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Company Analysis

Merchants Bancorp MBIN

A comprehensive view of key metrics, scores, and financial health for Merchants Bancorp

Overview of Merchants Bancorp

MBIN NCM
Financial Services Banks - Regional Framework: Banks & Lenders Mid Cap
Merchants Bancorp (MBIN), is a Mid Cap company, in the Banks - Regional industry, last closed at $48.97, about 18.2% overvalued vs fair value, +57.7% 1Y return, ranked 634/1078 in sector.
Metrics P/E 8.8× Rev Growth 1.5% ROE 9.7% Gross Margin 83.2% Div Yield 3.80%
USD 48.97
0.12%
(Delayed)
• Vol 90d: 29.1%
52-Week Range
Market Cap
$2.19B
Enterprise Value
$6.75B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Weak
Health
Weak
Efficiency
Weak
Valuation
Fair
Growth
Fair
Profitability
Weak
Health
Weak
Efficiency
Weak
Valuation
Fair
Completeness: 82%
Confidence: 86%
Updated: Jul 5
Top Beats
No strong beats yet

Quick Facts

Website https://investors.merchantsban...
HQ Carmel, IN
Fiscal year Dec 31

Next Events

Dividend Jul 1 Ex-div: Jun 15
Earnings Jul 28

Fair Value Snapshot

Bear Base Bull
$22
$40
$75
Current: $48.97 -18% vs base

Engine Room Money Flow™

Mid Cap

Financial Services - Where revenue goes and how value is created

Flow Steps
Interest Income
$1.2B
-7.8%%
Interest Expense
$683.8M
Net Interest Income
$517.1M
-1.1%%
Total Revenue
$677.2M
1.5%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Financial Services

Quality & Reliability Indicators

Return on Equity
10.0%
Good

Net Income / Equity - key bank profitability metric

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$59.4M
34.2% of Net Income

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
1
Active Leaks
0/1
Improving
0
High Impact
1
Critical
Moat Analysis Bank Specialized

Competitive Advantage Assessment

Evaluating Merchants Bancorp's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
43
/100
Developing
Scores based on quantitative metrics and qualitative factors

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Deposit Franchise

Developing
47
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Banks (Regional & Diversified) vs Industry Peers 93% Coverage
Trade-Off Triangle Visualization A ternary plot showing MBIN's balance between Growth (21.7%), Profitability (51.6%), and Safety (26.8%). Growth 22% Safety 27% Profitability 52%

Click axes to expand details. Marker shows current allocation.

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Growth

30th percentile vs peers
31
Key Signals
Asset Growth YoY 3.4% 43p Equity Growth YoY 10.1% 53p NII Growth YoY -1.1% 15p EPS Growth YoY -39.0% 11p
Strengths
  • Efficiency Ratio in top 20% of peers (44.3%, 84th percentile)
  • ROTE in top 20% of peers (26.7%, 95th percentile)
  • ROA in top 20% of peers (1.8%, 87th percentile)
Risks
  • NII Growth YoY in bottom 20% of peers (-1.1%)
  • EPS Growth YoY in bottom 20% of peers (-39.0%)

Profitability

72th percentile vs peers
73
Key Signals
Strengths
Risks
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Safety

37th percentile vs peers
38
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Merchants Bancorp.

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$40.04
- - -
-18.2% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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