Merchants Bancorp Net Income

MBIN Stock  USD 42.76  0.71  1.69%   
As of the 5th of February, Merchants Bancorp secures the Downside Deviation of 1.9, mean deviation of 1.69, and Risk Adjusted Performance of 0.1473. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Merchants Bancorp, as well as the relationship between them.

Merchants Bancorp Total Revenue

1.43 Billion

Merchants Bancorp's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Merchants Bancorp's valuation are provided below:
Gross Profit
563.7 M
Profit Margin
0.3881
Market Capitalization
B
Enterprise Value Revenue
9.3352
Revenue
563.7 M
We have found one hundred twenty available fundamental ratios for Merchants Bancorp, which can be analyzed and compared to other ratios and to its peers in the industry. Self-guided Investors are advised to check Merchants Bancorp's last-minute fundamentals against the trend between 2010 and 2026 to make sure the company can sustain itself down the road. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
Last ReportedProjected for Next Year
Net Income From Continuing Ops368.4 M386.9 M
Net Income Applicable To Common Shares222.8 M233.9 M
Net Income368.4 M386.9 M
Net Income Per Share 4.77  2.89 
Net Income Per E B T 0.83  0.58 
At this time, Merchants Bancorp's Net Income From Continuing Ops is very stable compared to the past year. As of the 5th of February 2026, Net Income Applicable To Common Shares is likely to grow to about 233.9 M, while Net Income Per Share is likely to drop 2.89.
  
Build AI portfolio with Merchants Stock
Evaluating Merchants Bancorp's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Merchants Bancorp's fundamental strength.

Latest Merchants Bancorp's Net Income Growth Pattern

Below is the plot of the Net Income of Merchants Bancorp over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Merchants Bancorp financial statement analysis. It represents the amount of money remaining after all of Merchants Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Merchants Bancorp's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Merchants Bancorp's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 320.39 M10 Years Trend
Slightly volatile
   Net Income   
       Timeline  

Merchants Net Income Regression Statistics

Arithmetic Mean118,486,735
Geometric Mean77,735,026
Coefficient Of Variation87.02
Mean Deviation92,535,924
Median62,874,000
Standard Deviation103,104,081
Sample Variance10630.5T
Range292M
R-Value0.86
Mean Square Error2979.7T
R-Squared0.74
Significance0.00001
Slope17,530,897
Total Sum of Squares170087.2T

Merchants Net Income History

2026170.2 M
2025218.8 M
2024320.4 M
2023279.2 M
2022219.7 M
2021227.1 M
2020180.5 M

Other Fundumenentals of Merchants Bancorp

Merchants Bancorp Net Income component correlations

Merchants Net Income Driver Correlations

Understanding the fundamental principles of building solid financial models for Merchants Bancorp is extremely important. It helps to project a fair market value of Merchants Stock properly, considering its historical fundamentals such as Net Income. Since Merchants Bancorp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Merchants Bancorp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Merchants Bancorp's interrelated accounts and indicators.
Will Commercial & Residential Mortgage Finance sector continue expanding? Could Merchants diversify its offerings? Factors like these will boost the valuation of Merchants Bancorp. Expected growth trajectory for Merchants significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Merchants Bancorp data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
(0.30)
Dividend Share
0.4
Earnings Share
3.84
Revenue Per Share
12.288
Quarterly Revenue Growth
(0.18)
Merchants Bancorp's market price often diverges from its book value, the accounting figure shown on Merchants's balance sheet. Smart investors calculate Merchants Bancorp's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Merchants Bancorp's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Understanding that Merchants Bancorp's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Merchants Bancorp represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. However, Merchants Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Merchants Bancorp 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Merchants Bancorp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Merchants Bancorp.
0.00
11/07/2025
No Change 0.00  0.0 
In 2 months and 31 days
02/05/2026
0.00
If you would invest  0.00  in Merchants Bancorp on November 7, 2025 and sell it all today you would earn a total of 0.00 from holding Merchants Bancorp or generate 0.0% return on investment in Merchants Bancorp over 90 days. Merchants Bancorp is related to or competes with First Merchants, ST Bancorp, 1st Source, German American, TriCo Bancshares, Lakeland Financial, and National Bank. Merchants Bancorp operates as the diversified bank holding company in the United States More

Merchants Bancorp Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Merchants Bancorp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Merchants Bancorp upside and downside potential and time the market with a certain degree of confidence.

Merchants Bancorp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Merchants Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merchants Bancorp's standard deviation. In reality, there are many statistical measures that can use Merchants Bancorp historical prices to predict the future Merchants Bancorp's volatility.
Hype
Prediction
LowEstimatedHigh
40.2743.0545.83
Details
Intrinsic
Valuation
LowRealHigh
38.4847.1149.89
Details
Naive
Forecast
LowNextHigh
42.2845.0547.83
Details
3 Analysts
Consensus
LowTargetHigh
43.0747.3352.54
Details

Merchants Bancorp February 5, 2026 Technical Indicators

Merchants Bancorp Backtested Returns

Merchants Bancorp appears to be very steady, given 3 months investment horizon. Merchants Bancorp has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2 % return per unit of risk over the last 3 months. By analyzing Merchants Bancorp's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise Merchants Bancorp's Risk Adjusted Performance of 0.1473, mean deviation of 1.69, and Downside Deviation of 1.9 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Merchants Bancorp holds a performance score of 15. The company secures a Beta (Market Risk) of 1.49, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Merchants Bancorp will likely underperform. Please check Merchants Bancorp's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Merchants Bancorp's current price movements will revert.

Auto-correlation

    
  0.69  

Good predictability

Merchants Bancorp has good predictability. Overlapping area represents the amount of predictability between Merchants Bancorp time series from 7th of November 2025 to 22nd of December 2025 and 22nd of December 2025 to 5th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Merchants Bancorp price movement. The serial correlation of 0.69 indicates that around 69.0% of current Merchants Bancorp price fluctuation can be explain by its past prices.
Correlation Coefficient0.69
Spearman Rank Test0.64
Residual Average0.0
Price Variance7.71
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition

Merchants Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

(125,685)

Merchants Bancorp reported last year Accumulated Other Comprehensive Income of (119,700)
Based on the recorded statements, Merchants Bancorp reported net income of 320.39 M. This is 74.92% lower than that of the Financial Services sector and significantly higher than that of the Financials industry. The net income for all United States stocks is 43.89% higher than that of the company.

Merchants Net Income Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Merchants Bancorp's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Merchants Bancorp could also be used in its relative valuation, which is a method of valuing Merchants Bancorp by comparing valuation metrics of similar companies.
Merchants Bancorp is currently under evaluation in net income category among its peers.

Merchants Bancorp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Merchants Bancorp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Merchants Bancorp's managers, analysts, and investors.
Environmental
Governance
Social

Merchants Bancorp Institutional Holders

Institutional Holdings refers to the ownership stake in Merchants Bancorp that is held by large financial organizations, pension funds or endowments. Institutions may hold large blocks of Merchants Bancorp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Merchants Bancorp's value.
Shares
Marshall Wace Asset Management Ltd2025-06-30
281.1 K
Basswood Capital Management Llc2025-06-30
273.7 K
Morgan Stanley - Brokerage Accounts2025-06-30
254.2 K
Jpmorgan Chase & Co2025-06-30
252.6 K
Fj Capital Management Llc2025-06-30
238.6 K
Valeo Financial Advisors, Llc2025-06-30
236.4 K
Charles Schwab Investment Management Inc2025-06-30
226.2 K
Northern Trust Corp2025-06-30
226.1 K
Royal Bank Of Canada2025-06-30
225.9 K
Blackrock Inc2025-06-30
1.9 M
Dimensional Fund Advisors, Inc.2025-06-30
1.5 M

Merchants Fundamentals

About Merchants Bancorp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Merchants Bancorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Merchants Bancorp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Merchants Bancorp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Merchants Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Merchants Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Merchants Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Merchants Stock

  0.9WSBF Waterstone Financial Normal TradingPairCorr

Moving against Merchants Stock

  0.31WD Walker DunlopPairCorr
The ability to find closely correlated positions to Merchants Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Merchants Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Merchants Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Merchants Bancorp to buy it.
The correlation of Merchants Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Merchants Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Merchants Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Merchants Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Merchants Bancorp is a strong investment it is important to analyze Merchants Bancorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Merchants Bancorp's future performance. For an informed investment choice regarding Merchants Stock, refer to the following important reports:
Check out
To learn how to invest in Merchants Stock, please use our How to Invest in Merchants Bancorp guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Will Commercial & Residential Mortgage Finance sector continue expanding? Could Merchants diversify its offerings? Factors like these will boost the valuation of Merchants Bancorp. Expected growth trajectory for Merchants significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Merchants Bancorp data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
(0.30)
Dividend Share
0.4
Earnings Share
3.84
Revenue Per Share
12.288
Quarterly Revenue Growth
(0.18)
Merchants Bancorp's market price often diverges from its book value, the accounting figure shown on Merchants's balance sheet. Smart investors calculate Merchants Bancorp's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Merchants Bancorp's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Understanding that Merchants Bancorp's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Merchants Bancorp represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. However, Merchants Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.