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Upturn AI SWOT - About
Merchants Bancorp (MBINM)
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Upturn Advisory Summary
08/28/2025: MBINM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 11.01% | Avg. Invested days 112 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1.3 | 52 Weeks Range 23.09 - 25.44 | Updated Date 06/29/2025 |
52 Weeks Range 23.09 - 25.44 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 8.20% | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 46.92% | Operating Margin (TTM) 60.6% |
Management Effectiveness
Return on Assets (TTM) 1.59% | Return on Equity (TTM) 14.81% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 4789603840 | Price to Sales(TTM) - |
Enterprise Value 4789603840 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 29298222 |
Shares Outstanding - | Shares Floating 29298222 | ||
Percent Insiders - | Percent Institutions 15.62 |
Upturn AI SWOT
Merchants Bancorp
Company Overview
History and Background
Merchants Bancorp was founded in 1990 in Carmel, Indiana. It has grown organically and through acquisitions, expanding its range of financial services and geographic footprint. Its early focus was on commercial real estate lending, which continues to be a core competency. Over time, it has added multifamily housing and mortgage warehouse lending to its portfolio.
Core Business Areas
- Multifamily Mortgage Banking: Provides financing for multifamily properties, including apartments, student housing, and senior living facilities.
- Mortgage Warehousing: Offers short-term financing to mortgage originators, allowing them to fund loans before selling them into the secondary market.
- Commercial Real Estate Lending: Provides financing for various commercial real estate projects, including office buildings, retail centers, and industrial properties.
- Banking: Offers traditional banking services, including deposit accounts, loans, and treasury management solutions.
Leadership and Structure
Michael F. Petrie serves as the Chairman and CEO. The company has a traditional corporate structure with executive leadership responsible for each business segment and support functions.
Top Products and Market Share
Key Offerings
- Market Share (%): Variable based on geography and product niche.
- Multifamily Loans: Provides financing for the acquisition, refinance, or construction of multifamily properties. Market share is difficult to pinpoint precisely; however, Merchants is a significant player in this space. Competitors include Walker & Dunlop, Greystone, and Arbor Realty Trust. Revenue numbers from this product drive major revenue of the company.
- Market Share (%): Variable based on geography and product niche.
- Mortgage Warehouse Lending: Offers lines of credit to independent mortgage bankers. Market share information is difficult to obtain as this is a fragmented space. Competitors include Flagstar Bank, Texas Capital Bank, and various regional banks. Revenue numbers from this product drive major revenue of the company.
Market Dynamics
Industry Overview
The financial services industry is currently subject to interest rate volatility, regulatory changes, and increased competition from both traditional and non-traditional lenders. Consolidation is also prevalent.
Positioning
Merchants Bancorp positions itself as a specialist lender with expertise in multifamily and commercial real estate finance. Its competitive advantages include its deep industry knowledge, strong relationships with borrowers, and ability to offer customized financing solutions.
Total Addressable Market (TAM)
The total addressable market (TAM) for multifamily and commercial real estate lending is in the hundreds of billions of dollars annually. Merchants Bancorp's market share represents a small but significant portion of this TAM.
Upturn SWOT Analysis
Strengths
- Specialized Expertise
- Strong Relationships
- Experienced Management Team
- Diversified Revenue Streams (within CRE)
- Solid Credit Quality
Weaknesses
- Interest Rate Sensitivity
- Geographic Concentration (Midwest Focused)
- Reliance on Wholesale Funding
- Smaller Size Compared to National Banks
- Exposure to Real Estate Cycles
Opportunities
- Expansion into New Geographies
- Increased Demand for Multifamily Housing
- Growing Mortgage Warehouse Lending Market
- Strategic Acquisitions
- Development of New Products and Services
Threats
- Rising Interest Rates
- Economic Downturn
- Increased Competition
- Regulatory Changes
- Credit Losses
Competitors and Market Share
Key Competitors
- WAFD
- TCBI
- LADR
- BXMT
Competitive Landscape
Merchants Bancorp's advantages include its specialized expertise and strong relationships. Disadvantages include its smaller size and geographic concentration.
Major Acquisitions
Farmers & Merchants Bancorp of Illinois, Inc
- Year: 2021
- Acquisition Price (USD millions): 30
- Strategic Rationale: Expanded their presence and products in Illinois
Growth Trajectory and Initiatives
Historical Growth: Review of historical revenue, earnings, and asset growth rates over the past several years.
Future Projections: Based on analyst estimates (available from financial data providers), projections can be provided for future revenue, earnings, and EPS growth.
Recent Initiatives: Recent initiatives could include new product launches, geographic expansion, or strategic partnerships. Review of company press releases and investor presentations would be needed.
Summary
Merchants Bancorp is a specialized lender focused on multifamily and commercial real estate finance. Its strengths lie in its expertise and relationships, but its smaller size and interest rate sensitivity are challenges. Expansion into new markets and products represents significant opportunities. Close monitoring of economic conditions and competition is crucial for sustained success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Merchants Bancorp Investor Relations
- SEC Filings
- Yahoo Finance
- Company Press Releases
Disclaimers:
The information provided is for informational purposes only and should not be construed as financial advice. Market share data is approximate. The AI-based rating is based on the available data and may not reflect all factors.
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 2022-09-23 | 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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