Merchants Bancorp (MBIN) vs OFG Bancorp (OFG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Merchants Bancorp (MBIN) has outperformed OFG Bancorp (OFG) over the past year, gaining 52.3% versus a gain of 17.5%. Over five years, OFG leads with a +97.7% price change compared with +75.8% for MBIN. Merchants Bancorp is the larger company by market cap ($2.25 billion vs $2.14 billion), about 1.1 times the size, while OFG Bancorp is growing revenue faster (+2.8% vs +1.6%).
On valuation, Merchants Bancorp trades at a lower forward P/E (8.1x vs 9.8x for OFG Bancorp). OFG Bancorp offers the higher dividend yield (2.57% vs 0.86%). Merchants Bancorp converts more of its revenue into profit, with a net margin of 32.1% versus 28.0%.
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 | OFG |
|---|---|---|
| Share price | $48.92 | $50.54 |
| Market cap | $2.25B | $2.14B |
| 1-day change | -1.77% | -0.75% |
| YTD return | +43.63% | +23.33% |
| 1-year return | +52.30% | +17.45% |
| 5-year return | +75.76% | +97.73% |
| P/E ratio (TTM) | 9.82 | 10.05 |
| Forward P/E | 8.14 | 9.81 |
| EPS (TTM) | $4.98 | $5.03 |
| Dividend yield | 0.86% | 2.57% |
| Annual dividend | $0.42 | $1.30 |
| Revenue (latest FY) | $681.45M | $731.44M |
| Revenue growth (YoY) | +1.60% | +2.78% |
| Net income (latest FY) | $218.77M | $205.10M |
| Net margin | 32.10% | 28.04% |
| 52-week high | $56.87 | $54.47 |
| 52-week low | $30.37 | $35.71 |
| Distance from 52-week high | -13.98% | -7.21% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +30.83% | +11.79% |
| Average volume | 186.70K | 269.92K |
| Shares outstanding | 45.94M | 42.27M |
| Employees | 735 | 2,185 |
| 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 OFG by 34.9 percentage points over the past year.
- OFG Bancorp offers a meaningfully higher dividend yield (2.57% vs 0.86%).
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 OFG Bancorp
OFG stock →OFG Bancorp, a financial holding company, provides a range of banking and financial services in the United States. It operates through three segments: Banking, Wealth Management, and Treasury.
Finance · Major Banks · 2,185 employees
MBIN vs OFG FAQ
Which is bigger, Merchants Bancorp or OFG Bancorp?
Merchants Bancorp (MBIN) is larger, with a market capitalization of $2.25B compared with $2.14B for OFG Bancorp (OFG).
Which stock has performed better over the past year, MBIN or OFG?
MBIN returned +52.30% over the past 12 months, compared with +17.45% for OFG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MBIN or OFG?
MBIN has the lower trailing P/E at 9.8, versus 10.0 for OFG. 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 OFG Bancorp?
OFG Bancorp has the higher yield at 2.57%, compared with 0.86% for Merchants Bancorp.
Are Merchants Bancorp and OFG Bancorp in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.