NASD · Financial · Banks - Regional · USA
Merchants Bancorp is a mid cap company (market value between $2 billion and $10 billion) in the Banks - Regional industry.
Merchants Bancorp is a bank holding company operating through multiple business segments: Multi-family Mortgage Banking specializes in originating and servicing loans for affordable housing and healthcare facilities, including tax credit syndication; Mortgage Warehousing provides asset-based financing to mortgage bankers and financial institutions; and Banking offers community banking, commercial and agricultural lending, SBA lending, and residential mortgage services across multiple states.
From its FY2025 annual report (Form 10-K)
Intrinsic value, DCF valuation, financial health and value investing analysis for the Merchants Bancorp stock.
Slightly undervalued: intrinsic value $52.65 per share, market price $47.61, margin of safety 9.6% (as of 2026-10-19).
Book value at 1.14x, the multiple a 11.7% return on equity justifies, blended with earnings, values the shares at $52.65; the price of $47.61 is 10% below that value.
Leak Score: 32/100 on 11 of 12 signals (On Watch).
17 more funds hold it; the full list is part of the paid plan.
All 323 Banks - Regional stocks
104 more in this industry show a wider margin of safety.
MBIN is slightly undervalued (as of the 2026-10-19 close). Book value at 1.14x, the multiple a 11.7% return on equity justifies, blended with earnings, values the shares at $52.65; the price of $47.61 is 10% below that value.
$52.65 per share (as of the 2026-10-19 close), against a market price of $47.61. That is a margin of safety of 9.6%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.
32 out of 100, which we rate "On Watch", on 11 of 12 value investing signals.