WallStSmart

Merchants Bancorp (MBIN)vsPNC Financial Services Group Inc (PNC)

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Smart Verdict

WallStSmart Research — data-driven comparison

PNC Financial Services Group Inc generates 3746% more annual revenue ($24.32B vs $632.34M). MBIN leads profitability with a 42.5% profit margin vs 31.4%. MBIN trades at a lower P/E of 10.7x. PNC earns a higher WallStSmart Score of 76/100 (B+).

MBIN

Strong Buy

75

out of 100

Grade: B+

Growth: 10.0Profit: 7.5Value: 6.7Quality: 3.0
Piotroski: 3/9Altman Z: 0.80

PNC

Strong Buy

76

out of 100

Grade: B+

Growth: 8.0Profit: 7.5Value: 5.7Quality: 3.5
Piotroski: 5/9Altman Z: -0.48

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MBIN6 strengths · Avg: 10.0/10
P/E RatioValuation
10.7x10/10

Attractively priced relative to earnings

Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Profit MarginProfitability
42.5%10/10

Keeps 43 of every $100 in revenue as profit

Operating MarginProfitability
61.1%10/10

Strong operational efficiency at 61.1%

Revenue GrowthGrowth
37.1%10/10

Revenue surging 37.1% year-over-year

EPS GrowthGrowth
146.7%10/10

Earnings expanding 146.7% YoY

PNC6 strengths · Avg: 8.8/10
Profit MarginProfitability
31.4%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
38.7%10/10

Strong operational efficiency at 38.7%

Market CapQuality
$97.44B9/10

Large-cap with strong market position

P/E RatioValuation
13.4x8/10

Attractively priced relative to earnings

Price/BookValuation
1.7x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
23.6%8/10

Revenue surging 23.6% year-over-year

Areas to Watch

MBIN3 concerns · Avg: 2.7/10
Debt/EquityHealth
1.793/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Altman Z-ScoreHealth
0.802/10

Distress zone — elevated risk

PNC3 concerns · Avg: 3.0/10
PEG RatioValuation
1.704/10

Expensive relative to growth rate

Debt/EquityHealth
1.343/10

Elevated debt levels

Altman Z-ScoreHealth
-0.482/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : MBIN

The strongest argument for MBIN centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 42.5% and operating margin at 61.1%. Revenue growth of 37.1% demonstrates continued momentum.

Bull Case : PNC

The strongest argument for PNC centers on Profit Margin, Operating Margin, Market Cap. Profitability is solid with margins at 31.4% and operating margin at 38.7%. Revenue growth of 23.6% demonstrates continued momentum.

Bear Case : MBIN

The primary concerns for MBIN are Debt/Equity, Piotroski F-Score, Altman Z-Score. Debt-to-equity of 1.79 is elevated, increasing financial risk.

Bear Case : PNC

The primary concerns for PNC are PEG Ratio, Debt/Equity, Altman Z-Score.

Key Dynamics to Monitor

MBIN carries more volatility with a beta of 1.16 — expect wider price swings.

MBIN is growing revenue faster at 37.1% — sustainability is the question.

PNC generates stronger free cash flow (2.1B), providing more financial flexibility.

Monitor BANKS - REGIONAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

PNC scores higher overall (76/100 vs 75/100), backed by strong 31.4% margins and 23.6% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Merchants Bancorp

FINANCIAL SERVICES · BANKS - REGIONAL · USA

Merchants Bancorp is the diversified bank holding company in the United States. The company is headquartered in Carmel, Indiana.

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PNC Financial Services Group Inc

FINANCIAL SERVICES · BANKS - REGIONAL · USA

PNC Financial Services Group, Inc. (stylized as PNC) is a bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 21 states and the District of Columbia with 2,296 branches and 9,051 ATMs. The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing.

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