MBIN - Merchants Bancorp-IN Stock Price, Fair Value and News

46.95USD-0.04 (-0.09%)Delayed as of 08 May 2024, 12:36 pm ET

Market Summary

USD46.95-0.04

Delayedas of 08 May 2024, 12:36 pm

-0.09%

MBIN Stock Price

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MBIN RSI Chart

MBIN Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

7.29

Price/Sales (Trailing)

1.89

EV/EBITDA

1.82

Price/Free Cashflow

-5.59

MBIN Price/Sales (Trailing)

MBIN Profitability

EBT Margin

32.28%

Return on Equity

16.42%

Return on Assets

1.65%

Free Cashflow Yield

-17.87%

MBIN Fundamentals

MBIN Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

71.83%

Rev. Growth (Qtr)

5.08%

MBIN Earnings

Earnings (TTM)

279.2M

Earnings Growth (Yr)

35.55%

Earnings Growth (Qtr)

-4.95%

Breaking Down MBIN Revenue

52 Week Range

22.1847.10

(Low)(High)

Last 7 days

16.4%

Last 30 days

13.4%

Last 90 days

19.8%

Trailing 12 Months

102.0%

How does MBIN drawdown profile look like?

MBIN Financial Health

Debt/Equity

0.06

Debt/Cashflow

-3.66

MBIN Investor Care

Dividend Yield

1.36%

Dividend/Share (TTM)

0.64

Shares Dilution (1Y)

0.23%

Diluted EPS (TTM)

5.64

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	616.1M	784.9M	947.5M	1.1B
2022	308.3M	325.2M	382.0M	480.8M
2021	301.9M	306.2M	307.2M	311.9M
2020	232.7M	252.2M	268.7M	282.8M
2019	151.2M	165.8M	188.0M	212.0M
2018	104.4M	116.1M	127.6M	140.6M
2017	76.5M	82.0M	88.2M	94.4M
2016	60.5M	64.6M	68.8M	72.9M
2015	0	0	0	56.3M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Merchants Bancorp-IN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 11, 2024	petrie michael f.	gifted	-	-	-2,200	chairman and ceo
Feb 14, 2024	catchings tamika	acquired	17,515	38.75	452	-
Feb 14, 2024	gilroy sue anne	acquired	17,515	38.75	452	-
Feb 14, 2024	sellers anne e.	acquired	17,515	38.75	452	-
Feb 14, 2024	dinwiddie thomas	acquired	17,515	38.75	452	-
Feb 14, 2024	o'brien patrick d.	acquired	17,515	38.75	452	-
Feb 14, 2024	juster andrew	acquired	17,515	38.75	452	-
Feb 14, 2024	shane david n.	acquired	17,515	38.75	452	-
Feb 02, 2024	petrie michael f.	gifted	-	-	-12,800	chairman and ceo
Feb 02, 2024	petrie michael f.	gifted	-	-	-2,151	chairman and ceo

Which funds bought or sold MBIN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Spectrum Wealth Counsel, LLC	new	-	72,284	72,284	0.01%
May 06, 2024	SG Americas Securities, LLC	reduced	-18.74	-77,000	363,000	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-155,119	-	-%
May 06, 2024	Quantbot Technologies LP	reduced	-7.99	-12,271	170,993	0.01%
May 06, 2024	Parallel Advisors, LLC	unchanged	-	40.00	2,850	-%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	reduced	-34.18	-187,778	376,918	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	added	19.7	141,000	802,000	-%
May 06, 2024	Empowered Funds, LLC	added	8.18	539,262	6,097,060	0.11%
May 03, 2024	VICTORY CAPITAL MANAGEMENT INC	new	-	242,110	242,110	-%
May 03, 2024	GSA CAPITAL PARTNERS LLP	reduced	-5.29	-35,000	839,000	0.07%

Are Funds Buying or Selling MBIN?

Are funds buying MBIN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MBIN

No. of Funds

Unveiling Merchants Bancorp-IN's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 06, 2024	rogers randall d.	6.9%	2,964,729	SC 13G/A
Feb 06, 2024	petrie michael f.	31.6%	13,643,402	SC 13G/A
Feb 13, 2023	rogers randall d.	7.8%	3,364,923	SC 13G/A
Feb 13, 2023	petrie michael f.	31.8%	13,722,060	SC 13G/A
Feb 11, 2022	rogers randall d.	7.8%	3,374,923	SC 13G/A
Feb 11, 2022	petrie michael f.	31.9%	13,790,102	SC 13G/A
Jun 25, 2021	petrie michael f.	31.9%	9,188,533	SC 13G/A
Jan 29, 2021	rogers randall d.	8.0%	2,292,786	SC 13G/A
Jan 29, 2021	petrie michael f.	33.1%	-	SC 13G/A
Feb 12, 2020	petrie michael f.	34.63%	9,941,077	SC 13G/A

Recent SEC filings of Merchants Bancorp-IN

View All Filings

Date Filed	Form Type	Document
Apr 29, 2024	8-K	Current Report
Apr 05, 2024	ARS	ARS
Apr 05, 2024	DEF 14A	DEF 14A
Apr 05, 2024	DEFA14A	DEFA14A
Apr 01, 2024	25-NSE	25-NSE
Mar 13, 2024	4	Insider Trading
Mar 12, 2024	10-K	Annual Report
Mar 07, 2024	8-K	Current Report
Feb 28, 2024	8-K	Current Report
Feb 15, 2024	4	Insider Trading

Peers (Alternatives to Merchants Bancorp-IN)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	550.7B	174.7B	-2.88%	39.91%	10.94	3.15	53.11%	19.83%
BAC	296.0B	127.4B	1.99%	36.69%	11.83	2.15	56.12%	-12.56%
WFC	210.0B	85.8B	4.95%	56.96%	11.19	2.45	35.02%	26.14%
C	118.3B	125.0B	0.65%	33.74%	14.8	0.95	37.85%	-
CFG	16.2B	10.4B	4.71%	38.12%	11.31	1.55	26.22%	-33.87%
KEY	14.1B	8.1B	-0.80%	54.34%	16.12	1.73	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	1.12%	47.25%	10.15	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	4.13%	80.63%	9.55	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	5.29%	67.41%	12.7	2.67	43.24%	-22.35%
ASB	3.3B	1.8B	5.37%	45.89%	20.77	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	399.1M	152.4M	-3.36%	49.04%	40.14	2.62	16.94%	-73.84%
AROW	389.7M	162.6M	0.47%	17.60%	12.96	2.4	25.39%	-38.37%
ACNB	273.7M	96.6M	-5.55%	16.05%	8.64	2.83	11.02%	-11.37%
ASRV	40.3M	60.9M	-4.84%	-16.90%	-12.04	0.66	24.06%	-144.92%

Merchants Bancorp-IN News

Latest updates

Merchants Bancorp-IN Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	5.1%	311,759	296,676	258,069	211,294	181,439	134,112	89,270	76,012	82,585	77,314	72,438	79,549	77,911	76,258	68,204	60,417	63,799	59,761	48,761	39,674	39,825
EBITDA Margin	-5.8%	0.74*	0.79*	0.87*	1.06*	1.27*	1.54*	1.76*	1.82*	1.88*	1.92*	1.90*	1.84*	-	-	-	-	-	-	-	-	-
Interest Expenses	5.9%	124,325	117,436	105,617	100,693	95,410	85,385	72,031	65,725	72,743	68,881	64,407	71,963	69,237	65,322	51,234	38,353	37,621	32,624	27,922	24,131	24,175
Income Taxes	-12.3%	21,980	25,056	3,274	18,363	17,720	18,907	18,098	16,696	17,582	20,098	17,977	22,169	20,598	19,612	14,233	8,381	9,434	6,502	5,328	3,541	5,699
Earnings Before Taxes	-6.7%	99,453	106,560	68,576	73,318	74,876	77,395	72,033	66,838	72,783	78,601	69,394	84,152	80,384	74,614	55,395	32,964	39,495	26,761	21,767	14,111	21,121
EBT Margin	-5.4%	0.32*	0.34*	0.37*	0.48*	0.61*	0.76*	0.89*	0.93*	0.98*	1.02*	1.01*	0.98*	-	-	-	-	-	-	-	-	-
Net Income	-4.9%	77,473	81,504	65,302	54,955	57,156	58,488	53,935	50,142	55,201	58,503	51,417	61,983	59,786	55,002	41,162	24,583	30,061	20,259	16,439	10,570	15,422
Net Income Margin	-5.2%	0.26*	0.27*	0.30*	0.36*	0.46*	0.57*	0.67*	0.70*	0.73*	0.75*	0.75*	0.72*	-	-	-	-	-	-	-	-	-
Free Cashflow	234.5%	710,303	-528,270	-243,389	-302,574	-858,725	958,076	-422,029	1,291,691	338,255	-659,045	-25,860	293,789	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	2.8%	16,953	16,495	15,875	14,241	12,615	11,979	11,086	9,651	11,279	10,952	9,882	9,705	9,645	9,530	9,439	7,908	6,372	6,337	5,287	3,977	3,884
Cash Equivalents	43.5%	584	407	377	370	226	324	258	412	1,033	803	402	269	180	429	403	568	507	365	461	313	337
Net PPE	15.3%	42.00	37.00	37.00	36.00	35.00	35.00	35.00	35.00	31.00	31.00	31.00	31.00	30.00	29.00	29.00	29.00	29.00	29.00	27.00	21.00	15.00
Goodwill	0%	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	17.00	17.00
Liabilities	2.6%	15,251	14,863	14,315	12,735	11,155	10,566	9,858	8,462	10,123	9,842	8,822	8,694	8,835	8,773	8,731	7,235	5,718	5,708	4,772	3,499	3,463
Long Term Debt	-	-	-	-	-	-	97.00	1,441	-	1,034	809	701	545	1,348	1,618	1,761	445	181	160	62.00	338	195
Shareholder's Equity	4.2%	1,701	1,633	139	138	1,460	1,413	738	695	1,155	1,110	560	0.00	0.00	757	359	324	305	629	515	478	245
Retained Earnings	6.5%	1,064	998	929	876	833	788	738	695	657	610	560	517	462	408	359	324	305	281	265	253	245
Shares Outstanding	0.0%	43.00	43.00	43.00	43.00	43.00	43.00	43.00	43.00	43.00	43.00	43.00	43.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	656	-	-	-	577	-	-	-	669	-	-	-	301	-	-	-	277	-	-

Cashflow (Last 12 Months)

(In )

Cashflow (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	235.4%	714,372,000	-527,754,000	-241,487,000	-301,533,000	-858,142,000	959,141,000	-420,855,000	1,295,630,000	338,619,000	-658,450,000	-25,178,000	295,793,000	333,338,000	762,704,000	-1,099,315,000	-871,615,000	406,828,000	-680,938,000	-985,632,000	2,739,000	99,557,000
Cashflow From Investing	-6031.3%	-889,036,000	-14,500,000	-1,236,369,000	-1,120,176,000	187,093,000	-1,698,066,000	-1,104,729,000	-247,149,000	-360,375,000	51,793,000	29,034,000	-194,714,000	-637,866,000	-763,878,000	-562,132,000	-568,352,000	-258,795,000	-445,628,000	-149,701,000	-103,551,000	-131,734,000
Cashflow From Financing	-38.5%	351,848,000	572,182,000	1,485,580,000	1,565,131,000	573,252,000	804,740,000	1,372,209,000	-1,669,574,000	251,794,000	1,007,184,000	128,754,000	-11,368,000	55,054,000	27,189,000	1,496,552,000	1,501,340,000	-6,300,000	1,030,653,000	1,282,771,000	77,739,000	-42,055,000
Dividend Payments	0.0%	12,126,000	12,127,000	12,127,000	12,126,000	11,815,000	8,747,000	8,748,000	8,757,000	8,319,000	8,319,000	8,389,000	6,208,000	5,919,000	5,918,000	5,918,000	5,916,000	5,628,000	8,784,000	-	2,842,000	2,554,000
Buy Backs	-	-	-	-	-	333	-	2,174,000	-	-	-	-	-	-	-	-	-	-	21,850,000	-	-	-

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MBIN Income Statement

2023-12-31

Consolidated Statements of Income - USD ($)	12 Months Ended
Consolidated Statements of Income - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest Income
Loans	$ 959,714,000	$ 451,973,000	$ 293,830,000
Mortgage loans in process of securitization	12,652,000	8,407,000	12,746,000
Investment securities:
Available for sale - taxable	21,621,000	2,807,000	3,309,000
Available for sale - tax exempt			41,000
Held to maturity	69,983,000	12,382,000
Federal Home Loan Bank stock	2,205,000	1,220,000	1,143,000
Other	11,623,000	4,044,000	817,000
Total interest income	1,077,798,000	480,833,000	311,886,000
Interest Expense
Deposits	577,210,000	149,645,000	28,256,000
Borrowed funds	52,517,000	12,637,000	5,636,000
Total interest expense	629,727,000	162,282,000	33,892,000
Net Interest Income	448,071,000	318,551,000	277,994,000
Provision for credit losses	40,231,000	17,295,000	5,012,000
Net Interest Income After Provision for Credit Losses	407,840,000	301,256,000	272,982,000
Noninterest Income
Gain on sale of loans	48,183,000	64,150,000	111,185,000
Loan servicing fees, net	26,198,000	30,198,000	16,373,000
Mortgage warehouse fees	7,701,000	5,394,000	12,396,000
Gains on sale of investments available for sale (includes $0, $0 and $191, respectively, related to accumulated other comprehensive earnings reclassifications)			191,000
Syndication and asset management fees	12,355,000	9,493,000	6,507,000
Other income	20,231,000	16,701,000	10,681,000
Total noninterest income	114,668,000	125,936,000	157,333,000
Noninterest Expense
Salaries and employee benefits	108,181,000	89,085,000	85,727,000
Loan expenses	3,409,000	4,703,000	7,657,000
Occupancy and equipment	9,220,000	8,169,000	7,365,000
Professional fees	12,704,000	9,065,000	5,427,000
Deposit insurance expense	13,582,000	3,463,000	2,691,000
Technology expense	6,515,000	5,282,000	4,200,000
Other expense	20,990,000	16,283,000	12,318,000
Total noninterest expense	174,601,000	136,050,000	125,385,000
Income Before Income Taxes	347,907,000	291,142,000	304,930,000
Provision for income taxes (includes $0, $0 and $46, respectively, related to income tax expense for reclassification items)	68,673,000	71,421,000	77,826,000
Net Income	279,234,000	219,721,000	227,104,000
Dividends on preferred stock	(34,670,000)	(25,983,000)	(20,873,000)
Net Income Allocated to Common Shareholders	$ 244,564,000	$ 193,738,000	$ 206,231,000
Basic Earnings Per Share (in dollars per share)	$ 5.66	$ 4.49	$ 4.78
Diluted Earnings Per Share (in dollars per share)	$ 5.64	$ 4.47	$ 4.76
Weighted-Average Shares Outstanding
Basic (in shares)	43,224,042	43,164,477	43,172,078
Diluted (in shares)	43,345,799	43,316,904	43,325,303

MBIN Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 15,592	$ 22,170
Interest-earning demand accounts	568,830	203,994
Cash and cash equivalents	584,422	226,164
Securities purchased under agreements to resell	3,349	3,464
Mortgage loans in process of securitization	110,599	154,194
Securities available for sale	1,113,687	323,337
Securities held to maturity ($1,203,535 and $1,118,966 at fair value, respectively)	1,204,217	1,119,078
Federal Home Loan Bank (FHLB) stock	48,578	39,130
Loans held for sale (includes $86,663 and $82,192 at fair value, respectively)	3,144,756	2,910,576
Loans receivable, net of allowance for credit losses on loans of $71,752 and $44,014, respectively	10,127,801	7,426,858
Premises and equipment, net	42,342	35,438
Servicing rights	158,457	146,248
Interest receivable	91,346	56,262
Goodwill	15,845	15,845
Intangible assets, net	742	1,186
Other assets and receivables	306,375	157,447
Total assets	16,952,516	12,615,227
Deposits
Noninterest-bearing	520,070	326,875
Interest-bearing	13,541,390	9,744,470
Total deposits	14,061,460	10,071,345
Borrowings	964,127	930,392
Deferred tax liabilities	19,923	19,613
Other liabilities	205,922	134,138
Total liabilities	15,251,432	11,155,488
Commitments and Contingencies
Shareholders' Equity
Common stock, without par value Authorized - 75,000,000 shares Issued and outstanding - 43,242,928 shares at December 31, 2023 and 43,113,127 shares at December 31, 2022	140,365	137,781
Preferred stock
Retained earnings	1,063,599	832,871
Accumulated other comprehensive loss	(2,488)	(10,521)
Total shareholders' equity	1,701,084	1,459,739
Total liabilities and shareholders' equity	16,952,516	12,615,227
7% Series A Preferred Stock
Shareholders' Equity
Preferred stock	50,221	50,221
6% Series B Preferred Stock
Shareholders' Equity
Preferred stock	120,844	120,844
6% Series C Preferred Stock
Shareholders' Equity
Preferred stock	191,084	191,084
8.25% Series D Preferred Stock
Shareholders' Equity
Preferred stock	$ 137,459	$ 137,459

About Merchants Bancorp-IN

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities; offers customized loan products for need-based skilled nursing facilities, independent living, assisted living, and memory care; and tax credit equity syndicator. Its 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, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

CEO	Mr. Michael F. Petrie CMB
WEBSITE	merchantsbancorp.com
INDUSTRY	Banks Diversified
EMPLOYEES	556

Merchants Bancorp-IN Frequently Asked Questions

What is the ticker symbol for Merchants Bancorp-IN? What does MBIN stand for in stocks?

MBIN is the stock ticker symbol of Merchants Bancorp-IN. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Merchants Bancorp-IN (MBIN)?

As of Tue May 07 2024, market cap of Merchants Bancorp-IN is 2.04 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MBIN stock?

You can check MBIN's fair value in chart for subscribers.

What is the fair value of MBIN stock?

You can check MBIN's fair value in chart for subscribers. The fair value of Merchants Bancorp-IN is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Merchants Bancorp-IN is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MBIN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Merchants Bancorp-IN a good stock to buy?

The fair value guage provides a quick view whether MBIN is over valued or under valued. Whether Merchants Bancorp-IN is cheap or expensive depends on the assumptions which impact Merchants Bancorp-IN's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MBIN.

What is Merchants Bancorp-IN's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, MBIN's PE ratio (Price to Earnings) is 7.29 and Price to Sales (PS) ratio is 1.89. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MBIN PE ratio will change depending on the future growth rate expectations of investors.