MBIN (Merchants Bancorp) ROE % Adjusted to Book Value: 10.59% (As of Mar. 2026)


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 ROE % Adjusted to Book Value?

Merchants Bancorp MBIN +0.42% 78 ROE % Adjusted to Book Value is 10.59% as of Mar. 2026. 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.

Merchants Bancorp's ROE % for the quarter that ended in Mar. 2026 was 11.75%. Merchants Bancorp's PB Ratio for the quarter that ended in Mar. 2026 was 1.11. Merchants Bancorp's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 10.59%.


Merchants Bancorp ROE % Adjusted to Book Value Related Terms


Merchants Bancorp ROE % Adjusted to Book Value Historical Data

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The historical data trend for Merchants Bancorp's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

Merchants Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.43 15.41 11.55 15.33 10.74

Merchants Bancorp Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 10.08 7.52 11.40 13.39 10.59

MBIN vs BANR, SYBT, EFSC: ROE % Adjusted to Book Value Comparison

For the Banks - Regional subindustry, Merchants Bancorp's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Banks Industry

For the Banks industry and Financial Services sector, Merchants Bancorp's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Merchants Bancorp's ROE % Adjusted to Book Value falls into.


MBIN
78GF Score
Merchants Bancorp MBIN
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Merchants Bancorp ROE % Adjusted to Book Value Calculation

Merchants Bancorp's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=9.67% / 0.90
=10.74%

Merchants Bancorp's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=11.75% / 1.11
=10.59%

* 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.

What does a ROE % Adjusted to Book Value of 10.59% mean?
Merchants Bancorp (MBIN) has a ROE % Adjusted to Book Value of 10.59% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Merchants Bancorp and its competitors.
Is Merchants Bancorp's ROE % Adjusted to Book Value too high?
Merchants Bancorp's current ROE % Adjusted to Book Value is 10.59%. 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 ROE % Adjusted to Book Value compare to BANR and SYBT?
Merchants Bancorp's ROE % Adjusted to Book Value of 10.59% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Banks company?
A good ROE % Adjusted to Book Value depends on the Banks industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Merchants Bancorp and its competitors. Merchants Bancorp's current ROE % Adjusted to Book Value is 10.59%. 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 ROE % Adjusted to Book Value is 10.59%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Merchants Bancorp (MBIN), the current ROE % Adjusted to Book Value is 10.59% 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:

  • ROE % Adjusted to Book Value: 10.59%
  • GF Value™: $42.65 vs. price of $50.04 (17.3% above fair value)
  • GF Score™: 78/100 with 10 warning signs

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

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$50.04
Price
$42.65
GF Value