Which has the lower trailing P/E, MBINM or WAFDP?

WAFDP has the lower trailing P/E: MBINM trades at 5.09 and WAFDP at 4.71. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MBINM or WAFDP?

Over the past five years, MBINM grew revenue faster — MBINM at a 23.60% CAGR versus WAFDP at 16.67%.

Does MBINM or WAFDP pay a bigger dividend?

MBINM yields 8.13% and WAFDP yields 7.92% based on trailing dividends and the latest price.

Is MBINM or WAFDP more profitable?

MBINM runs the higher net margin — MBINM at 20.51% versus WAFDP at 18.47%.

Merchants Bancorp (MBINM) vs WaFd, Inc. (WAFDP)

A side-by-side comparison of Merchants Bancorp and WaFd, 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.

MBINM

Merchants Bancorp

$2.53B

$25.34Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

WAFDP

WaFd, Inc.

$2.57B

$15.39Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — MBINM vs WAFDP

growth of $100 · dividends reinvested · last 4y

MBINM +41.9% (+9.1%/yr)WAFDP +11.1% (+2.7%/yr)MBINM compounded faster over this window

MBINM WAFDP

MBINM vs WAFDP: by the numbers

•WAFDP is the larger company ($2.57B vs $2.53B market cap).
•WAFDP trades at the lower trailing earnings multiple (4.71 vs 5.09 P/E), one valuation lens rather than an overall verdict.
•MBINM converts more revenue to profit (20.51% vs 18.47% net margin).
•MBINM grew revenue faster over the past five years (23.60% vs 16.67% CAGR).
•MBINM pays the higher dividend yield (8.13% vs 7.92%).

Metrics side by side

Valuation

Metric	MBINM	WAFDP
P/E ratio	5.09	4.71
Forward P/E	4.55	4.38
PEG ratio	N/A	1.53
P/S ratio	1.93	1.85
P/B ratio	1.37	0.94

Profitability

Metric	MBINM	WAFDP
Operating margin	21.15%	23.63%
Net margin	20.51%	18.47%
ROE	11.22%	8.49%

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.

WaFd, 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	MBINM	WAFDP
Dividend yield	8.13%	7.92%
Payout ratio	41.41%	37.27%

Growth (annualized)

Metric	MBINM	WAFDP
Revenue CAGR (5Y)	23.60%	16.67%
EPS CAGR (5Y)	-0.37%	3.16%
Total return CAGR (5Y)	N/A	-3.07%

Frequently asked

Which has the lower trailing P/E, MBINM or WAFDP?: WAFDP has the lower trailing P/E: MBINM trades at 5.09 and WAFDP at 4.71. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MBINM or WAFDP?: Over the past five years, MBINM grew revenue faster — MBINM at a 23.60% CAGR versus WAFDP at 16.67%.
Does MBINM or WAFDP pay a bigger dividend?: MBINM yields 8.13% and WAFDP yields 7.92% based on trailing dividends and the latest price.
Is MBINM or WAFDP more profitable?: MBINM runs the higher net margin — MBINM at 20.51% versus WAFDP at 18.47%.

Go deeper

Full MBINM analysis Full WAFDP analysis Interactive comparison tool

Dig into the metrics

Merchants Bancorp P/E ratio WaFd P/E ratio Merchants Bancorp dividend yield WaFd dividend yield Merchants Bancorp ROE WaFd ROE Merchants Bancorp operating margin WaFd operating margin Merchants Bancorp revenue growth WaFd revenue growth

Merchants Bancorp & WaFd appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Lowest P/E Ratio Stocks

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.