Merchants Bancorp
Financials
Valuation Metrics
Merchants Bancorp's Market Cap is $2.39B. At end of 2025 it was $1.56B. Ranked #1907 of 3,121 in US market (top 61%), #714 of 1,463 on NASDAQ (top 49%), #125 of 248 in Banks (top 50%) by Market Cap.
Investment Metrics(as of 2026-09-18)
| Metric | Value | Rank |
|---|---|---|
| Size | ||
| Market Cap | $2.39B | US#1,907/3,121 Sec#125/248 |
| Revenue | $714M | US#2,090/3,121 Sec#101/248 |
| Net Income | $269M | US#1,156/3,121 Sec#102/248 |
| Total Assets | $21.23B | US#599/3,121 Sec#106/248 |
| Net Assets | $2.39B | US#1,125/3,121 Sec#108/248 |
| Employees | 735 | US#2,114/3,121 Sec#155/248 |
| Value | ||
| P/E | 8.91x | US#247/3,121 Sec#18/248 |
| P/B | 1.00x | US#375/3,121 Sec#29/248 |
| PEG | 1.46x | US#967/3,121 Sec#136/248 |
| P/S | 3.35x | US#1,847/3,121 Sec#88/248 |
| EV/EBITDA | 20.43x | US#1,905/3,121 Sec#192/248 |
| FCF Yield | -23.80% | US—/3,121 Sec—/248 |
| Profitability | ||
| ROE | 11.22% | US#1,241/3,121 Sec#100/248 |
| ROA | 1.27% | US#1,864/3,121 Sec#100/248 |
| Op. Margin | 38.79% | US#307/3,121 Sec#83/248 |
| Revenue Growth | 6.79% | US#1,614/3,121 Sec#144/248 |
| Earnings Growth | 6.09% | US#1,174/3,121 Sec#150/248 |
| Financial Health | ||
| Debt Ratio | 786.87% | US#2,613/3,121 Sec#122/248 |
| Total Debt | $4.28B | US#764/3,121 Sec#67/248 |
| FCF | $-569M | US#2,922/3,121 Sec#235/248 |
| Cash | $18M | US#2,891/3,121 Sec#229/248 |
| Current Ratio | 0.02x | US#2,994/3,121 Sec#208/248 |
| Net Debt/EBITDA | 13.09x | US#2,416/3,121 Sec#224/248 |
| Dividend | ||
| Div. Yield | 2.52% | US#773/3,121 Sec#115/248 |
| Div. Growth | 13.55% | US#380/3,121 Sec#64/248 |
| Performance | ||
| 1Y Return | 58.22% | US#405/3,121 Sec#9/248 |
| 1M Return | -2.67% | US#1,679/3,121 Sec#172/248 |
| From 52W High | -8.44% | US#624/3,121 Sec#151/248 |
| 1Y MDD | -15.61% | US#376/3,121 Sec#128/248 |
| Trading | ||
| Volume | 1,023,913 shares | US#2,690/3,121 Sec#153/248 |
| Trading Value | $53M | US#2,379/3,121 Sec#143/248 |
| Per Share | ||
| EPS | $5.85 | US#577/3,121 Sec#56/248 |
| BPS | $52.11 | US#409/3,121 Sec#59/248 |
Company Info
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.