Merchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock (MBINM) Stock Price

MBINMStock

$25.62+62.45%52W

Market Cap—

P/E11.62x

PEG Ratio—

Div yield0.81%

Beta1.23

MBINM Share Price Chart

Favorite Metrics

Price vs S&P 500 (26W)5.18%

Price vs S&P 500 (4W)7.84%

VGM Score49.20

P/E Ratio (Annual)11.62x

Indicated Dividend Yield (Annual)0.81%

Book Value / Share (Quarterly)$50.73

P/TBV (Annual)0.76x

Indicated Dividend (Annual)$0.44

Cash Flow / Share (Quarterly)$-24.30

Payout Ratio (TTM)26.23%

Price vs S&P 500 (YTD)46.82%

EPS (TTM)$4.97

10-Day Avg Trading Volume0.15M

EPS Excl Extra (TTM)$4.97

EPS (Annual)$4.77

Dividend / Share (Annual)$1.30

ROI (Annual)9.27%

P/E Basic Excl Extra (TTM)11.14x

EPS Growth (5Y)-5.33%

P/E Normalized (Annual)11.62x

ROA (Last FY)1.12%

EBITD / Share (TTM)$6.00

ROE (5Y Avg)15.00%

Cash Flow / Share (Annual)$-8.21

P/B Ratio1.09x

P/B Ratio (Quarterly)0.85x

Net Income / Employee (Annual)$297,600

ROA (TTM)1.17%

EPS Growth QoQ (YoY)16.09%

EV / EBITDA (TTM)9.17x

EPS Incl Extra (Annual)$4.77

3-Month Avg Trading Volume0.16M

52-Week Price Return62.45%

P/E Incl Extra (TTM)11.14x

Tangible BV / Share (Quarterly)$45.73

52-Week High$56.87

EPS Excl Extra (Annual)$4.77

CapEx CAGR (5Y)57.78%

Tangible BV CAGR (5Y)23.24%

26-Week Price Return16.43%

13-Week Price Return16.20%

Total Debt / Equity (Annual)0.04x

Enterprise Value$2.96B

Book Value / Share Growth (5Y)12.00%

3-Month Return Std Dev31.96%

Net Income / Employee (TTM)$310,600

EBITDA CAGR (5Y)1.73%

EBITDA Interim CAGR (5Y)0.24%

ROE (Last FY)9.59%

EPS Basic Excl Extra (Annual)$4.77

P/FCF (TTM)15.39x

EV / Free Cash Flow (TTM)244.87x

Total Debt / Equity (Quarterly)0.18x

EPS Incl Extra (TTM)$4.97

ROI (TTM)9.13%

Dividend Growth Rate (5Y)9.49%

Tangible BV / Share (Annual)$44.96

Forward P/E9.80x

Price vs S&P 500 (52W)44.14%

P/E Ratio (TTM)11.14x

EPS Growth TTM (YoY)-22.26%

Year-to-Date Return58.78%

5-Day Price Return-0.59%

EPS Normalized (Annual)$4.77

ROA (5Y Avg)1.64%

Month-to-Date Return-1.99%

EBITD / Share (Annual)$5.83

EPS Growth (3Y)-2.03%

LT Debt / Equity (Annual)0.04x

P/CF (TTM)41.04x

ROI (5Y Avg)13.06%

P/E Excl Extra (TTM)11.14x

LT Debt / Equity (Quarterly)0.12x

EPS Basic Excl Extra (TTM)$4.97

P/TBV (Quarterly)0.94x

Payout Ratio (Annual)27.16%

P/B Ratio (Annual)0.69x

Dividend / Share (TTM)$1.30

Book Value / Share (Annual)$49.70

Price vs S&P 500 (13W)13.41%

Dividend Yield (TTM)2.36%

Beta1.23x

P/FCF (Annual)2.63x

ROE (TTM)10.12%

52-Week Low$30.37

vGradeC

gGradeF

mGradeA

vgmGradeC

MBINM Analyst Recommendations

May 2026

Jun 2026

Jul 2026

Aug 2026

4.00

3.89

Industry Peers — State Banks(189)

Symbol	Value Score	Growth Score	Momentum Score	Price
MBINMMerchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock	C	F	A	$25.62
BNSBank of Nova Scotia	C	C	C	$93.10
BNYBank of New York Mellon Corporation	F	B	A	$163.65
ITUBItau Unibanco Holding S.A. American Depositary Shares	B	D	D	$7.66
DBDeutsche Bank Aktiengesellschaft	A	C	C	$39.04
STTState Street Corporation	C	B	A	$192.95
XLFState Street Financial Select Sector SPDR ETF	—	—	C	$58.31
FITBFifth Third Bancorp	D	C	C	$54.89
BBDBanco Bradesco S.A. American Depositary Shares (Each representing one Preferred Shares)	A	D	D	$3.25
BBDOBanco Bradesco S.A. American Depositary Shares (Each representing one Common Share, no par value)	A	D	D	$3.19
MTBM&T Bank Corp.	C	B	C	$240.41
NTRSNorthern Trust Corp	D	C	B	$186.82
CFGCitizens Financial Group, Inc.	C	C	C	$69.83
FCNCAFirst Citizens BancShares Inc	C	B	C	$2158.92
EWBCEast-West Bancorp Inc	C	B	D	$129.43
ALLYAlly Financial Inc.	A	C	D	$42.60
BPOPPopular Inc	C	C	B	$169.55
SSBSouthState Bank Corporation	C	B	C	$106.12
WTFCWintrust Financial Corp	B	B	D	$151.09
PBProsperity Bancshares Inc	D	D	D	$72.53
WALWestern Alliance Bancorporation	B	B	F	$79.63
COLBColumbia Banking Systems Inc	B	C	D	$30.53
CBSHCommerce Bancshares Inc	C	D	C	$58.23
CBCCentral Bancompany, Inc. Class A Common Stock	D	C	B	$32.66
UBSIUnited Bankshares Inc	C	C	C	$47.41
GBCIGlacier Bancorp Inc	D	C	F	$47.35
HWCHancock Whitney Corporation Common Stock	C	C	C	$74.66
HOMBHome BancShares, Inc.	C	D	D	$29.90
ASBAssociated Banc-Corp	B	C	C	$30.82
AUBAtlantic Union Bankshares Corporation	C	B	D	$40.52
ABCBAmeris Bancorp	D	C	D	$85.54
FFINFirst Financial Bankshares Inc	D	D	D	$33.71
SFBSServisFirst Bancshares Inc.	D	B	D	$43.13
IBOCInternational Bancshares Corp	C	C	D	$70.81
TCBITexas Capital Bancshares, Inc.	C	C	D	$98.59
FBPFirst BanCorp.	C	C	B	$28.00
UCBUnited Community Banks, Inc.	B	B	D	$35.11
CATYCathay General Bancorp	C	C	C	$61.89
INDBIndependent Bank Corp/MA	C	C	D	$83.19
CVBFCVB Financial Corp	D	D	C	$22.39
RNSTRenasant Corporation	C	B	D	$41.01
MCHBMechanics Bancorp Class A Common Stock	D	C	D	$16.09
FIBKFirst Interstate BancSystem, Inc. Common Stock (DE)	B	B	D	$37.06
SBCFSeacoast Banking Corp of Florida	D	B	C	$34.00
FHBFirst Hawaiian, Inc. Common Stock	B	D	F	$25.78
BOHBank of Hawaii Corp.	C	C	D	$76.16
FBKFB Financial Corporation	D	B	D	$57.28
FBNCFirst Bancorp/NC	D	C	C	$63.96
CUBICUSTOMERS BANCORP INC	B	B	D	$78.30
SYBTStock Yards Bancorp, Inc.	D	C	C	$80.14
BUSEFirst Busey Corporation Class A Common Stock	B	C	B	$29.99

About Merchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock

Merchants Bancorp is a U.S. bank holding company specializing in FHA-backed multi-family and healthcare facility financing. Its core operations span mortgage banking and warehousing, offering origination and servicing of government-sponsored mortgages along with mortgage warehouse financing, commercial loans, and deposit services. The banking segment provides portfolio lending for multi-family and healthcare facilities, residential mortgages, agricultural loans, and SBA lending, complemented by traditional community banking.