Merchants Bancorp - Common Stock (MBIN)
Financial Services › State Commercial Banks
Price History
Feb 9, 2026 — Mar 31, 2026Investment Snapshot
- Trading 41% below Graham Number ($71.80) — significant margin of safety
- Piotroski F-Score 1/9 — signs of financial weakness
- ROE of 9.3% — below-average profitability
- Dividend yield of 3.7%
Merchants Bancorp - Common Stock (MBIN) is a Financial Services company operating in State Commercial Banks, listed on the NASDAQ , with a market capitalisation of $2.0 billion . Key value metrics: P/E ratio 9.2, P/B ratio 0.86, Piotroski F-Score 1 out of 9 .
Value Score
Key Metrics
Current vs 5-Year Average
Based on 5 years of SEC filingsRevenue & Net Income
Financial Statements
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | $X.XB | $X.XB | $X.XB |
| Gross Profit | $X.XB | $X.XB | $X.XB |
| Operating Income | $X.XB | $X.XB | $X.XB |
| Net Income | $X.XB | $X.XB | $X.XB |
| EBITDA | $X.XB | $X.XB | $X.XB |
| Total Assets | $X.XB | $X.XB | $X.XB |
| Total Liabilities | $X.XB | $X.XB | $X.XB |
Merchants Bancorp - Common Stock — Fundamental Analysis Summary
Merchants Bancorp - Common Stock (MBIN) is trading 41% below its Graham Number of $71.80 — a significant margin of safety by Benjamin Graham's standard. The stock carries a low trailing P/E ratio of 9.2x.
On financial health, MBIN shows a weak Piotroski F-Score of 1/9, a signal of deteriorating financial health, and modest return on equity of 9.3% (sector average: 5.8%), and elevated leverage with a debt-to-equity ratio of 1.66.
StockPik's composite Value Score for MBIN is 73/100 — placing it in undervalued territory. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.
MBIN shows earnings declining at 32%.
MBIN pays a solid dividend yield of 3.7%.