Merchants Bancorp (MBIN) vs 1st Source (SRCE)
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 1st Source (SRCE) over the past year, gaining 54.8% versus a gain of 40.5%. Over five years, MBIN leads with a +78.9% price change compared with +76.9% for SRCE. Merchants Bancorp is the larger company by market cap ($2.29 billion vs $2.05 billion), about 1.1 times the size, while 1st Source is growing revenue faster (+12.1% vs +1.6%).
On valuation, Merchants Bancorp trades at a lower forward P/E (8.3x vs 11.5x for 1st Source). 1st Source offers the higher dividend yield (0.94% vs 0.84%). 1st Source converts more of its revenue into profit, with a net margin of 36.5% versus 32.1%.
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 | SRCE |
|---|---|---|
| Share price | $49.80 | $85.01 |
| Market cap | $2.29B | $2.05B |
| 1-day change | +0.97% | +0.68% |
| YTD return | +46.21% | +36.04% |
| 1-year return | +54.75% | +40.54% |
| 5-year return | +78.92% | +76.92% |
| P/E ratio (TTM) | 10.00 | 12.21 |
| Forward P/E | 8.29 | 11.49 |
| EPS (TTM) | $4.98 | $6.96 |
| Dividend yield | 0.84% | 0.94% |
| Annual dividend | $0.42 | $0.80 |
| Revenue (latest FY) | $681.45M | $433.78M |
| Revenue growth (YoY) | +1.60% | +12.05% |
| Net income (latest FY) | $218.77M | $158.26M |
| Net margin | 32.10% | 36.48% |
| 52-week high | $56.87 | $91.46 |
| 52-week low | $30.37 | $56.89 |
| Distance from 52-week high | -12.43% | -7.05% |
| Analyst consensus | hold | none |
| Avg. price target upside | +28.51% | +5.48% |
| Average volume | 186.70K | 119.13K |
| Shares outstanding | 45.94M | 24.08M |
| Employees | 735 | 1,190 |
| Sector | Financial Services | Finance |
| Industry | Banks - Regional | 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 SRCE by 14.2 percentage points over the past year.
- 1st Source grew revenue faster in its latest fiscal year (+12.05% vs +1.60%).
- The two companies sit in different sectors: Merchants Bancorp in Financial Services and 1st Source in Finance.
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.
Financial Services · Banks - Regional · 735 employees
About 1st Source
SRCE stock →1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients in the United States. The company's consumer banking services, which include checking and savings accounts; certificates of deposit; health savings and individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.
Finance · Major Banks · 1,190 employees
MBIN vs SRCE FAQ
Which is bigger, Merchants Bancorp or 1st Source?
Merchants Bancorp (MBIN) is larger, with a market capitalization of $2.29B compared with $2.05B for 1st Source (SRCE).
Which stock has performed better over the past year, MBIN or SRCE?
MBIN returned +54.75% over the past 12 months, compared with +40.54% for SRCE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MBIN or SRCE?
MBIN has the lower trailing P/E at 10.0, versus 12.2 for SRCE. 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 1st Source?
1st Source has the higher yield at 0.94%, compared with 0.84% for Merchants Bancorp.
Are Merchants Bancorp and 1st Source in the same industry?
No. Merchants Bancorp is in the Financial Services sector, while 1st Source is in Finance.