{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-007716","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2024-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.865311+00:00","generated_at":"2026-06-06T15:57:08.379962+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 reports record FY 2023 net income of $279.2M; Q4 EPS $1.58 up 41% YoY","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-007716","json":"https://secwatch.observer/filing/0001104659-24-007716.json","markdown":"https://secwatch.observer/filing/0001104659-24-007716.md","text":"https://secwatch.observer/filing/0001104659-24-007716.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924007716/0001104659-24-007716-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924007716/tm244347d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T15:57:08.379962+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":"f8b9a77ede94fded6123a796fe44c0370dc58eaa","claim":"Merchants Bancorp reported the fourth quarter and full fiscal year 2023 results: net income $279.2 million, EPS $5.64.","evidence_excerpt":"On January 29, 2024, Merchants Bancorp issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924007716/0001104659-24-007716-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full fiscal year 2023"},{"label":"Net income","value":"$279.2 million"},{"label":"EPS","value":"$5.64"},{"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"}