Friday 6 November 2026 Export MBIN’s income statement to Excel — free account

Merchants Bancorp

MBIN Financial Banks Regional

Merchants Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 5.90% from fiscal 2024.

Revenue: +13.7%
EPS: +136.0%
Free cash flow: +267.7%
Total debt: +3.96%

Quarter to September 2026, against a year earlier

Dividend growth 5 yrs

51.76 0.38 −0.73%

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Market cap: $2.4B
P/E: 8.3×
Fwd P/E: 8.4×
Dividend yield: 0.82%
F-score: 3/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview

Merchants Bancorp (MBIN) P/E ratio

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As of 5 November 2026, Merchants Bancorp (MBIN) trades at a P/E ratio of 8.3×. Over the past ten years it has ranged from 4.1× (September 2020) to 22.1× (October 2017); the current reading is higher than 68% of that period. That is below the Banks Regional industry median of 12.0× and below the Financial sector median of 12.2×.

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<iframe src="https://stockrow.com/embed/MBIN/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Merchants Bancorp P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MBIN/metrics/pe-ratio">Merchants Bancorp (MBIN) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	9.0×	56.64%
FY2024	5.8×	(21.91%)
FY2023	7.4×	37.13%
FY2022	5.4×	(9.13%)
FY2021	5.9×	23.67%
FY2020	4.8×	(42.52%)
FY2019	8.3×	(13.35%)
FY2018	9.6×	11.13%
FY2017	8.6×	(60.98%)
FY2016	22.1×	0.00%

Period	P/E ratio	Change
Sep 2026	7.8×	(22.59%)
Jun 2026	10.0×	(4.07%)
Mar 2026	10.5×	16.15%
Dec 2025	9.0×	23.54%
36 more quarters	Free account

Against its own ten years

Low 4.1× High 22.1×

Ten-year median 6.7×

Current reading's percentile 68

Company	P/E ratio
BBAR BBVA Banco Frances S.A. compare	7.9×
MBIN Merchants Bancorp	8.3×
WAFD WaFd, Inc. compare	9.2×
OFG OFG Bancorp compare	9.6×
NWBI Northwest Bancshares, Inc. compare	11.1×
BUSE First Busey Corporation compare	11.7×
BANR Banner Corporation compare	11.8×
EFSC Enterprise Financial Services Corporation compare	12.4×
SYBT Stock Yards Bancorp, Inc. compare	15.2×
Banks Regional industry median	12.0×
Financial sector median	12.2×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Merchants Bancorp (MBIN) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on MBIN

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on MBIN

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