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Upturn AI SWOT - About
MBIN 
Merchants Bancorp (MBIN)
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Upturn Advisory Summary
09/16/2025: 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 -27.43% | 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 09/16/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.44B USD | Price to earnings Ratio 6.93 | 1Y Target Price 38.33 |
Price to earnings Ratio 6.93 | 1Y Target Price 38.33 | ||
Volume (30-day avg) 3 | Beta 1.3 | 52 Weeks Range 27.08 - 46.89 | Updated Date 09/16/2025 |
52 Weeks Range 27.08 - 46.89 | Updated Date 09/16/2025 | ||
Dividends yield (FY) 1.18% | 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 6.93 | Forward PE - | Enterprise Value 4952741376 | Price to Sales(TTM) 2.42 |
Enterprise Value 4952741376 | Price to Sales(TTM) 2.42 | ||
Enterprise Value to Revenue 8.82 | Enterprise Value to EBITDA - | Shares Outstanding 45885500 | Shares Floating 29298324 |
Shares Outstanding 45885500 | Shares Floating 29298324 | ||
Percent Insiders 44.39 | Percent Institutions 34.1 |
Upturn AI SWOT
Merchants Bancorp
Company Overview
History and Background
Merchants Bancorp was founded in 1990 and headquartered in Carmel, Indiana. It has grown through organic expansion and strategic acquisitions, focusing on multifamily housing and mortgage warehousing.
Core Business Areas
- Multifamily Mortgage Banking: Originates and services multifamily mortgages, primarily through government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac.
- Mortgage Warehousing: Provides short-term financing to mortgage originators to fund loans until they can be sold into the secondary market.
- Banking: Offers traditional banking services, including deposit accounts, commercial lending, and treasury management.
Leadership and Structure
Michael F. Petrie serves as the Chairman and CEO. The company operates with a board of directors and a management team responsible for overseeing various business segments.
Top Products and Market Share
Key Offerings
- Multifamily Mortgages: Offers financing for apartment buildings and other multifamily properties. Merchants Bancorp is a significant player in the GSE multifamily space, but specific market share data is not publicly available. Competitors include Walker & Dunlop (WD), Greystone, and CBRE.
- Mortgage Warehouse Lending: Provides short-term financing for mortgage originators. Market share data is fragmented and not readily available. Competitors include Flagstar Bank and various regional banks.
Market Dynamics
Industry Overview
The banking industry is subject to interest rate fluctuations, regulatory changes, and economic cycles. The multifamily housing market is influenced by demographic trends, housing affordability, and interest rates.
Positioning
Merchants Bancorp focuses on specific niche markets like multifamily and warehouse lending, which allows it to develop expertise and build relationships. Their deep understanding of government sponsored entities and their regulations gives them a competitive advantage.
Total Addressable Market (TAM)
The TAM for multifamily lending is estimated to be in the hundreds of billions of dollars annually. The TAM for mortgage warehouse lending is also significant, fluctuating with mortgage origination volume. Merchants Bancorp captures a portion of these markets through its specialized services.
Upturn SWOT Analysis
Strengths
- Strong relationships with GSEs
- Expertise in multifamily lending
- Experienced management team
- Diversified revenue streams
- Specialized knowledge in warehouse lending
Weaknesses
- Sensitivity to interest rate changes
- Concentration in specific lending niches
- Reliance on GSEs
- Smaller size compared to major national banks
Opportunities
- Expansion into new geographic markets
- Increased demand for multifamily housing
- Growth in mortgage origination volume
- Further development of technology platforms
Threats
- Rising interest rates
- Increased competition
- Regulatory changes
- Economic downturn
Competitors and Market Share
Key Competitors
- WD
- CBRE
- AREC
Competitive Landscape
Merchants Bancorp competes effectively in its niche markets by offering specialized services and building strong relationships with GSEs. Their agility and expertise differentiates them from larger national players.
Major Acquisitions
Farmers & Merchants Bancorp of Archbold, Ohio
- Year: 2024
- Acquisition Price (USD millions): 290
- Strategic Rationale: Expanding MBINu2019s existing geographic footprint and adding a new set of clients.
Growth Trajectory and Initiatives
Historical Growth: Merchants Bancorp has exhibited growth in recent years driven by increases in loan originations and strategic acquisitions.
Future Projections: Analyst estimates suggest continued growth in revenue and earnings, driven by strong demand for multifamily housing and warehouse lending. These estimates are subject to change based on economic conditions.
Recent Initiatives: Recent initiatives may include expansion into new markets, investment in technology platforms, and strategic acquisitions of complementary businesses.
Summary
Merchants Bancorp is a specialized financial institution focusing on multifamily lending and mortgage warehousing. The company benefits from strong GSE relationships and niche market expertise. It faces challenges from interest rate volatility and economic cycles. Strategic acquisitions have expanded reach. Future growth hinges on managing these risks and capitalizing on opportunities in housing and lending markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Merchants Bancorp Investor Relations
- SEC Filings
- Financial News Outlets
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share data are estimates and may not be precise.
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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