{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-006686","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2025-01-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.239371+00:00","generated_at":"2026-05-27T08:22:59.354665+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Merchants Bancorp Reports Record Q4 Net Income of $95.7M; Full Year EPS $6.30","bullets":["Full year 2024 net income $320.4M (record), up 15% YoY; diluted EPS $6.30 (record), up 12%.","Q4 net income $95.7M, up 23% YoY and 56% QoQ; diluted EPS $1.85.","Total assets $18.8B (record), up 11% YoY; tangible book value $34.15 (record), up 25%.","Nonperforming loans increased to $279.7M (2.68%) from $210.9M (2.04%) QoQ and $82.0M (0.80%) YoY.","Completed Series E preferred offering ($222.7M net) and redeemed Series B preferred ($125M) on Jan 2, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-006686","json":"https://secwatch.observer/filing/0001104659-25-006686.json","markdown":"https://secwatch.observer/filing/0001104659-25-006686.md","text":"https://secwatch.observer/filing/0001104659-25-006686.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465925006686/0001104659-25-006686-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465925006686/tm254609d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T08:22:59.354665+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}