{
  "app": "dividend_compounders",
  "ticker": {
    "uuid": "894259cf-af6e-4d0f-ae11-59bd269ae103",
    "symbol": "MBIN",
    "name": "Merchants Bancorp",
    "exchange": "NASDAQ",
    "country_code": "US",
    "country_name": "United States",
    "sector": "Financial Services",
    "industry": "Banks - Regional",
    "chart_url": "https://sharemaestro.com/terminal/894259cf-af6e-4d0f-ae11-59bd269ae103/"
  },
  "snapshot": {
    "ticker": {
      "uuid": "894259cf-af6e-4d0f-ae11-59bd269ae103",
      "symbol": "MBIN",
      "name": "Merchants Bancorp",
      "exchange": "NASDAQ",
      "country_code": "US",
      "country_name": "United States",
      "sector": "Financial Services",
      "industry": "Banks - Regional",
      "chart_url": "https://sharemaestro.com/terminal/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    "as_of_date": "2026-06-12",
    "provider_symbol": "MBIN",
    "market_cap_usd": 2182391234.08,
    "price": 50.110001,
    "currency": "USD",
    "dividend_yield": 0.00219517,
    "dividend_years": 9,
    "dividend_growth_5y": 0.133968,
    "dividend_cut_5y": false,
    "payout_ratio": 0.1,
    "net_income": 218770000.0,
    "free_cash_flow": -376671000.0,
    "fcf_covers_dividend": false,
    "debt_to_equity": 1.68478651,
    "revenue_growth_5y": 0.27753944,
    "net_margin": 0.38987,
    "roe": 0.10165,
    "pe_ratio": 12.2219515,
    "price_vs_ma": 0.20828227,
    "return_3y": 1.03289282,
    "return_5y": 0.9475392,
    "max_drawdown": -0.43939708,
    "scores": {
      "dividend_reliability": 24.2,
      "dividend_sustainability": 8.5,
      "business_quality": 22.5,
      "valuation": 15.0,
      "trend": 13.5,
      "total": 83.7,
      "confidence": 100.0
    },
    "rating": "high_quality",
    "rating_label": "High Quality Watchlist Candidate",
    "decision": "reject",
    "decision_label": "Reject",
    "warnings": [
      "Free cash flow is negative.",
      "Free cash flow does not cover dividends paid."
    ],
    "urls": {
      "page": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/",
      "chart": "https://sharemaestro.com/terminal/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    }
  },
  "score_breakdown": {
    "dividend_reliability": 24.2,
    "dividend_sustainability": 8.5,
    "business_quality": 22.5,
    "valuation": 15.0,
    "trend": 13.5,
    "total": 83.7,
    "confidence": 100.0
  },
  "warnings": [
    "Free cash flow is negative.",
    "Free cash flow does not cover dividends paid."
  ],
  "diary": [
    {
      "event_date": "2026-06-12",
      "event_type": "warning",
      "severity": "warning",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend review warning",
      "detail": "Free cash flow does not cover dividends paid.",
      "amount": null,
      "currency": "",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2026-03-13",
      "event_type": "increase",
      "severity": "positive",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "Dividend increased 10.0%",
      "detail": "Payment changed from 0.1 to 0.11.",
      "amount": 0.11,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2026-03-13",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.11 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.11,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2025-12-15",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.1 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.1,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2025-09-15",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.1 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.1,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2025-06-13",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.1 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.1,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2025-03-14",
      "event_type": "increase",
      "severity": "positive",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "Dividend increased 11.1%",
      "detail": "Payment changed from 0.09 to 0.1.",
      "amount": 0.1,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2025-03-14",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.1 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.1,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2024-12-13",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.09 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.09,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2024-09-13",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.09 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.09,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2024-06-14",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.09 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.09,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2024-03-14",
      "event_type": "increase",
      "severity": "positive",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "Dividend increased 12.5%",
      "detail": "Payment changed from 0.08 to 0.09.",
      "amount": 0.09,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2024-03-14",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.09 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.09,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2023-12-14",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.08 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.08,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2023-09-14",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.08 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.08,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2023-06-14",
      "event_type": "payment",
      "severity": "info",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "MBIN dividend payment 0.08 USD",
      "detail": "Recorded dividend payment for Merchants Bancorp.",
      "amount": 0.08,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2023-03-14",
      "event_type": "increase",
      "severity": "positive",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "Dividend increased 14.3%",
      "detail": "Payment changed from 0.07 to 0.08.",
      "amount": 0.08,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2022-03-14",
      "event_type": "increase",
      "severity": "positive",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "Dividend increased 16.7%",
      "detail": "Payment changed from 0.06 to 0.07.",
      "amount": 0.07,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    },
    {
      "event_date": "2021-03-12",
      "event_type": "increase",
      "severity": "positive",
      "ticker": "MBIN",
      "exchange": "NASDAQ",
      "headline": "Dividend increased 12.5%",
      "detail": "Payment changed from 0.05333 to 0.06.",
      "amount": 0.06,
      "currency": "USD",
      "ticker_url": "https://sharemaestro.com/dividend-compounders/ticker/894259cf-af6e-4d0f-ae11-59bd269ae103/"
    }
  ]
}