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.

Compare

Total return — BUSE vs MBINN

growth of $100 · dividends reinvested · last 6y
BUSE +39.5% (+5.7%/yr)MBINN +11.5% (+1.8%/yr)BUSE compounded faster over this window
80100120140Start $10020222023202420252026$140$111
BUSE MBINN

BUSE 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

MetricBUSEMBINN
P/E ratio10.683.79
Forward P/E11.613.38
P/S ratio2.671.82
P/B ratio1.051.29

Profitability

MetricBUSEMBINN
Operating margin16.52%21.15%
Net margin24.65%20.51%
ROE9.69%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

MetricBUSEMBINN
Dividend yield3.49%7.92%
Payout ratio37.18%30.12%

Growth (annualized)

MetricBUSEMBINN
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.

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.