US · MBINL
Merchants Bancorp
- Sector
- Financial Services · Banks - Regional
- Headquarters
- Carmel, IN 46032
Price · as of 2025-12-31
$24.22
Market cap 1.13B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $111.95 | +362.22% |
| Intrinsic Value(DCF) | $32.39 | +33.73% |
| Graham-Dodd Method(GD) | $73.39 | +203.02% |
| Graham Formula(GF) | $13.23 | -45.38% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | |||||
| 2012 | |||||
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| 2022 | |||||
| 2023 | |||||
| 2024 | $23.38 | $1,307.24 | $87,828.31 | ||
| 2025 | $24.70 | $111.95 | $2.83 | $73.39 | $13.23 |
AI valuation
Our deep-learning model estimates Merchants Bancorp's (MBINL) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $111.95
- Current price
- $24.22
- AI upside
- +362.22%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$32.39
+33.73% upside
Graham-Dodd
$73.39
+203.02% upside
Graham Formula
$13.23
-45.38% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| MBINL | Merchants Bancorp | $24.22 | 1.13B | +362% | +34% | +203% | -45% | 5.18 | 0.50 | 0.83 | 15.52 | — | 0.55 | 41.29% | 26.63% | 16.02% | 9.67% | 5.36% | 1.14% | 1.68 | 0.53 | — | — | 14.51 | — | -565.00% | -10000.00% | 0.00% | — | 0.00% | 0.00% | 0.00% | 2.89% | 11.26 | — | 3.00 | 1.01 |
| BWBBP | Bridgewater Bancshares, I… | $20.41 | 560.69M | +148% | -9% | -2% | +8% | 15.02 | 1.08 | 1.96 | 7.13 | — | 1.13 | 41.45% | 17.00% | 13.05% | 7.43% | 16.56% | 0.68% | 0.99 | 0.30 | 0.17 | 0.17 | 4.78 | -1890.00% | 1079.00% | 5639.00% | 8.58% | 0.01 | 21.34% | 0.82% | 12.40% | 15.24% | 7.63 | 7.71 | 1.30 | -0.58 |
| HBANL | Huntington Bancshares Inc… | $25.70 | 38.01B | +17% | -28% | -63% | -28% | 17.01 | 1.56 | 3.04 | 10.60 | 122.09 | 2.16 | 61.70% | 21.53% | 17.71% | 10.11% | 13.11% | 1.04% | 0.76 | 0.62 | 0.19 | 0.19 | 6.21 | 1393.00% | 438.00% | 3624.00% | 6.01% | 0.02 | 13.40% | 2.68% | 45.60% | 2.68% | 10.60 | 12.51 | 2.28 | -0.39 |
| MBINM | Merchants Bancorp | $25.45 | 1.17B | +181% | -42% | +112% | -48% | 5.40 | 0.52 | 0.87 | 15.70 | — | 0.52 | 41.29% | 19.32% | 16.02% | 9.67% | 3.89% | 1.14% | 1.68 | 0.39 | 1.61 | 1.61 | 14.51 | -4000.00% | -565.00% | -6003.00% | -28.89% | -0.05 | -6.06% | 5.03% | 27.20% | 7.80% | 15.70 | -12.14 | 3.03 | 0.54 |
| MBINN | Merchants Bancorp | $20.13 | 923.75M | +245% | -38% | +168% | -34% | 4.30 | 0.41 | 0.69 | 14.79 | — | 0.41 | 41.29% | 19.32% | 16.02% | 9.67% | 3.89% | 1.14% | 1.68 | 0.39 | 1.61 | 1.61 | 14.51 | -4000.00% | -565.00% | -6003.00% | -36.27% | -0.05 | -6.06% | 6.32% | 27.20% | 9.80% | 14.79 | -11.44 | 2.86 | 0.53 |
| ONBPO | Old National Bancorp | $25.37 | 9.22B | +150% | +168% | -44% | +121% | 14.67 | 1.16 | 2.65 | 15.79 | 224.11 | 1.76 | 63.60% | 23.56% | 18.04% | 9.02% | 8.09% | 1.06% | 0.88 | 0.72 | 0.89 | 0.88 | 7.01 | 655.00% | 2548.00% | 767.00% | 6.49% | 0.01 | 7.42% | 2.29% | 33.60% | 3.02% | 17.67 | 24.23 | 4.16 | 0.08 |
| ONBPP | Old National Bancorp | $25.37 | 9.22B | +150% | +168% | -44% | +121% | 14.63 | 1.15 | 2.64 | 15.76 | 223.40 | 1.75 | 63.60% | 23.56% | 18.04% | 9.02% | 8.09% | 1.06% | 0.88 | 0.72 | 0.89 | 0.88 | 7.01 | 655.00% | 2548.00% | 767.00% | 6.51% | 0.01 | 7.42% | 2.30% | 33.60% | 3.03% | 17.63 | 24.18 | 4.16 | 0.08 |
About Merchants Bancorp
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates, and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family rental housing and healthcare facilities financing. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, 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, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.
- CEO
- Michael F. Petrie
- Employees
- 663
- Beta
- 1.26
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($32.39 ÷ $24.22) − 1 = +33.73% (DCF, example).