{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-054002","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2024-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.320261+00:00","generated_at":"2026-06-03T05:35:06.501657+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Merchants Bancorp reports record Q1 net income of $87.1M; EPS $1.80 (+68% YoY)","bullets":["Net income $87.1M (+58% YoY); diluted EPS $1.80 (+68% YoY).","Total assets $17.8B (record, +25% YoY); tangible book value $29.26/sh (+28% YoY).","Efficiency ratio improved to 29.1% from 30.3% YoY; ROAA 2.07%.","Entered $544M credit default swap on multi-family loans; sold IL branches for $0.7M gain.","Series A Preferred Stock redeemed for ~$52M; quarterly dividend raised 13% to $0.09/sh."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-054002","json":"https://secwatch.observer/filing/0001104659-24-054002.json","markdown":"https://secwatch.observer/filing/0001104659-24-054002.md","text":"https://secwatch.observer/filing/0001104659-24-054002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924054002/0001104659-24-054002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924054002/tm2412872d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:35:06.501657+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":"2a21efc0899f3445aefdd7d49cd23028bb6d0004","claim":"Merchants Bancorp reported first quarter of 2023 results: net income $55.0 million, EPS $1.07.","evidence_excerpt":"This compared to $55.0 million, or diluted earnings per common share of $1.07 in the first quarter of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465924054002/0001104659-24-054002-index.htm","confidence":0.99,"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"}