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    M

    Merchants Bancorp (MBINN)

    Official site

    FINANCIAL SERVICES • BANKS - REGIONAL • NASDAQ

    $18.73
    -0.02 (-0.11%)

    Last updated: Oct 15, 2026 at 5:00 PM ET

    Earnings

    Upcoming Estimates

    Period ending Jun 30, 2026
    EPS Consensus$N/A
    Revenue Consensus
    $179M
    Range$177M - $181M
    2 analysts
    Period ending Sep 30, 2026
    EPS Consensus$N/A
    Revenue Consensus
    $183M
    Range$181M - $185M
    2 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Sep 26EST
    		-N/A---
    Jun 26EST
    		-N/A---
    Mar 26
    Reported Apr 28
    		$N/AN/AN/ABeat-
    Dec 25
    Reported Jan 26
    		$N/AN/AN/ABeat-
    Sep 25
    Reported Oct 28
    		$N/A$0.00N/ABeat-

    Dividends

    Dividend Metrics

    Forward Yield8.01%
    Forward Annual Dividend$1.50
    Payout Ratio25.69%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+0.00%
    MBINN dividend history and ex-dividend datesRun MBINN in the free DRIP calculator

    Key Metrics

    Valuation
    P/E RatioN/AEV/EBITDA28.64x
    Price/FCF-1.51xFCF Yield-66.33%
    Profitability
    Profit Margin42.50%Operating Margin61.10%
    ROE11.70%ROIC2.08%
    Financial Health
    Debt/Equity3.55xInterest Coverage0.42x
    Current Ratio0.02xQuick Ratio0.02x
    Trading Statistics
    Beta1.21Avg Volume10.38K
    52-Week High$20.4552-Week Low$17.27

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$18.80
    SMA 20$19.09
    SMA 50$19.42
    SMA 200$19.53
    EMA 10$18.86
    EMA 20$19.03
    EMA 50$19.31
    EMA 200$19.40

    MACD

    Line: -0.22Signal: -0.21Hist: -0.01

    ADX

    ADX: 53.3+DI: 5.0-DI: 21.5

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down72.0
    PSAR$18.99

    Bollinger Bands

    Upper Band$19.93
    Lower Band$18.25
    %B Position877%(Upper)
    Band Width0.29

    RSI (14-Day)

    Neutral
    35.6

    Momentum Oscillators

    Stoch %K27.1
    Stoch %D26.0
    Williams %R-74.3
    ROC (10d)-1.4%
    Momentum-0.26
    CCI (20d)-66.9
    MFI (14d)34.2

    Volatility Measures

    ATR (14d)$0.33(1.8%)
    StdDev (20d)0.42
    Hist Vol12.6%(Low)

    Volume Flow

    VWAP$18.76
    OBV-29.4K
    AD Line-26.0M
    CMF (20d)-0.254

    Volume Metrics

    Avg Vol (20d)10.9K
    Vol Ratio0.1x(Low)
    VWMA (20d)$19.00

    Pivot Points

    R3$19.12
    R2$19.04
    R1$18.89
    Pivot Point$18.81
    S1$18.66
    S2$18.58
    S3$18.43

    Advanced Oscillators

    TSI-28.94
    Ultimate Osc42.5
    KST-40.86

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$294.07M$317.11M$354.67M$343.53M$353.74M$310.10M$379.79M$354.56M$358.63M$354.09M$345.55M$331.71M
    Cost of Revenue$157.54M$157.16M$197.14M$202.96M$228.71M$172.74M$189.41M$213.00M$210.12M$191.84M$194.18M$183.25M
    Gross Profit$136.54M$159.95M$157.53M$140.57M$125.03M$137.36M$190.38M$141.55M$148.51M$162.25M$151.37M$148.45M
    Operating Expenses$82.43M$75.64M$83.64M$75.99M$76.19M$60.87M$62.50M$60.20M$49.39M$47.96M$51.92M$41.89M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$73.25M$2.77M$45.76M$53.53M$3.16M$43.65M$44.01M$44.20M$33.95M$34.72M$37.29M$30.62M
    Operating Income$54.10M$84.31M$73.88M$64.58M$48.84M$76.50M$127.88M$81.35M$99.13M$114.29M$99.45M$106.56M
    Interest Income$294.07M$270.51M$307.47M$301.78M$304.40M$287.20M$321.35M$338.93M$328.27M$314.17M$311.76M$296.68M
    Interest Expense$157.54M$141.86M$169.38M$173.72M$175.68M$165.01M$186.72M$206.11M$200.15M$187.12M$187.43M$179.24M
    Income Before Tax$99.78M$84.31M$73.88M$64.58M$48.84M$76.50M$127.88M$81.35M$99.13M$114.29M$99.45M$106.56M
    Income Tax Expense$21.48M$16.57M$6.04M$9.88M$10.85M$18.26M$32.21M$20.07M$22.73M$27.24M$21.98M$25.06M
    Net Income$78.30M$67.73M$67.85M$54.70M$37.98M$58.24M$95.67M$61.27M$76.39M$87.05M$77.47M$81.50M
    EBITDA$99.78M$85.68M$75.04M$65.35M$49.60M$77.27M$128.64M$82.13M$99.87M$115.02M$100.19M$107.29M
    EBITN/A$84.31M$73.88M$64.58M$48.84M$76.50M$127.88M$81.35M$99.13M$114.29M$99.45M$106.56M
    * Some calculated fields are derived from available data when not provided by source

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    TradingView•10/11/26•Somewhat-Bullish

    (MBINN) Risk Channels and Responsive Allocation

    This article provides an AI-generated analysis for Merchants Bancorp Depositary Shares (NASDAQ: MBINN), highlighting weak near and mid-term sentiment with a neutral long-term outlook. It identifies elevated downside risk...

    Stock Traders Daily•10/2/26•Somewhat-Bearish

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    MBINN Valuation and Fair Value

    EV/EBITDA
    28.6x
    P/FCF
    -1.5x
    P/B
    0.4x
    See GNG's fair value

    MBINN Profitability: Margins, ROIC and FCF

    Gross margin
    45.4%
    Operating margin
    61.1%
    Net margin
    42.5%
    ROIC
    2.1%
    ROE
    11.7%
    FCF margin
    -43.7%
    FCF yield
    -66.3%

    MBINN Competitors

    CompanyTicker
    First Financial Corporation IndianaTHFF
    SmartFinancial, Inc.SMBK
    Navient CorpNAVI
    Prospect Capital CorporationPSEC
    Farmers National Banc CorpFMNB
    Great Southern Bancorp IncGSBC
    Barings BDC IncBBDC
    Eagle Bancorp IncEGBN

    Sector: Financial Services

    MBINN Bull Case vs Bear Case

    Bull case

    • MBINN has a 42.5% net profit margin.
    • MBINN grew quarterly revenue 37.1% year over year.

    Bear case

    • MBINN has a debt-to-equity ratio of 3.5x.

    MBINN Dividend

    Forward yield
    8.0%
    Payout ratio
    25.7%
    3Y DPS growth
    0.0%
    Pay months
    Jan, Apr, Jul, Oct
    MBINN dividend history

    Frequently Asked Questions About MBINN

    What is MBINN's current dividend yield?

    Merchants Bancorp (MBINN) has a forward dividend yield of 8.01%.

    Does MBINN pay dividends?

    Yes, Merchants Bancorp pays dividends with a forward dividend yield of 8.01%.

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