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

42.84USD0.00 (0.00%)Market Closed

Market Summary

USD42.840.00

Market Closed

0.00%

MBIN Alerts

Big jump in Revenue (Y/Y)

Big jump in Earnings (Y/Y)

MBIN Stock Price

View Fullscreen

MBIN RSI Chart

MBIN Valuation

Market Cap

1.9B

Price/Earnings (Trailing)

5.97

Price/Sales (Trailing)

1.57

EV/EBITDA

1.56

Price/Free Cashflow

-4.15

MBIN Price/Sales (Trailing)

MBIN Profitability

EBT Margin

32.94%

Return on Equity

17.53%

Return on Assets

1.75%

Free Cashflow Yield

-24.09%

MBIN Fundamentals

MBIN Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

48.69%

Rev. Growth (Qtr)

0.77%

MBIN Earnings

Earnings (TTM)

311.3M

Earnings Growth (Yr)

58.41%

Earnings Growth (Qtr)

12.37%

Breaking Down MBIN Revenue

Last 7 days

-9.7%

Last 30 days

13.9%

Last 90 days

1.8%

Trailing 12 Months

76.4%

How does MBIN drawdown profile look like?

MBIN Financial Health

Debt/Equity

0.05

Debt/Cashflow

-4.51

MBIN Investor Care

Dividend Yield

1.59%

Dividend/Share (TTM)

0.68

Shares Dilution (1Y)

0.28%

Diluted EPS (TTM)

6.37

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
2024	1.2B	0	0	0
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 16, 2024	COMERICA BANK	added	14,856	205,297	206,660	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.84	-26,841	740,451	-%
May 16, 2024	JANE STREET GROUP, LLC	added	18.24	75,652	455,636	-%
May 16, 2024	EJF Capital LLC	reduced	-85.19	-2,137,290	377,652	0.26%
May 15, 2024	Engineers Gate Manager LP	added	13.44	157,889	1,207,530	0.03%
May 15, 2024	Corton Capital Inc.	reduced	-31.75	-195,344	439,141	0.16%
May 15, 2024	AMERIPRISE FINANCIAL INC	added	93.07	813,518	1,662,780	-%
May 15, 2024	Black Maple Capital Management LP	new	-	608,924	608,924	0.37%
May 15, 2024	UBS ASSET MANAGEMENT AMERICAS LLC	unchanged	-	3,694	265,816	-%
May 15, 2024	D. E. Shaw & Co., Inc.	added	3.81	133,434	2,665,160	-%

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
May 16, 2024	8-K	Current Report
May 16, 2024	8-K	Current Report
May 15, 2024	424B2	Prospectus Filed
May 13, 2024	424B5	Prospectus Filed
May 10, 2024	10-Q	Quarterly Report
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

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	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.8%	314,173	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
EBITDA Margin	-1.0%	0.73*	0.74*	0.79*	0.87*	1.06*	1.27*	1.54*	1.76*	1.82*	1.88*	1.92*	1.90*	-	-	-	-	-	-	-	-	-
Interest Expenses	2.2%	127,056	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
Income Taxes	23.9%	27,238	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
Earnings Before Taxes	14.9%	114,292	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
EBT Margin	2.0%	0.33*	0.32*	0.34*	0.37*	0.48*	0.61*	0.76*	0.89*	0.93*	0.98*	1.02*	1.01*	-	-	-	-	-	-	-	-	-
Net Income	12.4%	87,054	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
Net Income Margin	1.8%	0.26*	0.26*	0.27*	0.30*	0.36*	0.46*	0.57*	0.67*	0.70*	0.73*	0.75*	0.75*	-	-	-	-	-	-	-	-	-
Free Cashflow	-154.4%	-386,078	710,303	-528,270	-243,389	-302,574	-858,725	958,076	-422,029	1,291,691	338,255	-659,045	-25,860	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	5.1%	17,823	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
Cash Equivalents	-12.9%	509	584	407	377	370	226	324	258	412	1,033	803	402	269	180	429	403	568	507	365	461	313
Net PPE	0.3%	42.00	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
Goodwill	-49.4%	8.00	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	16.00	17.00
Liabilities	5.2%	16,046	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
Long Term Debt	-	-	-	-	-	-	-	97.00	1,441	-	1,034	809	701	545	1,348	1,618	1,761	445	181	160	62.00	338
Shareholder's Equity	4.4%	1,776	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
Retained Earnings	7.0%	1,138	1,064	998	929	876	833	788	738	695	657	610	560	517	462	408	359	324	305	281	265	253
Shares Outstanding	0.3%	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-153.7%	-383,772,000	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
Cashflow From Investing	21.8%	-695,019,000	-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
Cashflow From Financing	185.1%	1,003,124,000	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
Dividend Payments	-100.0%	-	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
Buy Backs	-	-	-	-	-	-	333	-	2,174,000	-	-	-	-	-	-	-	-	-	-	21,850,000	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

MBIN Income Statement

2024-03-31

Condensed Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest Income
Loans	$ 271,998,000	$ 189,450,000
Mortgage loans in process of securitization	1,720,000	1,648,000
Investment securities:
Available for sale	14,388,000	2,266,000
Held to maturity	20,522,000	15,754,000
Federal Home Loan Bank stock	844,000	427,000
Other	4,701,000	1,749,000
Total interest income	314,173,000	211,294,000
Interest Expense
Deposits	171,022,000	104,442,000
Borrowed funds	16,095,000	6,159,000
Total interest expense	187,117,000	110,601,000
Net Interest Income	127,056,000	100,693,000
Provision for credit losses	4,726,000	6,867,000
Net Interest Income After Provision for Credit Losses	122,330,000	93,826,000
Noninterest Income
Gain on sale of loans	9,356,000	6,733,000
Loan servicing fees, net	19,402,000	2,360,000
Mortgage warehouse fees	982,000	1,028,000
Loss on sale of investments available for sale (includes $(108) and $0, respectively, related to accumulated other comprehensive loss reclassifications)	(108,000)
Syndication and asset management fees	5,303,000	1,212,000
Other income	5,939,000	2,931,000
Total noninterest income	40,874,000	14,264,000
Noninterest Expense
Salaries and employee benefits	29,596,000	22,146,000
Loan expenses	956,000	804,000
Occupancy and equipment	2,237,000	2,232,000
Professional fees	4,099,000	2,269,000
Deposit insurance expense	5,125,000	2,178,000
Technology expense	1,854,000	1,577,000
Other expense	5,045,000	3,566,000
Total noninterest expense	48,912,000	34,772,000
Income Before Income Taxes	114,292,000	73,318,000
Provision for income taxes (includes $26 and $0, respectively, related to income tax benefit for reclassification items)	27,238,000	18,363,000
Net Income	87,054,000	54,955,000
Dividends on preferred stock	(8,667,000)	(8,667,000)
Net income allocated to common shareholders	$ 78,387,000	$ 46,288,000
Basic Earnings Per Share (in dollars per share)	$ 1.81	$ 1.07
Diluted Earnings Per Share (in dollars per share)	$ 1.80	$ 1.07
Weighted-Average Shares Outstanding
Basic (in shares)	43,305,985	43,179,604
Diluted (in shares)	43,466,647	43,290,779

MBIN Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 17,924	$ 15,592
Interest-earning demand accounts	490,831	568,830
Cash and cash equivalents	508,755	584,422
Securities purchased under agreements to resell	3,329	3,349
Mortgage loans in process of securitization	142,629	110,599
Securities available for sale ($700,640 and $722,497 utilizing fair value option, respectively)	1,061,288	1,113,687
Securities held to maturity ($1,176,178 and $1,203,535 at fair value, respectively)	1,175,167	1,204,217
Federal Home Loan Bank (FHLB) stock	64,215	48,578
Loans held for sale (includes $84,513 and $86,663 at fair value, respectively)	3,503,131	3,144,756
Loans receivable, net of allowance for credit losses on loans of $75,712 and $71,752, respectively	10,690,513	10,127,801
Premises and equipment, net	42,450	42,342
Servicing rights	172,200	158,457
Interest receivable	90,303	91,346
Goodwill	8,014	15,845
Intangible assets, net	149	742
Other assets and receivables	360,433	306,375
Total assets	17,822,576	16,952,516
Deposits
Noninterest-bearing	319,872	520,070
Interest-bearing	13,655,789	13,541,390
Total deposits	13,975,661	14,061,460
Borrowings	1,835,985	964,127
Deferred and current tax liabilities, net	43,935	19,923
Other liabilities	190,527	205,922
Total liabilities	16,046,108	15,251,432
Commitments and Contingencies
Shareholders' Equity
Common stock, without par value Authorized - 75,000,000 shares Issued and outstanding - 43,354,718 shares at March 31, 2024 and 43,242,928 shares at December 31, 2023	139,950	140,365
Retained earnings	1,138,083	1,063,599
Accumulated other comprehensive loss	(1,173)	(2,488)
Total shareholders' equity	1,776,468	1,701,084
Total liabilities and shareholders' equity	17,822,576	16,952,516
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 Fri May 17 2024, market cap of Merchants Bancorp-IN is 1.86 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 Fri May 17 2024, MBIN's PE ratio (Price to Earnings) is 5.97 and Price to Sales (PS) ratio is 1.57. 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.