Superworth

Merchants Bancorp MBIN

Banks - Regional, Financial Services
$48.97
−0.17%
Market cap
$2.2B
PE
9.8×
8y median 6.7×
Forward PE
n/m
not a meaningful number
Revenue, 12 months
$713.8M
+7% on a year ago
Net margin
37.6%

Merchants Bancorp trades at 9.8× trailing earnings, pricier than 84% of the last ten years. Revenue was $713.8M over the last twelve months, up 7% on a year earlier with a 38% net margin.

Charts

Financials

Income statement for MBIN, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
$153.5M+34%$158.8M+34%$167.9M+46%$159.5M+18%$149.6M−3%$193.8M+22%$145.9M−13%$179.2M+12%$171.1M+14%$185.3M−4%$175.2M+20%$182.2M+2%
Interest expense$179.2M+268%$187.4M+118%$187.1M+69%$200.2M+31%$206.1M+15%$186.7M−0%$165M−12%$175.7M−12%$173.7M−16%$169.4M−9%$141.9M−14%$157.5M−10%
Pre-tax income$106.6M+38%$99.5M+33%$114.3M+56%$99.1M+45%$81.3M−24%$127.9M+29%$76.5M−33%$48.8M−51%$64.6M−21%$73.9M−42%$84.3M+10%$99.8M+104%
$25.1M+33%$22M+24%$27.2M+48%$22.7M+594%$20.1M−20%$32.2M+47%$18.3M−33%$10.9M−52%$9.9M−51%$6M−81%$16.6M−9%$21.5M+98%
Net income$81.5M+39%$77.5M+36%$87.1M+58%$76.4M+17%$61.3M−25%$95.7M+24%$58.2M−33%$38M−50%$54.7M−11%$67.8M−29%$67.7M+16%$78.3M+106%
$1.68+38%$1.58+41%$1.80+68%$1.49+14%$1.17−30%$1.85+17%$0.93−48%$0.60−60%$0.97−17%$1.28−31%$1.25+34%$1.48+147%
43.4M+0%43.4M+0%43.5M+0%44.7M+3%45.9M+6%45.9M+6%45.9M+6%45.9M+3%46M+0%46M+0%46M+0%46M+0%

EPS, diluted: 3 periods, Q4 FY16 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: 10 periods, Q4 FY16 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Banks - Regional nearest Merchants Bancorp's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
MBINMerchants Bancorp$2.2B9.8×6.7×n/m+7%37.6%
EFSCEnterprise Financial Services$2.2B12.2×11.8×n/m+14%24.8%
OFGOFG Bancorp$2.2B10.1×10.6×n/m+4%29.5%
BANRBanner$2.4B11.6×12.8×n/mn/mn/m
SRCE1ST Source$2.1B12.0×11.7×n/m+10%38.5%
HTHHilltop$2.1B13.5×14.9×n/m+0%12.7%
SYBTStock Yards Bancorp$2.4B15.6×17.2×n/m+13%35.3%
BUSEFirst Busey$2.5B12.5×12.6×n/m+41%29.3%
BBTBeacon Financial$2.5B15.5×15.2×n/mn/mn/m
GABCGerman American Bancorp$1.9B13.4×14.3×n/m+29%36.8%
FBNCFirst Bancorp$2.7B20.0×13.6×n/m+12%31.5%
Peer median$2.3B13.0×13.2×n/a+12%30.5%

More on Merchants Bancorp

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About

Industry
Banks - Regional
Sector
Financial Services

Valuation data, not investment advice. Prices as of .