{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-084766","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.612820+00:00","generated_at":"2026-06-13T00:34:18.861728+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Merchants Bancorp Q2 net income $65.3M, EPS $1.31; credit loss provision up sharply","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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-084766","json":"https://secwatch.observer/filing/0001104659-23-084766.json","markdown":"https://secwatch.observer/filing/0001104659-23-084766.md","text":"https://secwatch.observer/filing/0001104659-23-084766.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465923084766/0001104659-23-084766-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465923084766/tm2322055d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T00:34:18.861728+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":"e1f15f03123f1b24f4a40f3940c7edb2992b8490","claim":"Merchants Bancorp reported second quarter 2023 results: net income $65.3 million, EPS $1.31.","evidence_excerpt":"Merchants Bancorp (the “Company” or “Merchants”) (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported second quarter 2023 net income of $65.3 million, or diluted earnings per common share of $1.31.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465923084766/0001104659-23-084766-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Net income","value":"$65.3 million"},{"label":"EPS","value":"$1.31"},{"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"}