Why did Merchants Bancorp (MBIN) stock move recently?

On 7/23/2026, Merchants Bancorp moved -3.0% — No clear company-specific catalyst identified in recent filings or credible coverage; the stock moved lower amid limited news flow ahead of upcoming earnings. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Merchants Bancorp (MBIN) overvalued or fairly valued?

MarketChacha shows Merchants Bancorp's valuation in context — a trailing P/E of about 11.3, a forward P/E of about 8.0, a price-to-book of about 1.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is the share price of Merchants Bancorp (MBIN)?

Merchants Bancorp last traded at $48.57 (+2.0% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Merchants Bancorp

MBIN · NYSE · Financials · United States

Snapshot

TickerMBIN

ExchangeNYSE

SectorFinancials

IndustryBanks - Regional

CountryUnited States

Employees735

HeadquartersCarmel, United States

Websitebankmerchants.com

Filings tracked15

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. 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 housing development and healthcare facilities financing. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, 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.

Who owns it

Insiders46.0%
Institutions41.1%
Public & other13.0%

264 institutional holders

Ownership breakdown from public market data.

Top holders

Elser Financial Planning, Inc58.33%
Blackrock Inc.8.94%
Dimensional Fund Advisors LP3.98%
State Street Corporation2.32%
Nomura Asset Management International Inc2.27%
Vanguard Capital Management LLC2.21%
American Century Companies Inc1.82%
Doma Perpetual Capital Management LLC1.76%

Largest institutional holders — last updated 9/30/2026.

Forensic scorecard

Over 3 years only -1.87× of reported profit became operating cash — the classic sign that headline earnings may be running ahead of the cash actually generated. Often explained by working capital funding growth; worth a closer look.

Cash conversion-1.87×

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $187.6M · EPS 1.45

Est. earnings growth +13.5%

Next fiscal year

Rev $771.0M · EPS 6.01

Est. earnings growth +10.6%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

ROE

9.6%

Profit CAGR (2y)

-11.5%

EPS (FY2025)

3.78

Net profit (FY2025)

$218.8M

Ask MarketChacha about MBIN

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 23, 2026
No clear company-specific catalyst identified in recent filings or credible coverage; the stock moved lower amid limited news flow ahead of upcoming earnings.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Net profit	EPS	ROE
FY2025	$218.8M	3.78	9.6%
FY2024	$320.4M	6.30	14.3%
FY2023	$279.2M	5.64	16.4%

Quarterly

Period	Net profit	EPS
2026Q2	$78.3M	1.48
2026Q1	$67.7M	1.25
2025Q3	$54.7M	0.97
2025Q2	$38.0M	0.60
2025Q1	$58.2M	0.93
2024Q3	$61.3M	1.17
2024Q2	$76.4M	1.49
2024Q1	$87.1M	1.80
2023Q4	$77.5M	1.58
2023Q3	$81.5M	1.68
2023Q2	$65.3M	1.31
2023Q1	$55.0M	1.07

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events, Exhibits
SEC8/20/2026material
10-Q filing
SEC8/7/2026
8-K — Results of operations, Exhibits
SEC7/28/2026material
8-K — Shareholder vote results, Other events, Exhibits
SEC5/21/2026material
10-Q filing
SEC5/7/2026
8-K — Results of operations, Exhibits
SEC4/28/2026material
10-K filing
SEC2/27/2026
8-K — Other events, Exhibits
SEC2/19/2026material
8-K — Results of operations, Exhibits
SEC1/28/2026material

2025

8-K — Other events, Exhibits
SEC11/19/2025material
10-Q filing
SEC11/7/2025
8-K — Results of operations, Exhibits
SEC10/28/2025material
8-K — Other events, Exhibits
SEC8/21/2025material
10-Q filing
SEC8/11/2025
8-K — Results of operations, Exhibits
SEC7/28/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.