Merchants Bancorp

MBIN

Market cap $1.5B

Overview Fund Activity

32.64 USD

+0.55

1.71%

At close Updated Sep 12, 4:00 PM EDT

Pre-market

After hours

32.64

0.00

0%

1 day

1.71%

5 days

-0.94%

1 month

0.99%

3 months

0.68%

6 months

-10.82%

Year to date

-9.33%

1 year

-22.93%

5 years

138.42%

10 years

191.43%

About: Merchants Bancorp is a United States based bank holding company. It operates multiple lines of business focusing on FHA (Federal Housing Administration) multi-family housing and healthcare facility financing and servicing, retail and correspondent residential mortgage banking, and traditional community banking. The business segments of the company are: Multi-family Mortgage Banking which originates and services government-sponsored mortgages for multi-family and healthcare facilities; Mortgage Warehousing segment which funds agency-eligible residential loans as well as commercial loans to nondepository financial institutions; and the Banking segment, which generates maximum revenue, and provides various financial products and services to consumers and businesses.

Employees: 663

Financials Banks - Regional

0

Funds holding %

of 7,462 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

89% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 38

0.77% more ownership

Funds ownership: 32.49% [Q1] → 33.27% (+0.77%) [Q2]

7% less funds holding

Funds holding: 160 [Q1] → 149 (-11) [Q2]

8% less capital invested

Capital invested by funds: $551M [Q1] → $505M (-$46.1M) [Q2]

33% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 30

85% less call options, than puts

Call options by funds: $221K | Put options by funds: $1.48M

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$34

4% upside

Avg. target

$38

17% upside

High target

$41

26% upside

3 analyst ratings

2 positive

67%

1 neutral

33%

0 negative

0%

Piper Sandler Nathan Rice	$41	Overweight Maintained	30 Jul 2025
Morgan Stanley Manan Gosalia	$34	Equal-Weight Maintained	29 Jul 2025
Raymond James Daniel Tamayo	$40	Outperform Reiterated	29 Jul 2025

See Analyst Rankings

Financial journalist opinion

Merchants Bancorp Declares Quarterly Common and Preferred Dividends

CARMEL, Ind. , Aug. 21, 2025 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the third quarter of 2025, in each case to shareholders of record on September 15, 2025, payable on October 1, 2025: A dividend of $0.10 per share on the Company's outstanding shares of its common stock (NASDAQ: MBIN); A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Company's outstanding shares of its 6% Series C preferred stock (NASDAQ: MBINN); A dividend of $20.625 per share (equivalent to $0.5156 per depositary share) on the Company's outstanding shares of its 8.25% Series D preferred stock (NASDAQ: MBINM).

Merchants Bancorp Declares Quarterly Common and Preferred Dividends

Merchants Bancorp Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses

SAN DIEGO, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating whether Merchants Bancorp (NASDAQ: MBIN) or any of its executive officers violated securities laws by misrepresenting or failing to timely disclose information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.

Merchants Bancorp Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses

Merchants Bancorp Preferreds: Yield Opportunity Or Value Trap?

Merchants Bancorp preferreds offer attractive yields but come with elevated credit and liquidity risks. Non-cumulative structure means suspended dividends are lost permanently. Exposure to multifamily and mortgage lending remains vulnerable in downturns.

Merchants Bancorp Preferreds: Yield Opportunity Or Value Trap?

Zacks Investment Research

Merchants Bancorp (MBIN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Merchants Bancorp (MBIN) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Merchants Bancorp (MBIN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Merchants Bancorp (MBIN) Q2 Earnings Miss Estimates

Merchants Bancorp (MBIN) came out with quarterly earnings of $0.6 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.49 per share a year ago.

Merchants Bancorp (MBIN) Q2 Earnings Miss Estimates

Merchants Bancorp Reports Second Quarter 2025 Results

Second quarter 2025 net income of $38.0 million, decreased $38.4 million compared to second quarter of 2024 and decreased $20.3 million compared to the first quarter 2025, reflecting an increase in provision for credit losses of $43.1 million and $45.3 million, respectively. An increase in provision for credit losses was primarily associated with estimated declines on multi-family property values after receiving new appraisals and the ongoing investigation of borrowers involved in mortgage fraud or suspected fraud.

Merchants Bancorp Reports Second Quarter 2025 Results

Zacks Investment Research

Analysts Estimate Merchants Bancorp (MBIN) to Report a Decline in Earnings: What to Look Out for

Merchants Bancorp (MBIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Merchants Bancorp (MBIN) to Report a Decline in Earnings: What to Look Out for

Merchants Bancorp: Shifting Away From The Common Shares To Its Newest Preferred Share

I'm downgrading MBIN common shares to Hold due to deteriorating loan performance impacting earnings outlook. Net interest income dropped for the first time in three years, signaling lower rates may not benefit Merchants Bancorp's financial results. Loan growth has stalled while deposits remain volatile, pushing the loan-to-deposit ratio to uncomfortable levels and increasing reliance on costly external financing.

Merchants Bancorp: Shifting Away From The Common Shares To Its Newest Preferred Share

Merchants Bancorp Declares Quarterly Common and Preferred Dividends

CARMEL, Ind. , May 15, 2025 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the second quarter of 2025, in each case to shareholders of record on June 13, 2025, payable on July 1, 2025: A dividend of $0.10 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN); A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Company's outstanding shares of its 6% Series C preferred stock (NASDAQ:MBINN); A dividend of $20.625 per share (equivalent to $0.5156 per depositary share) on the Company's outstanding shares of its 8.25% Series D preferred stock (NASDAQ:MBINM).

Merchants Bancorp Declares Quarterly Common and Preferred Dividends

Zacks Investment Research

Compared to Estimates, Merchants Bancorp (MBIN) Q1 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Merchants Bancorp (MBIN) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Merchants Bancorp (MBIN) Q1 Earnings: A Look at Key Metrics

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