Latest revenue
$276.9M
as of 2026-03-31
Latest net income
$67.7M
as of 2026-03-31
Net margin
24.5%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $923.3M
- Enterprise value
- $923.3M
- P/E (trailing)
- 4.2×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 7.5%
- 52-wk high
- $21.60
- 52-wk low
- $18.27
- Beta
- —
- Shares out
- 45.9M
5-year trend
What this company does
Item 1. Business. Company Overview Merchants Bancorp (the “Company,” “Merchants,” “we,” “our,” or “us”), an Indiana corporation formed in 2006, is a diversified bank holding company headquartered in Carmel, Indiana and registered under the Bank Holding Company Act of 1956, as amended. We currently operate in multiple business segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing (through this segment we also serve as a syndicator of low-income housing tax credit and debt funds); Mortgage Warehousing that offers mortgage warehouse financing, commercial loans, and deposit services; and Banking that offers portfolio…
AI summary unavailable — showing raw filing excerpt
Generated from MBINN's filing dated 2026-02-27
Key risks
Item 1A. Risk Factors The risks described below, together with all other information included in this report should be carefully considered. Any of the following risks, as well as risks that we do not know or currently deem immaterial, could have a material adverse effect on our business, financial condition, results of operations and growth prospects. Risks Related to Our Business Mortgage Banking and Community Banking Risks Decreased residential and multi-family mortgage origination, volume and pricing decisions of competitors, and changes in interest rates, may adversely affect our profitability. We currently operate a residential and multi-family mortgage origination, warehouse…
AI summary unavailable — showing raw filing excerpt
Generated from MBINN's filing dated 2026-02-27
Profitability
Net margin
16.0%
27.4%Return on equity
9.6%
32.8%Return on assets
1.1%
94.2%Leverage
Debt / equity
7.53×
3018.4%Long-term debt / equity
1.68×
13.8%Debt / assets
88.3%
354.0%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $276.9M | +5.3% | $67.7M | +16.3% | 24.5% |
Q4 2025 2025-12-31 | $503.8M | -7.5% | $67.8M | -29.1% | 13.5% |
Q3 2025 2025-09-30 | $297.1M | -3.2% | $54.7M | -10.7% | 18.4% |
Q2 2025 2025-06-30 | $301.4M | +5.2% | $38.0M | -50.3% | 12.6% |
Q1 2025 2025-03-31 | $263.0M | -15.9% | $58.2M | -33.1% | 22.1% |
Q4 2024 2024-12-31 | $544.4M | — | $95.7M | — | 17.6% |
Q3 2024 2024-09-30 | $307.0M | +1.4% | $61.3M | -24.8% | 20.0% |
Q2 2024 2024-06-30 | $286.5M | +21.3% | $76.4M | +17.0% | 26.7% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
State Commercial Banks · SIC 6022
Your notes
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Insider activity
No insider transactions on file for MBINN in the last 12 months.
Source: SEC Form 4 filings. Backfill runs nightly.
Who owns MBINN
Institutional value
$1.8M
Total shares held
99.4K
Distinct holders
1
As of
2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BECK MACK & OLIVER LLC | 99.4K | $1.8M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once MBINN's latest filing finishes processing.