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39 /100
MEDIUM RISK
Score updated Oct 13, 2026

MBIN — Merchants Bancorp Dilution Risk Tracker

Track MBIN dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Merchants Bancorp (MBIN) has a DilutionWatch DilutionScore of 39/100, rated MEDIUM dilution risk. Merchants Bancorp has a market capitalization of $2.25B, 45.94M shares outstanding, 178 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
20
💰 Cash Runway
85
📊 Float Risk
25
⚠️ Warrant Exposure
15
🔄 Convertible Debt
15

Dilution Forecast

⛅
Watch
Minor dilution signals detected
model est. 17%
💰 Capital Raise model 35%
• Low cash runway: 4 months remaining
🔔 Track MBIN — Get forecast alerts →

Market Data

Market Cap$2.25B
Shares Outstanding45.94M
Float28.82M
Cash$377.31M
Debt$97.28M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore39/100DilutionWatch score record
Shares Outstanding45.94MVerified float table or market cache
Public Float28.82MVerified float table or market cache
Market Cap$2.25BMarket data cache
Cash Runway4.0 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 0.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 192.2% shares (2026Q1 vs prior)
178 institutional holders · 47.45M shares
#1 Elser Financial Planning, Inc 26.98M shares
#2 BlackRock, Inc. 4.05M shares
#3 VANGUARD CAPITAL MANAGEMENT LLC 2.00M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest1.96M
Days to Cover7.7
% of Float6.8%
FINRA data as of Sep 30, 2026

Recent SEC Activity

No recent SEC insights

Recent News

No recent news available for this ticker.

DilutionScore History — Last 90 Days

MBIN's DilutionScore has held steady at 39/100 (Medium risk) for 89 consecutive days across the tracked period.

Period Score Risk Level Duration
Jul 16 – Oct 13, 202639/100MEDIUM89 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

MBIN shares outstanding have decreased 0.1% from 45.96M (Mar 2026) to 45.94M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 25, 202645.94M28.82M▲ 0.20%
May 18, 202645.94M28.76M▼ 0.04%
May 01, 202645.94M28.77M▼ 0.06%
Apr 24, 202645.94M28.79M▼ 0.32%
Apr 23, 202645.94M28.88M▼ 0.01%
Apr 20, 202645.94M28.89M▲ 36.86%
Apr 10, 202645.96M21.11M▼ 28.08%
Mar 11, 202645.96M29.35M▲ 0.05%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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