Merchants Bancorp(MBIN)Stock Analysis
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Rank #1,258 of 2,962 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
MBIN Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for Merchants Bancorp (MBIN), a Financials sector company. 13F Pro's AI-powered ranking engine scores MBIN at 55.3/100 on a 32-signal composite quality model, placing it at rank #1,258 of 2,962 stocks — the top half of the AI-ranked universe. MBIN scores in the top quartile across profitability (93.9). Areas of concern include earnings quality (1.8) and free cash flow (6.4), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Merchants Bancorp reports quarterly revenue of $182.2M, net income of $78.3M, an operating margin of 54.8%. Top institutional holders of MBIN by reported 13-F value include Elser Financial Planning, BlackRock, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. MBIN trades on the Nasdaq exchange and files with the SEC under CIK 1629019. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MBIN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Merchants Bancorp directly from SEC EDGAR. Merchants Bancorp's 13F Pro composite quality score has ranged between 36 and 58 since 2026, currently 55.3 — an improving long-term trajectory across 8 quarterly and live scoring snapshots.
Revenue
Q2 2026
$182.2M
Net Income
Q2 2026
$78.3M
Free Cash Flow
Q2 2026
$210.9M
Operating Margin
Q2 2026
54.8%
ROIC
Q2 2026
6.0%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+1.6% YoYNet Income
-31.7% YoYEPS (Diluted)
-40.0% YoYTotal Assets
+3.4% YoYTotal Debt
-12.4% YoYOp. Cash Flow
+59.1% YoYFree Cash Flow
+57.6% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $681.4M +1.6% | $670.7M +19.2% | $562.7M +26.6% | $444.5M +2.1% | $435.3M +23.8% | $351.6M |
| Net Income | $218.8M -31.7% | $320.4M +14.7% | $279.2M +27.1% | $219.7M -3.3% | $227.1M +25.8% | $180.5M |
| EPS (Diluted) | $3.78 -40.0% | $6.30 +11.7% | $5.64 +26.2% | $4.47 +181.7% | $1.59 +85.4% | $0.86 |
| Total Assets | $19.45B +3.4% | $18.81B +10.9% | $16.95B +34.4% | $12.62B +11.9% | $11.28B +16.9% | $9.65B |
| Total Debt | $3.84B -12.4% | $4.39B +354.9% | $964.1M +3.6% | $930.4M -10.0% | $1.03B -23.3% | $1.35B |
| Operating Cash Flow | $-341.2M +59.1% | $-835.3M -134.4% | $-356.4M -136.5% | $975.8M +2082.6% | $-49.2M +94.4% | $-874.9M |
| Free Cash Flow | $-362.2M +57.6% | $-853.7M -134.6% | $-363.9M -137.6% | $969.0M +1933.1% | $-52.9M +94.0% | $-878.5M |
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Top Institutional Holders of MBIN
Elser Financial Planning, Inc
$1.3B26,808,625 shBlackRock, Inc.
$205.3M4,105,193 shDIMENSIONAL FUND ADVISORS LP
$91.4M1,827,144 shSTATE STREET CORP
$53.5M1,066,972 shNOMURA ASSET MANAGEMENT INTERNATIONAL INC.
$52.3M1,044,992 shVANGUARD CAPITAL MANAGEMENT LLC
$50.8M1,015,813 shAMERICAN CENTURY COMPANIES INC
$41.9M837,052 shDoma Perpetual Capital Management LLC
$40.5M810,082 shGEODE CAPITAL MANAGEMENT, LLC
$37.0M740,326 shROYCE & ASSOCIATES LP
$26.4M527,047 sh
| Fund | Value | Shares |
|---|---|---|
| Elser Financial Planning, Inc | $1.3B | 26,808,625 |
| BlackRock, Inc. | $205.3M | 4,105,193 |
| DIMENSIONAL FUND ADVISORS LP | $91.4M | 1,827,144 |
| STATE STREET CORP | $53.5M | 1,066,972 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $52.3M | 1,044,992 |
| VANGUARD CAPITAL MANAGEMENT LLC | $50.8M | 1,015,813 |
| AMERICAN CENTURY COMPANIES INC | $41.9M | 837,052 |
| Doma Perpetual Capital Management LLC | $40.5M | 810,082 |
| GEODE CAPITAL MANAGEMENT, LLC | $37.0M | 740,326 |
| ROYCE & ASSOCIATES LP | $26.4M | 527,047 |
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Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.
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Popular Research
Is MBIN a good stock to buy?
13F Pro's AI-powered analysis of Merchants Bancorp (MBIN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MBIN are available on the MBIN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. MBIN is classified as a mid company.
Which hedge funds own MBIN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MBIN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Merchants Bancorp's investment landscape.