{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-051440","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.735840+00:00","generated_at":"2026-06-16T09:02:06.228462+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Merchants Bancorp Q1 net income $55M (+10% YoY); dividend raised 14% to $0.08; NPLs rise to 0.76%","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-051440","json":"https://secwatch.observer/filing/0001104659-23-051440.json","markdown":"https://secwatch.observer/filing/0001104659-23-051440.md","text":"https://secwatch.observer/filing/0001104659-23-051440.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465923051440/0001104659-23-051440-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465923051440/tm2313856d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T09:02:06.228462+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":"82a61c39f92abadecd6cab427e7b851254a0c006","claim":"Merchants Bancorp reported first quarter of 2023 results: net income $55.0 million, EPS $1.07.","evidence_excerpt":"Merchants Bancorp (the “Company” or “Merchants”) (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported first quarter 2023 net income of $55.0 million, or diluted earnings per common share of $1.07. This compared to $50.1 million, or diluted earnings per common share of $1.02 in the first quarter of 2022, and compared to $57.2 million, or diluted earnings per common share of $1.12 in the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465923051440/0001104659-23-051440-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023"},{"label":"Net income","value":"$55.0 million"},{"label":"EPS","value":"$1.07"},{"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"}