What is Merchants Bancorp's market cap?

Merchants Bancorp (MBIN) has a market capitalization of $2.6B and trades on NASDAQ.

What is Merchants Bancorp's revenue and profitability?

Merchants Bancorp generated $713.8M in trailing twelve-month revenue with net income of $268.6M, representing a net margin of 37.6%. These figures are based on the Q2 2026 filing.

Who are Merchants Bancorp's competitors?

Merchants Bancorp's key competitors include JPMorgan Chase & Co., Walker & Dunlop, Inc., Rocket Companies, Inc., and others. These companies compete in similar markets and product categories.

Who does Merchants Bancorp partner with?

Merchants Bancorp's notable partners include Fannie Mae, Freddie Mac, Farmer Mac, and others.

What subsidiaries does Merchants Bancorp have?

Merchants Bancorp's subsidiaries include Merchants Bank, Merchants Capital Corp (MCC), Merchants Capital Servicing (MCS), and others.

Where is Merchants Bancorp headquartered?

Merchants Bancorp is headquartered in United States of America and employs approximately 618 people. It has been publicly traded since 2017.

Merchants Bancorp

MBIN and MBINN

Merchants Bancorp is a diversified bank holding company that operates a unique hybrid model combining national mortgage banking with traditional community banking.

Market cap

$2.55B+80.7%

Revenue$713.8M+6.8%

Net income$268.6M+6.1%

EPS (diluted)$4.98+9.5%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q2 2026 report

July 28, 2026

Revenue$182.2MBeat by $3.2M EPS$1.48Beat by $0.26

Read the full report

Next report

Oct 27, 2026 (in 3 months)

Revenue estimate$183.0M

EPS estimate$1.40

Financials

Q2 2026

Income statement

See full

Revenue$182.2M+1.7%

Net income$78.3M+106%

EPS (diluted)$1.48+147%

Balance sheet

See full

Cash & equivalents$314.7M-51.4%

Total debt$4.3B+6.6%

Total equity$2.4B+9.6%

Total assets$21.2B+10.9%

Valuation & ratios

Valuation

See full

Market cap$2.55B+80.7%

Enterprise value$6.52B+38.2%

P/E9.5×+4.2×

P/S3.6×+1.6×

Profitability

See full

Net margin37.6%-0.2pp

Returns & leverage

See full

Return on equity11.7%-0.7pp

Debt / equity1.8×-0.1×

Competitors

By market cap

JPMorgan Chase$932.63B+14.5%

Rocket Companies$37.5B+20.7%

Merchants Bancorp$2.6B+89.7%

Walker & Dunlop$1.7B-33.9%

NB Bancorp, Inc.$996.4M+38.2%

FB Bancorp, Inc.$248.1M+7.2%

Meridian$238.3M+43.2%

Central Plains Bancshares, Inc.$83.3M+29.8%

By revenue growth

Rocket Companies+78.5%

NB Bancorp, Inc.+37.5%

Walker & Dunlop+13.7%

JPMorgan Chase+13.5%

Meridian+13.2%

Merchants Bancorp+6.8%

By net margin

Merchants Bancorp37.63%-0.2pp

JPMorgan Chase32.63%+0.4pp

NB Bancorp, Inc.22.83%-4.3pp

Meridian16.5%+2.5pp

Walker & Dunlop9.31%-2.8pp

Rocket Companies-1.75%+1.3pp

FB Bancorp, Inc.-3.86%—

Profile

Merchants Bancorp is a diversified bank holding company that operates a unique hybrid model combining national mortgage banking with traditional community banking. The company specializes in the origination and servicing of multi-family housing and healthcare facility loans, while also providing mortgage warehouse financing and retail banking services. Its core value proposition centers on an originate-to-sell model for fixed-rate loans and a low-cost deposit base generated through mortgage escrow and custodial accounts.

Competitive position

A leading national warehouse lender and top-ranked agency affordable housing lender that utilizes a diversified, synergy-driven model to maintain high capital efficiency.

GeographiesUnited States

Customer segmentsInstitutional, Commercial, SME, Retail

Business modelOriginate-to-sell, Asset-based lending, Service-based fees, Investment management

SuppliersFederal Reserve liquidity, FHLB advances, Retail and institutional depositors, Equity capital markets

CustomersGSEs (Fannie Mae, Freddie Mac), Government agencies (Ginnie Mae, FHA, VA, USDA), Institutional debt investors, Secondary mortgage market participants

CountryUnited States of America

Listed2017

Employees618.0

CEOMichael F. Petrie

SectorFinancial Services

IndustryBanks - Regional

Websitemerchantsbankofindiana.com

FilingsSEC EDGAR

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Questions, answered.

What is Merchants Bancorp's market cap?: Merchants Bancorp (MBIN) has a market capitalization of $2.6B and trades on NASDAQ.
What is Merchants Bancorp's revenue and profitability?: Merchants Bancorp generated $713.8M in trailing twelve-month revenue with net income of $268.6M, representing a net margin of 37.6%. These figures are based on the Q2 2026 filing.
Who are Merchants Bancorp's competitors?: Merchants Bancorp's key competitors include JPMorgan Chase & Co., Walker & Dunlop, Inc., Rocket Companies, Inc., and others. These companies compete in similar markets and product categories.
Who does Merchants Bancorp partner with?: Merchants Bancorp's notable partners include Fannie Mae, Freddie Mac, Farmer Mac, and others.
What subsidiaries does Merchants Bancorp have?: Merchants Bancorp's subsidiaries include Merchants Bank, Merchants Capital Corp (MCC), Merchants Capital Servicing (MCS), and others.
Where is Merchants Bancorp headquartered?: Merchants Bancorp is headquartered in United States of America and employs approximately 618 people. It has been publicly traded since 2017.