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Saturday 17 October 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. In the quarter to June 2026, revenue fell 4.26%, EPS grew 146.7%, free cash flow grew 267.7% and total debt rose 6.81%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

48.77 0.18 −0.37%
Market cap
$2.3B
P/E
9.8×
Fwd P/E
9.1×
Dividend yield
0.88%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Merchants Bancorp (MBIN) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Merchants Bancorp (MBIN) trades at a P/E ratio of 9.8×. Over the past ten years it has ranged from 4.1× (September 2020) to 22.1× (October 2017); the current reading is higher than 82% of that period. That is below the Banks Regional industry median of 12.0× and below the Financial sector median of 12.4×.

P/E ratio, daily

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Annual newest first

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%

Quarterly newest first

Period P/E ratio Change
Jun 2026 10.0× (4.07%)
Mar 2026 10.5× 16.15%
Dec 2025 9.0× 23.54%
Sep 2025 7.3× 0.57%
35 more quarters

Against its own ten years

Low 4.1× High 22.1×
Ten-year median 6.7×
Current reading's percentile 82

P/E ratio against peers

Company P/E ratio
WAFD WaFd, Inc. compare 9.1×
MBIN Merchants Bancorp 9.8×
OFG OFG Bancorp compare 10.3×
EFSC Enterprise Financial Services Corporation compare 11.8×
BUSE First Busey Corporation compare 12.2×
SRCE 1st Source Corporation compare 12.3×
NWBI Northwest Bancshares, Inc. compare 14.2×
BBT Beacon Financial Corporation compare 15.1×
SYBT Stock Yards Bancorp, Inc. compare 15.2×
Banks Regional industry median 12.0×
Financial sector median 12.4×
Market median 18.1×

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 →

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