Highest-materiality recent filing
Net income $78.3M, diluted EPS $1.48, up 106% and 147% YoY respectively.
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).
Merchants Bancorp CFO John F. Macke to retire by Sept 30, 2024
EVP, CFO, and principal accounting officer John F. Macke notified company of retirement effective on or before Sept 30, 2024.
Merchants Bancorp reports record FY 2023 net income of $279.2M; Q4 EPS $1.58 up 41% YoY
Full year net income $279.2M (record), up 27% vs 2022; diluted EPS $5.64 (record), up 26%.
Merchants Bancorp Q3 net income $81.5M, EPS $1.68, up 39% YoY; record assets $16.5B
Net income of $81.5M, up 39% vs Q3 2022; diluted EPS $1.68, up 38% YoY.
Merchants Bancorp Q2 net income $65.3M, EPS $1.31; credit loss provision up sharply
Net income $65.3M, diluted EPS $1.31, up 21% and 18% vs Q2 2022 respectively.
Merchants Bancorp Q1 net income $55M (+10% YoY); dividend raised 14% to $0.08; NPLs rise to 0.76%
Net income $55.0M, EPS $1.07; net interest margin expanded to 3.27% from 2.62% YoY.
Merchants Bancorp issues $158M senior credit linked notes due 2028
Issued $158M aggregate principal of senior credit linked notes due May 26, 2028.
Merchants Bancorp confirms strong liquidity; $3.1B unused borrowing capacity
Unused borrowing capacity of $3.1B with FHLB and Fed discount window as of Dec 31, 2022.
Merchants Bancorp raises quarterly common dividend 14% to $0.08 per share
Quarterly common dividend increased to $0.08 per share, a 14% rise from prior quarter.
Merchants Bancorp Q4 net income $57.2M (+4% YoY); FY22 EPS $4.47 (-6% YoY)
Full-year 2022 net income $219.7M (-3% vs 2021); diluted EPS $4.47 (-6% vs 2021).
Merchants Bancorp Q3 net income $58.5M flat YoY; TBV up 23% to $20.78; NIM expands 32 bps
Net income $58.5M, diluted EPS $1.22, flat YoY; up 8% and 10% QoQ respectively.
Merchants Bancorp closes $130M preferred stock offering; net proceeds ~$125.3M
Issued 5.2M depositary shares (1/40th interest) of 8.25% Fixed Rate Reset Series D Preferred Stock at $25/share.
Merchants Bancorp prices $130M perpetual preferred offering at 8.25% fixed rate
Offering of 5,200,000 depositary shares representing 8.25% Series D Non-Cumulative Preferred Stock at $25/share.
Merchants Bank completes $1.2B securitization of multifamily bridge loans
Private REMIC securitization of $1.2B first-lien floating-rate multifamily bridge loans.
Merchants Bancorp Q2 2022 net income $53.9M, EPS $1.11, ROAA 2.20%
Net income $53.9M (+5% YoY), diluted EPS $1.11 (+5% 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.
On March 7, 2024, John F. Macke, the Company’s Executive Vice President, Chief Financial Officer, and principal accounting officer, notified the Company of his intention to retire.
Max materiality 0.85 · Median 0.60 · Most common event dividend