MBIN Board approves quarterly cash dividends on common and preferred

Rhea-AI Filing Summary

Merchants Bancorp reported that its Board of Directors declared regular quarterly cash dividends on its stock, including its common shares and preferred series. The company announced this decision on November 19, 2025 and disclosed it through a press release.

These dividends are scheduled to be paid on January 2, 2026 to shareholders who are on record as of December 15, 2025. The announcement covers the company’s common stock traded under ticker MBIN and depositary shares representing interests in its Series C, Series D, and Series E preferred stock listed on NASDAQ.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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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): November 19, 2025

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
Common Stock, without par value

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 8.01 Other Events.

On November 19, 2025, Merchants Bancorp (the “Company”) issued a press release announcing that the Company’s Board of Directors declared the following quarterly cash dividends:

· $0.10 per share on the Company’s outstanding shares of its common stock;

· $15.00 per share (equivalent to $0.375 per depositary share) on the Company’s outstanding shares of its 6% Series C preferred stock;

· $20.625 per share (equivalent to $0.5156 per depositary share) on the Company’s outstanding shares of its 8.25% Series D preferred stock; and

· $19.06 per share (equivalent to $0.4765 per depositary share) on the Company’s outstanding shares of its 7.625% Series E preferred stock.

Each of the dividends are payable on January 2, 2026 to shareholders of record on December 15, 2025.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release dated November 19, 2025 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: November 19, 2025	By:	/s/ Terry Oznick
		Name: Terry Oznick
		Title: General Counsel and Secretary

FAQ

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

Merchants Bancorp announced that its Board of Directors declared quarterly cash dividends on its common stock and certain preferred stock series, as disclosed in a press release dated November 19, 2025.

When will Merchants Bancorp pay the newly declared dividends?

The declared quarterly cash dividends are payable on January 2, 2026 to eligible shareholders.

What is the record date for Merchants Bancorp's latest dividends?

Shareholders of record on December 15, 2025 will be entitled to receive the quarterly cash dividends announced by Merchants Bancorp.

Which Merchants Bancorp securities are referenced in the dividend announcement?

The announcement covers common stock (MBIN) and NASDAQ-listed depositary shares representing a 1/40th interest in shares of Series C (MBINN), Series D (MBINM), and Series E (MBINL) preferred stock.

On which exchange is Merchants Bancorp common stock traded?

Merchants Bancorp common stock is traded on the NASDAQ under the ticker symbol MBIN.

How did Merchants Bancorp communicate the dividend declaration?

Merchants Bancorp issued a press release dated November 19, 2025, which is included as Exhibit 99.1, to communicate the Board’s quarterly cash dividend declaration.