Merchants Bancorp (MBIN)

Merchants Asset Management, LLC • Merchants Capital 2021-FLI GP, LLC • Merchants Capital 2021-FLI LP, LLC • -MBI Midtown West, LLC • -MBI Midtown West II, LLC • -MBI Michigan 441, LLC • -OneTrust Funding, Inc. • -Ash Realty Holdings, LLC • -CMG Funding, LLC • -MCI PCR NMTC, LLC ...

MBIN stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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Merchants Bancorp Increases Quarterly Common Dividend by 11%; Declares Quarterly Common and Preferred Dividends

20 Feb 25

8-K

Merchants Bancorp Reports Fourth Quarter 2024 Results

Merchants Bancorp Announces Redemption of Its Series B Preferred Stock and Declares Quarterly Preferred Dividends on Series E Preferred Shares

26 Nov 24

8-K

Merchants Bancorp Closes Depositary Share Offering

25 Nov 24

CERT

Certification of approval for exchange listing

25 Nov 24

8-A12B

Registration of securities on exchange

25 Nov 24

8-K

Merchants Bancorp Declares Quarterly Common and Preferred Dividends

20 Nov 24

Latest ownership filings

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Notice of proposed sale of securities

Financial summary

Financial statements Chart MBIN financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	476.61 mm	476.61 mm	476.61 mm	476.61 mm	476.61 mm	476.61 mm
Cash burn (monthly)	41.77 mm	8.98 mm	(no burn)	(no burn)	3.33 mm	69.61 mm
Cash used (since last report)	86.11 mm	18.52 mm	n/a	n/a	6.86 mm	143.51 mm
Cash remaining	390.50 mm	458.09 mm	n/a	n/a	469.75 mm	333.10 mm
Runway (months of cash)	9.3	51.0	n/a	n/a	141.3	4.8

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

MBIN institutional ownership history Ownership history

97.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	169	174	-2.9%
Opened positions	29	29	–
Closed positions	34	29	+17.2%
Increased positions	62	62	–
Reduced positions	49	53	-7.5%

13F shares	Current	Prev Q	Change
Total value	1.52 tn	643.11 bn	+136.1%
Total shares	44.46 mm	18.15 mm	+145.0%
Total puts	16.10 k	3.80 k	+323.7%
Total calls	1.90 k	1.10 k	+72.7%
Total put/call ratio	8.5	3.5	+145.3%

Largest owners	Shares	Value	Change
Elser Financial Planning	27.26 mm	$994.21 bn	NEW
Michael F. Petrie	2.61 mm	$90.75 mm	-27.2%
BlackRock	1.53 mm	$55.63 bn	-1.2%
Dimensional Fund Advisors	1.27 mm	$46.21 bn	+11.7%
Vanguard	1.21 mm	$44.05 bn	-2.8%
Basswood Capital Management, L.L.C.	581.75 k	$21.22 bn	-3.4%
Royce & Associates	566.25 k	$20.65 bn	+15.5%
Geode Capital Management	565.66 k	$20.64 bn	-0.2%
GS The Goldman Sachs Group, Inc.	479.35 k	$17.48 bn	+4.8%
American Century Companies	474.90 k	$17.32 bn	+11.5%

Largest transactions	Shares	Bought/sold	Change
Elser Financial Planning	27.26 mm	+27.26 mm	NEW
Michael F. Petrie	2.61 mm	-977.76 k	-27.2%
MQBKY Macquarie Group Limited	260.82 k	+260.82 k	NEW
FHI Federated Hermes	21.66 k	-244.76 k	-91.9%
MS Morgan Stanley	291.51 k	-155.10 k	-34.7%
Dimensional Fund Advisors	1.27 mm	+132.84 k	+11.7%
Moran Wealth Management	96.64 k	+96.64 k	NEW
Endeavour Capital Advisors	96.22 k	+96.22 k	NEW
IVZ Invesco	471.43 k	-93.61 k	-16.6%
Maltese Capital Management	0.00	-91.00 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MBIN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Feb 25	Gilroy Sue Anne	Common Stock	Grant	Acquire A	No	No	42.82	409	17.51 k	11,669
20 Feb 25	Juster Andrew	Common Stock	Grant	Acquire A	No	No	42.82	409	17.51 k	23,776
20 Feb 25	O'Brien Patrick D.	Common Stock	Grant	Acquire A	No	No	42.82	409	17.51 k	117,325
20 Feb 25	Shane David N.	Common Stock	Grant	Acquire A	No	No	42.82	409	17.51 k	21,512
20 Feb 25	Thomas Dinwiddie	Common Stock	Grant	Acquire A	No	No	42.82	409	17.51 k	20,370