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Merchants Bancorp (MBIN) Competitors

Merchants Bancorp logo
$48.83 -0.18 (-0.37%)
Closing price 10/13/2026 04:00 PM Eastern
Extended Trading
$49.06 +0.23 (+0.47%)
As of 04:03 AM Eastern
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MBIN vs. BUSE, CATY, FFBC, FULT, and HOPE

Should you buy Merchants Bancorp stock or one of its competitors? Merchants Bancorp's main competitors and comparable companies include First Busey (BUSE), Cathay General Bancorp (CATY), First Financial Bancorp. (FFBC), Fulton Financial (FULT), and Hope Bancorp (HOPE). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "regional banks" industry.

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 stock? We will contrast the two companies based on the strength of their earnings, institutional ownership, valuation, risk, dividends, profitability, media sentiment and analyst recommendations.

First Busey presently has a consensus price target of $31.00, suggesting a potential upside of 6.42%. Merchants Bancorp has a consensus price target of $55.25, suggesting a potential upside of 13.15%. Given Merchants Bancorp's higher possible upside, analysts plainly 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)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43
Merchants Bancorp
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40

In the previous week, First Busey and First Busey both had 3 articles in the media. Merchants Bancorp's average media sentiment score of 1.34 beat First Busey's score of 0.96 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 Busey
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Merchants Bancorp
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

First Busey has a net margin of 21.00% compared to Merchants Bancorp's net margin of 19.80%. Merchants Bancorp's return on equity of 15.29% beat First Busey's return on equity.

Company Net Margins Return on Equity Return on Assets
First Busey21.00% 10.48% 1.40%
Merchants Bancorp 19.80%15.29%1.34%

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 company will outperform the market over the long term.

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$1.04B2.30$135.26M$2.4212.04
Merchants Bancorp$1.37B1.64$218.77M$4.989.81

First Busey has a beta of 0.75, meaning that its stock price is 25% less volatile than the broader market. Comparatively, Merchants Bancorp has a beta of 1.21, meaning that its stock price is 21% more volatile than the broader market.

First Busey pays an annual dividend of $1.04 per share and has a dividend yield of 3.6%. Merchants Bancorp pays an annual dividend of $0.44 per share and has a dividend yield of 0.9%. First Busey pays out 43.0% of its earnings in the form of a dividend. Merchants Bancorp pays out 8.8% 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.

Summary

First Busey and Merchants Bancorp tied by winning 9 of the 18 factors compared between the two stocks.

How does Merchants Bancorp compare to Cathay General Bancorp?

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

75.0% of Cathay General Bancorp shares are owned by institutional investors. Comparatively, 24.6% of Merchants Bancorp shares are owned by institutional investors. 4.5% of Cathay General Bancorp shares are owned by insiders. Comparatively, 44.9% of Merchants Bancorp shares are owned 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.

In the previous week, Cathay General Bancorp had 1 more articles in the media than Merchants Bancorp. MarketBeat recorded 4 mentions for Cathay General Bancorp and 3 mentions for Merchants Bancorp. Merchants Bancorp's average media sentiment score of 1.34 beat Cathay General Bancorp's score of 0.93 indicating that Merchants Bancorp is being referred to more favorably in the news media.

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

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
Cathay General Bancorp$1.38B2.86$315.12M$5.1211.59
Merchants Bancorp$1.37B1.64$218.77M$4.989.81

Cathay General Bancorp has a net margin of 24.66% compared to Merchants Bancorp's net margin of 19.80%. Merchants Bancorp's return on equity of 15.29% beat Cathay General Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Cathay General Bancorp24.66% 11.71% 1.43%
Merchants Bancorp 19.80%15.29%1.34%

Cathay General Bancorp currently has a consensus price target of $62.25, suggesting a potential upside of 4.90%. Merchants Bancorp has a consensus price target of $55.25, suggesting a potential upside of 13.15%. Given Merchants Bancorp's stronger consensus rating and higher probable upside, analysts clearly believe Merchants Bancorp is more favorable than Cathay General Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cathay General Bancorp
1 Sell rating(s)
5 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Merchants Bancorp
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40

Cathay General Bancorp has a beta of 0.89, suggesting that its stock price is 11% less volatile than the broader market. Comparatively, Merchants Bancorp has a beta of 1.21, suggesting that its stock price is 21% more volatile than the broader market.

Cathay General Bancorp pays an annual dividend of $1.52 per share and has a dividend yield of 2.6%. Merchants Bancorp pays an annual dividend of $0.44 per share and has a dividend yield of 0.9%. Cathay General Bancorp pays out 29.7% of its earnings in the form of a dividend. Merchants Bancorp pays out 8.8% 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.

Summary

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

How does Merchants Bancorp compare to First Financial Bancorp.?

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

In the previous week, Merchants Bancorp had 1 more articles in the media than First Financial Bancorp.. MarketBeat recorded 3 mentions for Merchants Bancorp and 2 mentions for First Financial Bancorp.. First Financial Bancorp.'s average media sentiment score of 1.79 beat Merchants Bancorp's score of 1.34 indicating that First Financial Bancorp. is being referred to more favorably in the media.

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

First Financial Bancorp. presently has a consensus target price of $34.00, indicating a potential upside of 9.82%. Merchants Bancorp has a consensus target price of $55.25, indicating a potential upside of 13.15%. Given Merchants Bancorp's higher possible upside, analysts plainly believe Merchants Bancorp is more favorable than First Financial Bancorp..

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Financial Bancorp.
0 Sell rating(s)
2 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.71
Merchants Bancorp
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40

First Financial Bancorp. pays an annual dividend of $1.04 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 Financial Bancorp. pays out 36.7% of its earnings in the form of a dividend. Merchants Bancorp pays out 8.8% 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 Financial Bancorp. has increased its dividend for 1 consecutive years and Merchants Bancorp has increased its dividend for 8 consecutive years.

First Financial Bancorp. has higher earnings, but lower revenue 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
First Financial Bancorp.$1.26B2.58$255.60M$2.8310.94
Merchants Bancorp$1.37B1.64$218.77M$4.989.81

First Financial Bancorp. has a net margin of 20.77% compared to Merchants Bancorp's net margin of 19.80%. Merchants Bancorp's return on equity of 15.29% beat First Financial Bancorp.'s return on equity.

Company Net Margins Return on Equity Return on Assets
First Financial Bancorp.20.77% 11.13% 1.49%
Merchants Bancorp 19.80%15.29%1.34%

First Financial Bancorp. has a beta of 0.93, meaning that its stock price is 7% less volatile than the broader market. Comparatively, Merchants Bancorp has a beta of 1.21, meaning that its stock price is 21% more volatile than the broader market.

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

Summary

First Financial Bancorp. beats Merchants Bancorp 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 stock? We will contrast the two businesses based on the strength of their institutional ownership, valuation, media sentiment, analyst recommendations, profitability, risk, dividends and earnings.

Fulton Financial presently has a consensus price target of $24.75, indicating a potential upside of 12.76%. Merchants Bancorp has a consensus price target of $55.25, indicating a potential upside of 13.15%. Given Merchants Bancorp's stronger consensus rating and higher probable upside, analysts clearly 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)
1 Buy rating(s)
0 Strong Buy rating(s)
2.20
Merchants Bancorp
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40

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, endowments and large money managers believe a company will outperform the market over the long term.

In the previous week, Fulton Financial had 2 more articles in the media than Merchants Bancorp. MarketBeat recorded 5 mentions for Fulton Financial and 3 mentions for Merchants Bancorp. Merchants Bancorp's average media sentiment score of 1.34 beat Fulton Financial's score of 0.15 indicating that Merchants Bancorp is being referred to more favorably in the news media.

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

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$1.89B2.21$391.61M$2.0910.50
Merchants Bancorp$1.37B1.64$218.77M$4.989.81

Fulton Financial pays an annual dividend of $0.76 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%. Fulton Financial pays out 36.4% of its earnings in the form of a dividend. Merchants Bancorp pays out 8.8% 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 beta of 0.79, meaning that its stock price is 21% less volatile than the broader market. Comparatively, Merchants Bancorp has a beta of 1.21, meaning that its stock price is 21% more volatile than the broader market.

Fulton Financial has a net margin of 20.63% compared to Merchants Bancorp's net margin of 19.80%. Merchants Bancorp's return on equity of 15.29% beat Fulton Financial's return on equity.

Company Net Margins Return on Equity Return on Assets
Fulton Financial20.63% 12.68% 1.30%
Merchants Bancorp 19.80%15.29%1.34%

Summary

Merchants Bancorp beats Fulton Financial on 11 of the 19 factors compared between the two stocks.

How does Merchants Bancorp compare to Hope Bancorp?

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

Hope Bancorp pays an annual dividend of $0.56 per share and has a dividend yield of 4.2%. Merchants Bancorp pays an annual dividend of $0.44 per share and has a dividend yield of 0.9%. Hope Bancorp pays out 56.0% of its earnings in the form of a dividend. Merchants Bancorp pays out 8.8% 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.

84.0% of Hope Bancorp shares are owned by institutional investors. Comparatively, 24.6% of Merchants Bancorp shares are owned by institutional investors. 2.3% of Hope Bancorp 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.

In the previous week, Merchants Bancorp had 2 more articles in the media than Hope Bancorp. MarketBeat recorded 3 mentions for Merchants Bancorp and 1 mentions for Hope Bancorp. Merchants Bancorp's average media sentiment score of 1.34 beat Hope Bancorp's score of 1.01 indicating that Merchants Bancorp is being referred to more favorably in the news media.

Company Overall Sentiment
Hope Bancorp Positive
Merchants Bancorp Positive

Hope Bancorp currently has a consensus target price of $15.50, suggesting a potential upside of 16.45%. Merchants Bancorp has a consensus target price of $55.25, suggesting a potential upside of 13.15%. Given Hope Bancorp's stronger consensus rating and higher probable upside, equities research analysts clearly believe Hope Bancorp is more favorable than Merchants Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hope Bancorp
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50
Merchants Bancorp
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40

Hope Bancorp has a beta of 0.87, suggesting that its stock price is 13% less volatile than the broader market. Comparatively, Merchants Bancorp has a beta of 1.21, suggesting that its stock price is 21% more volatile than the broader market.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hope Bancorp$967.63M1.76$61.59M$1.0013.31
Merchants Bancorp$1.37B1.64$218.77M$4.989.81

Merchants Bancorp has a net margin of 19.80% compared to Hope Bancorp's net margin of 12.53%. Merchants Bancorp's return on equity of 15.29% beat Hope Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Hope Bancorp12.53% 5.71% 0.70%
Merchants Bancorp 19.80%15.29%1.34%

Summary

Merchants Bancorp beats Hope Bancorp on 12 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$2.25B$22.81B$13.51B$13.21B
Dividend Yield0.90%3.15%6.08%22.89%
P/E Ratio9.8124.5222.7619.37
Price / Sales1.648.92488.3281.34
Price / Cash10.1214.7044.1953.04
Price / Book1.301.322.706.03
Net Income$218.77M$2.60B$1.32B$380.34M
7 Day Performance-0.99%-0.12%-0.17%-2.32%
1 Month Performance-8.11%-3.31%-2.58%-5.29%
1 Year Performance50.02%20.31%10.17%-2.94%

Merchants Bancorp Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
MBIN
Merchants Bancorp
4.1682 of 5 stars
$48.83
-0.4%
$55.25
+13.1%
+53.8%$2.25B$1.37B9.81735
BUSE
First Busey
3.638 of 5 stars
$29.40
-0.4%
$31.00
+5.4%
+27.8%$2.43B$789.53M12.151,948
CATY
Cathay General Bancorp
3.1851 of 5 stars
$60.16
-0.5%
$62.25
+3.5%
+25.0%$4.01B$870.57M11.751,268
FFBC
First Financial Bancorp.
3.4289 of 5 stars
$31.37
-0.4%
$34.00
+8.4%
+24.2%$3.29B$1.26B11.082,199
FULT
Fulton Financial
3.6334 of 5 stars
$22.40
-1.3%
$24.75
+10.5%
+24.3%$4.28B$1.89B10.723,400

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This page (NASDAQ:MBIN) was last updated on 10/14/2026 by MarketBeat.com Staff.
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