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Merchants Bancorp (MBIN) Competitors

Merchants Bancorp logo
$47.69 +1.02 (+2.19%)
Closing price 07/24/2026 04:00 PM Eastern
Extended Trading
$47.68 -0.01 (-0.02%)
As of 07/24/2026 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

MBIN vs. BUSE, CATY, FFBC, FRME, and FULT

Should you buy Merchants Bancorp stock or one of its competitors? MarketBeat compares Merchants Bancorp with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Merchants Bancorp include First Busey (BUSE), Cathay General Bancorp (CATY), First Financial Bancorp. (FFBC), First Merchants (FRME), and Fulton Financial (FULT). These companies are all part of the "finance" sector.

How does Merchants Bancorp compare to First Busey?

First Busey (NASDAQ:BUSE) and Merchants Bancorp (NASDAQ:MBIN) are both mid-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their valuation, risk, earnings, profitability, analyst recommendations, institutional ownership, media sentiment and dividends.

56.5% of First Busey shares are owned by institutional investors. Comparatively, 24.6% of Merchants Bancorp shares are owned by institutional investors. 3.8% of First Busey shares are owned by company insiders. Comparatively, 44.9% of Merchants Bancorp shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

First Busey has a beta of 0.72, meaning that its share price is 28% less volatile than the broader market. Comparatively, Merchants Bancorp has a beta of 1.14, meaning that its share price is 14% more volatile than the broader market.

In the previous week, First Busey had 1 more articles in the media than Merchants Bancorp. MarketBeat recorded 7 mentions for First Busey and 6 mentions for Merchants Bancorp. First Busey's average media sentiment score of 0.74 beat Merchants Bancorp's score of 0.70 indicating that First Busey is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Busey
1 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Merchants Bancorp
1 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

First Busey pays an annual dividend of $1.04 per share and has a dividend yield of 3.5%. Merchants Bancorp pays an annual dividend of $0.44 per share and has a dividend yield of 0.9%. First Busey pays out 46.2% of its earnings in the form of a dividend. Merchants Bancorp pays out 10.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Busey has increased its dividend for 10 consecutive years and Merchants Bancorp has increased its dividend for 8 consecutive years. First Busey is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

First Busey currently has a consensus target price of $29.75, suggesting a potential downside of 0.34%. Merchants Bancorp has a consensus target price of $50.00, suggesting a potential upside of 4.84%. Given Merchants Bancorp's higher probable upside, analysts clearly believe Merchants Bancorp is more favorable than First Busey.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Busey
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.83
Merchants Bancorp
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

Merchants Bancorp has higher revenue and earnings than First Busey. Merchants Bancorp is trading at a lower price-to-earnings ratio than First Busey, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Busey$790.86M3.19$135.26M$2.2513.27
Merchants Bancorp$1.37B1.60$218.77M$4.1011.63

First Busey has a net margin of 19.16% compared to Merchants Bancorp's net margin of 16.64%. Merchants Bancorp's return on equity of 13.40% beat First Busey's return on equity.

Company Net Margins Return on Equity Return on Assets
First Busey19.16% 10.19% 1.36%
Merchants Bancorp 16.64%13.40%1.17%

Summary

First Busey beats Merchants Bancorp on 11 of the 19 factors compared between the two stocks.

How does Merchants Bancorp compare to Cathay General Bancorp?

Merchants Bancorp (NASDAQ:MBIN) and Cathay General Bancorp (NASDAQ:CATY) are both mid-cap finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, media sentiment, earnings, analyst recommendations, dividends, institutional ownership, valuation and risk.

In the previous week, Cathay General Bancorp had 8 more articles in the media than Merchants Bancorp. MarketBeat recorded 14 mentions for Cathay General Bancorp and 6 mentions for Merchants Bancorp. Cathay General Bancorp's average media sentiment score of 0.95 beat Merchants Bancorp's score of 0.70 indicating that Cathay General Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Merchants Bancorp
1 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cathay General Bancorp
5 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Merchants Bancorp has a beta of 1.14, indicating that its share price is 14% more volatile than the broader market. Comparatively, Cathay General Bancorp has a beta of 0.86, indicating that its share price is 14% less volatile than the broader market.

Cathay General Bancorp has a net margin of 24.66% compared to Merchants Bancorp's net margin of 16.64%. Merchants Bancorp's return on equity of 13.40% beat Cathay General Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Merchants Bancorp16.64% 13.40% 1.17%
Cathay General Bancorp 24.66%11.71%1.43%

Merchants Bancorp presently has a consensus price target of $50.00, suggesting a potential upside of 4.84%. Cathay General Bancorp has a consensus price target of $60.75, suggesting a potential downside of 3.45%. Given Merchants Bancorp's stronger consensus rating and higher probable upside, analysts plainly believe Merchants Bancorp is more favorable than Cathay General Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Merchants Bancorp
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60
Cathay General Bancorp
1 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
2.33

Cathay General Bancorp has higher revenue and earnings than Merchants Bancorp. Merchants Bancorp is trading at a lower price-to-earnings ratio than Cathay General Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Merchants Bancorp$1.37B1.60$218.77M$4.1011.63
Cathay General Bancorp$1.38B3.05$315.12M$5.1212.29

24.6% of Merchants Bancorp shares are owned by institutional investors. Comparatively, 75.0% of Cathay General Bancorp shares are owned by institutional investors. 44.9% of Merchants Bancorp shares are owned by insiders. Comparatively, 4.5% of Cathay General Bancorp shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Merchants Bancorp pays an annual dividend of $0.44 per share and has a dividend yield of 0.9%. Cathay General Bancorp pays an annual dividend of $1.52 per share and has a dividend yield of 2.4%. Merchants Bancorp pays out 10.7% of its earnings in the form of a dividend. Cathay General Bancorp pays out 29.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Merchants Bancorp has increased its dividend for 8 consecutive years.

Summary

Cathay General Bancorp beats Merchants Bancorp on 12 of the 20 factors compared between the two stocks.

How does Merchants Bancorp compare to First Financial Bancorp.?

Merchants Bancorp (NASDAQ:MBIN) and First Financial Bancorp. (NASDAQ:FFBC) are both mid-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, media sentiment, institutional ownership, risk, dividends, analyst recommendations, earnings and valuation.

In the previous week, First Financial Bancorp. had 12 more articles in the media than Merchants Bancorp. MarketBeat recorded 18 mentions for First Financial Bancorp. and 6 mentions for Merchants Bancorp. Merchants Bancorp's average media sentiment score of 0.70 beat First Financial Bancorp.'s score of 0.57 indicating that Merchants Bancorp is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Merchants Bancorp
1 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
First Financial Bancorp.
3 Very Positive mention(s)
2 Positive mention(s)
10 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Merchants Bancorp presently has a consensus price target of $50.00, indicating a potential upside of 4.84%. First Financial Bancorp. has a consensus price target of $33.67, indicating a potential downside of 0.60%. Given Merchants Bancorp's stronger consensus rating and higher probable upside, equities analysts clearly believe Merchants Bancorp is more favorable than First Financial Bancorp..

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Merchants Bancorp
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60
First Financial Bancorp.
0 Sell rating(s)
4 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.50

Merchants Bancorp has a beta of 1.14, indicating that its stock price is 14% more volatile than the broader market. Comparatively, First Financial Bancorp. has a beta of 0.92, indicating that its stock price is 8% less volatile than the broader market.

Merchants Bancorp pays an annual dividend of $0.44 per share and has a dividend yield of 0.9%. First Financial Bancorp. pays an annual dividend of $1.00 per share and has a dividend yield of 3.0%. Merchants Bancorp pays out 10.7% of its earnings in the form of a dividend. First Financial Bancorp. pays out 35.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Merchants Bancorp has raised its dividend for 8 consecutive years and First Financial Bancorp. has raised its dividend for 1 consecutive years.

First Financial Bancorp. has a net margin of 20.77% compared to Merchants Bancorp's net margin of 16.64%. Merchants Bancorp's return on equity of 13.40% beat First Financial Bancorp.'s return on equity.

Company Net Margins Return on Equity Return on Assets
Merchants Bancorp16.64% 13.40% 1.17%
First Financial Bancorp. 20.77%11.13%1.49%

24.6% of Merchants Bancorp shares are held by institutional investors. Comparatively, 77.2% of First Financial Bancorp. shares are held by institutional investors. 44.9% of Merchants Bancorp shares are held by insiders. Comparatively, 1.1% of First Financial Bancorp. shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

First Financial Bancorp. has lower revenue, but higher earnings than Merchants Bancorp. Merchants Bancorp is trading at a lower price-to-earnings ratio than First Financial Bancorp., indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Merchants Bancorp$1.37B1.60$218.77M$4.1011.63
First Financial Bancorp.$1.26B2.82$255.60M$2.8311.97

Summary

Merchants Bancorp beats First Financial Bancorp. on 10 of the 19 factors compared between the two stocks.

How does Merchants Bancorp compare to First Merchants?

First Merchants (NASDAQ:FRME) and Merchants Bancorp (NASDAQ:MBIN) are both mid-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, media sentiment, dividends, earnings, profitability, risk and institutional ownership.

First Merchants presently has a consensus price target of $49.00, suggesting a potential upside of 13.48%. Merchants Bancorp has a consensus price target of $50.00, suggesting a potential upside of 4.84%. Given First Merchants' higher probable upside, equities analysts clearly believe First Merchants is more favorable than Merchants Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Merchants
0 Sell rating(s)
4 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.33
Merchants Bancorp
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

In the previous week, First Merchants had 11 more articles in the media than Merchants Bancorp. MarketBeat recorded 17 mentions for First Merchants and 6 mentions for Merchants Bancorp. Merchants Bancorp's average media sentiment score of 0.70 beat First Merchants' score of 0.20 indicating that Merchants Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Merchants
3 Very Positive mention(s)
3 Positive mention(s)
6 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Neutral
Merchants Bancorp
1 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.4%. Merchants Bancorp pays an annual dividend of $0.44 per share and has a dividend yield of 0.9%. First Merchants pays out 43.5% of its earnings in the form of a dividend. Merchants Bancorp pays out 10.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First Merchants has raised its dividend for 13 consecutive years and Merchants Bancorp has raised its dividend for 8 consecutive years. First Merchants is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

73.9% of First Merchants shares are owned by institutional investors. Comparatively, 24.6% of Merchants Bancorp shares are owned by institutional investors. 1.8% of First Merchants shares are owned by company insiders. Comparatively, 44.9% of Merchants Bancorp shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

First Merchants has a net margin of 17.05% compared to Merchants Bancorp's net margin of 16.64%. Merchants Bancorp's return on equity of 13.40% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
First Merchants17.05% 9.02% 1.14%
Merchants Bancorp 16.64%13.40%1.17%

First Merchants has a beta of 0.84, meaning that its share price is 16% less volatile than the broader market. Comparatively, Merchants Bancorp has a beta of 1.14, meaning that its share price is 14% more volatile than the broader market.

First Merchants has higher earnings, but lower revenue than Merchants Bancorp. Merchants Bancorp is trading at a lower price-to-earnings ratio than First Merchants, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Merchants$1.05B2.59$226M$3.4012.70
Merchants Bancorp$1.37B1.60$218.77M$4.1011.63

Summary

Merchants Bancorp beats First Merchants on 10 of the 19 factors compared between the two stocks.

How does Merchants Bancorp compare to Fulton Financial?

Fulton Financial (NASDAQ:FULT) and Merchants Bancorp (NASDAQ:MBIN) are both mid-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their media sentiment, institutional ownership, risk, earnings, profitability, dividends, valuation and analyst recommendations.

Fulton Financial has a beta of 0.79, suggesting that its share price is 21% less volatile than the broader market. Comparatively, Merchants Bancorp has a beta of 1.14, suggesting that its share price is 14% more volatile than the broader market.

Fulton Financial pays an annual dividend of $0.76 per share and has a dividend yield of 3.1%. Merchants Bancorp pays an annual dividend of $0.44 per share and has a dividend yield of 0.9%. Fulton Financial pays out 36.4% of its earnings in the form of a dividend. Merchants Bancorp pays out 10.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Fulton Financial has raised its dividend for 4 consecutive years and Merchants Bancorp has raised its dividend for 8 consecutive years.

Fulton Financial has a net margin of 20.63% compared to Merchants Bancorp's net margin of 16.64%. Merchants Bancorp's return on equity of 13.40% beat Fulton Financial's return on equity.

Company Net Margins Return on Equity Return on Assets
Fulton Financial20.63% 12.50% 1.30%
Merchants Bancorp 16.64%13.40%1.17%

Fulton Financial has higher revenue and earnings than Merchants Bancorp. Merchants Bancorp is trading at a lower price-to-earnings ratio than Fulton Financial, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Fulton Financial$1.89B2.48$391.61M$2.0911.76
Merchants Bancorp$1.37B1.60$218.77M$4.1011.63

72.0% of Fulton Financial shares are owned by institutional investors. Comparatively, 24.6% of Merchants Bancorp shares are owned by institutional investors. 0.0% of Fulton Financial shares are owned by company insiders. Comparatively, 44.9% of Merchants Bancorp shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Fulton Financial presently has a consensus target price of $23.50, indicating a potential downside of 4.35%. Merchants Bancorp has a consensus target price of $50.00, indicating a potential upside of 4.84%. Given Merchants Bancorp's stronger consensus rating and higher probable upside, analysts plainly believe Merchants Bancorp is more favorable than Fulton Financial.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Fulton Financial
0 Sell rating(s)
4 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.33
Merchants Bancorp
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

In the previous week, Fulton Financial had 12 more articles in the media than Merchants Bancorp. MarketBeat recorded 18 mentions for Fulton Financial and 6 mentions for Merchants Bancorp. Fulton Financial's average media sentiment score of 0.88 beat Merchants Bancorp's score of 0.70 indicating that Fulton Financial is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Fulton Financial
5 Very Positive mention(s)
5 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Merchants Bancorp
1 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Fulton Financial beats Merchants Bancorp on 10 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding MBIN and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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MBIN vs. The Competition

MetricMerchants BancorpBANKS IndustryFinance SectorNASDAQ Exchange
Market Cap$2.14B$1.21B$14.35B$12.26B
Dividend Yield0.94%2.50%5.72%9.79%
P/E Ratio11.6318.9420.4223.71
Price / Sales1.602.7645.1676.09
Price / Cash9.6424.8219.2159.64
Price / Book1.271.302.256.07
Net Income$218.77M$75.93M$1.14B$331.84M
7 Day Performance-4.06%0.19%-0.47%-1.53%
1 Month Performance-4.62%2.32%1.21%-2.46%
1 Year Performance37.47%28.85%12.28%13.66%

Merchants Bancorp Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
MBIN
Merchants Bancorp
3.3681 of 5 stars
$47.69
+2.2%
$50.00
+4.8%
+38.3%$2.14B$1.37B11.63480
BUSE
First Busey
4.3114 of 5 stars
$29.88
+0.6%
$29.60
-0.9%
+27.9%$2.53B$1.04B13.281,948
CATY
Cathay General Bancorp
3.2263 of 5 stars
$62.04
+0.1%
$51.75
-16.6%
+34.0%$4.16B$844.88M12.791,268
FFBC
First Financial Bancorp.
2.5715 of 5 stars
$35.66
+0.5%
$33.67
-5.6%
+42.1%$3.74B$1.26B12.602,199
FRME
First Merchants
4.3317 of 5 stars
$44.03
-0.6%
$49.00
+11.3%
+8.7%$2.77B$1.05B12.952,086

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This page (NASDAQ:MBIN) was last updated on 7/25/2026 by MarketBeat.com Staff.
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