Merchants Bancorp (MBIN)

Nasdaq · Financial Services · Banks - Regional

$49.72−0.46%as of Oct 6, 2026, 4:35 AM ET

Market cap
$2.3B
P/E (trailing)
10.0
Forward P/E
8.3
Dividend yield
0.9%
52-week range
$30.37 – $56.87
52-week change
+55.75%
EPS (trailing)
$4.98
Analyst rating
2.7 Hold
Next earnings
Oct 27, 2026

Fiscal year to Dec 2025

Net income
$219M
Diluted EPS
$3.78
Free cash flow
−$362M

From the company’s annual report on SEC EDGAR.

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.

Headquarters: Carmel, United States · 735 employees · bankmerchants.com