STOCK TITAN

Merchants Bancorp - MBIN STOCK NEWS

Welcome to our dedicated news page for Merchants Bancorp (Ticker: MBIN), a resource for investors and traders seeking the latest updates and insights on Merchants Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Merchants Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Merchants Bancorp's position in the market.

Rhea-AI Summary
Merchants Bancorp (MBIN) announced the redemption of its 7.00% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock at $25.00 per share on April 1, 2024. Dividends of $0.4375 per share declared on February 14, 2024, will be paid separately. The redemption price excludes accrued dividends, ceasing all future dividends. Merchants will delist the Series A Preferred Stock voluntarily.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
Tags
none
-
Rhea-AI Summary
Merchants Bancorp (MBIN) reported record-setting financial results for full year 2023, with net income of $279.2 million, an increase of 27% compared to 2022. The diluted earnings per common share of $5.64 reached the highest level in the company's history, increasing 26% compared to 2022. The fourth quarter of 2023 saw a net income of $77.5 million, a 36% increase compared to the fourth quarter of 2022, but a 5% decrease compared to the third quarter of 2023. Total assets reached $17.0 billion, increasing 34% compared to December 31, 2022. The efficiency ratio was 33.1% in the fourth quarter of 2023. The Company also sold several Illinois bank branches in January 2024, which were granted regulatory approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.37%
Tags
-
Rhea-AI Summary
Merchants Bancorp reports Q3 2023 net income of $81.5 million, a 39% increase YoY. Total assets reach $16.5 billion, up 4% from Q2 2023. Efficiency ratio improves to 28.0%. Tangible book value per share increases 24% YoY. Company completes $303.6 million securitization of multi-family mortgage loans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.11%
Tags
Rhea-AI Summary
Merchants Bancorp announces agreements for branch acquisitions by Bank of Pontiac and CBI Bank & Trust. Bank of Pontiac to acquire $157M in deposits and $22M in loans, while CBI Bank & Trust to acquire $62M in deposits and $27M in loans from Farmers-Merchants. Acquisitions expected to close in Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.17%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.42%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.09%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
none
Merchants Bancorp

Nasdaq:MBIN

MBIN Rankings

MBIN Stock Data

1.66B
25.85M
44.42%
28.51%
0.75%
Savings Institutions
Finance and Insurance
Link
US
Carmel

About MBIN

merchants bank of indiana focuses on several aspects of mortgage and agricultural lending and retail banking services from four central indiana locations. merchants has $3 billion in assets and 200+ employees. merchants bank of indiana owns pr mortgage & investments, a leading multi-family housing mortgage company in the midwest united states. merchants bank of indiana has been selected as one of the best places to work in indiana for 2016 and 2017. merchants was also recognized by snl financial (an offering of s&p; global intelligence) as one of the top performing community banks nationally with assets between $1 billion and $10 billion. merchants was listed as #25 in the nation, the highest rated indiana bank on the list. the indianapolis business journal (ibj) banking and finance edition in may 2017 listed merchants as the 12th largest indianapolis area bank. in july 2017, the ibj listed merchants bank of indiana as one of the fastest growing companies in the indianapolis area. merc