Darin Thomas
On March 17, 2025, Merchants Bancorp (the “Company”) appointed Darin Thomas, 57, as its Chief Accounting Officer.
Highest-materiality recent filing
Merchants Bancorp declares $0.11 common dividend and preferred dividends for Q2 2026
Common dividend of $0.11 per share; preferred dividends: Series C $15.00 ($0.375/dep), Series D $20.625 ($0.5156/dep), Series E $19.06 ($0.4765/dep).
Merchants Bancorp Q1 net income $67.7M (+16% YoY); record assets $20.3B; MOU terminated
Diluted EPS $1.25, up 34% YoY; tangible book value record $38.55/share (+10% YoY).
Merchants Bancorp increases quarterly common dividend 10% to $0.11 per share
Common dividend raised to $0.11 per share from $0.10, a 10% increase; payable April 1, 2026 to holders of record March 13, 2026.
Merchants Bancorp Q4 net income $67.8M, up 24% QoQ but down 29% YoY; asset quality improves
Diluted EPS $1.28, up 32% from Q3 2025 ($0.97) but down 31% from Q4 2024 ($1.85).
Merchants Bancorp declares Q4 dividends: common $0.10, preferred as stated
Common dividend $0.10 per share, payable Jan 2, 2026 to holders of record Dec 15, 2025.
Net income $54.7M ($0.97 diluted EPS) vs $61.3M ($1.17) in Q3 2024; up 44% from Q2 2025.
Merchants Bancorp declares $0.10 common and preferred dividends for Q3 2025
Common dividend of $0.10 per share, payable Oct 1 to holders of record Sep 15.
Merchants Bancorp Q2 net income $38M, down 50% YoY; provision surges on multi-family fraud
Diluted EPS of $0.60 declined 60% from $1.49 in Q2 2024 and 35% from $0.93 in Q1 2025.
Merchants Bancorp declares $0.10 quarterly common dividend, preferred dividends for Q2 2025
Common dividend of $0.10 per share payable July 1, 2025 to record holders June 13, 2025.
Merchants Bancorp Q1 net income falls 33% YoY to $58.2M; EPS $0.93 down 48%
Q1 2025 net income $58.2M, down 33% YoY; diluted EPS $0.93, down 48% from $1.80.
Merchants Bancorp appoints Darin Thomas as Chief Accounting Officer
Darin Thomas, 57, appointed CAO effective March 17, 2025; assumes duties from CFO Sean A. Sievers.
Merchants Bancorp increases quarterly common dividend 11% to $0.10 per share; payable April 1, 2025
Common dividend raised to $0.10 per share from $0.09, an 11% increase.
Merchants Bancorp Reports Record Q4 Net Income of $95.7M; Full Year EPS $6.30
Full year 2024 net income $320.4M (record), up 15% YoY; diluted EPS $6.30 (record), up 12%.
Merchants Bancorp corrects Series B preferred dividend to $24.35/share, reaffirms Jan 2 redemption
Corrected Series B preferred dividend to $24.35 per share ($0.60875 per depositary share) due to floating rate adjustment effective Oct 1, 2024.
All outstanding Series B Preferred (MBINO) to be redeemed on Jan 2, 2025 at $25.00 per share; uses cash on hand.
Merchants Bancorp closes $222.8M depositary share offering of Series E preferred stock
Issued 9,200,000 depositary shares (each 1/40th share of 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock).
Merchants Bancorp prices $230M 7.625% Series E preferred stock offering to redeem Series B preferred
Offering of 9.2M depositary shares at $25 each, representing Series E 7.625% non-cumulative perpetual preferred stock.
Merchants Bancorp declares Q4 2024 dividends; Series B preferred rate reset to 9.42%
Common dividend of $0.09/share, payable Jan 2, 2025 to holders of record Dec 13, 2024.
Merchants Bancorp Q3 net income $61.3M (-25% YoY); EPS $1.17 (-30% YoY); NPLs rise
Diluted EPS of $1.17, down 30% YoY and 21% QoQ; net income fell 25% YoY to $61.3M.
Merchants Bancorp appoints Sean Sievers as CFO, succeeding retiring John Macke
Sievers appointed CFO effective Sept 9, 2024; also principal accounting officer and CFO of Merchants Bank of Indiana.
Merchants Bancorp declares Q3 2024 quarterly dividends; common $0.09/share
Common dividend $0.09/share (NASDAQ:MBIN), payable Oct 1, record Sep 13.
Merchants Bancorp Q2 net income $76.4M (+17% YoY), EPS $1.49, assets record $18.2B
Q2 2024 net income $76.4M (diluted EPS $1.49), up 17% YoY but down 12% QoQ.
Merchants Bancorp raises $98M in common stock offering at $43/share
Launched and priced offering of 2,400,000 shares of common stock at $43.00 per share.
Merchants Bancorp declares $0.09 common dividend, preferred dividends, and elects directors
Common dividend $0.09/share, Series B & C preferred $15.00/share ($0.375/depositary), Series D $20.625/share ($0.5156/depositary).
Merchants Bancorp reports record Q1 net income of $87.1M; EPS $1.80 (+68% YoY)
Net income $87.1M (+58% YoY); diluted EPS $1.80 (+68% YoY).
On March 17, 2025, Merchants Bancorp (the “Company”) appointed Darin Thomas, 57, as its Chief Accounting Officer.
As previously announced by the Company on March 7, 2024, the Company’s current Chief Financial Officer, John F. Macke, intends to retire. Mr. Macke’s last day with the Company will be September 27, 2024.
The Board of Directors (“Board”) of Merchants Bancorp (the “Company”) has appointed Sean Sievers as the Company’s Chief Financial Officer effective September 9, 2024.
Max materiality 0.85 · Median 0.60 · Most common event dividend