Merchants Bancorp (MBIN) vs Northwest Bancshares (NWBI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Merchants Bancorp (MBIN) has outperformed Northwest Bancshares (NWBI) over the past year, gaining 54.8% versus a gain of 18.8%. Over five years, MBIN leads with a +78.9% price change compared with +6.8% for NWBI. Merchants Bancorp is the larger company by market cap ($2.27 billion vs $2.15 billion), about 1.1 times the size, while Northwest Bancshares is growing revenue faster (+25.3% vs +1.6%).
On valuation, Merchants Bancorp trades at a lower forward P/E (8.2x vs 10.1x for Northwest Bancshares). Northwest Bancshares offers the higher dividend yield (5.44% vs 0.85%). Merchants Bancorp converts more of its revenue into profit, with a net margin of 32.1% versus 19.2%.
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 | MBIN | NWBI |
|---|---|---|
| Share price | $49.35 | $14.72 |
| Market cap | $2.27B | $2.15B |
| 1-day change | -0.90% | -0.91% |
| YTD return | +46.21% | +23.75% |
| 1-year return | +54.75% | +18.80% |
| 5-year return | +78.92% | +6.76% |
| P/E ratio (TTM) | 9.91 | 14.15 |
| Forward P/E | 8.21 | 10.10 |
| EPS (TTM) | $4.98 | $1.04 |
| Dividend yield | 0.85% | 5.44% |
| Annual dividend | $0.42 | $0.80 |
| Revenue (latest FY) | $681.45M | $654.67M |
| Revenue growth (YoY) | +1.60% | +25.27% |
| Net income (latest FY) | $218.77M | $126.01M |
| Net margin | 32.10% | 19.25% |
| 52-week high | $56.87 | $16.16 |
| 52-week low | $30.37 | $11.25 |
| Distance from 52-week high | -13.22% | -8.94% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +29.69% | +10.70% |
| Average volume | 186.70K | 1.02M |
| Shares outstanding | 45.94M | 146.40M |
| Employees | 735 | 2,183 |
| 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 NWBI by 36.0 percentage points over the past year.
- Northwest Bancshares trades at a higher earnings multiple (14.1x vs 9.9x trailing P/E).
- Northwest Bancshares offers a meaningfully higher dividend yield (5.44% vs 0.85%).
- Merchants Bancorp is more profitable, keeping 32.1 cents of every revenue dollar as net income versus 19.2 cents for Northwest Bancshares.
- Northwest Bancshares grew revenue faster in its latest fiscal year (+25.27% vs +1.60%).
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
About Northwest Bancshares
NWBI stock →Northwest Bancshares, Inc. operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and commercial banking solutions in Pennsylvania, New York, Ohio, and Indiana in the United States.
Finance · Major Banks · 2,183 employees
MBIN vs NWBI FAQ
Which is bigger, Merchants Bancorp or Northwest Bancshares?
Merchants Bancorp (MBIN) is larger, with a market capitalization of $2.27B compared with $2.15B for Northwest Bancshares (NWBI).
Which stock has performed better over the past year, MBIN or NWBI?
MBIN returned +54.75% over the past 12 months, compared with +18.80% for NWBI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MBIN or NWBI?
MBIN has the lower trailing P/E at 9.9, versus 14.1 for NWBI. 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, Merchants Bancorp or Northwest Bancshares?
Northwest Bancshares has the higher yield at 5.44%, compared with 0.85% for Merchants Bancorp.
Are Merchants Bancorp and Northwest Bancshares in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.