MBIN · Merchants Bancorp
$48.77
+0.40 (+0.83%)
At close · Jul 28
Market Cap
$2.24B
Shares
45.94M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$48.77
Open$48.67
Day$47.98–49.41
52W$28.45–51.47
Avg vol 30d190K
Short int1.6M · 3.4% float · 11.9d
Short vol88%
Last earningsJul 28, 2026
DataJan 2020–Jul 2026
Filing10-Q · May 7
Up next
Next earnings call
Oct 27, 2026
Est · unconfirmed
· in 13 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed May 7, 2026
Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Buy
Momentum
Strong
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Moderate
Market backdrop
VIX 18.2 · elevated
Equity put/call 0.71
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+18%
above
Price vs 50-day avg
+1%
above
RSI (14)
52
neutral
MACD trend
Negative
52-week position
88%
near high
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−3%
trailing
6-month return
+17%
trailing
YTD return
+44%
this year
Relative strength
+9%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $48 › 200d $41 — 50d above 200d
Institutional flow
Distributing
33 of 178 funds reported for Jun 30 · net -185.3K sh shares · +5 new
Insider flow
Distributing
Net -$1.8M over 90 days · 100% sells
Short interest
Falling
3.41% of float · ▼ -1.2% MoM · 11.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
178 holders — near 3-yr high, broad support
Squeeze score
77
high risk · 0–100
Fundamentals
EPS growth
−40%
Y/Y
Free cash flow
$-362.2M
Valuation
P/E 11.9
below peers
Buyback
$100.0M
authorized
Balance sheet
$44.7M
net cash
Quant / Vol
risk profile
Volatility
36%
annualized · 1-yr
Max drawdown
−17%
past year
ATR
3.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+18%
Bullish
Price vs 50-day avg
+1%
Bullish
RSI (14)
52
Neutral
MACD trend
Negative
Bearish
52-week position
88%
Bullish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $48 › 200d $41 — 50d above 200d
Institutional flow
Distributing
33 of 178 funds reported for Jun 30 · net -185.3K sh shares · +5 new
Insider flow
Distributing
Net -$1.8M over 90 days · 100% sells
Short interest
Falling
3.41% of float · ▼ -1.2% MoM · 11.9 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
178 holders — near 3-yr high, broad support
Price context
position in its 52-week range
52-wk low $28
Now $49 · 88%
52-wk high $51
vs 200-day avg +18%
vs 50-day avg +1%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from its earnings releases, calls, and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Allowance for credit losses on loans | $75.8M | Q2 2026 | — |
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| Brokered deposits | $1.3B | Q2 2026 | — |
| Core deposits as a percent of total deposits | 91% | Q2 2026 | — |
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| Criticized loans receivable | $444.7M | Q2 2026 | — |
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| Interest rate spread | 2.43% | Q2 2026 | — |
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| Loans protected by credit default swaps | $2.2B | Q2 2026 | — |
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| Net interest margin | 2.81% | Q2 2026 | — |
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| Nonperforming loans | $205.6M | Q2 2026 | — |
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| Nonperforming loans as a percentage of loans receivable | 1.67% | Q2 2026 | — |
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| Tangible book value per common share | $39.93 | Q2 2026 | — |
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| Total capital ratio | 12.5% | Q2 2026 | — |
| Unused borrowing capacity | $5.5B | Q2 2026 | — |
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| Total delinquent loans | $242.5M | First quarter 2026 | — |
| Average balances on loans and loans held for sale | $15.4B | Q4 2025 | — |
| Average yields on loans and loans held for sale | 6.66% | Q4 2025 | — |
| Core deposits | $11.3B | Q4 2025 | — |
| Total brokered deposits | $1.8B | Q4 2025 | — |
| Total loan delinquencies | $206.8M | Q4 2025 | — |
Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file
Versus peers
Banks - Regional — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MBIN
this stock
Merchants Bancorp
|
$2.24B | +43.9% | — | 11.9 | 3.4% |
|
MFG
Mizuho Financial Group Inc
|
$128.77B | +44.4% | — | — | 0.1% |
|
HDB
Hdfc Bank Ltd
|
$121.08B | -35.5% | +15.2% | — | 0.4% |
|
IBN
Icici Bank Ltd
|
$107.20B | +0.3% | — | — | 0.6% |
|
PNC
Pnc Financial Services Group, Inc.
|
$101.03B | +21.5% | +7.2% | 14.6 | 1.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MBIN | -0.4% | -3.2% | +16.5% | -2.5% | +43.9% |
| SPY | -1.0% | 0.0% | +7.4% | -0.8% | +8.6% |
| vs SPY | +0.6% | -3.1% | +9.1% | -1.7% | +35.2% |
Capital returns
Latest dividend
$0.11
/ share · ex Jun 15, 2026
Paid (TTM)
$0.42
/ share · 4 payouts
Dividend yield (TTM, derived)
0.86%
Buyback program
· as of Jan 28, 2026
Authorized
$100.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1629019
CUSIP
58844R108
13F (30d)
33 filings
33 filers
Visit website
Investor relations