MERCHANTS BANCORP (MBIN) Financial Analysis — Fisclear

Valuation

Banking

Live · Yahoo Finance

Price

$53.15

52-Week Range

$30.37$53.15 now$56.87

Decision Context

Altman Z-Score indicates financial distress risk. Review debt levels and cash runway before any position sizing decision.

Based on filing period ending Jun 2026

FisclearScore is a quantitative model using public financial data and sector median benchmarks (refreshed monthly). Not financial advice. Always conduct independent due diligence.

MBIN vs

Macro Context

Fed Funds Rate

3.63%

Accommodative

10-Year Treasury

4.60%

2026-07-01

Unemployment

4.1%

Near full employment

CPI Index

332.8

2026-07-01

M2 Money Supply

$23.2T

2026-06-01

The Federal Funds rate stands at 3.63% — a moderately elevated rate environment that raises borrowing costs across the economy; 10-year Treasury yields are at 4.60%, setting the benchmark for long-term corporate borrowing; Unemployment stands at 4.1%; Industrial production index is at 102.6; M2 money supply is $23.2T; CPI index stands at 332.8.

SWOT Analysis — MBIN

Inflationary Boom

Macro lens (Inflationary Boom): Rising costs and tighter margins amplify financial risks in this regime.

✦

Strengths

Operating Cash Flow: -$341.2M (+59.1% YoY) — Negative operating cash flow — the business consumed more cash than it produced from operations.

◈

Weaknesses

EPS (Diluted): $3.78 (-40.0% YoY) — Earnings per share fell 40%.
Net Income: $218.8M (-31.7% YoY) — Profit fell 32% but remained positive.
Stock is near its 52-week high (56.87) — the price reflects strong recent momentum, but entry risk is elevated at these levels.

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Opportunities

Total Assets: $19.4B (+3.4% YoY) — Total assets grew 3% — the company's resource base expanded.

⚠

Threats

Negative operating cash flow of $341.2M — the core business consumed more cash than it generated.
Total liabilities are 88% of total assets — the balance sheet is heavily leveraged with limited equity cushion.

Year-over-Year Changes

Operating Cash Flow

-$341.2M

was -$835.3M

+59.1%

Negative operating cash flow — the business consumed more cash than it produced from operations.

EPS (Diluted)

$3.78

was $6.30

−40.0%

Earnings per share fell 40%.

Net Income

$218.8M

was $320.4M

−31.7%

Profit fell 32% but remained positive.

Total Assets

$19.4B

was $18.8B

+3.4%

Total assets grew 3% — the company's resource base expanded.

Risk Flags

2 high · 0 medium · 1 low

⚠ High
Negative operating cash flow of $341.2M — the core business consumed more cash than it generated.
⚠ High
Total liabilities are 88% of total assets — the balance sheet is heavily leveraged with limited equity cushion.
○ Low
Stock is near its 52-week high (56.87) — the price reflects strong recent momentum, but entry risk is elevated at these levels.