Merchants Bancorp Announces $100 Million Stock Repurchase Program

Rhea-AI Summary

Merchants Bancorp (NASDAQ: MBIN) announced a stock repurchase program authorizing up to $100 million of common stock, expiring December 31, 2027. The program allows purchases in the open market or otherwise at management's discretion and may be modified, suspended, or discontinued.

Repurchases are not obligatory and are subject to applicable laws, market conditions, and the company's financial and regulatory condition.

Positive

• $100 million authorization for stock repurchases
• Program valid through December 31, 2027
• Repurchases may be executed in the open market or otherwise at management discretion

Negative

• No obligation to repurchase shares; Board may modify, suspend, or discontinue the program
• Repurchases contingent on financial, regulatory, and market conditions, which may limit execution

Key Figures

Stock repurchase authorization: $100 million Program expiry: December 31, 2027

2 metrics

Stock repurchase authorization $100 million Maximum common stock repurchases under new program

Program expiry December 31, 2027 End date for authorized repurchases

Market Reality Check

Price: $34.95 Vol: Volume 250,385 is 1.78x t...

high vol

$34.95 Last Close

Volume Volume 250,385 is 1.78x the 20-day average, indicating elevated interest ahead of the buyback news. high

Technical Shares trade above the 200-day MA at $32.82, with the buyback announced near $35.33 and 19.39% below the 52-week high.

Peers on Argus

MBIN was roughly flat (-0.1%) while peers were mixed: GABC and HOPE gained (+1.7...

MBIN was roughly flat (-0.1%) while peers were mixed: GABC and HOPE gained (+1.79%, +2.88%), while NBHC, RBCAA, and TCBK were modestly negative. This pattern points to stock-specific drivers rather than a broad regional bank move.

Historical Context

3 past events · Latest: Nov 19 (Positive)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Nov 19	Dividend declaration	Positive	-2.3%	Board declared quarterly cash dividends on common and preferred shares.
Oct 28	Earnings release	Neutral	-2.0%	Q3 2025 results with record tangible book and mixed credit metrics.
Jul 28	Earnings release	Negative	-10.8%	Q2 2025 earnings declined sharply on higher credit loss provisions.

Pattern Detected

Recent news catalysts, including dividends and earnings, have coincided with negative next-day moves despite fundamentally oriented announcements.

Recent Company History

Over the past several months, Merchants Bancorp has focused on capital return and earnings amid evolving credit conditions. A November 19, 2025 dividend announcement for common and multiple preferred series was followed by a -2.25% move. Q3 2025 results on October 28, 2025 showed net income of $54.7M and record tangible book value, yet shares fell -1.98%. Q2 2025 results on July 28, 2025 highlighted sharply lower earnings driven by higher credit loss provisions and saw a steeper -10.84% reaction.

Market Pulse Summary

This announcement details a new stock repurchase program authorizing up to $100 million of common st...

Analysis

This announcement details a new stock repurchase program authorizing up to $100 million of common stock through December 31, 2027, providing the board flexibility on timing and size of buybacks. The program is discretionary and subject to market, economic, financial, and regulatory conditions. In context of recent dividends and earnings updates, investors may focus on how actively the authorization is used, any changes in credit trends, and future board actions regarding capital return.

Key Terms

stock repurchase program

1 terms

stock repurchase program financial

"announced that its Board of Directors approved a stock repurchase program of up to $100 million"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

AI-generated analysis. Not financial advice.

CARMEL, Ind., Jan. 28, 2026 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana, today announced that its Board of Directors approved a stock repurchase program of up to $100 million of common stock, expiring December 31, 2027.

The stock repurchase program permits Merchants to acquire shares of its common stock from time to time in the open market or otherwise at such prices, quantities, and terms as management deems appropriate and in the best interest of Merchants and its shareholders.  The repurchase program does not obligate Merchants to repurchase shares of its common stock and may be modified, suspended, or discontinued at any time at the discretion of its Board of Directors. 

Repurchases are subject to compliance with applicable laws and regulations. Repurchases will depend upon a variety of factors, including general market and economic conditions as well as the financial and regulatory condition of Merchants.

ABOUT MERCHANTS BANCORP
Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $19.4 billion in assets and $13.0 billion in deposits as of December 31, 2025, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Investment Partners, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana. For more information and financial data, please visit Merchants' Investor Relations page at investors.merchantsbancorp.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/merchants-bancorp-announces-100-million-stock-repurchase-program-302672972.html

SOURCE Merchants Bancorp

FAQ

What did Merchants Bancorp (MBIN) announce about the $100 million buyback on January 28, 2026?

Merchants approved a repurchase program authorizing up to $100 million of common stock through December 31, 2027. According to the company, purchases may occur in the open market or otherwise at management's discretion and are subject to laws and conditions.

How long is the Merchants Bancorp (MBIN) stock repurchase program valid and when does it expire?

The repurchase program runs through December 31, 2027, giving nearly a two-year window for purchases. According to the company, the Board may modify, suspend, or discontinue the program before that date.

How will Merchants Bancorp (MBIN) execute repurchases under the $100 million program?

Repurchases can be made in the open market or by other means at management's discretion. According to the company, timing, prices, and quantities will depend on market, economic, and regulatory conditions.

Does the $100 million repurchase program obligate Merchants Bancorp (MBIN) to buy shares?

No, the program does not obligate Merchants to repurchase shares and may be suspended or discontinued. According to the company, repurchases are permissive and subject to compliance with applicable laws.

What factors could limit Merchants Bancorp (MBIN) from completing the $100 million buyback?

Repurchases will depend on general market conditions, economic factors, and the company's financial and regulatory condition. According to the company, those constraints could reduce or delay the pace of repurchases.