First Busey Corporation (BUSE) vs Merchants Bancorp (MBINN)
A side-by-side comparison of First Busey Corporation and Merchants Bancorp across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — BUSE vs MBINN
growth of $100 · dividends reinvested · last 6yBUSE vs MBINN: by the numbers
- •BUSE is the larger company ($2.50B vs $2.38B market cap).
- •MBINN trades at the lower trailing earnings multiple (3.79 vs 10.68 P/E), one valuation lens rather than an overall verdict.
- •BUSE converts more revenue to profit (24.65% vs 20.51% net margin).
- •MBINN grew revenue faster over the past five years (23.60% vs 16.75% CAGR).
- •MBINN pays the higher dividend yield (7.92% vs 3.49%).
Metrics side by side
Valuation
| Metric | BUSE | MBINN |
|---|---|---|
| P/E ratio | 10.68 | 3.79 |
| Forward P/E | 11.61 | 3.38 |
| P/S ratio | 2.67 | 1.82 |
| P/B ratio | 1.05 | 1.29 |
Profitability
| Metric | BUSE | MBINN |
|---|---|---|
| Operating margin | 16.52% | 21.15% |
| Net margin | 24.65% | 20.51% |
| ROE | 9.69% | 11.22% |
First Busey Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Merchants Bancorp: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | BUSE | MBINN |
|---|---|---|
| Dividend yield | 3.49% | 7.92% |
| Payout ratio | 37.18% | 30.12% |
Growth (annualized)
| Metric | BUSE | MBINN |
|---|---|---|
| Revenue CAGR (5Y) | 16.75% | 23.60% |
| EPS CAGR (5Y) | -4.13% | -0.37% |
| Total return CAGR (5Y) | 7.08% | 0.54% |
Frequently asked
- Which has the lower trailing P/E, BUSE or MBINN?
- MBINN has the lower trailing P/E: BUSE trades at 10.68 and MBINN at 3.79. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, BUSE or MBINN?
- Over the past five years, MBINN grew revenue faster — BUSE at a 16.75% CAGR versus MBINN at 23.60%.
- Does BUSE or MBINN pay a bigger dividend?
- BUSE yields 3.49% and MBINN yields 7.92% based on trailing dividends and the latest price.
- Is BUSE or MBINN more profitable?
- BUSE runs the higher net margin — BUSE at 24.65% versus MBINN at 20.51%.
- How have BUSE and MBINN total returns compared?
- Over the past 5 years, BUSE delivered 7.08% and MBINN delivered 0.54% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
First Busey & Merchants Bancorp appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.