Highest-materiality recent filing
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 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).
Net income $54.7M ($0.97 diluted EPS) vs $61.3M ($1.17) in Q3 2024; up 44% from Q2 2025.
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 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 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.
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 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 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 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