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Merchants Bancorp (MBINL)

Financial Services | Banks - Regional | Carmel, United States | NasdaqCM
24.02 USD -0.19 (-0.785%) ⇩ (April 17, 2026, 4 p.m. EDT)
After hours: 24.20 +0.18 (0.749%) ⇧ (April 17, 2026, 4:10 p.m. EDT)

Short-term: ★★☆☆☆ | Long-term: ★★★☆☆ | Dividends: ★★★★★
Hot Take | April 18, 2026, 5:47 p.m. EDT

Merchants Bancorp (MBINL) presents a classic high-yield value trap scenario where a massive 7.87% dividend yield masks significant operational deterioration. While the stock trades at a bargain price-to-book of 0.64, the underlying business is contracting with double-digit declines in revenue (-17.6%) and earnings (-30.6%), accompanied by negative operating cash flow. The forecasting model exhibits severe statistical flaws, specifically a negligible Ljung-Box p-value indicating strong autocorrelation and a near-zero predicted drift (0.2%), rendering short-term technical momentum analysis unreliable. Although the dividend appears sustainable on the surface due to a stable 4-quarter payout of $0.477, the negative fundamentals suggest this high yield may be an artifact of NAV erosion or a desperate capital return strategy in a shrinking franchise, making it a neutral hold at best rather than a compelling long-term buy.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.033839
AutoETS0.036234
AutoARIMA0.036335
AutoTheta0.042776

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 80%
H-stat 0.65
Ljung-Box p 0.000
Jarque-Bera p 0.476
Excess Kurtosis -0.73
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-03-12
Last Dividend Date 2026-03-12
Revenue per Share 12.288
Beta 1.16
Profit Margins 38.81%
Website https://investors.merchantsbancorp.com

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.98% 8.42%
Dividend History
Date Dividend Yield %
2026-03-13 0.477 1.981720
2025-12-15 0.477 2.116695
2025-09-15 0.477 2.137582
2025-06-13 0.477 2.184903
2025-03-14 0.477 2.068196
2024-12-13 0.196 0.844569
Additional Data
dividendRate 1.91
dividendYield 7.94
exDividendDate 2026-03-13
trailingAnnualDividendRate 0.4
trailingAnnualDividendYield 0.016522098
lastDividendValue 0.477
lastDividendDate 2026-03-13
dividendDate 2026-04-01

Info Dump

Attribute Value
52 Week Change 0.030901313
Address1 410 Monon Boulevard
All Time High 25.9
All Time Low 21.8
Ask 31.04
Ask Size 2
Average Daily Volume10 Day 38,860
Average Daily Volume3 Month 32,461
Average Volume 32,461
Average Volume10Days 38,860
Beta 1.161
Bid 17.44
Bid Size 1
Book Value 37.685
City Carmel
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 24.02
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 24.25
Day Low 24.0
Dividend Date 1,775,001,600
Dividend Rate 1.91
Dividend Yield 7.94
Earnings Growth -0.306
Earnings Quarterly Growth -0.291
Earnings Timestamp End 1,754,049,600
Earnings Timestamp Start 1,753,700,340
Ebitda Margins 0.0
Enterprise To Revenue 8.2
Enterprise Value 4,622,220,800
Esg Populated 0
Ex Dividend Date 1,773,360,000
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 24.42564
Fifty Day Average Change -0.40563965
Fifty Day Average Change Percent -0.016607124
Fifty Two Week Change Percent 3.0901313
Fifty Two Week High 25.34
Fifty Two Week High Change -1.3199997
Fifty Two Week High Change Percent -0.052091543
Fifty Two Week Low 21.8
Fifty Two Week Low Change 2.2200012
Fifty Two Week Low Change Percent 0.10183492
Fifty Two Week Range 21.8 - 25.34
Financial Currency USD
First Trade Date Milliseconds 1,732,026,600,000
Float Shares 21,107,159
Full Exchange Name NasdaqCM
Full Time Employees 735
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Gross Profits 563,692,992
Has Pre Post Market Data 1
Industry Banks - Regional
Industry Disp Banks - Regional
Industry Key banks-regional
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,773,360,000
Last Dividend Value 0.477
Last Fiscal Year End 1,767,139,200
Long Business Summary 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 housing development 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.
Long Name Merchants Bancorp
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_46401304
Most Recent Quarter 1,767,139,200
Net Income To Common 173,552,000
Next Fiscal Year End 1,798,675,200
Open 24.24
Operating Cashflow -341,248,000
Operating Margins 0.52007
Phone 317 569 7420
Post Market Change 0.1800003
Post Market Change Percent 0.7493768
Post Market Price 24.2
Post Market Time 1,776,456,627
Previous Close 24.21
Price Hint 2
Price To Book 0.6373889
Profit Margins 0.38810003
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.189999
Regular Market Change Percent -0.784794
Regular Market Day High 24.25
Regular Market Day Low 24.0
Regular Market Day Range 24.0 - 24.25
Regular Market Open 24.24
Regular Market Previous Close 24.21
Regular Market Price 24.02
Regular Market Time 1,776,456,001
Regular Market Volume 25,590
Return On Assets 0.0114400005
Return On Equity 0.09671
Revenue Growth -0.176
Revenue Per Share 12.288
Sand P52 Week Change 0.38150132
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Short 37,670
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 44,982
Short Name Merchants Bancorp - Depositary
Short Ratio 1.21
Source Interval 15
State IN
Symbol MBINL
Total Cash 890,798,016
Total Cash Per Share 19.381
Total Debt 3,857,719,040
Total Revenue 563,692,992
Tradeable 0
Trailing Annual Dividend Rate 0.4
Trailing Annual Dividend Yield 0.016522098
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 23.585325
Two Hundred Day Average Change 0.43467522
Two Hundred Day Average Change Percent 0.018429901
Type Disp Equity
Volume 25,590
Website https://investors.merchantsbancorp.com
Zip 46,032