Merchants Bancorp Announces Q3 Earnings Per Share of 97 Cents, Exceeding Consensus Estimate of 79 Cents
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2025
0mins
Record Tangible Book Value: Q3 tangible book value per common share reached a record-high of $36.31, marking a 12% increase from $32.38 last year and a 3% increase from $35.42 in Q2.
Strong Earnings Rebound: The company reported a strong rebound in earnings this quarter, attributed to improved credit quality and disciplined execution.
Credit Risk Transfers: Merchants successfully implemented credit risk transfers, including a $557M healthcare loan pool, enhancing capital efficiency and reducing risk exposure.
Core Business Resilience: The strong activity in gain on sale of loans this quarter highlights the resilience and strength of the company's core businesses, as noted by Chairman and CEO Michael F. Petrie.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on MBIN
Wall Street analysts forecast MBIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MBIN is 41.00 USD with a low forecast of 40.00 USD and a high forecast of 42.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 34.950
Low
40.00
Averages
41.00
High
42.00
Current: 34.950
Low
40.00
Averages
41.00
High
42.00
About MBIN
Merchants Bancorp is a diversified bank holding company. The Company conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage. The Company operates through multiple segments, including Multi-family Mortgage Banking, which primarily offers multifamily housing and healthcare facility financing and servicing (through this segment it also serves as a syndicator of low-income housing tax credit and debt funds); Mortgage Warehousing, which offers mortgage warehouse financing, commercial loans, and deposit services, and Banking, which offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bank of Indiana has seven depository branches located in Carmel, Indianapolis, Lynn, Spartanburg, and Richmond, Indiana.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Merchants Bancorp Approves $100 Million Stock Repurchase Program
- Repurchase Program Approval: Merchants Bancorp's Board of Directors has approved a stock repurchase program of up to $100 million, set to expire on December 31, 2027, aimed at enhancing shareholder value and boosting market confidence.
- Flexible Repurchase Mechanism: The program allows the company to repurchase shares in the open market at prices and quantities deemed appropriate by management, demonstrating the company's sensitivity to market conditions and its ability to respond flexibly.
- Strong Financial Position: As of December 31, 2025, Merchants Bancorp reported $19.4 billion in assets and $13.0 billion in deposits, indicating robust financial and regulatory conditions that support the repurchase initiative.
- Diversified Business Structure: As a diversified bank holding company, Merchants Bancorp operates across multiple segments, including multi-family mortgage banking and traditional community banking, enhancing its market competitiveness and risk resilience.
Continue Reading
Johnson Fistel Investigates Merchants Bancorp for Securities Violations
- Investigation Background: Johnson Fistel, PLLP is investigating whether Merchants Bancorp violated securities laws by misrepresenting or failing to timely disclose information, which could impact the company's reputation and stock price.
- Investor Losses: The investigation focuses on whether investor losses can be recovered under federal securities laws, and unfavorable findings could expose the company to legal liabilities and compensation risks.
- Whistleblower Program: The firm encourages individuals with relevant nonpublic information to assist in the investigation or utilize the SEC Whistleblower program, which offers rewards of up to 30% for successful information provided, promoting transparency.
- Law Firm Overview: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm that specializes in representing individual and institutional investors in shareholder derivative and securities class action lawsuits, demonstrating its expertise and influence in protecting investor rights.
Continue Reading