Enterprise Financial Services (EFSC) vs Merchants Bancorp (MBIN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Merchants Bancorp (MBIN) has outperformed Enterprise Financial Services (EFSC) over the past year, gaining 53.8% versus a gain of 2.2%. Over five years, MBIN leads with a +77.2% price change compared with +22.5% for EFSC. Merchants Bancorp is the larger company by market cap ($2.27 billion vs $2.13 billion), about 1.1 times the size.
On valuation, Merchants Bancorp trades at a lower forward P/E (8.2x vs 9.9x for Enterprise Financial Services). Enterprise Financial Services offers the higher dividend yield (2.21% vs 0.85%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | EFSC | MBIN |
|---|---|---|
| Share price | $58.74 | $49.32 |
| Market cap | $2.13B | $2.27B |
| 1-day change | -1.46% | -1.26% |
| YTD return | +8.78% | +44.80% |
| 1-year return | +2.21% | +53.79% |
| 5-year return | +22.53% | +77.20% |
| P/E ratio (TTM) | 11.84 | 10.02 |
| Forward P/E | 9.94 | 8.21 |
| EPS (TTM) | $4.96 | $4.92 |
| Dividend yield | 2.21% | 0.85% |
| Annual dividend | $1.30 | $0.42 |
| 52-week high | $68.73 | $56.87 |
| 52-week low | $51.18 | $30.37 |
| Distance from 52-week high | -14.54% | -13.28% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +20.87% | +29.76% |
| Average volume | 246.38K | 185.41K |
| Shares outstanding | 36.19M | 45.94M |
| Employees | 1,370 | 735 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MBIN has outperformed EFSC by 51.6 percentage points over the past year.
- Enterprise Financial Services offers a meaningfully higher dividend yield (2.21% vs 0.85%).
About Enterprise Financial Services
EFSC stock →Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers in Arizona, California, Florida, Kansas, Missouri, Nevada, New Mexico, and in the United States. It provides interest and non-interest-bearing demand, money markets accounts, savings, and certificates of deposit.
Finance · Major Banks · 1,370 employees
About Merchants Bancorp
MBIN stock →Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking.
Finance · Major Banks · 735 employees
EFSC vs MBIN FAQ
Which is bigger, Enterprise Financial Services or Merchants Bancorp?
Merchants Bancorp (MBIN) is larger, with a market capitalization of $2.27B compared with $2.13B for Enterprise Financial Services (EFSC).
Which stock has performed better over the past year, EFSC or MBIN?
MBIN returned +53.79% over the past 12 months, compared with +2.21% for EFSC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EFSC or MBIN?
MBIN has the lower trailing P/E at 10.0, versus 11.8 for EFSC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Enterprise Financial Services or Merchants Bancorp?
Enterprise Financial Services has the higher yield at 2.21%, compared with 0.85% for Merchants Bancorp.
Are Enterprise Financial Services and Merchants Bancorp in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.