Merchants Bancorp (MBIN) Is Getting Fresh Attention, What Is Behind It?
Why Merchants Bancorp’s latest quarter is drawing attention Merchants Bancorp (MBIN) has put up a third quarter that blends ...
Model output · Signal date 2026-11-09
Merchants Bancorp (MBIN) Stock Forecast Nov. 9, 2026
Analysis updated on Nov. 9, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
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90-day forecast
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30-day forecast
Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
35.0%
Spearman, 358 dates
Market Cap
$2.38B
mid-cap · #47 of 60 peers
Summary
Merchants Bancorp (MBIN) stock forecast summary
Our AI scores Merchants Bancorp every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Merchants Bancorp is a mid-cap company with a market capitalization of $2.38B. It ranks number 47 by market capitalization among the 60 State Commercial Banks issuers in our coverage with a current forecast. Its P/E Ratio of 7.39x is the lowest of the 58 peers that report one.
For MBIN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 35.0%, measured on 358 forecast dates between 2022-08-22 and 2026-08-11 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 23.0%, measured on 401 forecast dates between 2022-08-22 and 2026-10-09. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, MBIN included.
Price
MBIN price chart and AI forecast
Cross-section · 2026-11-06
How MBIN ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-09-30
Merchants Bancorp (MBIN) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the State Commercial Banks peers listed below that report each metric.
Valuation & Market
| Metric | MBIN | Rank |
|---|---|---|
| Market Cap | $2.38B | 47/60 |
| P/E Ratio | 7.39x | 58/58 |
| P/B Ratio | 0.96x | 55/57 |
| Dividend Yield | 2.56% | 29/51 |
| EPS | $7.00 | – |
| Book Value/Share | $54.06 | – |
| Revenue/Share | $15.31 | – |
| FCF/Share | $-3.75 | – |
Profitability & Margins
| Metric | MBIN | Rank |
|---|---|---|
| ROE | 12.8% | 14/55 |
| ROA | 1.5% | 11/52 |
| Net Margin | 45.4% | 5/56 |
| EBT Margin | 55.6% | 8/57 |
| Tax Rate | 18.5% | – |
Financial Health
| Metric | MBIN | Rank |
|---|---|---|
| D/E Ratio | 7.41x | 29/59 |
| Financial Leverage | 8.41x | 26/54 |
Cash Flow
| Metric | MBIN | Rank |
|---|---|---|
| Operating Cash Flow | -$163M | 56/58 |
| Free Cash Flow | -$172M | 43/45 |
| Capital Spending | -$9M | 14/45 |
| OCF Growth YoY | -450.3% | 55/55 |
| FCF Growth YoY | -841.4% | 43/43 |
| FCF/Sales | -24.5% | 44/44 |
| CapEx/Sales | 1.3% | 31/44 |
Operational Efficiency
| Metric | MBIN | Rank |
|---|---|---|
| Asset Turnover | 0.03x | 42/52 |
| Fixed Assets Turnover | 9.2x | 15/55 |
Income Statement
| Metric | MBIN | Rank |
|---|---|---|
| Total Revenue | $703M | 40/57 |
| Net Income | $319M | 31/56 |
Dividend & Shareholder Information
| Metric | MBIN | Rank |
|---|---|---|
| Dividends Per Share | $1.32 | – |
| Payout Ratio | 18.9% | 45/51 |
| Shares Outstanding | 46M | – |
| Net Income Growth | 29.4% | 21/55 |
| EPS Growth | 105.3% | 6/56 |
Balance Sheet Highlights (USD millions)
| Cash & Short-term Investments | $320M | 1.5% of assets |
| Total Liabilities | $18.40B | 88.1% of assets |
Quarterly Financial Reports
MBIN quarterly financials and insider trading
Industry Peers · State Commercial Banks
Merchants Bancorp (MBIN) industry peers
Companies classified under the same SEC industry code as Merchants Bancorp (State Commercial Banks): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| MBIN Merchants Bancorp | $2.38B | |
| BNS Bank Of Nova Scotia | $113.35B | |
| DB Deutsche Bank Aktiengesellschaft | $66.30B | |
| FITB Fifth Third Bancorp | $48.10B | |
| STT State Street Corp | $45.05B | |
| MTB M&T Bank Corp | $31.45B | |
| NTRS Northern Trust Corp | $31.29B | |
| BBD Bank Bradesco | $26.92B | |
| CFG Citizens Financial Group Inc/Ri | $26.51B | |
| FCNCA First Citizens Bancshares Inc /De/ | $25.68B | |
| EWBC East West Bancorp Inc | $17.65B | |
| ALLY Ally Financial Inc. | $11.61B | |
| WTFC Wintrust Financial Corp | $10.24B | |
| SSB Southstate Bank Corp | $10.07B | |
| BPOP Popular, Inc. | $9.98B | |
| CBC Central Bancompany, Inc. | $9.04B | |
| PB Prosperity Bancshares Inc | $8.64B | |
| COLB Columbia Banking System, Inc. | $8.62B | |
| WAL Western Alliance Bancorporation | $8.16B | |
| CBSH Commerce Bancshares Inc /Mo/ | $7.89B | |
| UBSI United Bankshares Inc/Wv | $6.59B | |
| GBCI Glacier Bancorp, Inc. | $6.27B | |
| HOMB Home Bancshares Inc | $5.97B | |
| HWC Hancock Whitney Corp | $5.73B | |
| ASB Associated Banc-Corp | $5.64B | |
| AUB Atlantic Union Bankshares Corp | $5.62B | |
| ABCB Ameris Bancorp | $5.49B | |
| SFBS Servisfirst Bancshares, Inc. | $4.49B | |
| UCB United Community Banks Inc | $4.46B | |
| FFIN First Financial Bankshares Inc | $4.36B | |
| TCBI Texas Capital Bancshares Inc/Tx | $4.29B | |
| CATY Cathay General Bancorp | $4.28B | |
| IBOC International Bancshares Corp | $4.20B | |
| CVBF Cvb Financial Corp | $4.00B | |
| INDB Independent Bank Corp | $3.98B | |
| FBP First Bancorp /Pr/ | $3.97B | |
| FIBK First Interstate Bancsystem Inc | $3.60B | |
| RNST Renasant Corp | $3.60B | |
| MCHB Mechanics Bancorp | $3.26B | |
| SBCF Seacoast Banking Corp Of Florida | $3.25B | |
| FHB First Hawaiian, Inc. | $3.04B | |
| CUBI Customers Bancorp, Inc. | $2.86B | |
| BOH Bank Of Hawaii Corp | $2.73B | |
| FBK Fb Financial Corp | $2.71B | |
| FBNC First Bancorp /Nc/ | $2.67B | |
| SYBT Stock Yards Bancorp, Inc. | $2.46B | |
| BANR Banner Corp | $2.38B | |
| BUSE First Busey Corp /Nv/ | $2.36B | |
| EFSC Enterprise Financial Services Corp | $2.21B | |
| OFG Ofg Bancorp | $2.15B | |
| SRCE 1st Source Corp | $2.10B | |
| HTH Hilltop Holdings Inc. | $2.07B | |
| GABC German American Bancorp, Inc. | $1.88B | |
| STBA S&T Bancorp Inc | $1.79B | |
| RBCAA Republic Bancorp Inc /Ky/ | $1.78B | |
| BY Byline Bancorp, Inc. | $1.72B | |
| TCBK Trico Bancshares / | $1.68B | |
| QCRH Qcr Holdings Inc | $1.65B | |
| OBK Origin Bancorp, Inc. | $1.64B | |
| CNOB Connectone Bancorp, Inc. | $1.63B |
Where MBIN sits on the market map
Finance · State Commercial Banks
News
Merchants Bancorp (MBIN) stock news
Merchants Bancorp’s (NASDAQ:MBIN) Q3 2026 strong sales
Diversified bank holding company Merchants Bancorp (NASDAQCM:MBIN) announced in Q3 2026, with revenue up 31.5% year on year ...
Learn Why The Bull Case For Merchants Bancorp Stock Could Change Following Lower Charge Offs
Merchants Bancorp reported third quarter 2026 results that included net interest income of US$144.17 million, net income of ...
FAQ
Merchants Bancorp (MBIN) stock forecast FAQ
What is the Merchants Bancorp (MBIN) stock forecast?
Our AI scores Merchants Bancorp every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Merchants Bancorp stock predictions?
For MBIN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 35.0%, measured on 358 forecast dates between 2022-08-22 and 2026-08-11 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 23.0%, measured on 401 forecast dates between 2022-08-22 and 2026-10-09. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Merchants Bancorp forecasts updated?
Merchants Bancorp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 9, 2026.
Which companies are Merchants Bancorp's industry peers?
60 issuers in our coverage, MBIN included, share the SEC industry code State Commercial Banks. The largest are: Bank Of Nova Scotia (BNS), Deutsche Bank Aktiengesellschaft (DB), Fifth Third Bancorp (FITB), State Street Corp (STT), M&T Bank Corp (MTB), Northern Trust Corp (NTRS).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.