MBIN · NASDAQ
Merchants Bancorp (MBIN) Stock Price & Fundamentals
Merchants Bancorp (MBIN) closed at $867.79 on Oct 9, 2026, up 1.23% from the previous close of $857.23.
Share price, past year
1Y +20.76%Monthly closing prices
| Date | Close |
|---|---|
| Oct 9, 2026 | $867.79 |
| Sep 30, 2026 | $853.61 |
| Aug 31, 2026 | $867.29 |
| Jul 31, 2026 | $806.90 |
| Jun 30, 2026 | $770.34 |
| May 29, 2026 | $770.05 |
| Apr 30, 2026 | $721.95 |
| Mar 31, 2026 | $713.23 |
| Feb 27, 2026 | $713.91 |
| Jan 30, 2026 | $697.78 |
| Dec 31, 2025 | $659.59 |
| Nov 28, 2025 | $704.33 |
| Oct 31, 2025 | $711.55 |
Key statistics
- Market cap
- $39.86B
- P/E (TTM)
- 174.3
- EPS (TTM)
- $4.98
- Revenue (TTM)
- $713.82M
- Net income (TTM)
- $268.59M
- Shares outstanding
- 45.9M
- Dividend yield
- 0.06%
- 52-week range
- $657.39 – $879.72
Merchants Bancorp's market cap is $39.86B, based on a share price of $867.79 and 45.9M shares outstanding as of Mar 31, 2026.
Financials
Merchants Bancorp reported revenue (net interest income plus fees and other income) of $681.45M for fiscal 2025, up 1.60% from fiscal 2024.
Merchants Bancorp earned net income of $218.77M in fiscal 2025, a net margin of 32.1%.
Fiscal 2025 revenue was the highest in the 10 years shown.
Annual revenue
| Fiscal year | Revenue | Growth | Net income | Net margin | EPS (diluted) | Free cash flow |
|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $681.45M | +1.6% | $218.77M | 32.1% | $3.78 | −$362.19M |
| FY2024ended Dec 31, 2024 | $670.73M | +19.2% | $320.39M | 47.8% | $6.30 | −$853.67M |
| FY2023ended Dec 31, 2023 | $562.74M | +26.6% | $279.23M | 49.6% | $5.64 | −$363.93M |
| FY2022ended Dec 31, 2022 | $444.49M | +2.1% | $219.72M | 49.4% | $4.47 | $969.01M |
| FY2021ended Dec 31, 2021 | $435.33M | +23.8% | $227.10M | 52.2% | $4.76 | −$52.86M |
| FY2020ended Dec 31, 2020 | $351.62M | +107.6% | $180.53M | 51.3% | $3.85 | −$878.51M |
| FY2019ended Dec 31, 2019 | $169.39M | +21.4% | $77.33M | 45.7% | $1.58 | −$1.27B |
| FY2018ended Dec 31, 2018 | $139.56M | +22.1% | $62.87M | 45.1% | $1.38 | $195.14M |
| FY2017ended Dec 31, 2017 | $114.28M | +38.6% | $54.68M | 47.9% | $1.52 | −$176.67M |
| FY2016ended Dec 31, 2016 | $82.48M | — | $33.13M | 40.2% | $0.98 | −$150.98M |
| Quarter | Revenue | Net income | EPS (diluted) |
|---|---|---|---|
| Q2 FY2026ended Jun 30, 2026 | $182.22M | $78.30M | $1.48 |
| Q1 FY2026ended Mar 31, 2026 | $175.25M | $67.73M | $1.25 |
| Q4 FY2025ended Dec 31, 2025 | $185.29M | $67.85M | $1.28 |
| Q3 FY2025ended Sep 30, 2025 | $171.07M | $54.70M | $0.97 |
| Q2 FY2025ended Jun 30, 2025 | $179.20M | $37.98M | $0.60 |
| Q1 FY2025ended Mar 31, 2025 | $145.89M | $58.24M | $0.93 |
| Q4 FY2024ended Dec 31, 2024 | $193.77M | $95.67M | $1.84 |
| Q3 FY2024ended Sep 30, 2024 | $149.56M | $61.27M | $1.17 |
Company profile
- Name
- Merchants Bancorp
- Ticker
- MBIN
- Exchange
- NASDAQ
- Industry (SEC SIC)
- State Commercial Banks
- Headquarters
- 410 Monon Blvd, Carmel, IN 46032
- Incorporated in
- IN
- Fiscal year ends
- December
- SEC CIK
- 0001629019
Recent SEC filings
- Aug 20, 2026
- Aug 7, 2026
- Jul 28, 2026
- May 21, 2026
- May 7, 2026
- Apr 28, 2026
- Feb 27, 2026
- Feb 19, 2026
Frequently asked questions
What is Merchants Bancorp's stock price?
Merchants Bancorp (MBIN) closed at $867.79 on Oct 9, 2026, up 1.23% from the previous close of $857.23.
What is Merchants Bancorp's market cap?
Merchants Bancorp's market cap is $39.86B, based on a share price of $867.79 and 45.9M shares outstanding as of Mar 31, 2026.
How much revenue does Merchants Bancorp make?
Merchants Bancorp reported revenue (net interest income plus fees and other income) of $681.45M for fiscal 2025, up 1.60% from fiscal 2024.
What is MBIN's P/E ratio?
Merchants Bancorp's price-to-earnings ratio is 174.3, based on trailing twelve-month diluted EPS of $4.98.
Does Merchants Bancorp pay a dividend?
Yes. Merchants Bancorp declared $0.48 per share in dividends over the last four quarters, a yield of 0.06%.
Sources and methodology
Fundamentals come from Merchants Bancorp's filings with the SEC (EDGAR XBRL company facts). Fourth-quarter figures that companies don't report separately are calculated as the fiscal year minus the first three quarters. Trailing twelve-month (TTM) figures sum the latest four quarters. Prices are generated sample data for development. Last updated Oct 9, 2026. Data sources and disclosures