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Upturn AI SWOT - About
MBIN 
Merchants Bancorp (MBIN)
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Upturn Advisory Summary
08/28/2025: MBIN (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $38.33
1 Year Target Price $38.33
| 0 | Strong Buy |
| 2 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -27.44% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.49B USD | Price to earnings Ratio 7.14 | 1Y Target Price 38.33 |
Price to earnings Ratio 7.14 | 1Y Target Price 38.33 | ||
Volume (30-day avg) 3 | Beta 1.3 | 52 Weeks Range 27.17 - 47.03 | Updated Date 08/29/2025 |
52 Weeks Range 27.17 - 47.03 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 1.17% | Basic EPS (TTM) 4.54 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 42.33% | Operating Margin (TTM) 44.37% |
Management Effectiveness
Return on Assets (TTM) 1.36% | Return on Equity (TTM) 12.43% |
Valuation
Trailing PE 7.14 | Forward PE - | Enterprise Value 5001379840 | Price to Sales(TTM) 2.49 |
Enterprise Value 5001379840 | Price to Sales(TTM) 2.49 | ||
Enterprise Value to Revenue 8.84 | Enterprise Value to EBITDA - | Shares Outstanding 45885500 | Shares Floating 29298324 |
Shares Outstanding 45885500 | Shares Floating 29298324 | ||
Percent Insiders 44.39 | Percent Institutions 34.06 |
Upturn AI SWOT
Merchants Bancorp
Company Overview
History and Background
Merchants Bancorp was founded in 1990. Initially focused on mortgage banking, it has expanded into diverse financial services, becoming a multi-faceted community bank holding company. It has grown through strategic acquisitions and organic expansion.
Core Business Areas
- Mortgage Banking: Merchants Bancorp originates and services single-family and multi-family mortgage loans. This includes both conventional and government-insured (FHA, VA) loans.
- Commercial Banking: The company provides a range of commercial banking services, including commercial real estate lending, equipment financing, and deposit accounts.
- Multi-Family Housing and Healthcare: Specializes in providing financial solutions for multi-family housing and healthcare properties, with a focus on agency lending (Fannie Mae, Freddie Mac, HUD).
- Retail and Correspondent Banking: Offers retail banking services through a network of branches and provides banking services to other financial institutions.
Leadership and Structure
Michael Petrie serves as the Chairman and CEO. The organizational structure includes various executive teams overseeing specific business segments, with a board of directors providing oversight.
Top Products and Market Share
Key Offerings
- Multi-Family Mortgage Banking: Merchants Bancorp is a significant player in the multi-family mortgage banking sector, particularly agency lending. Market share data is often fragmented; estimates indicate it holds a substantial position but detailed exact market share percentages are difficult to provide without access to proprietary data. Competitors include Walker & Dunlop, Greystone, and CBRE Capital Markets.
- Commercial Real Estate Lending: Offers various CRE loans, including construction, bridge, and permanent financing. Market share information varies by region. Competitors include regional and national banks like PNC, KeyCorp, and Fifth Third Bank.
Market Dynamics
Industry Overview
The banking industry is undergoing significant changes, including increased regulation, technological disruption (fintech), and shifting consumer preferences. Interest rate fluctuations heavily influence the profitability of banks like Merchants Bancorp.
Positioning
Merchants Bancorp positions itself as a relationship-focused bank with expertise in niche areas like multi-family housing and healthcare lending. This specialization allows it to compete effectively against larger national banks.
Total Addressable Market (TAM)
The TAM for commercial banking is in the trillions globally, with multi-family housing financing representing a substantial portion. Merchants Bancorp is positioned to capture a small but significant portion of this TAM through its specialization and relationships.
Upturn SWOT Analysis
Strengths
- Specialized Expertise in Multi-Family and Healthcare Lending
- Strong Relationships with Agency Partners (Fannie Mae, Freddie Mac, HUD)
- Proven Track Record of Growth
- Experienced Management Team
Weaknesses
- Geographic Concentration (exposure to regional economic downturn)
- Reliance on Interest Rate Environment (sensitivity to rising rates)
- Smaller Size Compared to National Competitors
- Regulatory Compliance Burden
Opportunities
- Expansion into New Geographic Markets
- Adoption of Fintech Solutions
- Strategic Acquisitions
- Increased Demand for Multi-Family Housing
Threats
- Increased Competition from National Banks and Fintech Lenders
- Rising Interest Rates
- Economic Downturn
- Changes in Government Regulations
Competitors and Market Share
Key Competitors
- WAFD
- BOKF
- CFG
Competitive Landscape
Merchants Bancorp's specialized focus gives it an advantage in multi-family lending, but it faces competition from larger banks with more diversified product offerings and greater resources. Fintech lenders also pose a competitive threat.
Major Acquisitions
Farmers and Merchants Bancorp of Illinois, Inc.
- Year: 2022
- Acquisition Price (USD millions): 63.1
- Strategic Rationale: Expanded Merchants' geographic presence in Illinois and added a complementary community banking franchise.
Growth Trajectory and Initiatives
Historical Growth: Merchants Bancorp has demonstrated consistent growth in recent years, driven by both organic expansion and strategic acquisitions. Their mortgage banking and commercial lending segments have been key contributors.
Future Projections: Analyst estimates suggest continued growth for Merchants Bancorp, particularly in multi-family lending. Projections depend on various macroeconomic factors. Consensus estimates for future earnings and revenue would be derived from financial data providers.
Recent Initiatives: Recent initiatives include investments in technology to improve efficiency and customer service, and expansion into new geographic markets.
Summary
Merchants Bancorp is a specialized bank with a strong presence in multi-family housing finance, enabling revenue growth. However, its regional focus and sensitivity to interest rates create vulnerabilities. Management's strategic initiatives to diversify its market can lead to better growth trajectory. Key risks include rising interest rates, macroeconomic conditions and greater competition from larger banks.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings (10-K, 10-Q)
- Financial News Outlets
- Analyst Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market share data are estimates and may not be precise. Future performance is not guaranteed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Merchants Bancorp
Exchange NASDAQ | Headquaters Carmel, IN, United States | ||
IPO Launch date 2017-10-27 | Co-Founder, Chairman & CEO Mr. Michael F. Petrie CMB | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 663 | |
Full time employees 663 | |||
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.
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