{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-050319","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2026-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.617223+00:00","generated_at":"2026-05-15T02:52:09.059784+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Merchants Bancorp Q1 net income $67.7M (+16% YoY); record assets $20.3B; MOU terminated","bullets":["Diluted EPS $1.25, up 34% YoY; tangible book value record $38.55/share (+10% YoY).","Total assets $20.3B, record high; loans receivable $11.4B, up 10% YoY.","Criticized loans $505.5M, down 31% YoY; NPLs $247.5M, up 25% QoQ. Charge-offs $23M in Q1.","MOU with FDIC and IDFI terminated during Q1; core deposits now 93% of total deposits.","Net interest margin 2.92% (+3 bps YoY); noninterest income up 97% YoY driven by MSR adjustments."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-050319","json":"https://secwatch.observer/filing/0001104659-26-050319.json","markdown":"https://secwatch.observer/filing/0001104659-26-050319.md","text":"https://secwatch.observer/filing/0001104659-26-050319.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465926050319/0001104659-26-050319-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465926050319/tm2612857d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:52:09.059784+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":"1e2206576dbec617140b652118f9059438b2bab5","claim":"Merchants Bancorp reported first quarter of 2026 results: net income $67.7 million, EPS $1.25 per diluted share.","evidence_excerpt":"Merchants Bancorp Reports First Quarter 2026 Results For Release April 28, 2026 · First quarter 2026 net income of $67.7 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1629019/000110465926050319/0001104659-26-050319-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2026"},{"label":"Net income","value":"$67.7 million"},{"label":"EPS","value":"$1.25 per diluted share"},{"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"}