Merchants Bancorp (MBINL) Stock Analysis & Price (Updated Oct 16, 2026, 4:00 PM ET)
Updated Oct 16, 2026, 4:00 PM ET
- Closed at $23.05, -0.39% vs the prior close of $23.14.
- Volume 6.73K shares, 0.4x its 50-day average (light).
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
MBINL dips 0.4% to $23.05. Closed at $23.05, -0.39% vs the prior close of $23.14. Day range $22.92–$23.40, opened at $23.40.
MBINL daily analysis — what happened
A plain-English, data-only note written after every US trading day. Newest first; older days stay archived below.
Oct 16, 2026 — MBINL dips 0.4% to $23.05
- Closed at $23.05, -0.39% vs the prior close of $23.14. Day range $22.92–$23.40, opened at $23.40.
- Volume was 6.73K shares, 0.4x its 50-day average of 17.28K — lighter than usual.
- Price is -5.1% vs its 50-day average ($24.28) and -5.6% vs its 200-day average ($24.42).
- 52-week range $22.56–$25.34; today's close sits at 18% of that range, 9.0% below the 52-week high.
Oct 15, 2026 — MBINL rises 1.1% to $23.14
- Closed at $23.14, +1.09% vs the prior close of $22.89. Day range $23.02–$23.20, opened at $23.05.
- Volume was 10.30K shares, 0.6x its 50-day average of 17.27K — lighter than usual.
- Price is -4.8% vs its 50-day average ($24.32) and -5.2% vs its 200-day average ($24.42).
- 52-week range $22.56–$25.34; today's close sits at 21% of that range, 8.7% below the 52-week high.
Oct 14, 2026 — MBINL dips 1.8% to $22.89, a 6-month low
- Closed at $22.89, -1.76% vs the prior close of $23.30. Day range $22.87–$23.25, opened at $23.23.
- Volume was 15.60K shares, 0.9x its 50-day average of 17.11K.
- Price is -6.0% vs its 50-day average ($24.35) and -6.2% vs its 200-day average ($24.41).
- 52-week range $22.56–$25.34; today's close sits at 12% of that range, 9.7% below the 52-week high.
Oct 13, 2026 — MBINL rises 0.3% to $23.30
- Closed at $23.30, +0.30% vs the prior close of $23.23. Day range $23.30–$23.40, opened at $23.31.
- Volume was 12.30K shares, 0.7x its 50-day average of 17.32K.
- Price is -4.5% vs its 50-day average ($24.39) and -4.6% vs its 200-day average ($24.41).
- 52-week range $22.56–$25.34; today's close sits at 27% of that range, 8.1% below the 52-week high.
Oct 12, 2026 — MBINL rises 0.3% to $23.23
- Closed at $23.23, +0.35% vs the prior close of $23.15. Day range $23.20–$23.40, opened at $23.23.
- Volume was 11.80K shares, 0.7x its 50-day average of 17.43K.
- Price is -4.9% vs its 50-day average ($24.42) and -4.9% vs its 200-day average ($24.41).
- 52-week range $22.56–$25.34; today's close sits at 24% of that range, 8.3% below the 52-week high.
Oct 9, 2026 — MBINL dips 1.1% to $23.15
- Closed at $23.15, -1.11% vs the prior close of $23.41. Day range $23.00–$23.44, opened at $23.44.
- Volume was 16.80K shares, 1.0x its 50-day average of 17.25K.
- Price is -5.3% vs its 50-day average ($24.46) and -5.2% vs its 200-day average ($24.41).
- 52-week range $22.56–$25.34; today's close sits at 21% of that range, 8.6% below the 52-week high.
Oct 8, 2026 — MBINL ends flat (-0.2%) to $23.41
- Closed at $23.41, -0.17% vs the prior close of $23.45. Day range $23.10–$23.60, opened at $23.52.
- Volume was 10.80K shares, 0.6x its 50-day average of 17.17K.
- Price is -4.4% vs its 50-day average ($24.49) and -4.1% vs its 200-day average ($24.41).
- 52-week range $22.56–$25.34; today's close sits at 31% of that range, 7.6% below the 52-week high.
Oct 7, 2026 — MBINL rises 0.9% to $23.45
- Closed at $23.45, +0.86% vs the prior close of $23.25. Day range $23.02–$23.70, opened at $23.25.
- Volume was 23.90K shares, 1.4x its 50-day average of 16.78K.
- Price is -4.4% vs its 50-day average ($24.52) and -3.9% vs its 200-day average ($24.41).
- 52-week range $22.56–$25.34; today's close sits at 32% of that range, 7.5% below the 52-week high.
Oct 6, 2026 — MBINL rises 0.9% to $23.25
- Closed at $23.25, +0.87% vs the prior close of $23.05. Day range $22.89–$23.73, opened at $22.89.
- Volume was 16.50K shares, 1.0x its 50-day average of 16.51K.
- Price is -5.3% vs its 50-day average ($24.55) and -4.8% vs its 200-day average ($24.41).
- 52-week range $22.56–$25.34; today's close sits at 25% of that range, 8.2% below the 52-week high.
Oct 5, 2026 — MBINL ends flat (-0.2%) to $23.05
- Closed at $23.05, -0.17% vs the prior close of $23.09. Day range $22.93–$23.27, opened at $23.19.
- Volume was 22.00K shares, 1.4x its 50-day average of 16.26K.
- Price is -6.2% vs its 50-day average ($24.58) and -5.6% vs its 200-day average ($24.41).
- 52-week range $22.56–$25.34; today's close sits at 18% of that range, 9.0% below the 52-week high.
Oct 2, 2026 — MBINL ends flat (+0.2%) to $23.09
- Closed at $23.09, +0.17% vs the prior close of $23.05. Day range $22.98–$23.89, opened at $23.07.
- Volume was 13.70K shares, 0.8x its 50-day average of 16.19K.
- Price is -6.2% vs its 50-day average ($24.62) and -5.4% vs its 200-day average ($24.41).
- 52-week range $22.56–$25.34; today's close sits at 19% of that range, 8.9% below the 52-week high.
MBINL latest news & SEC filings
Every SEC filing by or about MBINL in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Aug 24, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 24, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 24, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 24, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 24, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 24, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 20, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 8.01 — Reported other events the company considers important.
Aug 7, 2026 · Form 10-Q — Quarterly report
Quarterly report (unaudited financial statements for the quarter)
Quarter ended Jun 30, 2026:
- Net income: $78.30M (prior year $37.98M) (+106.2% vs Jun 30, 2025)
- Diluted EPS: $1.48 (prior year $0.60) (+146.7% vs Jun 30, 2025)
Jul 28, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 2.02 — Reported results of operations (earnings release).
This is a results-day filing: the earnings press release is attached as an exhibit.
Things to know before you trade MBINL
- Last results release: Jul 28, 2026 (8-K Item 2.02). Previous ones: Apr 28, 2026, Jan 28, 2026, Oct 28, 2025. Based on that rhythm, the next report is likely around Oct 27, 2026 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 0.70% (largest 1.8%). That is a relatively calm stock.
- Liquidity: about 27.20K shares (≈$626.88K) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $23.05 vs a range of $22.56–$25.34 (18% of the range).
- Dividends: last ex-dividend date Sep 15, 2026 ($0.477/share); 4 payments in the past 12 months.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 0 open-market buys, 25 sales; latest: Julia L. Kaercher sold 9,000 shares on Jul 30, 2026.
- Latest filings: 8-K Aug 20, 2026; 10-Q Aug 7, 2026; 8-K Jul 28, 2026.
- Share count: 45.94M shares outstanding (Jul 30, 2026), +0.1% vs a year earlier.
- Listing: Nasdaq · industry: State Commercial Banks.
MBINL market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 16, 2026 | 23.40 | 23.40 | 22.92 | 23.05 | 6.73K |
| Oct 15, 2026 | 23.05 | 23.20 | 23.02 | 23.14 | 10.30K |
| Oct 14, 2026 | 23.23 | 23.25 | 22.87 | 22.89 | 15.60K |
| Oct 13, 2026 | 23.31 | 23.40 | 23.30 | 23.30 | 12.30K |
| Oct 12, 2026 | 23.23 | 23.40 | 23.20 | 23.23 | 11.80K |
| Oct 9, 2026 | 23.44 | 23.44 | 23.00 | 23.15 | 16.80K |
| Oct 8, 2026 | 23.52 | 23.60 | 23.10 | 23.41 | 10.80K |
| Oct 7, 2026 | 23.25 | 23.70 | 23.02 | 23.45 | 23.90K |
| Oct 6, 2026 | 22.89 | 23.73 | 22.89 | 23.25 | 16.50K |
| Oct 5, 2026 | 23.19 | 23.27 | 22.93 | 23.05 | 22.00K |
| Oct 2, 2026 | 23.07 | 23.89 | 22.98 | 23.09 | 13.70K |
| Oct 1, 2026 | 22.92 | 23.62 | 22.75 | 23.05 | 39.60K |
| Sep 30, 2026 | 23.41 | 23.50 | 22.76 | 22.91 | 190.70K |
| Sep 29, 2026 | 23.30 | 23.50 | 23.24 | 23.26 | 44.40K |
| Sep 28, 2026 | 23.63 | 23.85 | 23.25 | 23.28 | 23.10K |
| Sep 25, 2026 | 23.90 | 24.10 | 23.60 | 23.65 | 12.80K |
| Sep 24, 2026 | 24.25 | 24.25 | 23.81 | 23.90 | 28.00K |
| Sep 23, 2026 | 24.28 | 24.30 | 24.11 | 24.15 | 9.60K |
| Sep 22, 2026 | 24.27 | 24.39 | 24.18 | 24.18 | 14.80K |
| Sep 21, 2026 | 24.36 | 24.44 | 24.09 | 24.22 | 20.50K |
About Merchants Bancorp
Merchants Bancorp (MBINL) is listed on the Nasdaq and classified by the SEC under “State Commercial Banks”. Its business address is in CARMEL, IN. State of incorporation: IN. Fiscal year ends December 31. SEC CIK 1629019.
MBINL board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Tamika Catchings | Director | Aug 24, 2026 |
| Michael S Curless | Director | Aug 24, 2026 |
| Thomas Dinwiddie | Director | Aug 24, 2026 |
| Michael J. Dunlap | President, COO | Feb 3, 2026 |
| Scott A. Evans | Lynn Market President | Feb 3, 2026 |
| Sue Anne Gilroy | Director | Feb 19, 2026 |
| Andrew Juster | Director | Aug 24, 2026 |
| Julia L. Kaercher | Director | Jul 31, 2026 |
| Patrick D. O'Brien | Director | Aug 24, 2026 |
| Michael F. Petrie | Chairman and CEO | Jul 31, 2026 |
| Randall D. Jr. Rogers | Director | May 21, 2026 |
| Anne E. Sellers | Director | Aug 24, 2026 |
| Mark E. Shaffer | Director | Aug 24, 2026 |
| David N. Shane | Director | Feb 19, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Michael J. Dunlap | President, COO | Feb 3, 2026 |
| Michael R. Dury | CEO of Merchants Capital | Aug 7, 2026 |
| Scott A. Evans | Lynn Market President | Feb 3, 2026 |
| Jerry F. Koors | Merchants Mortgage President | Feb 3, 2026 |
| Kevin T Langford | Chief Administrative Officer | May 7, 2026 |
| Terry A Oznick | SVP, General Counsel | Feb 3, 2026 |
| Michael F. Petrie | Chairman and CEO | Jul 31, 2026 |
| Martin A Schroeter | President-Warehouse Lending | Feb 12, 2026 |
| Sean A. Sievers | CHIEF FINANCIAL OFFICER | Feb 3, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 30, 2026 | Julia L. Kaercher | Sale | 9,000 | $55.20 |
| Jul 30, 2026 | Julia L. Kaercher | Sale | 9,000 | $55.20 |
| Jul 30, 2026 | Julia L. Kaercher | Sale | 9,000 | $55.20 |
| Jul 30, 2026 | Julia L. Kaercher | Sale | 9,000 | $55.20 |
| Jul 30, 2026 | Michael F. Petrie | Sale | 9,000 | $55.20 |
| Jul 30, 2026 | Michael F. Petrie | Sale | 9,000 | $55.20 |
| Jul 30, 2026 | Michael F. Petrie | Sale | 9,000 | $55.20 |
| Jul 30, 2026 | Michael F. Petrie | Sale | 9,000 | $55.20 |
| May 6, 2026 | Michael F. Petrie | Sale | 8,334 | $46.86 |
| May 6, 2026 | Michael F. Petrie | Sale | 8,334 | $46.86 |
| May 6, 2026 | Michael F. Petrie | Sale | 8,334 | $46.86 |
| May 6, 2026 | Michael F. Petrie | Sale | 8,334 | $46.86 |
| May 5, 2026 | Michael F. Petrie | Sale | 10,696 | $46.75 |
| May 5, 2026 | Michael F. Petrie | Sale | 20,000 | $46.75 |
| May 5, 2026 | Michael F. Petrie | Sale | 10,696 | $46.75 |
MBINL financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Dec 31, 2025 | — | $218.77M | 3.78 | $-341.25M |
| Dec 31, 2024 | — | $320.39M | 6.30 | $-835.28M |
| Dec 31, 2023 | — | $279.23M | 5.64 | $-356.40M |
| Dec 31, 2022 | — | $219.72M | 4.47 | $975.77M |
| Dec 31, 2021 | — | $227.10M | 4.76 | $-49.22M |
Latest balance sheet: total assets $21.23B, total liabilities $18.84B, cash $377.31M (as of Jun 30, 2026).
MBINL earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Jul 28, 2026 | 8-K Item 2.02 (results) | $24.92 |
| Apr 28, 2026 | 8-K Item 2.02 (results) | $24.12 |
| Jan 28, 2026 | 8-K Item 2.02 (results) | $24.36 |
| Oct 28, 2025 | 8-K Item 2.02 (results) | $23.85 |
| Jul 28, 2025 | 8-K Item 2.02 (results) | $23.56 |
| Apr 28, 2025 | 8-K Item 2.02 (results) | $23.72 |
| Jan 28, 2025 | 8-K Item 2.02 (results) | $25.60 |
| Oct 28, 2024 | 8-K Item 2.02 (results) | — |
| Jul 29, 2024 | 8-K Item 2.02 (results) | — |
| Apr 29, 2024 | 8-K Item 2.02 (results) | — |
| Jan 29, 2024 | 8-K Item 2.02 (results) | — |
| Oct 26, 2023 | 8-K Item 2.02 (results) | — |
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Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 16, 2026, 4:00 PM ET. Filings: SEC EDGAR. Updated after every US trading day.