{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-112006","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2022-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.492610+00:00","generated_at":"2026-06-23T00:04:09.061640+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Merchants Bancorp Q3 net income $58.5M flat YoY; TBV up 23% to $20.78; NIM expands 32 bps","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-112006","json":"https://secwatch.observer/filing/0001104659-22-112006.json","markdown":"https://secwatch.observer/filing/0001104659-22-112006.md","text":"https://secwatch.observer/filing/0001104659-22-112006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465922112006/0001104659-22-112006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465922112006/tm2229046d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T00:04:09.061640+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e91ecdd9cbaa84b2506e7facd4375907ba51ee49","claim":"Merchants Bancorp reported the third quarter of 2022 results: net income $58.5 million, EPS diluted earnings per common share of $1.22.","evidence_excerpt":"Third quarter 2022 diluted earnings per common share of $1.22","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465922112006/0001104659-22-112006-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2022"},{"label":"Net income","value":"$58.5 million"},{"label":"EPS","value":"diluted earnings per common share of $1.22"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}