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MBINM · Merchants Bancorp

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$25.28 +0.03 (+0.12%) At close · Nov 6
S&P 600 member Russell 2000 member Rebalance outlook locked
Market Cap
$2.40B
Shares
45.94M
Volume · Nov 6 11.38K Avg daily vol (3M) 8236

Price & Indicators

Drag to pan · scroll to zoom
Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$25.28 Open$24.81 Day$24.81–25.42 52W close$24.09–25.86 Avg vol 30d10K Short int11K · 0.0% of shares · 1.0d Short vol67% Last earningsOct 28, 2026 DataSep 2022–Nov 2026 Filing10-Q · Nov 6

Up next

Next earnings call
Jan 28, 2027 Est · unconfirmed · in 12 wks

Latest documents

2026
Nov 6
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Third-quarter net income jumps 92%

Merchants Bancorp reported third-quarter net income of $105.2 million, up 92%, as total assets reached $20.9 billion and net loans grew 11% to $12.2 billion. It also acquired The Loan Exchange on September 14, 2026 for $13.9 million.

Net income $105.18M ▲ 92.3% Diluted EPS $2.06 ▲ 112.4%
Read from the MD&A section
5 source passages
The words “the Company,” “we,” “our” and “us” refer to Merchants Bancorp and its consolidated subsidiaries, unless we indicate otherwise. Net income of $105.2 million increased $50.5 million, or 92%, compared to the three months ended September 30, 2025. Total assets of $20.9 billion increased $1.4 billion, or 7%, from December 31, 2025. Loans receivable, net of allowance for credit losses, totaled $12.2 billion, increasing $1.2 billion, or 11%, from December 31, 2025. On September 14, 2026, the Company acquired The Loan Exchange for total consideration of $13.9 million, resulting in the recognition of approximately $11.1 million of goodwill. Open the document at this passage
Oct 28
Current report 8-K
Financial results

Merchants Bancorp reported third-quarter 2026 net income of $105.2 million, up 92% from the third quarter of 2025, and diluted earnings per common share of $2.06. Tangible book value per common share reached a record $41.64.

Read from the first part of this long document
Aug 20
Current report 8-K
Other events AI summary on its way
Aug 7
Quarterly report 10-Q FY2026 Q2, ended Jun 30
Quarterly report for FY2026 Q2 AI summary on its way
Net income $78.3M ▲ 106.2% Diluted EPS $1.48 ▲ 146.7%
All documents

Quarterly results

Revenue Net income Net loss
▲22% $193.77M $95.67M '24 Q4* ▼13.1% $145.89M $58.24M '25 Q1 ▲12.4% $179.20M $37.98M '25 Q2 ▲14.4% $171.07M $54.70M '25 Q3 ▼4.4% $185.29M $67.85M '25 Q4* ▲20.1% $175.25M $67.73M '26 Q1 ▲1.7% $182.22M $78.30M '26 Q2 LATEST ▲31.5% $224.94M $105.18M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

Technicals

trend & momentum for long-term holders illustrative — not investment advice
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $25 › 200d $25 — 200d above 50d
Institutional flow Accumulating
89 of 192 funds reported for Sep 30 · net +131.5K sh shares · +7 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
0.02% of shares out · ▲ +936.0% MoM · 1.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
192 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $24 Now $25 · 67% Range high $26
vs 200-day avg 0% vs 50-day avg 0%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Efficiency ratio 40.2% the three months ended June 30, 2026 filing —
Interest rate spread 2.43% the three months ended June 30, 2026 filing —
Liquidity 13B the three months ended June 30, 2026 filing —
Net interest margin 2.81% the three months ended June 30, 2026 filing —
Tangible book value per common share non-GAAP $39.93 the three months ended June 30, 2026 filing —
Total capital ratio 12.5% three months ended June 30, 2026 filing —
Total volume of loans originated and acquired through Multi-family business 1.5B the three months ended June 30, 2026 filing —
Volume of loans funded 22.9B three months ended June 30, 2026 filing —
Volume of warehouse loans funded 22.9B the three months ended June 30, 2026 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Banks - Regional — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
MBINM
Merchants Bancorp
this stock
$2.40B -0.4% — — —
HDB
Hdfc Bank Ltd
 $127.06B -31.2% -3.2% — 0.8%
IBN
Icici Bank Ltd
 $116.80B +13.7% — — 0.6%
MFG
Mizuho Financial Group Inc
 $113.36B +28.4% — — 0.0%
CIXPF
CaixaBank
 $96.48B +14.0% — — 0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
198
% held
98.7%
Reported
89 of 192
Top holder
Elser Financial Planning,…
Held Float
View
Held by Funds
Fund positions
7
View
Short & Settlement
Short Interest Rising
Shares short
10.7K
Days to cover
1.0d
Change
+9.7K sh
View
Short Volume
Short vol %
67%
As of
Nov 6, 2026
Short Total
View
Fails to Deliver
FTD shares
224
Value
$11.7K
As of
Sep 25, 2026
View
Off-Exchange
Off-exchange %
44.9%
Week of
Sep 28, 2026
Off-exch Lit
View
Financials
Financials
Net income (FY)
$218.8M
EPS diluted
$3.78
View
Buybacks
Authorized
$100.0M
View
Filings
SEC Filings
Latest
10-Q
Filed
Nov 6, 2026
This year
14

Merchants Bancorp reported third-quarter net income of $105.2 million, up 92%, as total assets reached $20.9 billion and net loans grew 11% to $12.2 billion. It also acquired The Loan Exchange on September 14, 2026 for $13.9 million.

View
Proposed Sales
Value
$613.7K
Shares
11.1K
Filed
Jul 30, 2026
View
Exempt Offerings
Offering
$46.2M
Filed
May 14, 2021
View
Earnings & Events
Webcasts
Last webcast
Oct 28, 2026
View
Investor Relations
Latest news
Merchants Bancorp Reports Third Q…
Published
Oct 28, 2026
View

Performance

5D 20D 120D MTD YTD
MBINM +0.4% +0.8% -1.2% +0.4% -0.4%
SPY -2.7% -5.6% -0.5% -2.7% +7.8%
vs SPY +3.1% +6.4% -0.7% +3.1% -8.2%

Capital returns

Latest dividend
$0.516 / share · ex Sep 15, 2026
Cut 4.3%
Paid (TTM)
$2.064 / share · 4 payouts
Dividend yield (TTM, derived)
8.16%
Full dividend history
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) 2 filings 2 filers Visit website Investor relations