Merchants Bancorp

Fundamentals4.0
Price Action3.0
News Sentiment3.0
AI Rating
4.0

Key Drivers

  • High Leverage
  • Weak Liquidity
  • Negative Cash Flow

AI
AI Summary

4.0

MBIN should now be viewed less as a cheap, profitable regional bank and more as a funding-quality/disclosure-risk story, because the Q1 earnings beat is being overshadowed by a ~50% drop in brokered deposits, rising funding costs, and legal scrutiny that put earnings durability and margin stability in question.

FundingRisk
Legal
MarginPressure

Price Chart

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Financial Metrics

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Revenue (TTM)
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Net Income (TTM)
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EPS (Q)
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MCAP

Deep Analysis

Research tool. Not personalized advice.

Fundamental Analysis

4.0

Key Financial Insights:

  • High Leverage
  • Weak Liquidity
  • Negative Cash Flow

MBIN posted solid profitability and trades at a modest valuation, but high leverage, declining cash, and persistently negative operating/free cash flow are the key risks.

leverage
cashflow

Price Behavior

3.0
Research tool. Not personalized advice. Technical analysis is for informational purposes only.

Key Price Behavior Insights:

  • Lower highs
  • Support holding
  • Reclaim needed

Over the last month, MBIN remains in a fragile downtrend with support in the $44.37-$45.00 zone, but it needs to reclaim $45.70-$46.80 to shift momentum higher.

MBIN
downtrend
Support Level: $44.37-$45.00
Resistance Level: $45.70-$46.80

Sharp drop from $49.63 on 2026-04-28 to $45.00 on 2026-04-29 signaled a breakdown

Sentiment & News

3.0

Key News Insights:

  • EPS Beat
  • Funding Strain
  • Legal Scrutiny

Merchants Bancorp beat Q1 EPS estimates, but the move was overshadowed by rising funding costs, shrinking brokered deposits, a 124% loan-to-deposit ratio, and multiple securities-law investigations after the stock fell 9.3%.

MBIN
FundingPressure

The earnings beat is likely being outweighed by liquidity and disclosure concerns, which could keep pressure on MBIN shares