{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-111739","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2023-10-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.839248+00:00","generated_at":"2026-06-09T08:35:43.083389+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 Q3 net income $81.5M, EPS $1.68, up 39% YoY; record assets $16.5B","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-111739","json":"https://secwatch.observer/filing/0001104659-23-111739.json","markdown":"https://secwatch.observer/filing/0001104659-23-111739.md","text":"https://secwatch.observer/filing/0001104659-23-111739.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465923111739/0001104659-23-111739-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465923111739/tm2329162d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T08:35:43.083389+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":"36a1a91b986651b16650bb73494e98003b1b9ea3","claim":"Merchants Bancorp reported the third quarter of 2023 results: revenue $16.5 billion, net income $81.5 million, EPS $1.68.","evidence_excerpt":"2023 diluted earnings per common share of $1.68 increased 38% compared to the third quarter of 2022 and increased 28% compared to the second quarter of 2023. · Total assets of $16.5 billion increased 4% compared to June 30, 2023, and increased 31% compared to December 31, 2022. · As of September 30, 2023, the Company had $5.4 billion, or 32% of total assets, in","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465923111739/0001104659-23-111739-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2023"},{"label":"Revenue","value":"$16.5 billion"},{"label":"Net income","value":"$81.5 million"},{"label":"EPS","value":"$1.68"},{"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"}