{"filings":[{"id":581804,"accession_number":"0001104659-26-065139","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2026-05-21T20:05:29+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares $0.11 common dividend and preferred dividends for Q2 2026","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend of $0.11 per share; preferred dividends: Series C $15.00 ($0.375/dep), Series D $20.625 ($0.5156/dep), Series E $19.06 ($0.4765/dep).","Dividends payable July 1, 2026 to shareholders of record June 15, 2026.","All 12 director nominees elected at annual meeting; advisory vote on exec compensation passed; Forvis Mazars ratified as auditor.","No change in dividend rate from prior quarter; no other material announcements."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94203,"accession_number":"0001104659-26-050319","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2026-04-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q1 net income $67.7M (+16% YoY); record assets $20.3B; MOU terminated","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Diluted EPS $1.25, up 34% YoY; tangible book value record $38.55/share (+10% YoY).","Total assets $20.3B, record high; loans receivable $11.4B, up 10% YoY.","Criticized loans $505.5M, down 31% YoY; NPLs $247.5M, up 25% QoQ. Charge-offs $23M in Q1.","MOU with FDIC and IDFI terminated during Q1; core deposits now 93% of total deposits.","Net interest margin 2.92% (+3 bps YoY); noninterest income up 97% YoY driven by MSR adjustments."],"consensus_eps_estimate":null,"consensus_eps_actual":1.25,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106403,"accession_number":"0001104659-26-017537","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2026-02-19T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp increases quarterly common dividend 10% to $0.11 per share","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend raised to $0.11 per share from $0.10, a 10% increase; payable April 1, 2026 to holders of record March 13, 2026.","Series C preferred dividend declared at $15.00 per share ($0.375 per depositary share), unchanged.","Series D preferred dividend declared at $20.625 per share ($0.5156 per depositary share), unchanged.","Series E preferred dividend declared at $19.06 per share ($0.4765 per depositary share), unchanged.","Company reported $19.4B in assets and $13.0B in deposits as of December 31, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":106402,"accession_number":"0001104659-26-007407","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2026-01-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q4 net income $67.8M, up 24% QoQ but down 29% YoY; asset quality improves","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Diluted EPS $1.28, up 32% from Q3 2025 ($0.97) but down 31% from Q4 2024 ($1.85).","Tangible book value per common share record $37.51, up 10% YoY.","Criticized loans fell 13% QoQ to $508.2M; non-performing loans dropped 34% QoQ to $197.8M.","Full-year 2025 net income $218.8M, down 32% vs 2024; diluted EPS $3.78, down 40%.","Total assets hit record $19.4B, up 3% YoY; core deposits 87% of total deposits, up from 79%."],"consensus_eps_estimate":null,"consensus_eps_actual":3.78,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122753,"accession_number":"0001104659-25-114085","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2025-11-19T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares Q4 dividends: common $0.10, preferred as stated","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend $0.10 per share, payable Jan 2, 2026 to holders of record Dec 15, 2025.","Series C preferred dividend $15.00 per share ($0.375 per depositary share).","Series D preferred dividend $20.625 per share ($0.5156 per depositary share).","Series E preferred dividend $19.06 per share ($0.4765 per depositary share).","Dividend rates unchanged from prior quarter for all series."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":122752,"accession_number":"0001104659-25-103169","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2025-10-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q3 net income $54.7M ($0.97 EPS); provision down 45% QoQ; tangible book value record $36.31","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $54.7M ($0.97 diluted EPS) vs $61.3M ($1.17) in Q3 2024; up 44% from Q2 2025.","Total provision for credit losses decreased 45% ($23.8M) from Q2 2025; charge-offs $29.5M in Q3.","Gain on sale of loans increased $7.9M (47%) YoY; included Freddie Mac Q-Series securitization.","Record tangible book value per share $36.31, up 12% YoY; increased 3% from Q2 2025.","Core deposits $12.8B, up 12% from Q2, represent 92% of total deposits; executed credit default swap on $557.1M healthcare loan pool."],"consensus_eps_estimate":null,"consensus_eps_actual":2.5,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139437,"accession_number":"0001104659-25-081407","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2025-08-21T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares $0.10 common and preferred dividends for Q3 2025","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend of $0.10 per share, payable Oct 1 to holders of record Sep 15.","Series C preferred dividend of $15/share ($0.375/depositary share).","Series D preferred dividend of $20.625/share ($0.5156/depositary share).","Series E preferred dividend of $19.06/share ($0.4765/depositary share).","Dividends unchanged from prior quarter; no other material events reported."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":139436,"accession_number":"0001104659-25-071178","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2025-07-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q2 net income $38M, down 50% YoY; provision surges on multi-family fraud","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Diluted EPS of $0.60 declined 60% from $1.49 in Q2 2024 and 35% from $0.93 in Q1 2025.","Provision for credit losses increased $43.1M YoY and $45.3M QoQ, driven by multi-family property appraisal declines and mortgage fraud investigation.","Charge-offs of $46.1M in Q2 2025 vs $3.5M in Q2 2024; net charge-offs primarily from 14 multi-family loan customers.","Tangible book value per share reached record $35.42, up 13% YoY; core deposits grew 7% QoQ to $11.4B (90% of total deposits).","Completed $373.3M Freddie Mac Q-Series securitization; total criticized loans declined 19% QoQ to $589.2M."],"consensus_eps_estimate":null,"consensus_eps_actual":1.53,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":157021,"accession_number":"0001104659-25-049413","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2025-05-15T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares $0.10 quarterly common dividend, preferred dividends for Q2 2025","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend of $0.10 per share payable July 1, 2025 to record holders June 13, 2025.","Series C preferred dividend $15.00/share ($0.375 per depositary share) payable July 1, 2025.","Series D preferred dividend $20.625/share ($0.5156 per depositary share) payable July 1, 2025.","Series E preferred dividend $19.06/share ($0.4765 per depositary share) payable July 1, 2025.","Annual meeting results: all 11 director nominees elected; say-on-pay approved; auditor ratified."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":157020,"accession_number":"0001104659-25-040189","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2025-04-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q1 net income falls 33% YoY to $58.2M; EPS $0.93 down 48%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 2025 net income $58.2M, down 33% YoY; diluted EPS $0.93, down 48% from $1.80.","Net interest margin 2.89%, down 25bps YoY; charge-offs $10.5M vs $0.9M in Q1 2024.","Non-performing loans $284.6M, 2.73% of loans receivable, up from 1.22% a year ago.","Core deposits grew 30% YoY to $10.7B; brokered deposits down 70% to $1.7B.","Tangible book value per share record $34.90, up 19% YoY; Series B preferred redeemed for $125M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.93,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175382,"accession_number":"0001104659-25-026117","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2025-03-20T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Merchants Bancorp appoints Darin Thomas as Chief Accounting Officer","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Darin Thomas, 57, appointed CAO effective March 17, 2025; assumes duties from CFO Sean A. Sievers.","Thomas previously served as Controller at Barclays' US Consumer Bank (2019-2025).","He holds a B.S. in Accounting from University of Missouri-Columbia and is a licensed CPA.","No family relationships with directors/executives; no material interests in related-party transactions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175381,"accession_number":"0001104659-25-015657","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2025-02-20T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp increases quarterly common dividend 11% to $0.10 per share; payable April 1, 2025","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend raised to $0.10 per share from $0.09, an 11% increase.","Shareholders of record on March 14, 2025 receive payment on April 1, 2025.","Preferred dividends declared: Series C $0.375/depositary share, Series D $0.5156/depositary share, Series E $0.4765/depositary share.","Annual meeting of shareholders set for May 15, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":175380,"accession_number":"0001104659-25-006686","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2025-01-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Reports Record Q4 Net Income of $95.7M; Full Year EPS $6.30","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full year 2024 net income $320.4M (record), up 15% YoY; diluted EPS $6.30 (record), up 12%.","Q4 net income $95.7M, up 23% YoY and 56% QoQ; diluted EPS $1.85.","Total assets $18.8B (record), up 11% YoY; tangible book value $34.15 (record), up 25%.","Nonperforming loans increased to $279.7M (2.68%) from $210.9M (2.04%) QoQ and $82.0M (0.80%) YoY.","Completed Series E preferred offering ($222.7M net) and redeemed Series B preferred ($125M) on Jan 2, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":6.3,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192325,"accession_number":"0001104659-24-125508","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-12-04T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp corrects Series B preferred dividend to $24.35/share, reaffirms Jan 2 redemption","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Corrected Series B preferred dividend to $24.35 per share ($0.60875 per depositary share) due to floating rate adjustment effective Oct 1, 2024.","Dividend payable January 2, 2025 to shareholders of record December 13, 2024.","Series B preferred stock redemption remains scheduled for January 2, 2025 as previously announced on November 26, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192324,"accession_number":"0001104659-24-123081","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-11-26T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Merchants Bancorp to redeem Series B Preferred Stock on Jan 2, 2025 at $25/share; declares initial Series E dividend","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All outstanding Series B Preferred (MBINO) to be redeemed on Jan 2, 2025 at $25.00 per share; uses cash on hand.","Series B preferred had rate reset to 9.42% as of Oct 1, 2024; delisting from Nasdaq expected Jan 2, 2025.","Board declared initial quarterly dividend on Series E Preferred (MBINL) of $7.84/share ($0.196/depositary share).","Dividend payable Jan 2, 2025 to holders of record Dec 13, 2024.","Redemption price excludes previously declared $0.59/share dividend paid separately on Jan 2, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192323,"accession_number":"0001104659-24-122594","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-11-25T23:59:59+00:00","items":["3.03","5.03","8.01","9.01"],"status":"ready","headline":"Merchants Bancorp closes $222.8M depositary share offering of Series E preferred stock","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 9,200,000 depositary shares (each 1/40th share of 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock).","Net proceeds of approximately $222.8 million after expenses and underwriting discounts and commissions.","Joint bookrunning managers: Morgan Stanley, UBS, Piper Sandler, Raymond James.","Liquidation preference: $25 per depositary share ($1,000 per preferred share).","Closing date: November 25, 2024; shares trade on Nasdaq under symbol MBINL."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192322,"accession_number":"0001104659-24-121016","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-11-20T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares Q4 2024 dividends; Series B preferred rate reset to 9.42%","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend of $0.09/share, payable Jan 2, 2025 to holders of record Dec 13, 2024.","Series B preferred dividend $23.56/share ($0.59/depositary) after rate reset from 6% to 9.42% effective Oct 1, 2024.","Series C (6%) preferred dividend $15.00/share ($0.375/depositary); Series D (8.25%) $20.625/share ($0.5156/depositary).","All dividends payable Jan 2, 2025; record date Dec 13, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192321,"accession_number":"0001104659-24-120881","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-11-20T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Merchants Bancorp prices $230M 7.625% Series E preferred stock offering to redeem Series B preferred","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Offering of 9.2M depositary shares at $25 each, representing Series E 7.625% non-cumulative perpetual preferred stock.","Dividends at 7.625% payable quarterly starting Jan 1, 2025; redeemable at $25 per share at Merchants' option.","Net proceeds to redeem existing Series B preferred stock and for general corporate purposes.","Expected close Nov 25, 2024; joint bookrunners: Morgan Stanley, UBS, Piper Sandler, Raymond James."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":192320,"accession_number":"0001104659-24-111806","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-10-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q3 net income $61.3M (-25% YoY); EPS $1.17 (-30% YoY); NPLs rise","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Diluted EPS of $1.17, down 30% YoY and 21% QoQ; net income fell 25% YoY to $61.3M.","Non-performing loans hit $210.9M (2.04% of gross loans), up from $143.5M (1.30%) at June 30.","Negative fair value adjustments on derivatives ($7.7M) and servicing rights ($6.7M) reduced EPS by $0.24.","Tangible book value per share record $32.38 (+25% YoY); total assets $18.7B (+10% vs Dec 2023).","Sold $629M healthcare bridge loans via REMIC; purchased $535M senior security with lower capital requirement."],"consensus_eps_estimate":null,"consensus_eps_actual":4.45,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208800,"accession_number":"0001104659-24-098918","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-09-11T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Merchants Bancorp appoints Sean Sievers as CFO, succeeding retiring John Macke","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Sievers appointed CFO effective Sept 9, 2024; also principal accounting officer and CFO of Merchants Bank of Indiana.","John Macke to retire Sept 27, 2024; shared duties until then, previously CFO since 2017 and led IPO.","Sievers compensation: $600K base salary, target cash/equity incentives of 50% each, one-time $250K cash and $250K equity awards.","Sievers previously CFO at Rate (Guaranteed Rate) and held CFO roles at Countrywide, Freddie Mac, SunTrust, CitiMortgage.","Macke helped grow Merchants from $3B to $18B in assets; company assets $18.2B as of June 30, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208799,"accession_number":"0001104659-24-090113","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-08-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares Q3 2024 quarterly dividends; common $0.09/share","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend $0.09/share (NASDAQ:MBIN), payable Oct 1, record Sep 13.","Series B preferred dividend $15.00/share ($0.375/depositary share) (MBINO).","Series C preferred dividend $15.00/share ($0.375/depositary share) (MBINN).","Series D preferred dividend $20.625/share ($0.5156/depositary share) (MBINM).","Dividends are for Q3 2024; rates unchanged from prior quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":208798,"accession_number":"0001104659-24-083537","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-07-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q2 net income $76.4M (+17% YoY), EPS $1.49, assets record $18.2B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 2024 net income $76.4M (diluted EPS $1.49), up 17% YoY but down 12% QoQ.","Total assets record $18.2B (+7% from Dec 2023); tangible book value per share $31.27, up 30% YoY.","Completed 2.4M share offering netting $97.7M; CET1 ratio rose to 8.7%.","Net interest income $128.1M (+21% YoY), NIM 2.99% (+2bps); efficiency ratio improved to 31.59%.","Non-performing loans $143.5M (1.30% of loans), up from 0.80% at Dec 2023, mainly multi-family and healthcare."],"consensus_eps_estimate":null,"consensus_eps_actual":3.29,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":226570,"accession_number":"0001104659-24-062587","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares $0.09 common dividend, preferred dividends, and elects directors","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend $0.09/share, Series B & C preferred $15.00/share ($0.375/depositary), Series D $20.625/share ($0.5156/depositary).","Dividends payable July 1, 2024 to shareholders of record June 14, 2024.","All 11 director nominees elected; advisory vote on executive compensation passed (18.7M for, 7.6M against).","Ratification of FORVIS as auditor approved with 28.3M votes in favor."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":226569,"accession_number":"0001104659-24-062511","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Merchants Bancorp raises $98M in common stock offering at $43/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Launched and priced offering of 2,400,000 shares of common stock at $43.00 per share.","Net proceeds expected to be approximately $97.6 million after underwriting discounts and expenses.","Underwriters granted 30-day option to purchase up to an additional 360,000 shares at the same price.","Proceeds to be used for general corporate purposes, including balance sheet growth of the Bank.","Offering closed on May 16, 2024; Morgan Stanley served as lead bookrunner."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":226568,"accession_number":"0001104659-24-054002","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-04-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp reports record Q1 net income of $87.1M; EPS $1.80 (+68% YoY)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $87.1M (+58% YoY); diluted EPS $1.80 (+68% YoY).","Total assets $17.8B (record, +25% YoY); tangible book value $29.26/sh (+28% YoY).","Efficiency ratio improved to 29.1% from 30.3% YoY; ROAA 2.07%.","Entered $544M credit default swap on multi-family loans; sold IL branches for $0.7M gain.","Series A Preferred Stock redeemed for ~$52M; quarterly dividend raised 13% to $0.09/sh."],"consensus_eps_estimate":null,"consensus_eps_actual":1.8,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"market_cap_usd":2145642745.6827705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}