Merchants Bancorp (Indiana)

  • Market Cap: Small Cap
  • Industry: Regional Banks
  • ISIN: US58844R1086
USD
34.63
1.62 (4.91%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

137.96 k

Shareholding (Mar 2025)

FII

3.70%

Held by 75 FIIs

DII

77.74%

Held by 22 DIIs

Promoter

0.84%

How big is Merchants Bancorp (Indiana)?

22-Jun-2025

As of Jun 18, Merchants Bancorp (Indiana) has a market capitalization of 1,406.73 million, with total assets of 18,835.19 million and shareholder's funds of 2,243.31 million.

Market Cap: As of Jun 18, Merchants Bancorp (Indiana) has a market capitalization of 1,406.73 million, classifying it as a Small Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, the sum of interest earned is 1,275.75 million, and the sum of net profit is 291.57 million.<BR><BR>Balance Sheet Snapshot: As of Dec 24, the shareholder's funds amount to 2,243.31 million, and total assets are reported at 18,835.19 million.

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What does Merchants Bancorp (Indiana) do?

22-Jun-2025

Merchants Bancorp (Indiana) is a diversified bank holding company specializing in FHA multi-family housing and healthcare facility financing, with a recent net profit of $58 million and a market cap of approximately $1.41 billion. Key metrics include a P/E ratio of 5.00 and a return on equity of 13.49%.

Overview: <BR>Merchants Bancorp (Indiana) is a diversified bank holding company operating in the Regional Banks industry, focusing on FHA multi-family housing and healthcare facility financing, among other financial services.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 287 Million (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 58 Million (Quarterly Results - Mar 2025) <BR>Market-cap: USD 1,406.73 Million (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 5.00 <BR>Dividend Yield: 0.12% <BR>Debt Equity: 0.00 <BR>Return on Equity: 13.49% <BR>Price to Book: 0.65<BR><BR>Contact Details: <BR>Address: 410 Monon Blvd, CARMEL IN: 46032-2345 <BR>Tel: 1 317 5697420

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Should I buy, sell or hold Merchants Bancorp (Indiana)?

22-Jun-2025

Who are in the management team of Merchants Bancorp (Indiana)?

22-Jun-2025

As of March 2022, the management team of Merchants Bancorp (Indiana) includes CEO Michael Petrie, President Michael Dunlap, Vice Chairman Randall Rogers, and several independent directors. This team oversees the company's governance and operations.

As of March 2022, the management team of Merchants Bancorp (Indiana) includes the following individuals:<BR><BR>- Mr. Michael Petrie: Chairman of the Board, Chief Executive Officer<BR>- Mr. Michael Dunlap: President and Chief Operating Officer of the Company and Chief Executive Officer of Merchants Bank<BR>- Mr. Randall Rogers: Vice Chairman of the Board<BR>- Mr. Scott Evans: Lynn Market President and Chief Operating Officer of Merchants Bank<BR>- Ms. Sue Gilroy: Independent Director<BR>- Mr. Andrew Juster: Independent Director<BR>- Mr. Patrick O'Brien: Independent Director<BR>- Ms. Anne Sellers: Independent Director<BR>- Mr. David Shane: Independent Director<BR><BR>This team comprises a mix of executive leadership and independent directors, contributing to the governance and operational oversight of the company.

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Is Merchants Bancorp (Indiana) overvalued or undervalued?

20-Sep-2025

As of July 7, 2025, Merchants Bancorp is considered undervalued with a P/E ratio of 5 and a Price to Book Value of 0.69, despite a year-to-date return of -9.51%, while its five-year appreciation of 130.55% outpaces the S&P 500's 96.61% increase.

As of 7 July 2025, the valuation grade for Merchants Bancorp (Indiana) has moved from expensive to attractive, indicating a shift in market perception. The company appears to be undervalued, with a P/E ratio of 5, significantly lower than peers such as Renasant Corp. at 21.73 and WesBanco, Inc. at 17.59. Additionally, the Price to Book Value stands at 0.69, while the EV to EBITDA ratio is 0.76, both suggesting that the stock is trading at a discount relative to its intrinsic value.<BR><BR>In terms of performance, Merchants Bancorp has had a mixed return profile, with a year-to-date return of -9.51%, contrasting sharply with the S&P 500's gain of 12.22% during the same period. However, over the last five years, the stock has appreciated by 130.55%, outpacing the S&P 500's 96.61% increase, which reinforces the attractiveness of its current valuation.

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Is Merchants Bancorp (Indiana) technically bullish or bearish?

28-Oct-2025

As of October 24, 2025, Merchants Bancorp's trend is mildly bearish due to daily moving averages and KST signals, despite some support from weekly MACD and Dow Theory, with the stock underperforming year-to-date by 9.84% compared to the S&P 500's 15.47% gain.

As of 24 October 2025, the technical trend for Merchants Bancorp (Indiana) has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish trend and the KST showing bearish signals on both weekly and monthly time frames. However, the weekly MACD and Dow Theory are mildly bullish, providing some support against the bearish indicators. <BR><BR>In terms of performance, the stock has outperformed the S&P 500 over the past week and month, but it has significantly underperformed on a year-to-date and one-year basis. The stock is down 9.84% YTD compared to the S&P 500's gain of 15.47%.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

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Dashboard
1

High Management Efficiency with a high ROA of 1.57%

 
2

Strong Long Term Fundamental Strength with an average Return on Assets (ROA) of 1.57%

 
3

Healthy long term growth as Net Interest Income (ex other income) has grown by an annual rate of 0% and Net profit at 16.88%

 
4

Flat results in Jun 25

5

With ROA of 1.06%, it has a attractive valuation with a 0.69 Price to Book Value

6

High Institutional Holdings at 97.97%

7

Below par performance in long term as well as near term

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Regional Banks

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Market cap

USD 1,507 Million (Small Cap)

stock-summary
P/E

5.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.11%

stock-summary
Debt Equity

0.00

stock-summary
Return on Equity

11.59%

stock-summary
Price to Book

0.69

Revenue and Profits:
Net Sales:
304 Million
(Quarterly Results - Jun 2025)
Net Profit:
38 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
7.75%
0%
7.75%
6 Months
8.76%
0%
8.76%
1 Year
-13.47%
0%
-13.47%
2 Years
1.02%
0%
1.02%
3 Years
36.5%
0%
36.5%
4 Years
-22.82%
0%
-22.82%
5 Years
95.65%
0%
95.65%

Merchants Bancorp (Indiana) for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
37.77%
EBIT Growth (5y)
16.66%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
0
Dividend Payout Ratio
5.71%
Pledged Shares
0
Institutional Holding
97.97%
ROCE (avg)
0
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
5
Industry P/E
Price to Book Value
0.69
EV to EBIT
0.76
EV to EBITDA
0.76
EV to Capital Employed
0.30
EV to Sales
0.23
PEG Ratio
NA
Dividend Yield
0.12%
ROCE (Latest)
39.72%
ROE (Latest)
13.49%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 58 Schemes (17.71%)

Foreign Institutions

Held by 75 Foreign Institutions (3.7%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
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stock-summaryCompany CV
About Merchants Bancorp (Indiana) stock-summary
stock-summary
Merchants Bancorp (Indiana)
Regional Banks
Merchants Bancorp is a diversified bank holding bank. The Bank operate multiple lines of business with a focus on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking. The Bank operates in three primary segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. The Mortgage Warehousing segment funds agency eligible residential loans from origination or purchase to sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products.
Company Coordinates stock-summary
Company Details
410 Monon Blvd , CARMEL IN : 46032-2345
stock-summary
Tel: 1 317 5697420
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stock-summary
Registrar Details