Merchants Bancorp (MBIN) vs Merchants Bancorp (MBINL)

A side-by-side comparison of Merchants Bancorp 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.

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Note: MBIN and MBINL are two share classes of the same company (Merchants Bancorp), so their fundamentals are effectively identical. The figures below are shown side by side for reference. The main differences are voting rights and share price.
Merchants Bancorp logo
MBIN
Merchants Bancorp
$2.28B
$49.61Financial ServicesDelayed quote: Oct 6, 2026, 2:40 PM EDT
Merchants Bancorp logo
MBINL
Merchants Bancorp
$2.37B
$23.14Financial ServicesDelayed quote: Oct 6, 2026, 2:34 PM EDT

Total return — MBIN vs MBINL

growth of $100 · dividends reinvested · last 2y
MBIN +30.2% (+14.1%/yr)MBINL +6.6% (+3.3%/yr)MBIN compounded faster over this window
80100120140Start $10020252026$130$107
MBIN MBINL

Metrics side by side

Valuation

MetricMBINMBINL
P/E ratio9.964.65
Forward P/E8.904.15
P/S ratio1.741.81
P/B ratio1.241.29

Profitability

MetricMBINMBINL
Operating margin21.15%21.15%
Net margin20.51%20.51%
ROE11.22%11.22%

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.

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

MetricMBINMBINL
Dividend yield0.86%8.34%
Payout ratio8.63%38.31%

Growth (annualized)

MetricMBINMBINL
Revenue CAGR (5Y)23.60%23.60%
EPS CAGR (5Y)-0.37%-0.37%
Total return CAGR (5Y)13.50%N/A

Go deeper

Full MBIN analysisFull MBINL analysisInteractive comparison tool

Dig into the metrics

Merchants Bancorp P/E ratioMerchants Bancorp P/E ratioMerchants Bancorp dividend yieldMerchants Bancorp dividend yieldMerchants Bancorp ROEMerchants Bancorp ROEMerchants Bancorp operating marginMerchants Bancorp operating marginMerchants Bancorp revenue growthMerchants Bancorp revenue growth

Merchants Bancorp & Merchants Bancorp appear in these rankings

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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.