Merchants Bancorp (MBIN) vs Northwest Bancshares, Inc. (NWBI)
A side-by-side comparison of Merchants Bancorp and Northwest Bancshares, Inc. 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 — MBIN vs NWBI
growth of $100 · dividends reinvested · last 9yMBIN vs NWBI: by the numbers
- •MBIN is the larger company ($2.29B vs $2.19B market cap).
- •MBIN trades at the lower trailing earnings multiple (10.00 vs 14.46 P/E), one valuation lens rather than an overall verdict.
- •MBIN converts more revenue to profit (20.51% vs 18.13% net margin).
- •MBIN grew revenue faster over the past five years (23.60% vs 8.43% CAGR).
- •NWBI pays the higher dividend yield (5.31% vs 0.86%).
Metrics side by side
Valuation
| Metric | MBIN | NWBI |
|---|---|---|
| P/E ratio | 10.00 | 14.46 |
| Forward P/E | 8.94 | 10.62 |
| PEG ratio | N/A | 1.76 |
| P/S ratio | 1.75 | 2.59 |
| P/B ratio | 1.24 | 1.13 |
Profitability
| Metric | MBIN | NWBI |
|---|---|---|
| Operating margin | 21.15% | 15.93% |
| Net margin | 20.51% | 18.13% |
| ROE | 11.22% | 7.94% |
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.
Northwest Bancshares, Inc.: 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 | MBIN | NWBI |
|---|---|---|
| Dividend yield | 0.86% | 5.31% |
| Payout ratio | 8.63% | 77.49% |
Growth (annualized)
| Metric | MBIN | NWBI |
|---|---|---|
| Revenue CAGR (5Y) | 23.60% | 8.43% |
| EPS CAGR (5Y) | -0.37% | 8.45% |
| Total return CAGR (5Y) | 13.50% | 8.67% |
Frequently asked
- Which has the lower trailing P/E, MBIN or NWBI?
- MBIN has the lower trailing P/E: MBIN trades at 10.00 and NWBI at 14.46. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, MBIN or NWBI?
- Over the past five years, MBIN grew revenue faster — MBIN at a 23.60% CAGR versus NWBI at 8.43%.
- Does MBIN or NWBI pay a bigger dividend?
- MBIN yields 0.86% and NWBI yields 5.31% based on trailing dividends and the latest price.
- Is MBIN or NWBI more profitable?
- MBIN runs the higher net margin — MBIN at 20.51% versus NWBI at 18.13%.
- How have MBIN and NWBI total returns compared?
- Over the past 5 years, MBIN delivered 13.50% and NWBI delivered 8.67% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Merchants Bancorp & Northwest Bancshares 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.