Merchants Bancorp (MBIN) Surges 7.7% After S&P SmallCap 600 Inclusion Effective Feb 11

Merchants Bancorp (NASDAQCM:MBIN) rose 7.7% on February 9, 2026, following the S&P Dow Jones Indices decision to add the bank to the S&P SmallCap 600 index, effective before the market opened on February 11, 2026. The inclusion will trigger buying from index-tracking funds and ETFs, enhancing the company’s visibility and liquidity. In Q4 2025, the company posted EPS of $1.28, exceeding the $0.97 consensus, and revenue of $185.3 million, beating the $171.9 million forecast, a 4.4% year-over-year decline. Net interest income outperformed, and tangible book value per share rose 9.8% to $37.51. The stock is up 36.3% YTD and at a new 52-week high of $45.22, with a $1,000 investment growing to $2,087 over five years.