Merchants BancorpMBIN +0.42%78 Net Margin % is 38.91% as of Mar. 2026, which is 20% below its 10-year median of 48.84. GuruFocus rates MBIN with a GF Score™ of 78/100 and a GF Value™ of $42.65 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 1,526 Banks companies, Merchants Bancorp ranks better than 68.55% on this metric.
The historical rank and industry rank for Merchants Bancorp's Net Margin % or its related term are showing as below:
MBIN'
s Net Margin % Range Over the Past 10 Years
Min: 32.3 Med: 48.84 Max: 53.1
Current: 32.32
MBIN's Net Margin % is ranked better than 68.55% of 1526
companies
in the Banks industry
Industry Median: 26.97
vs MBIN: 32.32
Merchants Bancorp (NAS:MBIN) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Merchants Bancorp Net Margin % Related Terms
Merchants Bancorp Net Margin % Historical Data
* Premium members only.
The historical data trend for Merchants Bancorp's Net Margin % 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.
For the Banks - Regional subindustry, Merchants Bancorp's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Merchants Bancorp's Net Margin % distribution charts can be found below:
* The bar in red indicates where Merchants Bancorp's Net Margin % 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 Net Margin % of 38.91% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Merchants Bancorp and its competitors. This is 20% below median its historical median of 48.84. Over the past decade, Merchants Bancorp's Net Margin % has ranged from 32.30 to 53.10. According to the industry distribution chart, Merchants Bancorp ranks #480 out of 1526 companies in the Banks industry, placing it in the top 31.5%.
Is Merchants Bancorp's Net Margin % too high?
Merchants Bancorp's current Net Margin % of 38.91% is 20% below median its 10-year median of 48.84. Over the past 10 years, this metric has ranged from a low of 32.30 to a high of 53.10. The Banks industry median Net Margin % is 26.97. Merchants Bancorp's value of 38.91% is 44.3% above this industry median. Based on the distribution chart, Merchants Bancorp ranks #480 out of 1526 companies in the Banks industry, which is above the industry midpoint. 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 Net Margin % compare to BANR and SYBT?
According to the Banks industry distribution chart, Merchants Bancorp ranks #480 out of 1526 companies for Net Margin %. This puts Merchants Bancorp in the upper half of its industry. The industry median Net Margin % is 26.97. Merchants Bancorp's value of 38.91% is 44.3% above this benchmark. Historically, Merchants Bancorp's own Net Margin % has ranged from 32.30 to 53.10 over the past decade. While the company's 10-year median is 48.84 vs. the industry median of 26.97, 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 Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.97, based on 1,526 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merchants Bancorp's current Net Margin % of 38.91% is 44.3% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Merchants Bancorp and its competitors. For the Banks industry, the median Net Margin % is 26.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merchants Bancorp's current Net Margin % is 38.91%, which is 20% below median its own 10-year median of 48.84. 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 $42.65, compared to a current price of $50.04 — trading 17.3% above its estimated fair value. The current Net Margin % is 38.91%, which is 20% below median its 10-year median of 48.84 and 44.3% above the Banks industry median of 26.97. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Merchants Bancorp (MBIN), the current Net Margin % is 38.91% 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 $50.04 is trading 17.3% above its estimated GF Value™ of $42.65.
GuruFocus considers Merchants Bancorp to be Modestly Overvalued.
Key valuation signals for MBIN:
Net Margin %: 38.91% (20% below median its 10-year median of 48.84)
GF Value™: $42.65 vs. price of $50.04 (17.3% above fair value)
Industry Position: 44.3% above the Banks median (#480 of 1526)
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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