{"filings":[{"id":2382316,"accession_number":"0001104659-26-099226","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2026-08-20T20:08:28+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares Q3 2026 dividends: $0.11 common, preferred per-share amounts set","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend $0.11/share (MBIN); payable Oct 1, 2026, record date Sept 15, 2026.","Series C preferred: $15.00/share ($0.375 per depositary share) on MBINN.","Series D preferred: $20.625/share ($0.5156 per depositary share) on MBINM.","Series E preferred: $19.06/share ($0.4765 per depositary share) on MBINL.","All dividends payable Oct 1, 2026 to shareholders of record Sept 15, 2026."],"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":1913236,"accession_number":"0001104659-26-087529","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2026-07-28T20:05:36+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q2 net income $78.3M, up 106% YoY; EPS $1.48, up 147% YoY; assets hit $21.2B record","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $78.3M, diluted EPS $1.48, up 106% and 147% YoY respectively.","Total assets $21.2B (record); tangible book value $39.93 (30th consecutive quarterly high).","Credit quality improved: criticized loans down 12% QoQ to $444.7M; provision for credit losses down 83% YoY to $9.2M.","Net interest margin 2.81% (down 2bps YoY); gain on sale of loans down 44% YoY; loan servicing fees up 95% YoY.","Executed credit default swap on $169.9M multi-family loan pool; total deposits $14.3B, up 10% QoQ."],"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":0.8,"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":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},{"id":245568,"accession_number":"0001104659-24-031884","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-03-07T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Merchants Bancorp CFO John F. Macke to retire by Sept 30, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["EVP, CFO, and principal accounting officer John F. Macke notified company of retirement effective on or before Sept 30, 2024.","Retirement is voluntary and not due to any dispute with management or the Board.","Company will begin search for a successor; Macke will assist with transition until departure."],"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":245567,"accession_number":"0001104659-24-028711","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-02-28T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp to redeem all Series A Preferred Stock at $25/share on April 1, 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Redemption of 7.00% Fixed-to-Floating Rate Series A Preferred Stock (MBINP) at $25.00 per share.","Redemption to be funded from cash on hand; dividends previously declared will be paid separately on April 1.","Merchants will voluntarily delist Series A Preferred Stock from Nasdaq; Form 25 to be filed.","All necessary regulatory approvals for redemption have been obtained.","Payment will be made by Computershare on the redemption date."],"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":0.5,"calibrated_materiality_score":0.5,"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":245566,"accession_number":"0001104659-24-023590","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-02-14T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp raises common dividend 13% to $0.09/share; Q1 preferred declared","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend increased 13% to $0.09 per share; payable April 1, 2024 to shareholders of record March 15, 2024.","Preferred dividends declared: Series A $0.4375, Series B $0.375, Series C $0.375, Series D $0.5156 per depositary share.","All dividends payable April 1, 2024; record date March 15, 2024."],"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":0.3,"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":245565,"accession_number":"0001104659-24-007716","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2024-01-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp reports record FY 2023 net income of $279.2M; Q4 EPS $1.58 up 41% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full year net income $279.2M (record), up 27% vs 2022; diluted EPS $5.64 (record), up 26%.","Q4 net income $77.5M, up 36% YoY; diluted EPS $1.58, up 41% YoY.","Total assets $17.0B (record), up 34% YoY; loans receivable $10.1B, up 36% YoY.","Net interest margin 3.05% in Q4, up 6 bps from Q3 2023; efficiency ratio 33.1%.","Completed sale of several Illinois bank branches on Jan 26, 2024 after regulatory approval."],"consensus_eps_estimate":null,"consensus_eps_actual":5.64,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-FY","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":263031,"accession_number":"0001104659-23-118672","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2023-11-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares Q4 2023 quarterly dividends on common and preferred stock","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common stock dividend of $0.08 per share payable Jan 2, 2024 to holders of record Dec 15, 2023.","Series A preferred dividend $0.4375/shr; Series B $15.00/shr ($0.375/depositary).","Series C preferred dividend $15.00/shr ($0.375/depositary); Series D $20.625/shr ($0.5156/depositary).","All dividends payable on same record and payment dates; no change in dividend rates indicated."],"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":263030,"accession_number":"0001104659-23-111739","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2023-10-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q3 net income $81.5M, EPS $1.68, up 39% YoY; record assets $16.5B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $81.5M, up 39% vs Q3 2022; diluted EPS $1.68, up 38% YoY.","Total assets reached $16.5B, up 31% vs Dec 2022; tangible book value $25.82 (+24% YoY).","Net interest income $117.4M (+38% YoY); efficiency ratio improved to 28.0% from 30.5%.","Completed $303.6M Freddie Mac Q-Series multi-family securitization on Aug 31, 2023.","Agreed to sell four Illinois branch locations to Bank of Pontiac and CBI Bank & Trust."],"consensus_eps_estimate":null,"consensus_eps_actual":4.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-Q3","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":280226,"accession_number":"0001104659-23-093048","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2023-08-17T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares Q3 2023 dividends: common $0.08, preferred unchanged","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend of $0.08 per share payable Oct 2, 2023 to holders of record Sep 15.","Series A preferred dividend $0.4375 per share (7% annual rate).","Series B/C preferred dividends $15.00 per share ($0.375 per depositary share).","Series D preferred dividend $20.625 per share ($0.5156 per depositary share).","All dividends payable on same schedule; no change 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":0.5,"calibrated_materiality_score":0.5,"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":280225,"accession_number":"0001104659-23-084766","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2023-07-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q2 net income $65.3M, EPS $1.31; credit loss provision up sharply","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $65.3M, diluted EPS $1.31, up 21% and 18% vs Q2 2022 respectively.","Total assets $15.9B (+26% from Dec 2022); loans receivable $9.9B (+33% YTD).","Provision for credit losses $22.6M (+$16.4M YoY) driven by $14.8M credit events: multifamily charge-off and healthcare reserve.","Recorded $13.0M tax benefit from Indiana state tax apportionment change; expects 1.0-1.5% future tax rate reduction.","Uninsured deposits <20% of total deposits; unused borrowing capacity $5.3B (34% of assets)."],"consensus_eps_estimate":null,"consensus_eps_actual":2.38,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-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":298763,"accession_number":"0001104659-23-062253","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2023-05-18T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares Q2 2023 quarterly dividends on common and preferred stock","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend $0.08 per share; payable July 3, 2023 to holders of record June 15, 2023.","Series A preferred $0.4375/share; Series B $0.375/depositary share; Series C $0.375; Series D $0.5156.","All dividends are regular quarterly declarations; no change in rate from prior quarter.","Annual meeting results: all 11 director nominees elected; say-on-pay approved with ~84% support."],"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":298762,"accession_number":"0001104659-23-051440","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2023-04-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q1 net income $55M (+10% YoY); dividend raised 14% to $0.08; NPLs rise to 0.76%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $55.0M, EPS $1.07; net interest margin expanded to 3.27% from 2.62% YoY.","Quarterly dividend increased 14% to $0.08 per common share.","Non-performing loans rose to 0.76% of loans from 0.08% a year ago, driven by two customers.","Issued $158.1M senior credit linked notes in March 2023; net proceeds of $153.5M to reduce risk-weighted assets.","Uninsured deposits under 25% of total deposits; unused borrowing capacity $4.0B."],"consensus_eps_estimate":null,"consensus_eps_actual":1.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-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":318957,"accession_number":"0001104659-23-039131","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2023-03-30T23:59:59+00:00","items":["2.03","9.01"],"status":"ready","headline":"Merchants Bancorp issues $158M senior credit linked notes due 2028","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $158M aggregate principal of senior credit linked notes due May 26, 2028.","Notes accrue interest at SOFR + 15.50%, payable monthly.","Net proceeds of ~$155M will be used for general corporate purposes.","Repayment linked to $1.13B reference pool of healthcare CRE loans; not secured by loans.","Transaction reduces risk-weighted assets and benefits regulatory capital ratios."],"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":318956,"accession_number":"0001104659-23-031722","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2023-03-13T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Merchants Bancorp confirms strong liquidity; $3.1B unused borrowing capacity","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Unused borrowing capacity of $3.1B with FHLB and Fed discount window as of Dec 31, 2022.","Liquid assets plus borrowing capacity equal 54% of $12.6B total assets.","93% of loan portfolio and 79% of investment securities reprice within 30 days.","Accumulated Other Comprehensive Losses only $10.5M, under 1% of total investment securities.","Offers depositors up to $100M FDIC protection via Insured Cash Sweep program."],"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":0.7,"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":318955,"accession_number":"0001104659-23-022805","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2023-02-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp raises quarterly common dividend 14% to $0.08 per share","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Quarterly common dividend increased to $0.08 per share, a 14% rise from prior quarter.","Dividends on Series A ($0.4375), B ($0.375/dep), C ($0.375/dep), and D ($0.5156/dep) preferred stock declared.","All dividends payable on April 3, 2023, to shareholders of record on March 15, 2023.","Annual shareholders meeting scheduled for May 18, 2023."],"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":0.6,"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":318954,"accession_number":"0001104659-23-007957","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2023-01-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q4 net income $57.2M (+4% YoY); FY22 EPS $4.47 (-6% YoY)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full-year 2022 net income $219.7M (-3% vs 2021); diluted EPS $4.47 (-6% vs 2021).","Total assets $12.6B (+12% YoY); loans net $7.4B (+29% YoY).","Q4 2022 net interest margin 3.13% vs 2.70% Q4 2021; efficiency ratio 31.3% vs 33.3%.","Tangible book value per share $21.88 (+22% YoY).","Completed $284M multi-family loan securitization via Freddie Mac Q-Series on Nov 3, 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":4.47,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2022-FY","consensus_source":"xbrl_only","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":337177,"accession_number":"0001104659-22-119530","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2022-11-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares Q4 dividends; initial Series D preferred dividend set","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend of $0.07 per share, payable Jan 3, 2023 to holders of record Dec 15, 2022.","Series A preferred dividend $0.4375 per share; Series B & C $15.00 per share (equiv $0.375/depositary).","Initial Series D preferred dividend $21.5417 per share (equiv $0.5385/depositary).","All dividends payable on Jan 3, 2023 with record date Dec 15, 2022."],"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":0.35,"calibrated_materiality_score":0.35,"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":337176,"accession_number":"0001104659-22-112006","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2022-10-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q3 net income $58.5M flat YoY; TBV up 23% to $20.78; NIM expands 32 bps","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $58.5M, diluted EPS $1.22, flat YoY; up 8% and 10% QoQ respectively.","Total assets $12.0B, up 8% from June 30, 2022; net interest margin 3.05% vs 2.73% YoY.","Completed $137.4M Series D preferred offering; sold $1.2B loans via REMIC, bought $1.0B HTM security.","Non-performing loans rose to 0.38% of loans from 0.07% in Q2, due to one fully collateralized healthcare loan.","Tangible book value per share $20.78, up 23% YoY; ROAA 2.05% vs 2.29% YoY."],"consensus_eps_estimate":null,"consensus_eps_actual":3.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2022-Q3","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":354556,"accession_number":"0001104659-22-103325","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2022-09-27T23:59:59+00:00","items":["3.03","5.03","8.01","9.01"],"status":"ready","headline":"Merchants Bancorp closes $130M preferred stock offering; net proceeds ~$125.3M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued 5.2M depositary shares (1/40th interest) of 8.25% Fixed Rate Reset Series D Preferred Stock at $25/share.","Net proceeds of approximately $125.3M after underwriting discounts and estimated expenses.","Underwriters granted 30-day option to purchase up to 780k additional depositary shares for over-allotments.","Joint book-runners: Piper Sandler & Co., Morgan Stanley & Co. LLC, UBS Securities LLC.","Articles of amendment filed to authorize 149,500 shares of Series D Preferred Stock."],"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":354555,"accession_number":"0001104659-22-102683","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2022-09-23T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Merchants Bancorp prices $130M perpetual preferred offering at 8.25% fixed rate","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Offering of 5,200,000 depositary shares representing 8.25% Series D Non-Cumulative Preferred Stock at $25/share.","Dividends at 8.25% through Oct 1, 2027; thereafter reset to 5-year Treasury rate plus 4.34%.","Underwriters have 30-day over-allotment option for up to 780,000 additional shares.","Net proceeds for general corporate purposes and balance sheet growth of Merchants Bank.","Expected closing September 27, 2022, subject to customary conditions."],"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":0.65,"calibrated_materiality_score":0.65,"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":354554,"accession_number":"0001104659-22-102335","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2022-09-22T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bank completes $1.2B securitization of multifamily bridge loans","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Private REMIC securitization of $1.2B first-lien floating-rate multifamily bridge loans.","Merchants Bank retains senior certificates representing ~86.6% beneficial interest; third-party investors buy subordinate certificates.","Subsidiary Merchants Capital Corp. will continue servicing the loans.","Expected to reduce risk-weighted assets and provide capital relief under risk-based capital rules."],"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":354553,"accession_number":"0001104659-22-092546","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2022-08-18T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares Q3 2022 quarterly dividends; $0.07 common, preferred dividends also set","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Common dividend of $0.07 per share, payable October 3, 2022 to holders of record September 15, 2022.","Series A preferred dividend $0.4375, Series B $15.00 ($0.375/depositary share), Series C $15.00 ($0.375/depositary share).","Dividends consistent with prior quarter; no change in rate announced.","Board declared all dividends on August 18, 2022."],"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":354552,"accession_number":"0001104659-22-083652","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2022-07-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Merchants Bancorp Q2 2022 net income $53.9M, EPS $1.11, ROAA 2.20%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $53.9M (+5% YoY), diluted EPS $1.11 (+5% YoY).","Total assets $11.1B (+15% vs Q1 2022); net interest margin 3.03% (up 41 bps QoQ).","Tangible book value $19.70/share (+25% YoY); nonperforming loans 0.07% of loans.","Completed $214M CMBS securitization of 14 multifamily loans via Freddie Mac Q-Series.","Repurchased $3.9M of common shares; brokered deposits +222% QoQ."],"consensus_eps_estimate":null,"consensus_eps_actual":2.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2022-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":372540,"accession_number":"0001104659-22-064223","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2022-05-24T23:59:59+00:00","items":["5.03","8.01","9.01"],"status":"ready","headline":"Merchants Bancorp increases authorized common shares to 75M; discloses 10b5-1 plan repurchases","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders approved increase in authorized common shares from 50M to 75M and total shares from 55M to 80M on May 19, 2022.","Company entered into Rule 10b5-1 plan on April 29, 2022 for stock repurchases, running from May 3, 2022 to May 2, 2023.","Repurchase plan approved Nov 17, 2021 authorizes up to $75M of common stock through Dec 31, 2023; as of May 23, 2022 repurchased 75,000 shares.","Second Amended and Restated Articles of Incorporation filed with Indiana Secretary of State on May 24, 2022."],"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":372539,"accession_number":"0001104659-22-062883","cik":1629019,"company_name":"Merchants Bancorp","ticker":"MBIN","form_type":"8-K","filed_at":"2022-05-19T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"Merchants Bancorp declares quarterly dividends; shareholders approve increase in authorized shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Quarterly common dividend of $0.07 per share, payable July 1, 2022 to holders of record June 15, 2022.","Preferred dividends: $0.4375 on Series A, and $15.00 per share on Series B and C (equivalent to $0.375 per depositary share).","Shareholders approved increase in authorized shares from 55M to 80M total, common from 50M to 75M.","All 11 director nominees were elected at the annual meeting on May 19, 2022."],"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":0.5,"calibrated_materiality_score":0.5,"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":"2022-05-19T23:59:59+00:00|372539"}