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Merchants Bancorp (MBIN)

Merchants Bancorp at a glance — key fundamentals, SEC filings, insider buying and selling, and earnings dates.

Merchants Bancorp (MBIN) is a Banks - Regional company based in US with a market capitalization of $2.2B. Revenue declined 5.7% year-over-year and free cash flow was negative at -$170.3M. This page tracks MBIN's SEC filings, insider buying and selling, earnings dates, and key fundamentals in one place.

US · 663 employees · IPO Oct 27, 2017

Valuation

Valuation & price

$44.37 · as of May 17, 2026 · -11.9% vs 52w high

9.3

P/E ratio

Latest-FY diluted EPS

0.95

P/B ratio

Market cap ÷ book equity

—

Dividend yield

Price — last 12 months

$50.04$39.67$29.30Jul 25Dec 25Jul 26Jul 7, 25$34.91Jul 9, 25$35.42Jul 11, 25$34.92Jul 15, 25$33.95Jul 17, 25$35.16Jul 21, 25$34.61Jul 23, 25$35.52Jul 25, 25$34.69Jul 29, 25$31.26Jul 31, 25$29.30Aug 4, 25$30.20Aug 6, 25$30.76Aug 11, 25$30.89Aug 13, 25$33.13Aug 15, 25$31.98Aug 19, 25$32.35Aug 21, 25$31.69Aug 25, 25$32.32Aug 27, 25$32.97Aug 29, 25$32.42Sep 3, 25$32.14Sep 5, 25$32.82Sep 9, 25$31.79Sep 11, 25$32.09Sep 16, 25$31.48Sep 18, 25$33.00Sep 22, 25$32.00Sep 24, 25$32.02Sep 26, 25$32.05Sep 30, 25$31.80Oct 2, 25$31.97Oct 6, 25$32.22Oct 8, 25$32.18Oct 10, 25$31.22Oct 14, 25$32.55Oct 16, 25$31.22Oct 21, 25$32.12Oct 23, 25$32.04Oct 27, 25$32.36Oct 29, 25$31.75Oct 31, 25$31.19Nov 4, 25$31.48Nov 6, 25$31.45Nov 10, 25$31.75Nov 12, 25$32.47Nov 14, 25$31.97Nov 18, 25$31.17Nov 20, 25$30.42Nov 25, 25$32.67Nov 28, 25$32.69Dec 2, 25$33.01Dec 4, 25$34.63Dec 8, 25$34.23Dec 10, 25$35.62Dec 12, 25$36.23Dec 16, 25$36.80Dec 18, 25$36.43Dec 22, 25$35.01Dec 24, 25$33.85Dec 29, 25$33.43Jan 2, 26$33.18Jan 6, 26$35.26Jan 8, 26$35.85Jan 12, 26$34.84Jan 14, 26$35.22Jan 16, 26$35.37Jan 21, 26$35.74Jan 23, 26$34.86Jan 27, 26$35.33Jan 29, 26$40.44Feb 2, 26$42.64Feb 4, 26$42.76Feb 9, 26$45.06Feb 11, 26$46.56Feb 13, 26$47.63Feb 18, 26$46.45Feb 20, 26$45.33Feb 24, 26$42.57Feb 26, 26$43.96Mar 2, 26$43.36Mar 4, 26$42.49Mar 6, 26$41.53Mar 10, 26$41.89Mar 12, 26$42.26Mar 17, 26$41.93Mar 19, 26$41.76Mar 23, 26$41.68Mar 25, 26$42.94Mar 27, 26$42.27Mar 31, 26$42.91Apr 2, 26$44.49Apr 7, 26$45.43Apr 9, 26$47.54Apr 13, 26$47.76Apr 15, 26$46.86Apr 17, 26$48.91Apr 22, 26$49.43Apr 24, 26$48.96Apr 28, 26$49.63Apr 30, 26$46.54May 4, 26$45.91May 6, 26$46.67May 8, 26$46.33May 12, 26$45.69May 14, 26$45.06May 18, 26$45.14May 20, 26$46.03May 22, 26$45.99May 28, 26$47.38Jun 1, 26$46.30Jun 3, 26$45.56Jun 5, 26$47.51Jun 9, 26$48.92Jun 11, 26$49.56Jun 15, 26$49.17Jun 17, 26$48.78Jun 22, 26$49.50Jun 24, 26$50.04Jun 26, 26$50.01Jul 2, 26$48.82
$29.1852-week range$50.36
Loading valuation history…

Fundamentals

Key fundamentals

$2.2B

Market cap

-5.7%

Revenue growth (YoY)

41.3%

Gross margin

-$170.3M

Free cash flow (USD)

$3B

Net debt

2.3%

Share dilution

4/4

Graham criteria passed

Defensive-investor screen

Financial Services

Sector

Trajectory

Long-term trends

Revenue by year

2016 → 2025

FY 2016$97.2MFY 2017$138.0MFY 2018$185.5MFY 2019$254.6MFY 2020$401.2MFY 2021$461.6MFY 2022$602.1MFY 2023$1.2BFY 2024$1.4BFY 2025$1.4B
$97.2M$1.4B

Free cash flow by year

2016 → 2025

FY 2016$-152.3MFY 2017$-177.9MFY 2018$188.8MFY 2019$-1.3BFY 2020$-878.5MFY 2021$-52.9MFY 2022$967.0MFY 2023$-363.9MFY 2024$-853.7MFY 2025$-170.3M
-$152.3M-$170.3M

Gross margin by year

2021 → 2025

FY 202191.6%FY 202270.2%FY 202343.7%FY 202444.4%FY 202541.3%
91.6%41.3%

Value screen

Graham defensive-investor tests

Computing the scorecard — refreshing any stale inputs…

0

Insider buys · 90 days

1

Insider sells · 90 days

Earnings

Last report: 10-Q filed May 7, 2026

Next expected: not yet scheduled

On the tape

Recent SEC & insider activity

  • 8-K eventDividend DeclaredMay 21, 2026Filing
  • Insider sellInsider Sell $1.8MPetrie Michael F. · Director, Chairman and CEO, 10% Owner · $1.8MMay 7, 2026Filing
  • Quarterly report10-Q FiledMay 7, 2026Filing
  • 8-K eventEarnings ReleaseApr 28, 2026Filing

Questions

Frequently asked questions

What is Merchants Bancorp's market cap?

Merchants Bancorp (MBIN) has a market capitalization of $2.2B.

What is MBIN's P/E ratio?

MBIN trades at a price-to-earnings ratio of 9.3, based on its latest fiscal-year diluted earnings per share and the most recent cached price.

What is MBIN's price-to-book (P/B) ratio?

MBIN trades at 0.95 times book value per share.

Are insiders buying MBIN stock?

SEC Form 4 filings show no open-market insider buys at Merchants Bancorp in the last 90 days (1 sell).

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Timeline

Every filing, insider trade & earnings on a price-anchored timeline

Filing Analyzer

Search the actual 10-K / 10-Q text with AI research angles

News

Latest press coverage in one feed

Data: SEC EDGAR filings and cached fundamental data; prices and ratios use the most recent cached quote and statements (may lag by up to a day). Educational and research purposes only. Not investment advice.