Merchants Bancorp

Merchants Bancorp

MBINยทNASDAQ

$45.56

-1.6%
Financial ServicesBanks - Regional

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. This segment also offers customized loan products for independent living, assisted living, memory care, and skilled nursing projects; and operates as a syndicator of low-income housing tax credit and debt funds. The Mortgage Warehousing segment funds agency eligible residential loans, including origination, purchase, and sale in the secondary market, 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, such as various types of deposit products, as well as multi-family construction and bridge, commercial real estate, commercial and industrial, agricultural, residential mortgage, and consumer loan products. This segment also provides single-family mortgage lending; construction, bridge, and lot financing; first-lien home equity lines of credit; and small business administration lending products and services. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

At a Glance

Live Snapshot
Market Cap$2.09B
EPS3.7800
P/E Ratio12.05
Earnings Date07/27/2026
Merchants Bancorp

Merchants Bancorp Fair Value Envelope

MBIN ยท NASDAQ

Our analysis suggests that MBIN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $45.56, this represents a potential HIDDEN relative to our calculated worth for Merchants Bancorp.

Intrinsic Value
Current Price: $45.56

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$43.4B
+ Cash & Equivalents$15.8M
Firm Value-$43.3B
- Debt$3.8B
Equity Value-$47.2B
/ Shares Outstanding45,885,500B
DCF Value-$1.0K
OVERVALUED BY 2357%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$531.9M
-$829.1M
-$1.3B
-$2.0B
-$3.1B
-$4.9B
-$7.6B
-$11.9B
-$18.5B
-$28.9B
Maintenance CapEx
-$11.0M
-$17.2M
-$26.8M
-$41.8M
-$65.2M
-$101.6M
-$158.4M
-$246.9M
-$384.9M
-$599.9M
Owner Earnings
-$543.0M
-$846.4M
-$1.3B
-$2.1B
-$3.2B
-$5.0B
-$7.8B
-$12.1B
-$18.9B
-$29.5B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$502.7M
-$725.6M
-$1.0B
-$1.5B
-$2.2B
-$3.1B
-$4.5B
-$6.6B
-$9.5B
-$13.7B
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.