file, revenue moves from $439.78M in 2022 to $677.24M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

Over the trailing twelve months the price has returned +9.76%. Across 3 years the annualized return works out at +8.91%. Beta against the wider market is reported at 1.14. Annualized volatility over the trailing 3 years is 11.43%.

Growth & Income

MBINM pays a dividend yielding 8.03%. That is 5.3 percentage points above the Banks - Regional median yield of 2.7%. At the indicated rate that is $2.06 a share a year. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 5 calendar years; 2026 shows 2 payments totalling $1.03 a share. The year before, 2025, totalled $2.06 a share.

So far in 2026 the price is +4.74%. Across the complete calendar years on file, 2024 returned +15.25% and 2023 returned −5.01%. Of the 3 complete calendar years on file, 2 finished higher.

Peer Comparison

Merchants Bancorp (MBINM) operates in the Banks - Regional industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Merchants Bancorp	MBINM	—	—
Mizuho Financial Group, Inc.	MFG	$135.92B	16.0
HDFC Bank Limited	HDB	$119.10B	16.0
ICICI Bank Limited	IBN	$108.74B	18.7

The Banks - Regional industry average P/E ratio is 12.6x. Merchants Bancorp has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

Related Banks - Regional Stocks

MFG

Mizuho Financial Group, Inc.

$135.92B

HDB

HDFC Bank Limited

$119.10B

IBN

ICICI Bank Limited

$108.74B

USB

U.S. Bancorp

$98.73B

PNC

The PNC Financial Services Group, Inc.

$97.98B

ITUB

Itaú Unibanco Holding S.A.

$89.83B

View all Banks - Regional stocks →

Popular Financial Services Stocks

BRK-B

Berkshire Hathaway Inc.

$1.08T

JPM

JPMorgan Chase & Co.

$953.33B

Visa Inc.

$700.27B

Mastercard Incorporated

$507.39B

BAC

Bank of America Corporation

$438.31B

View all Financial Services stocks →

About Merchants Bancorp

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 housing development and healthcare facilities financing. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

Visit website →