Merchants Bancorp (MBIN) Stock

About Merchants Bancorp

Merchants Bancorp (MBIN) stock trades at $48.97 with a market capitalization of $2.25B. The stock is valued at a price-to-earnings (P/E) ratio of 10.03, price-to-book of 0.96, price-to-sales of 1.75. Over the past 52 weeks the stock has ranged between $30.37 and $56.87, and currently trades 13.9% below its 52-week high. It pays a dividend yielding 0.88%.

On profitability, Merchants Bancorp generates a return on equity (ROE) of 11.64%, return on capital employed of 1.63%, an operating margin of 19.34%, a net profit margin of 20.51%.

Merchants Bancorp by the numbers, 2016–2025

Between 2016 and 2025 Merchants Bancorp reported revenue of $97.0M rising to $1.4B, a change of +1307.2% across 10 years. Compounded, revenue has grown 27.8% a year over five years, 31.4% over three, -5.7% over the last twelve months. Net profit rose to $219.0M.

Operating margin went from 56.4% in 2016 to 19.3% in 2025, a fall of 37.1 percentage points. The most recent net margin is 20.51%. On a trailing twelve-month basis to Jun '26, revenue is $1.3B and net profit $269.0M.

Borrowings rose from $57.0M to $3.8B, cash from operations was $-149.0M in the latest year, positive in 2 of the last 10.

Return on equity has averaged 15.0% over five years, and was 9.6% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Merchants Bancorp (MBIN) — frequently asked questions