Financial Services -
Banks - Regional - NASDAQ - US
$ 38.67
2.03 %
$ 1.77 B
Market Cap
6.32
P/E
1. INTRINSIC VALUE
Balance Sheet
Merchants Bancorp
| Current Assets | 584 M |
| Cash & Short-Term Investments | 584 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 16.4 B |
| Long-Term Investments | 2.43 B |
| PP&E | 52.4 M |
| Other Non-Current Assets | 13.9 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 15.3 B |
| Long-Term Debt | 154 M |
| Other Non-Current Liabilities | 15.1 B |
EFFICIENCY
Earnings Waterfall
Merchants Bancorp
| Revenue | 523 M |
| Cost Of Revenue | 0 |
| Gross Profit | 523 M |
| Operating Expenses | 559 M |
| Operating Income | 348 M |
| Other Expenses | 68.7 M |
| Net Income | 279 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Merchants Bancorp
| Net Income | 279 M |
| Depreciation & Amortization | 2.85 M |
| Capital Expenditures | -7.53 M |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -70 K |
| Others | -636 M |
| Free Cash Flow | -364 M |
Wall Street Analysts Price Targets
Merchants Bancorp
Wall Street analysts predict an average 1-year price target for MBIN of $54 , with forecasts ranging from
a
low of
$54 to a high of $54 .
MBIN Lowest Price Target
Wall Street Target
54 USD
39.64%
MBIN Average Price Target
Wall Street Target
54 USD
39.64%
MBIN Highest Price Target
Wall Street Target
54 USD
39.64%
4. DIVIDEND
ANALYSIS
0.58%
DIVIDEND YIELD
0.09 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Merchants Bancorp
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
6.65 M USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
1.16 M USD 4
0-3 MONTHS
470 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 month ago
Nov 21, 2024
|
Bought
106 K USD
|
Dury Michael R.
CEO of Merchants Capital
|
+ 2700
|
39.21 USD |
|
2 months ago
Nov 18, 2024
|
Bought
1 M USD
|
O'Brien Patrick D.
Director
|
+ 40000
|
25 USD |
|
2 months ago
Nov 18, 2024
|
Bought
2.5 K USD
|
Catchings Tamika
Director
|
+ 100
|
25 USD |
|
2 months ago
Nov 18, 2024
|
Bought
50 K USD
|
Shane David N.
Director
|
+ 2000
|
25 USD |
|
4 months ago
Aug 27, 2024
|
Sell 1 M
USD
|
Petrie Michael F.
Chairman and CEO
|
- 22050
|
45.34 USD |
|
4 months ago
Aug 23, 2024
|
Sell 1.12 M
USD
|
Rogers Randall D.
Vice Chairman
|
- 25000
|
45 USD |
|
4 months ago
Aug 23, 2024
|
Sell 1.15 M
USD
|
Rogers Randall D.
Vice Chairman
|
- 25000
|
46 USD |
|
4 months ago
Aug 23, 2024
|
Sell 2.28 M
USD
|
Rogers Randall D.
Vice Chairman
|
- 50000
|
45.5 USD |
|
4 months ago
Aug 22, 2024
|
Sell 1.1 M
USD
|
Rogers Randall D.
Vice Chairman
|
- 25000
|
44 USD |
|
5 months ago
Aug 05, 2024
|
Bought
74.3 K USD
|
Dury Michael R.
CEO of Merchants Capital
|
+ 1900
|
39.11 USD |
|
5 months ago
Aug 05, 2024
|
Bought
127 K USD
|
Dury Michael R.
CEO of Merchants Capital
|
+ 3300
|
38.48 USD |
|
5 months ago
Jul 31, 2024
|
Bought
198 K USD
|
Dury Michael R.
CEO of Merchants Capital
|
+ 4400
|
45.04 USD |
|
5 months ago
Jul 31, 2024
|
Bought
70.8 K USD
|
Dury Michael R.
CEO of Merchants Capital
|
+ 1600
|
44.23 USD |
|
1 year ago
Nov 14, 2023
|
Sell 1.93 M
USD
|
Rogers Randall D.
Vice Chairman
|
- 60000
|
32.18 USD |
|
1 year ago
Nov 14, 2023
|
Sell 1.86 M
USD
|
Rogers Randall D.
Vice Chairman
|
- 57894
|
32.17 USD |
|
1 year ago
Nov 06, 2023
|
Sell 451 K
USD
|
Rogers Randall D.
Vice Chairman
|
- 14212
|
31.75 USD |
|
1 year ago
Nov 06, 2023
|
Sell 172 K
USD
|
Rogers Randall D.
Vice Chairman
|
- 5404
|
31.75 USD |
|
1 year ago
Nov 02, 2023
|
Bought
256 K USD
|
Dury Michael R.
CEO of Merchants Capital
|
+ 14000
|
18.26 USD |
|
1 year ago
Nov 01, 2023
|
Sell 608 K
USD
|
Petrie Michael F.
Chairman and CEO
|
- 20064
|
30.3 USD |
|
1 year ago
Nov 02, 2023
|
Sell 12.5 K
USD
|
Rogers Randall D.
Vice Chairman
|
- 397
|
31.5 USD |
|
1 year ago
Nov 03, 2023
|
Sell 814 K
USD
|
Rogers Randall D.
Vice Chairman
|
- 25788
|
31.56 USD |
|
1 year ago
Nov 03, 2023
|
Sell 1.2 M
USD
|
Rogers Randall D.
Vice Chairman
|
- 38062
|
31.64 USD |
|
1 year ago
Nov 03, 2023
|
Sell 1.27 M
USD
|
Rogers Randall D.
Vice Chairman
|
- 40000
|
31.63 USD |
|
1 year ago
Nov 02, 2023
|
Sell 10.5 K
USD
|
Rogers Randall D.
Vice Chairman
|
- 332
|
31.5 USD |
|
1 year ago
Nov 03, 2023
|
Sell 1.08 M
USD
|
Rogers Randall D.
Vice Chairman
|
- 34264
|
31.61 USD |
|
1 year ago
Sep 14, 2023
|
Sell 65 K
USD
|
Rogers Randall D.
Vice Chairman
|
- 2300
|
28.25 USD |
|
1 year ago
Aug 10, 2023
|
Sell 20.6 K
USD
|
Petrie Michael F.
Chairman and CEO
|
- 649
|
31.8 USD |
|
1 year ago
Aug 08, 2023
|
Sell 373 K
USD
|
Petrie Michael F.
Chairman and CEO
|
- 11778
|
31.7 USD |
|
1 year ago
Aug 08, 2023
|
Bought
379 K USD
|
Petrie Michael F.
Chairman and CEO
|
+ 17100
|
22.15 USD |
|
1 year ago
Aug 07, 2023
|
Bought
26.6 K USD
|
Petrie Michael F.
Chairman and CEO
|
+ 1200
|
22.14 USD |
|
1 year ago
Aug 04, 2023
|
Bought
59.1 K USD
|
Petrie Michael F.
Chairman and CEO
|
+ 2706
|
21.85 USD |
|
1 year ago
Aug 03, 2023
|
Bought
320 USD
|
Petrie Michael F.
Chairman and CEO
|
+ 15
|
21.35 USD |
|
1 year ago
Jun 13, 2023
|
Bought
68.2 K USD
|
O'Brien Patrick D.
Director
|
+ 3000
|
22.72 USD |
|
1 year ago
Jun 13, 2023
|
Bought
32 K USD
|
O'Brien Patrick D.
Director
|
+ 1500
|
21.32 USD |
|
1 year ago
May 16, 2023
|
Sell 85.8 K
USD
|
Petrie Michael F.
Chairman and CEO
|
- 5000
|
17.15 USD |
|
1 year ago
May 17, 2023
|
Sell 174 K
USD
|
Petrie Michael F.
Chairman and CEO
|
- 10000
|
17.45 USD |
|
1 year ago
May 10, 2023
|
Sell 85 K
USD
|
Petrie Michael F.
Chairman and CEO
|
- 5000
|
17 USD |
|
1 year ago
May 04, 2023
|
Bought
55.3 K USD
|
Dunlap Michael J.
President, COO
|
+ 2500
|
22.13 USD |
|
1 year ago
May 04, 2023
|
Bought
26.2 K USD
|
Dunlap Michael J.
President, COO
|
+ 1500
|
17.5 USD |
|
1 year ago
May 04, 2023
|
Bought
9.76 K USD
|
Oznick Terry A
SVP, General Counsel
|
+ 600
|
16.26 USD |
|
1 year ago
May 02, 2023
|
Bought
10.1 K USD
|
Oznick Terry A
SVP, General Counsel
|
+ 545
|
18.51 USD |
|
1 year ago
May 01, 2023
|
Bought
14.9 K USD
|
Oznick Terry A
SVP, General Counsel
|
+ 755
|
19.69 USD |
|
1 year ago
Mar 09, 2023
|
Bought
93 K USD
|
O'Brien Patrick D.
|
+ 3999
|
23.25 USD |
|
1 year ago
Mar 08, 2023
|
Bought
23.2 USD
|
O'Brien Patrick D.
|
+ 1
|
23.25 USD |
|
1 year ago
Mar 07, 2023
|
Bought
11.6 K USD
|
O'Brien Patrick D.
|
+ 500
|
23.25 USD |
|
2 years ago
Dec 15, 2022
|
Bought
234 K USD
|
Dury Michael R.
director: CEO of Merchants Capital
|
+ 9500
|
24.62 USD |
|
2 years ago
Dec 09, 2022
|
Bought
77.7 K USD
|
O'Brien Patrick D.
Director
|
+ 3700
|
21 USD |
|
2 years ago
Sep 23, 2022
|
Bought
100 K USD
|
Sellers Anne E.
Director
|
+ 4000
|
25 USD |
|
2 years ago
Sep 22, 2022
|
Bought
50 K USD
|
Shane David N.
Director
|
+ 2000
|
25 USD |
|
2 years ago
Sep 22, 2022
|
Bought
50 K USD
|
Oznick Terry A
SVP, General Counsel
|
+ 2000
|
25 USD |
|
2 years ago
Sep 22, 2022
|
Bought
1 M USD
|
O'Brien Patrick D.
Director
|
+ 40000
|
25 USD |
|
2 years ago
Sep 22, 2022
|
Bought
300 K USD
|
JUSTER ANDREW
Director
|
+ 12000
|
25 USD |
|
2 years ago
Sep 22, 2022
|
Bought
100 K USD
|
Dury Michael R.
CEO of Merchants Capital
|
+ 4000
|
25 USD |
|
2 years ago
Sep 22, 2022
|
Bought
2.5 K USD
|
Catchings Tamika
Director
|
+ 100
|
25 USD |
|
2 years ago
Aug 09, 2022
|
Sell 280 K
USD
|
Rogers Randall D.
director: Vice Chairman
|
- 10000
|
28 USD |
|
2 years ago
May 13, 2022
|
Bought
105 K USD
|
Dury Michael R.
director: CEO of Merchants Capital
|
+ 4500
|
23.26 USD |
|
2 years ago
Mar 15, 2022
|
Bought
298 K USD
|
Rogers Randall D.
director: Vice Chairman
|
+ 12145
|
24.5 USD |
|
2 years ago
Feb 16, 2022
|
Bought
24.7 K USD
|
Rogers Randall D.
Vice Chairman
|
+ 1010
|
24.5 USD |
|
3 years ago
Nov 16, 2021
|
Sell 33.6 K
USD
|
Dunlap Michael J.
President, COO
|
- 1200
|
28 USD |
|
3 years ago
Nov 05, 2021
|
Sell 495 K
USD
|
Rogers Randall D.
Vice Chairman
|
- 10304
|
48 USD |
|
3 years ago
Nov 01, 2021
|
Sell 356 K
USD
|
Rogers Randall D.
Vice Chairman
|
- 7790
|
45.72 USD |
|
3 years ago
Nov 02, 2021
|
Sell 448 K
USD
|
Rogers Randall D.
Vice Chairman
|
- 9743
|
45.99 USD |
|
3 years ago
Nov 03, 2021
|
Sell 707 K
USD
|
Rogers Randall D.
Vice Chairman
|
- 15000
|
47.13 USD |
|
3 years ago
Mar 16, 2021
|
Bought
50 K USD
|
Shane David N.
Director
|
+ 2000
|
25 USD |
|
3 years ago
Mar 16, 2021
|
Bought
300 K USD
|
Sellers Anne E.
Director
|
+ 12000
|
25 USD |
|
3 years ago
Mar 16, 2021
|
Bought
3 M USD
|
O'Brien Patrick D.
Director
|
+ 120000
|
25 USD |
|
3 years ago
Mar 16, 2021
|
Bought
1 M USD
|
O'Brien Patrick D.
Director
|
+ 40000
|
25 USD |
|
4 years ago
Mar 11, 2020
|
Bought
106 K USD
|
O'Brien Patrick D.
Director
|
+ 4000
|
26.55 USD |
|
3 years ago
Mar 16, 2021
|
Bought
500 K USD
|
JUSTER ANDREW
Director
|
+ 20000
|
25 USD |
|
3 years ago
Mar 16, 2021
|
Bought
200 K USD
|
Kucer Susan Dehner
Indianpolis Market President
|
+ 8000
|
25 USD |
|
3 years ago
Mar 16, 2021
|
Bought
10 K USD
|
Koors Jerry F.
Merchants Mortgage President
|
+ 400
|
25 USD |
|
4 years ago
Sep 15, 2020
|
Bought
61.6 K USD
|
O'Brien Patrick D.
Director
|
+ 3000
|
20.53 USD |
|
4 years ago
May 13, 2020
|
Bought
13.9 K USD
|
O'Brien Patrick D.
Director
|
+ 1000
|
13.87 USD |
|
4 years ago
May 11, 2020
|
Bought
21.7 K USD
|
O'Brien Patrick D.
Director
|
+ 1500
|
14.45 USD |
|
5 years ago
Jan 02, 2020
|
Sell 29.9 K
USD
|
Kucer Susan Dehner
Indianpolis Market President
|
- 1518
|
19.6956 USD |
|
5 years ago
Jan 02, 2020
|
Sell 16.1 K
USD
|
Koors Jerry F.
Merchants Mortgage President
|
- 816
|
19.6956 USD |
|
5 years ago
Jan 02, 2020
|
Sell 26.9 K
USD
|
Evans Scott A.
Lynn Market President
|
- 1368
|
19.6956 USD |
|
5 years ago
Jan 02, 2020
|
Sell 49.2 K
USD
|
Dury Michael R.
President of Merchants Capital
|
- 2500
|
19.6956 USD |
|
5 years ago
Jan 02, 2020
|
Sell 65.6 K
USD
|
Dunlap Michael J.
President, COO
|
- 3331
|
19.6956 USD |
|
5 years ago
Sep 12, 2019
|
Bought
25.1 K USD
|
Dury Michael R.
President of Merchants Capital
|
+ 1514
|
16.5957 USD |
|
5 years ago
Sep 11, 2019
|
Bought
175 K USD
|
Dury Michael R.
President of Merchants Capital
|
+ 10486
|
16.73 USD |
|
5 years ago
Mar 22, 2019
|
Bought
2 M USD
|
O'Brien Patrick D.
Director
|
+ 80000
|
25 USD |
|
5 years ago
Mar 22, 2019
|
Bought
500 K USD
|
O'Brien Patrick D.
Director
|
+ 20000
|
25 USD |
|
5 years ago
Mar 22, 2019
|
Bought
200 K USD
|
Kucer Susan Dehner
Indianapolis Mkt. Pres.
|
+ 8000
|
25 USD |
|
5 years ago
Mar 22, 2019
|
Bought
7.5 K USD
|
Koors Jerry F.
Merchants Mortgage Pres.
|
+ 300
|
25 USD |
|
5 years ago
Mar 22, 2019
|
Bought
10 K USD
|
Belser Richard L.
SVP, Chief Credit Officer
|
+ 400
|
25 USD |
|
5 years ago
Mar 22, 2019
|
Bought
25 K USD
|
Shane David N.
Director
|
+ 1000
|
25 USD |
|
5 years ago
Mar 22, 2019
|
Bought
100 K USD
|
Dury Michael R.
Pres. of Merchants Capital
|
+ 4000
|
25 USD |
|
5 years ago
Mar 22, 2019
|
Bought
30 K USD
|
Dunlap Michael J.
President, COO
|
+ 1200
|
25 USD |
|
6 years ago
Dec 04, 2018
|
Bought
69 K USD
|
O'Brien Patrick D.
Director
|
+ 3000
|
22.99 USD |
|
6 years ago
Nov 26, 2018
|
Bought
23 K USD
|
O'Brien Patrick D.
Director
|
+ 1000
|
23 USD |
|
7 years ago
Oct 26, 2017
|
Bought
0 USD
|
Belser Richard L.
Senior Vice President (A)
|
+ 0
|
0 USD |
|
7 years ago
Oct 27, 2017
|
Bought
50 K USD
|
Shane David N.
Director
|
+ 3125
|
16 USD |
|
7 years ago
Oct 27, 2017
|
Bought
10 K USD
|
Sellers Anne E.
Director
|
+ 625
|
16 USD |
|
7 years ago
Oct 27, 2017
|
Bought
68 K USD
|
Perry John W.
Director
|
+ 4250
|
16 USD |
|
7 years ago
Oct 27, 2017
|
Bought
600 K USD
|
O'Brien Patrick D.
Director
|
+ 37500
|
16 USD |
|
7 years ago
Oct 27, 2017
|
Bought
250 K USD
|
Macke John F.
CFO
|
+ 15625
|
16 USD |
|
7 years ago
Oct 27, 2017
|
Bought
20 K USD
|
Kucer Susan Dehner
Indianapolis Market Pres (1)
|
+ 1250
|
16 USD |
|
7 years ago
Oct 27, 2017
|
Bought
4.99 K USD
|
Koors Jerry F.
President (1)
|
+ 312
|
16 USD |
|
7 years ago
Oct 27, 2017
|
Bought
25 K USD
|
Gilroy Sue Anne
Director
|
+ 1562
|
16 USD |
|
7 years ago
Oct 27, 2017
|
Bought
10 K USD
|
Evans Scott A.
Lynn Market Pres, Co-COO (1)
|
+ 625
|
16 USD |
|
7 years ago
Oct 27, 2017
|
Bought
24 K USD
|
Dunlap Michael J.
President, Co-COO (1)
|
+ 1500
|
16 USD |
|
7 years ago
Oct 26, 2017
|
Bought
1 USD
|
Belser Richard L.
Senior Vice President
|
+ 1
|
1 USD |
7. News
Merchants Bancorp Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
SAN DIEGO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating whether Merchants Bancorp (NASDAQ: MBIN) or any of its executive officers violated securities laws by misrepresenting or failing to timely disclose information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.
globenewswire.com
- 1 month ago
MBIN Stockholders: Robbins LLP is Investigating the Officers and Directors of Merchants Bancorp to Determine if They Breached Fiduciary Duties Owed to Shareholders
SAN DIEGO , Dec. 18, 2024 /PRNewswire/ -- Shareholder rights law firm Robbins LLP is investigating Merchants Bancorp (NASDAQ: MBIN) to determine whether certain Merchants Bancorp officers and directors violated securities laws and breached fiduciary duties to shareholders. Merchants Bancorp operates as the diversified bank holding company in the United States.
prnewswire.com
- 1 month ago
First Look At MBINL, The New Preferred Stock IPO From Merchants Bancorp
Merchants Bancorp's new 7.652% Series E Non-Cumulative Perpetual Preferred Stock presents an attractive yield and holds a Ba3 rating, positioning it as a valuable addition to our portfolio. The company's capital structure and dividend history indicate a reasonable cushion for preferred dividend payments, despite a small common stock distribution cushion. The new preferred stock's credit spread is appealing compared to similar BB-rated securities, suggesting it offers a good relative value.
seekingalpha.com
- 1 month ago
Merchants Bancorp Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
SAN DIEGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating whether Merchants Bancorp (NASDAQ: MBIN) or any of its executive officers violated securities laws by misrepresenting or failing to timely disclose information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.
globenewswire.com
- 1 month ago
Merchants Bancorp Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
SAN DIEGO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating whether Merchants Bancorp (NASDAQ: MBIN) or any of its executive officers violated securities laws by misrepresenting or failing to timely disclose information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.
globenewswire.com
- 1 month ago
New Preferred Stock IPOs, November 2024
September saw three new preferred stock offerings with yields between 7% and 8%, including SPMC, Merchants Bancorp, and Aspen Insurance Holdings. CDx3 preferreds ranked 10 out of 10 are selling at an average discount of 8 cents to par, offering a 6.3% yield. Investors can buy new preferred stocks at wholesale prices on the OTC, potentially avoiding capital losses if prices drop.
seekingalpha.com
- 1 month ago
Merchants Bancorp Announces Redemption of Its Series B Preferred Stock and Declares Quarterly Preferred Dividends on Series E Preferred Shares
CARMEL, Ind. , Nov. 26, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that on January 2, 2025 it will redeem all outstanding shares of its 6.00% (reset to 9.42% as of October 1, 2024) Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock ("Series B Preferred Stock") (Nasdaq: MBINO) at the liquidation preference of $25.00 per share.
prnewswire.com
- 1 month ago
Merchants Bancorp Closes Depositary Share Offering
CARMEL, Ind. , Nov. 25, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today announced the closing of its previously announced underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th interest in a share of its 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock (the "Series D preferred stock"), with a liquidation preference of $25.00 per depositary share.
prnewswire.com
- 1 month ago
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind. , Nov. 20, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the fourth quarter of 2024, in each case to shareholders of record on December 13, 2024, payable on January 2, 2025: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN); A dividend of $23.56 per share (equivalent to $0.59 per depositary share) on the Company's outstanding shares of its Series B preferred stock (NASDAQ:MBINO), which was reset from 6% to 9.42% as of October 1, 2024; A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Company's outstanding shares of its 6% Series C preferred stock (NASDAQ:MBINN); A dividend of $20.625 per share (equivalent to $0.5156 per depositary share) on the Company's outstanding shares of its 8.25% Series D preferred stock (NASDAQ:MBINM).
prnewswire.com
- 1 month ago
Merchants Bancorp Prices Depositary Share Offering
CARMEL, Ind. , Nov. 18, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), a holding company that operates through its wholly owned subsidiary, Merchants Bank of Indiana ("Merchants Bank"), announced the pricing of an underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th ownership interest in a share of its 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock (the "Series E preferred stock"), with a liquidation preference of $25.00 per depositary share.
prnewswire.com
- 2 months ago
Merchants Bancorp: Earnings Trouble Opens Up Income Opportunity
Merchants Bancorp's shares dropped nearly 20% after earnings, presenting an opportunity to sell short-term cash secured put options for income. Despite higher borrowing costs, net interest income is rising, and core deposit growth should reduce reliance on expensive external financing. The bank's attractive valuation at 6.2 to 6.5 times future earnings and high options premiums make selling put options appealing.
seekingalpha.com
- 2 months ago
Merchants Bancorp (MBIN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Merchants Bancorp (MBIN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 2 months ago
8. Profile
Summary
Merchants Bancorp MBIN
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 1.77 B
Dividend Yield
0.58%
Description
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.
Contact
410 Monon Boulevard, Carmel, IN, 46032
https://www.merchantsbancorp.com
IPO
Date
Oct. 27, 2017
Employees
618
Officers
Mr. Michael F. Petrie CMB
Co-founder, Chairman & Chief Executive Officer
Mr. Martin A. Schroeter
President of Warehouse Lending
Ms. Vickie Vandivier
Executive Vice President & Investment Officer
Mr. Terry A. Oznick
Executive Vice President & General Counsel
Ms. Tami Durle
Manager SEC Reporting
Mr. Jeffery L. Scott
President & Executive Vice President of SBA Lending
Mr. Michael J. Dunlap
President, Chief Operating Officer & Director
Mr. Kevin T. Langford
Executive Vice President & Chief Administrative Officer
Mr. Michael R. Dury M.B.A.
President & Chief Executive Officer of Merchants Capital Corp
Mr. Sean Sievers
Chief Financial Officer & Principal Accounting Officer