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Merchants Bancorp

Financial Services US MBIN

47.7USD
2.14(4.70%)

Last update at 2026-06-04T20:00:00Z

Day Range

45.8747.84
LowHigh

52 Week Range

22.5348.63
LowHigh

Fundamentals

  • Previous Close 45.56
  • Market Cap1855.81M
  • Volume146015
  • P/E Ratio6.37
  • Dividend Yield0.88%
  • Revenue TTM577.62M
  • Revenue Per Share TTM13.35
  • Gross Profit TTM 427.19M
  • Diluted EPS TTM6.37

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 291.14M 304.93M 243.36M 102.13M 84.03M
Minority interest - - - - 0.00000M
Net income 219.72M 227.10M 180.53M 77.33M 62.87M
Selling general administrative 92.55M 92.62M 68.06M 43.46M 34.81M
Selling and marketing expenses - - - - -
Gross profit 439.78M 427.67M 342.53M 164.85M 134.94M
Reconciled depreciation 2.48M 2.19M 1.90M 0.85M 0.46M
Ebit 453.42M 304.93M 243.36M 102.13M 134.62M
Ebitda 455.91M 307.12M 245.25M 102.99M 135.08M
Depreciation and amortization 2.48M 2.19M 1.90M 0.85M 0.46M
Non operating income net other - - - - -
Operating income 453.42M 304.93M 243.36M 102.13M 134.62M
Other operating expenses 9.06M -122.74000M -99.17700M -62.71900M 0.32M
Interest expense 162.28M 33.89M 58.64M 89.70M 50.59M
Tax provision 71.42M 77.83M 62.82M 24.80M 21.15M
Interest income 480.83M 311.89M 282.79M 212.00M 140.56M
Net interest income 318.55M 277.99M 224.15M 122.30M 89.97M
Extraordinary items - - - - 0.00000M
Non recurring - - - - 0.00000M
Other items - - - - 0.00000M
Income tax expense 71.42M 77.83M 62.82M 24.80M 21.15M
Total revenue 439.78M 427.67M 342.53M 164.85M 134.94M
Total operating expenses 9.06M -122.74000M -99.17700M -62.71900M -0.31600M
Cost of revenue - - - - 63.34M
Total other income expense net -162.28200M -33.89200M -58.64400M -89.69700M -50.59200M
Discontinued operations - - - - 0.00000M
Net income from continuing ops 219.72M 227.10M 180.53M 77.33M 62.87M
Net income applicable to common shares 193.74M 206.23M 166.06M 68.11M 59.54M
Preferred stock and other adjustments 25.98M 20.87M 14.47M 9.22M -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 16952.52M 12615.23M 11278.64M 9645.38M 6371.93M
Intangible assets 159.20M 147.43M 112.06M 84.89M 78.19M
Earning assets - - - - 3173.82M
Other current assets 789.72M 2966.84M 8872.31M 8435.05M 4873.18M
Total liab 15251.43M 11155.49M 10123.23M 1368.66M 5718.20M
Total stockholder equity 1701.08M 1459.74M 1155.41M 810.62M 653.73M
Deferred long term liab - - - - -
Other current liab 10987.23M -30.00000M -300.00000M 7408.07M -6.54000M
Common stock 140.37M 137.78M 137.56M 135.86M 135.64M
Capital stock 639.97M 637.39M 499.71M 348.50M 348.29M
Retained earnings 1063.60M 832.87M 657.15M 461.74M 304.98M
Other liab - 138.64M 106.66M 78.43M 58.66M
Good will 15.85M 15.85M 15.85M 15.85M 15.85M
Other assets - 4734.13M 8872.31M 8435.05M 4873.18M
Cash 584.42M 226.16M 1032.61M 179.73M 506.71M
Cash and equivalents - - - - -
Total current liabilities 11808.88M 30.00M 300.00M 7408.07M 6.54M
Current deferred revenue - - - - -
Net debt 390.96M 734.23M 1.34M 1168.53M -325.27000M
Short term debt 821.65M 30.00M 300.00M - 6.54M
Short long term debt - 30.00M 300.00M 0.00000M 6.54M
Short long term debt total 975.38M 960.39M 1033.95M 1348.26M 181.44M
Other stockholder equity 0.00000M 637.39M -1.45400M 212.65M 3.53M
Property plant equipment - 35.44M 31.21M 29.76M 29.27M
Total current assets 789.72M 7828.63M 1367.35M 471.30M 815.31M
Long term investments 2428.50M 1596.61M 879.87M 9186.61M 560.13M
Net tangible assets - 943.10M 775.71M 579.85M 421.44M
Short term investments 1113.69M 323.34M 310.63M 269.80M 290.24M
Net receivables 91.35M 56.26M 24.10M 21.77M 18.36M
Long term debt 964.13M 930.39M 1033.95M 1348.26M 174.90M
Inventory -10203.55500M - - - 0.14M
Accounts payable - 10071.34M 8982.61M 7408.07M 5478.07M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -2.48800M -10.52100M -1.45400M 0.37M 0.46M
Additional paid in capital - - - - -
Common stock total equity - 137.78M 137.56M 135.86M 135.64M
Preferred stock total equity - 499.61M 362.15M 212.65M 212.65M
Retained earnings total equity - 832.87M 657.15M 461.74M 304.98M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 80.77M -1742.85700M -1038.98000M -739.02800M -683.43900M
Deferred long term asset charges - - - - -
Non current assets total 16162.80M 52.47M 1038.98M 739.03M 683.44M
Capital lease obligations - - - - -
Long term debt total - 930.39M 1033.95M 1348.26M 181.44M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -2860.85200M -471.68700M -2528.73100M -943.97000M -509.06600M
Change to liabilities 20.78M 3.82M 2.41M 24.05M 0.00000M
Total cashflows from investing activities -2862.85100M -474.26200M -2532.22800M -957.67500M -509.06600M
Net borrowings -103.56200M -314.30200M 1166.82M -14.01300M 137.69M
Total cash from financing activities 1080.63M 1376.36M 3080.14M 2384.86M 282.48M
Change to operating activities 400.45M -228.71600M -80.63700M 20.38M -24.44900M
Net income 219.72M 227.10M 180.53M 77.33M 62.87M
Change in cash -806.45000M 852.89M -326.98100M 170.19M -22.99500M
Begin period cash flow 1032.61M 179.73M 506.71M 336.52M 359.52M
End period cash flow 226.16M 1032.61M 179.73M 506.71M 336.52M
Total cash from operating activities 975.77M -49.21600M -874.88800M -1257.00300M 203.59M
Issuance of capital stock 137.46M 191.08M 0.00000M 192.91M 0.00000M
Depreciation 2.48M 2.19M 1.90M 0.85M 0.46M
Other cashflows from investing activities 4.76M 1.07M 0.13M 0.28M -0.18200M
Dividends paid -38.06700M -31.23500M -23.67100M -17.25400M 10.22M
Change to inventory - - - - 0.00000M
Change to account receivables - - -16.41500M - 0.00000M
Sale purchase of stock -3.93500M -41.62500M -0.56700M -21.85000M -0.70000M
Other cashflows from financing activities 66870.27M 33191.80M 63028.21M -1.99900M 1263.22M
Change to netincome 803.03M -281.81000M -1058.75300M -1371.61000M 161.25M
Capital expenditures 8.82M 3.65M 3.62M 13.98M 15.51M
Change receivables - - - - -
Cash flows other operating -70.24300M -4.82000M -14.64400M 1.59M -
Exchange rate changes - - - - -
Cash and cash equivalents changes -806.45000M 852.89M -326.98100M 170.19M -
Change in working capital 398.56M -233.29900M -82.84900M -86.08900M -29.18600M
Stock based compensation - -106.36400M -85.18100M -31.94700M -34.63700M
Other non cash items 350.28M 55.84M -888.59500M -1216.17000M 201.76M
Free cash flow 966.96M -52.86100M -878.51100M -1270.98600M 188.08M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
MBIN
Merchants Bancorp		 2.14 4.70% 47.70 6.37 - 3.19 1.39
HDB
HDFC Bank Limited ADR		 0.48 2.04% 24.03 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd		 0.04 0.15% 30.44 7.78 7.65 0.56 0.90 3.62
DBSDF
DBS Group Holdings Ltd		 1.22 2.50% 50.10 15.29 14.41 5.84 2.36 10.40
CIHHF
China Merchants Bank Co Ltd Class H		 - -% 5.92 6.10 5.67 0.44 0.77 3.43

Reports Covered

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Profile

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 multi-family and healthcare facilities. 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.

Merchants Bancorp

410 Monon Boulevard, Carmel, IN, United States, 46032

Key Executives

Name Title Year Born
Mr. Michael F. Petrie CMB Co-founder & Chairman 1954
Mr. Michael J. Dunlap Pres, CEO & Director 1966
Mr. Scott A. Evans COO, Pres & Director 1965
Mr. Michael R. Dury M.B.A. Pres of Merchants Capital Corp 1985
Mr. John F. Macke Exec. VP & CFO 1965
Ms. Vickie Vandivier VP & Investment Officer NA
Mr. Kevin T. Langford Sr. VP & Chief Admin. Officer 1968
Tami Durle Mang. SEC Reporting NA
Mr. Terry A. Oznick Sr. VP & Gen. Counsel 1984
Mr. Jeffery L. Scott Pres & Exec. VP of SBA Lending NA

Disclaimer - This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
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