MBIN (Merchants Bancorp) Dividend Payout Ratio: 0.09 (As of Mar. 2026) — 50% Above Median


MBIN Merchants Bancorp MBIN
78 GF Score
Price $50.04
GF Value $42.65
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Merchants Bancorp Dividend Payout Ratio?

Merchants Bancorp MBIN +0.42% 78 Dividend Payout Ratio is 0.09 as of Mar. 2026, which is 50% above its 10-year median of 0.06. 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 1,168 Banks companies, Merchants Bancorp ranks better than 94.35% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Merchants Bancorp's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.09.

The historical rank and industry rank for Merchants Bancorp's Dividend Payout Ratio or its related term are showing as below:

MBIN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.06   Max: 0.12
Current: 0.1

During the past 11 years, the highest Dividend Payout Ratio of Merchants Bancorp was 0.12. The lowest was 0.02. And the median was 0.06.

MBIN's Dividend Payout Ratio is ranked better than
94.35% of 1168 companies
in the Banks industry
Industry Median: 0.32 vs MBIN: 0.10

As of today (2026-06-25), the Dividend Yield % of Merchants Bancorp is 0.84%.

During the past 11 years, the highest Trailing Annual Dividend Yield of Merchants Bancorp was 2.14%. The lowest was 0.22%. And the median was 1.00%.

Merchants Bancorp's Dividends per Share for the months ended in Mar. 2026 was $0.11.

During the past 12 months, Merchants Bancorp's average Dividends Per Share Growth Rate was 10.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 12.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.70% per year.

During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of Merchants Bancorp was 86.20% per year. The lowest was 12.60% per year. And the median was 14.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Merchants Bancorp (NAS:MBIN) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Merchants Bancorp Dividend Payout Ratio Related Terms

Merchants Bancorp Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Merchants Bancorp's Dividend Payout Ratio 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.

Merchants Bancorp Dividend Payout Ratio Chart

Merchants Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.06 0.06 0.06 0.11

Merchants Bancorp Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.17 0.10 0.08 0.09

MBIN vs BANR, SYBT, EFSC: Dividend Payout Ratio Comparison

For the Banks - Regional subindustry, Merchants Bancorp's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Merchants Bancorp's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Merchants Bancorp's Dividend Payout Ratio falls into.


MBIN
78GF Score
Merchants Bancorp MBIN
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Merchants Bancorp Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Merchants Bancorp's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.4/ 3.78
=0.11

Merchants Bancorp's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.11/ 1.25
=0.09

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.09 mean?
Merchants Bancorp (MBIN) has a Dividend Payout Ratio of 0.09 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Merchants Bancorp and its competitors. This is 50% above median its historical median of 0.06. Over the past decade, Merchants Bancorp's Dividend Payout Ratio has ranged from 0.02 to 0.12. According to the industry distribution chart, Merchants Bancorp ranks #66 out of 1168 companies in the Banks industry, placing it in the top 5.7%.
Is Merchants Bancorp's Dividend Payout Ratio too high?
Merchants Bancorp's current Dividend Payout Ratio of 0.09 is 50% above median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.12. The Banks industry median Dividend Payout Ratio is 0.32. Merchants Bancorp's value of 0.09 is 71.9% below this industry median. Based on the distribution chart, Merchants Bancorp ranks #66 out of 1168 companies in the Banks industry, which is in the top quartile — a strong position 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 Dividend Payout Ratio compare to BANR and SYBT?
According to the Banks industry distribution chart, Merchants Bancorp ranks #66 out of 1168 companies for Dividend Payout Ratio. This places Merchants Bancorp in the top 6% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.32. Merchants Bancorp's value of 0.09 is 71.9% below this benchmark. Historically, Merchants Bancorp's own Dividend Payout Ratio has ranged from 0.02 to 0.12 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.32, Merchants Bancorp has consistently been below 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 Dividend Payout Ratio for a Banks company?
The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,168 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merchants Bancorp's current Dividend Payout Ratio of 0.09 is 71.9% below 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Merchants Bancorp and its competitors. For the Banks industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merchants Bancorp's current Dividend Payout Ratio is 0.09, which is 50% above median its own 10-year median of 0.06. 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 Dividend Payout Ratio is 0.09, which is 50% above median its 10-year median of 0.06 and 71.9% below the Banks industry median of 0.32. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Merchants Bancorp (MBIN), the current Dividend Payout Ratio is 0.09 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:

  • Dividend Payout Ratio: 0.09 (50% above median its 10-year median of 0.06)
  • GF Value™: $42.65 vs. price of $50.04 (17.3% above fair value)
  • GF Score™: 78/100 with 10 warning signs
  • Industry Position: 71.9% below the Banks median (#66 of 1168)

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 Business Description

Other Exchanges MBINN.PFD:USA3KD:Germany
Address 410 Monon Boulevard, Carmel, IN, USA, 46032
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

Get the complete analysis for MBIN

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$50.04
Price
$42.65
GF Value