Merchants Bancorp (MBIN) vs Stock Yards Bancorp, Inc. (SYBT)
A side-by-side comparison of Merchants Bancorp and Stock Yards Bancorp, 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 SYBT
growth of $100 · dividends reinvested · last 9yMBIN vs SYBT: by the numbers
- •MBIN is the larger company ($2.29B vs $2.28B market cap).
- •MBIN trades at the lower trailing earnings multiple (10.01 vs 15.36 P/E), one valuation lens rather than an overall verdict.
- •SYBT converts more revenue to profit (26.72% vs 20.51% net margin).
- •MBIN grew revenue faster over the past five years (23.60% vs 21.61% CAGR).
- •SYBT pays the higher dividend yield (1.67% vs 0.86%).
Metrics side by side
Valuation
| Metric | MBIN | SYBT |
|---|---|---|
| P/E ratio | 10.01 | 15.36 |
| Forward P/E | 8.94 | 14.82 |
| PEG ratio | N/A | 1.19 |
| P/S ratio | 1.75 | 4.07 |
| P/B ratio | 1.24 | 1.91 |
Profitability
| Metric | MBIN | SYBT |
|---|---|---|
| Operating margin | 21.15% | 34.05% |
| Net margin | 20.51% | 26.72% |
| ROE | 11.22% | 12.56% |
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.
Stock Yards Bancorp, 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 | SYBT |
|---|---|---|
| Dividend yield | 0.86% | 1.67% |
| Payout ratio | 8.63% | 25.70% |
Growth (annualized)
| Metric | MBIN | SYBT |
|---|---|---|
| Revenue CAGR (5Y) | 23.60% | 21.61% |
| EPS CAGR (5Y) | -0.37% | 12.82% |
| Total return CAGR (5Y) | 13.50% | 6.99% |
Frequently asked
- Which has the lower trailing P/E, MBIN or SYBT?
- MBIN has the lower trailing P/E: MBIN trades at 10.01 and SYBT at 15.36. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, MBIN or SYBT?
- Over the past five years, MBIN grew revenue faster — MBIN at a 23.60% CAGR versus SYBT at 21.61%.
- Does MBIN or SYBT pay a bigger dividend?
- MBIN yields 0.86% and SYBT yields 1.67% based on trailing dividends and the latest price.
- Is MBIN or SYBT more profitable?
- SYBT runs the higher net margin — MBIN at 20.51% versus SYBT at 26.72%.
- How have MBIN and SYBT total returns compared?
- Over the past 5 years, MBIN delivered 13.50% and SYBT delivered 6.99% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Merchants Bancorp & Stock Yards 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.