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Merchants BancorpMBIN -1.70%78 Debt-to-Equity is 1.99 as of Mar. 2026, which is 202% above its 10-year median of 0.66. GuruFocus rates MBIN with a GF Score™ of 78/100 and a GF Value™ of $42.71 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 1,417 Banks companies, Merchants Bancorp ranks worse than 85.32% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Merchants Bancorp's Debt-to-Equity or its related term are showing as below:
MBIN'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.66 Max: 2.49
Current: 1.99
During the past 11 years, the highest Debt-to-Equity Ratio of Merchants Bancorp was 2.49. The lowest was 0.07. And the median was 0.66.
MBIN's Debt-to-Equity is ranked worse than 85.32% of 1417
companies
in the Banks industry
Industry Median: 0.57
vs MBIN: 1.99
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Merchants Bancorp Debt-to-Equity Related Terms
Merchants Bancorp Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Merchants Bancorp's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MBIN vs BANR, BLX, HAPN: Debt-to-Equity Comparison
For the Banks - Regional subindustry, Merchants Bancorp's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Merchants Bancorp Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Merchants Bancorp's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Merchants Bancorp's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Merchants Bancorp (MBIN) has a Debt-to-Equity of 1.99 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Merchants Bancorp and its competitors. This is 202% above median its historical median of 0.66. Over the past decade, Merchants Bancorp's Debt-to-Equity has ranged from 0.07 to 2.49. According to the industry distribution chart, Merchants Bancorp ranks #1209 out of 1417 companies in the Banks industry, placing it in the top 85.3%.
Is Merchants Bancorp's Debt-to-Equity too high?
Merchants Bancorp's current Debt-to-Equity of 1.99 is 202% above median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 2.49. The Banks industry median Debt-to-Equity is 0.57. Merchants Bancorp's value of 1.99 is 249.1% above this industry median. Based on the distribution chart, Merchants Bancorp ranks #1209 out of 1417 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Merchants Bancorp has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merchants Bancorp's Debt-to-Equity compare to BANR and BLX?
According to the Banks industry distribution chart, Merchants Bancorp ranks #1209 out of 1417 companies for Debt-to-Equity. This places Merchants Bancorp in the lower half of its industry. The industry median Debt-to-Equity is 0.57. Merchants Bancorp's value of 1.99 is 249.1% above this benchmark. Historically, Merchants Bancorp's own Debt-to-Equity has ranged from 0.07 to 2.49 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 0.57, Merchants Bancorp has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.57, based on 1,417 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merchants Bancorp's current Debt-to-Equity of 1.99 is 249.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Merchants Bancorp and its competitors. For the Banks industry, the median Debt-to-Equity is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merchants Bancorp's current Debt-to-Equity is 1.99, which is 202% above median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merchants Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Merchants Bancorp (MBIN) is currently considered Modestly Overvalued. The stock's GF Value™ is $42.71, compared to a current price of $48.10 — trading 12.6% above its estimated fair value. The current Debt-to-Equity is 1.99, which is 202% above median its 10-year median of 0.66 and 249.1% above the Banks industry median of 0.57. Merchants Bancorp's overall GF Score™ is 78/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Merchants Bancorp (MBIN), the current Debt-to-Equity is 1.99 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Merchants Bancorp (MBIN) Overvalued in 2026?
Based on GuruFocus' analysis, Merchants Bancorp stock appears to be overvalued.
The current stock price of $48.10 is trading 12.6% above its estimated GF Value™ of $42.71.
GuruFocus considers Merchants Bancorp to be Modestly Overvalued.
Key valuation signals for MBIN:
Debt-to-Equity: 1.99 (202% above median its 10-year median of 0.66)
GF Value™: $42.71 vs. price of $48.10 (12.6% above fair value)
Industry Position: 249.1% above the Banks median (#1209 of 1417)
No single metric tells the full story. See the MBIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merchants Bancorp is a United States-based bank holding company operating multiple lines of business focused on FHA multi-family housing and healthcare facility financing and servicing, retail and correspondent residential mortgage banking, and traditional community banking. Its segments include Multi-family Mortgage Banking, which originates and services government-sponsored mortgages for multi-family and healthcare facilities; Mortgage Warehousing, which offers mortgage warehouse financing, commercial loans and deposit services; and the Banking segment, which generates maximum revenue and provides portfolio lending for multi-family and healthcare facility loans, residential mortgage banking, agricultural lending, SBA lending and community banking.
78GF Score
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