Merchants Bancorp
Financials
Valuation Metrics
Merchants Bancorp's Market Cap is $2.42B. At end of 2025 it was $1.56B. Ranked #1864 of 3,116 in US market (top 60%), #679 of 1,472 on NASDAQ (top 46%), #120 of 245 in Banks (top 49%) by Market Cap.
Investment Metrics(as of 2026-11-02)
| Metric | Value | Rank |
|---|---|---|
| Size | ||
| Market Cap | $2.42B | US#1,864/3,116 Sec#120/245 |
| Revenue | $824M | US#1,971/3,116 Sec#86/245 |
| Net Income | $269M | US#1,151/3,116 Sec#101/245 |
| Total Assets | $21.23B | US#597/3,116 Sec#105/245 |
| Net Assets | $2.39B | US#1,117/3,116 Sec#107/245 |
| Employees | 735 | US#2,104/3,116 Sec#154/245 |
| Value | ||
| P/E | 9.01x | US#247/3,116 Sec#23/245 |
| P/B | 1.01x | US#389/3,116 Sec#33/245 |
| PEG | 1.48x | US#943/3,116 Sec#126/245 |
| P/S | 2.94x | US#1,653/3,116 Sec#45/245 |
| EV/EBITDA | 20.52x | US#1,908/3,116 Sec#195/245 |
| FCF Yield | -23.51% | US—/3,116 Sec—/245 |
| Profitability | ||
| ROE | 11.22% | US#1,236/3,116 Sec#100/245 |
| ROA | 1.27% | US#1,856/3,116 Sec#100/245 |
| Op. Margin | 33.58% | US#426/3,116 Sec#124/245 |
| Revenue Growth | 23.70% | US#567/3,116 Sec#39/245 |
| Earnings Growth | 6.09% | US#1,153/3,116 Sec#139/245 |
| Financial Health | ||
| Debt Ratio | 786.87% | US#2,596/3,116 Sec#120/245 |
| Total Debt | $4.28B | US#753/3,116 Sec#66/245 |
| FCF | $-569M | US#2,918/3,116 Sec#237/245 |
| Cash | $18M | US#2,878/3,116 Sec#228/245 |
| Current Ratio | 0.02x | US#2,984/3,116 Sec#208/245 |
| Net Debt/EBITDA | 13.09x | US#2,414/3,116 Sec#225/245 |
| Dividend | ||
| Div. Yield | 2.49% | US#759/3,116 Sec#121/245 |
| Div. Growth | 13.55% | US#378/3,116 Sec#64/245 |
| Performance | ||
| 1Y Return | 69.46% | US#366/3,116 Sec#10/245 |
| 1M Return | 5.53% | US#1,305/3,116 Sec#85/245 |
| From 52W High | -7.31% | US#744/3,116 Sec#130/245 |
| 1Y MDD | -15.61% | US#320/3,116 Sec#119/245 |
| Trading | ||
| Volume | 152,173 shares | US#2,485/3,116 Sec#126/245 |
| Trading Value | $8M | US#2,103/3,116 Sec#119/245 |
| Per Share | ||
| EPS | $5.85 | US#575/3,116 Sec#54/245 |
| BPS | $52.11 | US#411/3,116 Sec#58/245 |
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.