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MB

Merchants Bancorp (MBIN)

NASDAQ • Financial Services

$49.06
+$1.3 (+2.7%)
Market closed

Last close at October 22, 2026 at 20:00 UTC

Open$47.82
Day Range$47.47 - $49.31
Avg. Volume (3M)161.5K
Market Cap$2.2B
P/E Ratio9.9
52 Week Range
$30.37$56.87

Metrics Over Time

Where the Money Goes

Q2 2026
Revenueeverything earned$294M100%
Gross Profitminus cost of goods$136.5M46%
Operating Incomeminus R&D and overhead$54.1M18%
Net Incomeminus taxes and the rest$78.3M27%

In plain terms: out of every $100 in revenue, Merchants Bancorp keeps $27 as net profit.

Fundamentals & Financials

Revenue (TTM)
$1.3B
Net Income (TTM)
$268.5M
EPS (TTM)
$4.98
ROA (TTM)
1.27%
Current Ratio
0.024
Dividend Yield
0.67%

TTM is calculated as the sum of the four most recently completed quarters. This is a standard approach when monthly or real-time data is not available.

Earnings

+36.2%Q1 2026$1.28
+7.8%Q2 2026$1.25
+21.3%Q3 2026$1.48

% — EPS deviation from the forecast (beat / miss); quarters without a forecast show the reported EPS

Latest report — Q3 2026
Beat +21.3%

Merchants Bancorp topped expectations on earnings, with EPS of $1.48 beating the $1.22 estimate (+21.3%) for the second fiscal quarter of 2026, reported July 28, 2026. Revenue came in at about $294.1 million, while the quarter’s core banking spread showed up in net interest income of roughly $136.5 million as the company continued to operate across real estate finance, mortgage banking, and commercial banking. Profitability included operating income of about $54.1 million, and net income more than doubled, up ~106% year over year to roughly $78.3 million (from about $38.0 million a year ago), alongside EPS up ~147% to $1.48 (from $0.60). The company paid roughly $15.3 million in dividends during the quarter. For the next period, consensus calls for EPS of $1.40.

Next report — what to expect

Merchants Bancorp (MBIN) reports next on October 27, 2026. Wall Street is looking for EPS of $1.40 on revenue of $182.9 million. For trailing context, revenue fell -16.9% year over year last quarter. MBIN has beaten EPS in 5 of its 8 most recent quarters, so results versus consensus are a key watchpoint.

View full earnings history

About Merchants Bancorp

Merchants Bancorp operates a U.S. banking and lending business focused on real estate finance, mortgage banking, and commercial banking. Listed on the NASDAQ Capital Market as MBIN, the company works across the financial sector as a regional bank and generated $1.4 billion of revenue in FY2025.

Name
Merchants Bancorp
CEO
Michael F. Petrie
Website
bankmerchants.com
Industry
Financial Services
Year Founded
1990
Employees
735

Today's Snapshot

AI-generated

MBIN closed 2.7% higher on heavier trading than usual. Earnings are due from MBIN on 28 October.

Trading Volume

Above 10d avg 152.9K

214K

vs S&P 500 Today

Strong Outperformance

+3.97%

Updated: October 22, 2026 at 20:16 UTC

Technical Indicators

3 Buy2 Neutral3 Sell
MBIN is rated Buy at 49.06 with the stock trading above the 200-day averages while short- and medium-term moving averages are mixed. Momentum indicators are tepid—RSI and MACD are neutral and stochastic suggests early buying—while ADX points to a weak trend and ATR is moderate near $1.41. Volume metrics are soft, which tempers conviction, yet the classic pivot lies below the market and provides nearby support. Technical takeaway: Buy — price holds above the 200-day level with tentative short-term support but trend strength remains shallow.
All signals
  • EMA (5 indicators)$46.02 - $50.47
    Sell
  • RSI (14)45.17
    Neutral
  • Stochastic %K (14, 3, 3)16.83
    Buy
  • MACD Level (12, 26)-0.91
    Neutral
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