{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-087529","form_type":"8-K","ticker":"MBIN","cik":"0001629019","company_name":"Merchants Bancorp","filed_at":"2026-07-28T20:05:36+00:00","discovered_at":"2026-07-28T20:06:00.479064+00:00","generated_at":"2026-07-28T20:06:17.234131+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Merchants Bancorp Q2 net income $78.3M, up 106% YoY; EPS $1.48, up 147% YoY; assets hit $21.2B record","bullets":["Net income $78.3M, diluted EPS $1.48, up 106% and 147% YoY respectively.","Total assets $21.2B (record); tangible book value $39.93 (30th consecutive quarterly high).","Credit quality improved: criticized loans down 12% QoQ to $444.7M; provision for credit losses down 83% YoY to $9.2M.","Net interest margin 2.81% (down 2bps YoY); gain on sale of loans down 44% YoY; loan servicing fees up 95% YoY.","Executed credit default swap on $169.9M multi-family loan pool; total deposits $14.3B, up 10% QoQ."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-087529","json":"https://secwatch.observer/filing/0001104659-26-087529.json","markdown":"https://secwatch.observer/filing/0001104659-26-087529.md","text":"https://secwatch.observer/filing/0001104659-26-087529.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1629019/000110465926087529/0001104659-26-087529-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1629019/000110465926087529/tm2621390d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-28T20:06:17.234131+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"}