secwatch.observer — SEC 8-K summary
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Issuer:     Merchants Bancorp (MBIN)
CIK:        0001629019
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001104659-24-007716
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Merchants Bancorp reports record FY 2023 net income of $279.2M; Q4 EPS $1.58 up 41% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1629019/000110465924007716/0001104659-24-007716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1629019/000110465924007716/tm244347d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-007716

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