Merchants Bancorp
Merchants Bancorp (MBIN) PE Ratio — Current & Historical Data
Trailing twelve months (TTM) P/E, forward P/E, PEG, and annual PE history — from market prices and filings.
mbin · pe ratio · data through Dec 31, 2025
Core PE Ratio Metrics
Trailing 12 months · TTMThe price-to-earnings (P/E) ratio for Merchants Bancorp (MBIN) measures how much investors pay for each dollar of the company's trailing earnings. MBIN's current PE ratio of 9.71x is calculated by dividing its stock price of $48.17 by its TTM earnings per share of $4.97. +64.1% elevated vs 5Y avg 5.9x
Source: FMP · /ratios-ttm · /analyst-estimates · 2025-12-31
PE Ratio History
2015 – 2025 · Annual▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare (Annual)
Historical PE Range
Past 11 fiscal years · Front-end computedMinQ1 · 25%7.1x
MedianQ3 · 75%12.5x
Max
At 9.71x, MBIN's current P/E is higher than in 82% of its annual fiscal year readings over the past 11 years — historically elevated.
Percentile calculated from annual fiscal year data points, not by trading day. Years where PE ≤ 0 or > 9,999 are excluded.
PE Ratio vs Peers
Banks - Regional · 6 peers · Annual PE| Company | Market Cap | PE (Annual) | vs Avg | EPS (TTM) |
|---|---|---|---|---|
Merchants BancorpYou MBIN | $2.2B | 9.71x | -21.9% | $4.97 |
 First Merchants Corporation FRME | $2.5B | 9.57x | -23.0% | $3.92 |
 German American Bancorp, Inc. GABC | $1.7B | 12.80x | +3.0% | $3.06 |
 Lakeland Financial Corporation LKFN | $1.5B | 14.15x | +13.8% | $4.03 |
 Live Oak Bancshares, Inc. LOB | $1.7B | 15.19x | +22.2% | $2.26 |
 National Bank Holdings Corporation NBHC | $1.6B | 13.24x | +6.5% | $2.87 |
 1st Source Corporation SRCE | $1.8B | 9.63x | -22.5% | $6.49 |
Industry Average 6 peers with valid PE | — | 12.43x | baseline | — |
* N/A — Company is not profitable (TTM) · excluded from industry average · ▸ FMP /stock-peers + /ratios?limit=1 · priceToEarningsRatio
Annual PE Ratio History
| Fiscal Year End | PE Ratio | EPS (TTM) | YoY Change | PE vs Max |
|---|---|---|---|---|
2025-12-31Latest FY2025 | 7.14x | $4.77 | +39.9% | |
2024-12-31 FY2024 | 5.11x | $7.14 | -22.5% | |
2023-12-31 FY2023 | 6.59x | $6.46 | +38.0% | |
2022-12-31 FY2022 | 4.78x | $5.09 | -20.3% | |
2021-12-31 FY2021 | 6.00x | $5.26 | +36.3% | |
2020-12-31 FY2020 | 4.40x | $4.19 | -39.9% | |
2019-12-31 FY2019 | 7.32x | $1.80 | -19.7% | |
2018-12-31 FY2018 | 9.11x | $1.46 | +12.3% | |
2017-12-31 FY2017 | 8.12x | $1.62 | -24.2% | |
2016-12-31 FY2016 | 10.71x | $1.05 | -14.2% |
▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare · Zero extra API
About PE Ratio & Methodology
The price-to-earnings (P/E) ratio for Merchants Bancorp (MBIN) measures how much investors pay for each dollar of the company's trailing earnings. MBIN's current PE ratio of 9.71x is calculated by dividing its stock price of $48.17 by its TTM earnings per share of $4.97.
Frequently asked questions
MBIN pe ratio · 6 questionsMBIN's current PE ratio is 9.71x as of 2026-06-08, based on a stock price of $48.17 and TTM EPS of $4.97. Data sourced from Financial Modeling Prep via MBIN's SEC 10-K and 10-Q filings.
▸ Source: FMP · /ratios-ttm · /ratios annual · /analyst-estimates · /stock-peers · Merchants Bancorp SEC 10-K & 10-Q filings · US GAAP · Updated: 2026-06-08