MBINL
Financial ServicesMerchants Bancorp · Banks - Regional · $1B
What is Merchants Bancorp?
Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana, operating across multi-family mortgage banking, mortgage warehousing, and traditional banking services.
Merchants Bancorp generates revenue through three core segments. Its multi-family mortgage banking arm originates and services government-sponsored mortgages and construction loans for rental housing and healthcare facilities. The mortgage warehousing segment funds agency-eligible residential and commercial loans for non-depository lenders. Its banking segment serves consumers and businesses through retail, commercial, agricultural, and SBA lending.
The company was founded in 1990 and remains based in Carmel, Indiana.
- Multi-family and healthcare facility mortgage origination
- Mortgage warehouse lending for non-depository institutions
- Retail and commercial banking services
- Tax credit equity syndication
Is MBINL a Good Stock to Buy?
UQS Score rates MBINL as Below Average overall.
Valuation stands out as the most favorable pillar, suggesting the market may not be pricing in a premium for this stock. Quality and Growth register as Neutral, indicating neither a clear advantage nor a significant drag in those areas.
Both the Moat and Risk pillars are rated Weak, pointing to limited competitive differentiation and meaningful risk factors that investors should weigh carefully.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MBINL pay dividends?
Yes — Merchants Bancorp pays a dividend.
MBINL pays a regular dividend, which may appeal to income-oriented investors. As a bank holding company, returning capital to shareholders through dividends is consistent with its business model and sector norms.
When does MBINL report earnings?
Merchants Bancorp reports earnings on a quarterly cadence, typical for US-listed financial institutions.
The company's Neutral Quality and Growth pillar ratings suggest performance has been steady rather than exceptional. Investors should review segment-level results across mortgage banking, warehousing, and traditional banking for a complete picture.
For the most recent quarter's results, visit Merchants Bancorp's investor relations page directly.
MBINL Price History
+5.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Merchants Bancorp?
Based on Merchants Bancorp's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
Frequently Asked Questions
What does Merchants Bancorp do?
Merchants Bancorp is a bank holding company operating through three segments: multi-family mortgage banking, mortgage warehousing, and general banking. It originates government-sponsored mortgages, funds loans for non-depository lenders, and provides retail and commercial banking services from its Carmel, Indiana headquarters.
Does MBINL pay dividends?
Yes, Merchants Bancorp pays a regular dividend. This is consistent with its profile as a bank holding company. Investors seeking income should verify the current dividend rate and payment schedule through the company's investor relations page.
When does MBINL report earnings?
Merchants Bancorp follows a standard quarterly earnings cadence. Specific upcoming dates are not covered by our data source, so check the company's investor relations page or a financial calendar for confirmed reporting dates.
Is MBINL a good stock to buy?
UQS Score rates MBINL as Below Average. Its Valuation pillar is Attractive, but Moat and Risk are both Weak. Whether it fits your portfolio depends on your risk tolerance and investment goals. The full pillar analysis is available to Pro members.
Is MBINL overvalued?
Based on the UQS Valuation pillar, MBINL is rated Attractive, suggesting it does not appear overpriced relative to its fundamentals. However, valuation alone does not determine investment merit — the Weak Moat and Risk ratings are important context.
What is MBINL's market cap bracket?
Merchants Bancorp falls in the small-cap category. Small-cap bank holding companies can offer growth potential but often carry higher volatility and liquidity risk compared to larger financial institutions.
Is MBINL a long-term quality indicator?
The UQS framework evaluates long-term quality through five pillars. MBINL's Weak Moat and Risk ratings suggest limited structural advantages and elevated uncertainty over a long horizon. Pro members can access the complete quality breakdown to assess long-term fit.
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Pro Analysis
MBINL — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 33.8 | 41.7 | 20.0 | 36.9 | 0.0 | 73.3 | -1.3 |
| May 14, 2026 | 35.1 | 41.6 | 20.0 | 43.4 | 0.0 | 73.3 | -0.1 |
| May 12, 2026 | 35.2 | 41.6 | 20.0 | 43.4 | 0.0 | 74.2 | -6.2 |
| May 7, 2026 | 41.4 | 51.7 | 20.0 | 43.4 | 6.8 | 91.7 | 0.0 |
| Apr 26, 2026 | 41.4 | 51.7 | 20.0 | 43.4 | 6.8 | 91.6 | 0.0 |
| Apr 19, 2026 | 41.4 | 51.7 | 20.0 | 43.4 | 6.8 | 91.8 | 0.0 |
| Apr 18, 2026 | 41.4 | 51.6 | 20.0 | 43.4 | 6.8 | 91.9 | -1.2 |
| Apr 14, 2026 | 42.6 | 51.6 | 20.0 | 43.4 | 6.8 | 100.0 | -7.5 |
| Apr 13, 2026 | 50.1 | 51.6 | 50.0 | 43.4 | 6.8 | 100.0 | +7.5 |
| Apr 11, 2026 | 42.6 | 51.6 | 20.0 | 43.4 | 6.8 | 100.0 | 0.0 |
MBINL — Pillar Breakdown
Quality
— 41.7/100 (25%)Merchants Bancorp has average quality metrics, with room for improvement in margins or capital efficiency.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 36.9/100 (20%)Merchants Bancorp shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 0.0/100 (15%)Merchants Bancorp presents elevated risk with concerns around leverage or financial stability.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 73.3/100 (15%)Merchants Bancorp trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)Merchants Bancorp operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MBINL.
Score Composition
Financial Data
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How is the MBINL UQS Score Calculated?
The UQS (Unified Quality Score) for Merchants Bancorp is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Merchants Bancorp's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Merchants Bancorp is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.