Merchants Bancorp

MBIN has broken below key intermediate EMAs after failing near recent highs, signalling a shift to medium-term bearish bias and permitting only sell-side engagement. Short-term conditions favor execution now as price tests resistance at EMAs and shows no oversold exhaustion. Long-term trend remains up, providing structural support around the 200-day SMA but offering limited immediate relief.

• ↑Q1 2026 EPS of $1.25 beat consensus by 6.5%, net income rose 16% to $67.7M
• ↑Assets reached record $20.3B, bolstered by multifamily lending growth
• ↓Negative profitability factors indicate margin pressure amid rising costs