Sifting through countless of stocks in the Financial Services industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in NCR Atleos Corporation or Merchants Bancorp because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how NCR Atleos Corporation and Merchants Bancorp compare based on key financial metrics to determine which better meets your investment needs.

About NCR Atleos Corporation and Merchants Bancorp

NCR Atleos Corporation, a financial technology company, engages in the provision of self-directed banking solutions to financial institutions, merchants, manufacturers, retailers, and consumers in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Self-Service Banking; Network; and Telecommunications & Technology (T&T). It offers solutions, including a line of automated teller machine (ATM) hardware and software, as well as elated installation, maintenance, and managed and professional services; and ATM as a service to manage and run for financial institutions that include back office, cash management, software management, and ATM deployment. The company also provides network of ATMs and multi-functioning financial services kiosks for financial institutions, financial technology companies, neobanks, and retailers; Allpoint network which provides cash withdrawal and deposit access to credit unions, banks, digital banks, fintechs, stored-value debit card issuers, and other consumer financial services providers; and ATM branding solutions to financial institutions, ATM management and services to retailers and other businesses, and LibertyX solution which gives consumers the ability to buy and sell Bitcoin. In addition, it offers managed network and infrastructure services to enterprise clients across various industries through communications service providers and technology manufacturers; and professional, field, and remote services for modern network technologies, including software-defined wide area networking, network functions virtualization, wireless local area networks, optical networking, and edge networks. NCR Atleos Corporation was founded in 1884 and is headquartered in Atlanta, Georgia.

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates, and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for housing development and healthcare facilities financing. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

Latest Financial Services and NCR Atleos Corporation, Merchants Bancorp Stock News

As of July 31, 2026, NCR Atleos Corporation had a $3.5 billion market capitalization, compared to the Financial Services median of $2.4 million. NCR Atleos Corporation’s stock is up 23.4% in 2026, down 1.5% in the previous five trading days and up 74.31% in the past year.

Currently, NCR Atleos Corporation’s price-earnings ratio is 21.0. NCR Atleos Corporation’s trailing 12-month revenue is $4.4 billion with a 3.8% net profit margin. Year-over-year quarterly sales growth most recently was 6.5%. Analysts expect adjusted earnings to reach $4.195 per share for the current fiscal year. NCR Atleos Corporation does not currently pay a dividend.

As of July 31, 2026, Merchants Bancorp had a $2.5 billion market cap, putting it in the 57th percentile of all stocks. Merchants Bancorp’s stock is up 62% in 2026, up 15.7% in the previous five trading days and up 77.71% in the past year.

Currently, Merchants Bancorp’s price-earnings ratio is 13.5. Merchants Bancorp’s trailing 12-month revenue is $585.5 million with a 42.5% net profit margin. Year-over-year quarterly sales growth most recently was 15.7%. Analysts expect adjusted earnings to reach $5.443 per share for the current fiscal year. Merchants Bancorp currently has a 0.8% dividend yield.

How We Compare NCR Atleos Corporation and Merchants Bancorp Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at NCR Atleos Corporation and Merchants Bancorp’s stock grades to see how they measure up against one another.

Learn more about A+ Investor here!

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

NCR Atleos Corporation and Merchants Bancorp Stock Value Grades

Company	Ticker	Value
NCR Atleos Corporation	NATL	C
Merchants Bancorp	MBIN	C

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

NCR Atleos Corporation has a Value Score of 43, which is Average. Merchants Bancorp has a Value Score of 56, which is Average.

The Value Stock Winner: No Clear Winner

Neither NCR Atleos Corporation or Merchants Bancorp has a high enough value grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolio. It’s important to look at a wide range of financial metrics in order to determine if NCR Atleos Corporation or Merchants Bancorp is the better investment when it comes to value.

NCR Atleos Corporation and Merchants Bancorp Growth Grades

Company	Ticker	Growth
NCR Atleos Corporation	NATL	A
Merchants Bancorp	MBIN	D

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

NCR Atleos Corporation has a Growth Score of 100, which is Very Strong. Merchants Bancorp has a Growth Score of 29, which is Weak.

The Growth Grade Winner: NCR Atleos Corporation

As you can clearly see from the Growth Grade breakdown above, NCR Atleos Corporation has a more attractive growth grade than Merchants Bancorp. For investors who focus solely on how a company is growing relative to other companies in the same industry, NCR Atleos Corporation could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

NCR Atleos Corporation and Merchants Bancorp’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
NCR Atleos Corporation	NATL	D
Merchants Bancorp	MBIN	A

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

NCR Atleos Corporation has a Earnings Estimate Score of 30, which is Negative. Merchants Bancorp has a Earnings Estimate Score of 82, which is Very Positive.

The Earnings Estimate Revisions Grade Winner: Merchants Bancorp

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, Merchants Bancorp has a better Earnings Estimate Revisions Grade than NCR Atleos Corporation. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, Merchants Bancorp could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other NCR Atleos Corporation and Merchants Bancorp Grades

In addition to Growth, Value and Estimate Revisions, A+ Investor also provides grades for Momentum and Quality.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether NCR Atleos Corporation and Merchants Bancorp pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, NCR Atleos Corporation or Merchants Bancorp Stock?

Overall, NCR Atleos Corporation stock has a Value Score of 43, Growth Score of 100 and Estimate Revisions Score of 30.

Merchants Bancorp stock has a Value Score of 56, Growth Score of 29 and Estimate Revisions Score of 82.

Comparing NCR Atleos Corporation and Merchants Bancorp’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.