Q4 and full-year 2025 results at Merchants Bancorp (NASDAQ: MBIN)

Rhea-AI Filing Summary

Merchants Bancorp filed a current report stating that it issued a press release with its financial results for the fourth quarter and full fiscal year of 2025. The company furnished this earnings press release as Exhibit 99.1, making the detailed quarterly and annual information available by reference.

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United States

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549  

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 28, 2026

Merchants Bancorp

(Exact Name of Registrant as Specified in its Charter)

Indiana		001-38258		20-5747400
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

410 Monon Boulevard
Carmel, Indiana 46032
(Address of Principal Executive Offices) (Zip Code)

(317) 569-7420

(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, without par value	MBIN	NASDAQ
Depositary Shares, each representing a 1/40th interest in a share of Series C Preferred Stock, without par value	MBINN	NASDAQ
Depositary Shares, each representing a 1/40th interest in a share of Series D Preferred Stock, without par value	MBINM	NASDAQ
Depositary Shares, each representing a 1/40th interest in a share of Series E Preferred Stock, without par value	MBINL	NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      ¨

Item 2.02. Results of Operations and Financial Condition.

On January 28, 2026, Merchants Bancorp issued a press release reporting its financial results for the fourth quarter and full fiscal year of 2025. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release dated January 28, 2026 issued by Merchants Bancorp.
104		Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MERCHANTS BANCORP
Date: January 28, 2026	By:	/s/ Terry Oznick
		Name: Terry Oznick
		Title: General Counsel

FAQ

What did Merchants Bancorp (MBIN) disclose in this 8-K filing?

Merchants Bancorp disclosed that it issued a press release reporting financial results for the fourth quarter and full fiscal year 2025. The press release is included as Exhibit 99.1 and incorporated by reference into the current report.

Which period’s results does Merchants Bancorp (MBIN) cover in this update?

The update covers fourth quarter and full-year 2025 results for Merchants Bancorp. The company reported these financial results in a press release dated January 28, 2026, which is attached to the filing as Exhibit 99.1.

How can investors access the detailed 2025 results for Merchants Bancorp (MBIN)?

Investors can review Exhibit 99.1 to this current report. That exhibit is a press release dated January 28, 2026, in which Merchants Bancorp presents its fourth quarter and full fiscal year 2025 financial results in detail.

What exhibit did Merchants Bancorp (MBIN) include with this current report?

Merchants Bancorp included Exhibit 99.1 and Exhibit 104. Exhibit 99.1 is the January 28, 2026 press release with Q4 and full-year 2025 results, and Exhibit 104 provides the cover page interactive data file in inline XBRL format.

Does this Merchants Bancorp (MBIN) filing change its financial statements?

The filing itself does not revise financial statements; it furnishes a press release reporting Q4 and full-year 2025 results. The detailed financial information is contained in Exhibit 99.1, which is incorporated by reference into the report.