Merchants Bancorp(MBIN) Stock Research - Grey Stern Research

Merchants Bancorp (MBIN) Stock Analysis

$39.68 (-1.68%)

MBIN Financial Performance


Use the table below to view Merchants Bancorp's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $39.68 -
52 Week Low $34.82 -
52 Week High $53.27 -
Market Cap $1.8 Billion 1/6
Gross Margin 100% 1/6
Profit Margin 17% 4/6
EBITDA margin 23% 4/6
Q1 - 2024 Revenue $357.6 Million 1/6
Q1 - 2024 Earnings $61.3 Million 1/6
Q1 - 2024 Free Cash Flow $0 Million 2/6
Trailing 4 Quarters Revenue $1.4 Billion 1/6
Trailing 4 Quarters Earnings $302.2 Million 1/6
Quarterly Earnings Growth -25% 5/6
Annual Earnings Growth 9% 2/6
Quarterly Revenue Growth 135% 1/6
Annual Revenue Growth 149% 1/6
Cash On Hand $0 5/6
Short Term Debt $0 3/6
Long Term Debt $3.6 Billion 1/6

Merchants Bancorp Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Merchants Bancorp's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 6.01 6/6
PS 1.31 6/6
PB 0.94 3/6
PC -1.00 5/6
Liabilities to Equity 8.62 2/6
ROA 0.02 1/6
ROE 0.16 1/6
Current Ratio 1.12 3/6
Quick Ratio 0.00 4/6
Long Term Debt to Equity 1.84 1/6
Debt to Equity 1.84 1/6
Burn Rate 0.00 3/6
Cash to Cap 0.00 5/6
CCR 2/6
EV to EBITDA 66.19 2/6
EV to Revenue 3.88 2/6

Company Details

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. This segment also offers customized loan products for independent living, assisted living, memory care, and skilled nursing projects; and operates as a syndicator of low-income housing tax credit and debt funds. The Mortgage Warehousing segment funds agency eligible residential loans, including origination, purchase, and sale in the secondary market, 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, such as various types of deposit products, as well as multi-family construction and bridge, commercial real estate, commercial and industrial, agricultural, residential mortgage, and consumer loan products. This segment also provides single-family mortgage lending; construction, bridge, and lot financing; first-lien home equity lines of credit; and small business administration lending products and services. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

CEO: Mr. Michael Petrie

Website: https://www.merchantsbancorp.com

Address: 410 Monon Blvd Carmel, INDIANA

Exchange: NASDAQ Capital Market

Industry: Banks—Regional

Merchants Bancorp Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Merchants Bancorp. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Midland States Bancorp, Inc. MSBI $576.8 Million
First Mid Bancshares, Inc. FMBH $1.0 Billion
RBB Bancorp RBB $422.7 Million
SmartFinancial, Inc. SMBK $603.9 Million
Business First Bancshares, Inc. BFST $835.4 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
MBIN Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 357.6 Million $61.3 Million
Q2 2024 $ 328.3 Million $76.4 Million
Q1 2024 $ 355.0 Million $87.1 Million
Q4 2023 $ 346.2 Million $77.5 Million
Q3 2023 $ 152.5 Million $81.5 Million
Q2 2023 $ 134.6 Million $65.3 Million
Q1 2023 $ 114.2 Million $55.0 Million
Q4 2022 $ 117.3 Million $57.2 Million

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MBIN Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $0 $18.7 Billion $3.6 Billion $1.9 Billion
Q2 2024 $10.2 Million $18.2 Billion $0 $1.9 Billion
Q1 2024 $17.9 Million $17.8 Billion $1.8 Billion $1.8 Billion
Q4 2023 $15.6 Million $17.0 Billion $964.1 Million $1.7 Billion
Q3 2023 $407.2 Million $16.5 Billion $1.7 Billion $1.6 Billion
Q2 2023 $377.3 Million $15.9 Billion $1.0 Billion $1.6 Billion
Q1 2023 $369.6 Million $14.2 Billion $1.2 Billion $1.5 Billion
Q4 2022 $226.2 Million $12.6 Billion $960.4 Million $1.5 Billion

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MBIN Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 -$271.4 Million -$5.3 Million $32.1 Million
Q1 2024 $0 $0 $0
Q4 2023 $0 $0 $0
Q3 2023 $81.5 Million $0 $72.8 Million
Q2 2023 $65.3 Million $0 -$81.5 Million
Q1 2023 -$302.6 Million -$1.0 Million $143.4 Million
Q4 2022 -$858.7 Million -$583,000 -$97.8 Million
Q3 2022 $958.1 Million -$1.1 Million $65.8 Million

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