MBINN
Merchants Bancorp
NasdaqCMUSDEQUITY
DELAYED
Last price
19.92
▼ 0.12 (0.60%)
MARKET · —
Price
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Open
20.07
Prev close
20.04
Day high
20.07
Day low
19.90
Volume
6.02K
Market cap
—
P/E (TTM)
—
52W range
18.27 – 21.60
Trailing performance
Returnvs SPY
1W
-0.40%
+1.0%
1M
-1.14%
-4.9%
3M
-2.95%
-6.0%
6M
-1.17%
-12.2%
YTD
+8.44%
-3.9%
1Y
-3.30%
-23.3%
3Y
+13.31%
-60.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Free account
3 more panels on MBINN open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Market cap—
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)—
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding—
Float—
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin—
Operating margin—
Profit margin—
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $677.24M | $666.97M | $559.33M | $439.78M | +1.5% |
| Operating revenue | $677.24M | $666.97M | $559.33M | $439.78M | +1.5% |
| Selling, general & admin | $198.31M | $156.88M | $121.76M | $92.55M | +26.4% |
| Pre-tax income | $263.80M | $422.64M | $347.91M | $291.14M | -37.6% |
| Tax provision | $45.03M | $102.26M | $68.67M | $71.42M | -56.0% |
| Net income | $218.77M | $320.39M | $279.23M | $219.72M | -31.7% |
| Net income to common | $173.55M | $283.65M | $244.56M | $193.74M | -38.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $212.20M | $476.61M | $584.42M | $226.16M | — | -55.5% |
| Accounts receivable | $81.81M | $83.41M | $91.35M | $56.26M | — | -1.9% |
| Property, plant & equipment | $73.93M | $58.62M | $42.34M | $35.44M | — | +26.1% |
| Goodwill & intangibles | $225.53M | $198.01M | $175.04M | $163.28M | — | +13.9% |
| Total assets | $19.45B | $18.81B | $16.95B | $12.62B | — | +3.4% |
| Current debt | — | — | — | $30.00M | $300.00M | — |
| Long-term debt | $3.84B | $4.34B | $964.13M | $910.39M | — | -11.4% |
| Total debt | $3.84B | $4.34B | $964.13M | $910.39M | — | -11.4% |
| Total liabilities | $17.17B | $16.56B | $15.25B | $11.16B | — | +3.7% |
| Retained earnings | $1.49B | $1.33B | $1.06B | $832.87M | — | +11.7% |
| Shareholder equity | $2.28B | $2.24B | $1.70B | $1.46B | — | +1.7% |
| Net tangible assets | $2.06B | $2.05B | $1.53B | $1.30B | — | +0.5% |
| Shares issued | 45.89M | 45.77M | 43.24M | 43.11M | — | +0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $218.77M | $320.39M | $279.23M | $219.72M | -31.7% |
| Depreciation & amortisation | $3.46M | $3.01M | $2.85M | $2.48M | +15.0% |
| Change in working capital | -$220.55M | -$351.37M | -$70.00K | $398.56M | +37.2% |
| Operating cash flow | -$341.25M | -$835.28M | -$356.40M | $975.77M | +59.1% |
| Capital expenditure | -$35.42M | -$18.39M | -$7.53M | -$8.82M | -92.6% |
| Investing cash flow | -$195.67M | -$874.27M | -$3.26B | -$2.86B | +77.6% |
| Share buybacks | $0 | -$177.04M | $0 | -$3.94M | +100.0% |
| Dividends paid | -$59.42M | -$51.17M | -$48.51M | -$38.07M | -16.1% |
| Financing cash flow | $272.51M | $1.60B | $3.97B | $1.08B | -83.0% |
| Free cash flow | -$376.67M | -$853.67M | -$363.93M | $966.96M | +55.9% |
| End cash position | $212.20M | $476.61M | $584.42M | $226.16M | -55.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $181.04M | $174.06M | $184.28M | $169.81M | $178.06M | +4.0% |
| Operating revenue | $181.04M | $174.06M | $184.28M | $169.81M | $178.06M | +4.0% |
| Selling, general & admin | $45.24M | $46.97M | $50.41M | $53.53M | $50.72M | -3.7% |
| Pre-tax income | $99.78M | $84.31M | $73.88M | $64.58M | $48.84M | +18.4% |
| Tax provision | $21.48M | $16.57M | $6.04M | $9.88M | $10.85M | +29.6% |
| Net income | $78.30M | $67.73M | $67.85M | $54.70M | $37.98M | +15.6% |
| Net income to common | $68.04M | $57.47M | $58.80M | $44.44M | $27.71M | +18.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $314.70M | $83.22M | $212.20M | $598.04M | $647.16M | +278.2% |
| Accounts receivable | $82.08M | $77.33M | $81.81M | $82.44M | $82.39M | +6.1% |
| Property, plant & equipment | $74.66M | $73.69M | $73.93M | $75.15M | $71.05M | +1.3% |
| Goodwill & intangibles | $244.96M | $237.59M | $225.53M | $221.17M | $201.05M | +3.1% |
| Total assets | $21.23B | $20.32B | $19.45B | $19.35B | $19.14B | +4.5% |
| Long-term debt | $4.28B | $4.63B | $3.84B | $2.90B | $3.83B | -7.6% |
| Total debt | $4.28B | $4.63B | $3.84B | $2.90B | $3.83B | -7.6% |
| Total liabilities | $18.84B | $17.99B | $17.17B | $17.13B | $16.96B | +4.7% |
| Retained earnings | $1.60B | $1.54B | $1.49B | $1.43B | $1.39B | +4.1% |
| Shareholder equity | $2.39B | $2.33B | $2.28B | $2.23B | $2.18B | +2.7% |
| Net tangible assets | $2.15B | $2.09B | $2.06B | $2.00B | $1.98B | +2.7% |
| Shares issued | 45.94M | 45.94M | 45.89M | 45.89M | 45.89M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $78.30M | $67.73M | $67.85M | $54.70M | $37.98M | +15.6% |
| Depreciation & amortisation | $1.40M | $1.37M | $1.16M | $765.00K | $770.00K | +1.9% |
| Change in working capital | $56.64M | $190.30M | -$223.78M | -$6.47M | -$24.36M | -70.2% |
| Operating cash flow | $213.31M | -$597.32M | -$397.90M | $29.77M | -$121.15M | +135.7% |
| Capital expenditure | -$2.44M | -$1.27M | -$5.36M | -$18.64M | -$4.57M | -92.0% |
| Investing cash flow | -$768.94M | -$335.26M | $12.69M | -$181.13M | -$26.33M | -129.4% |
| Share buybacks | $0 | -$3.00M | $0 | $0 | $0 | +100.0% |
| Dividends paid | -$15.32M | -$15.32M | -$14.86M | -$14.85M | -$14.85M | 0.0% |
| Financing cash flow | $787.11M | $803.59M | -$620.00K | $102.23M | $273.35M | -2.1% |
| Free cash flow | $210.87M | -$598.60M | -$403.25M | $11.13M | -$125.72M | +135.2% |
| End cash position | $314.70M | $83.22M | $212.20M | $598.04M | $647.16M | +278.2% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
Consensus—
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders—
Held by institutions—
Institutions holding—
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
20.01
-0.47% from price
SMA 20
20.06
-0.72% from price
SMA 50
20.10
-0.89% from price
SMA 100
20.27
-1.73% from price
SMA 200
19.97
-0.26% from price
EMA 12
20.03
-0.53% from price
EMA 26
20.07
-0.73% from price
EMA 50
20.13
-1.04% from price
RSI (14)
42.9
Neutral
MACD (12,26,9)
-0.04
Hist -0.00
ATR (14)
0.18
0.90% of price
Realised vol 30D
7.0%
Annualised
Bollinger upper
20.24
20, 2σ
Bollinger lower
19.89
20, 2σ
50 / 200 cross
Golden
20.10 vs 19.97
Trend bias
Below 200
-0.26%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.29
Less volatile than market
Correlation to SPY
0.23
Largely independent
Realised vol 30D
7.0%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-14.8%
Peak to trough
Max drawdown 5Y
-40.7%
Peak to trough
ATR 14
0.18
0.90% of price
Beta (reported)
—
5Y monthly, from filing
Headlines
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
PR Newswire · 2d ago
3 Unpopular Stocks We’re Skeptical Of
StockStory · 5d ago
3 Small-Cap Stocks Walking a Fine Line
StockStory · 13d ago
Merchants Bancorp (MBIN) Is Up 15.71% in One Week: What You Should Know
Zacks · 16d ago
Community Bank Earnings Expose Diverging Multifamily Risks
CRE Daily · 17d ago
Earnings Estimates Rising for Merchants Bancorp (MBIN): Will It Gain?
Zacks · 19d ago
Merchants Bancorp Insider Sold Shares Worth $496,800, According to a Recent SEC Filing
MT Newswires · 22d ago
Merchants Bancorp (MBIN) Beat Expectations, Is The Stock Still Undervalued?
Simply Wall St. · 25d ago
PRIVATE STRATEGY · BY QUALIFICATION
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