Welcome to our dedicated page for Merchants Bancorp Ind SEC filings (Ticker: MBIN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Merchants Bancorp filings document the regulatory disclosures of an Indiana bank holding company with common stock and preferred depositary shares listed on Nasdaq. Form 8-K reports furnish quarterly and annual financial results, dividend declarations, and other material events tied to Merchants Bank of Indiana, multi-family and mortgage warehouse lending, credit quality, provisions, charge-offs, allowances, and capital actions.
Proxy materials describe annual shareholder voting matters, including director elections, advisory executive compensation votes, and auditor ratification. The filing record also identifies the company’s registered securities, including MBIN common stock and depositary shares representing Series C, Series D, and Series E preferred stock.
Merchants Bancorp director Julia L. Kaercher filed an initial Form 3 reporting indirect holdings of the company’s Common Stock. The filing lists 77,130 shares held as trustee of Old Trail Investments Trust, 736,013 shares held as trustee of The Petrie Grandchildren Trust, and 14,033 shares held by her spouse.
Merchants Bancorp director Michael S. Curless filed a Form 3, the initial statement of beneficial ownership for company insiders. This report in effect registers him as a reporting insider and, in this excerpt, shows no insider transactions or positions.
Merchants Bancorp reported results of its Annual Meeting of Shareholders held on May 21, 2026 and announced new quarterly dividends. Shareholders elected all director nominees, with support generally around 40 million votes for each nominee; for example, Mark E. Shaffer received 40,600,459 votes for and 43,354 withheld, plus 2,093,858 broker non-votes.
Shareholders also approved two additional proposals, with 38,671,751 votes for one matter and 42,714,503 votes for another. The board declared quarterly cash dividends on its common and preferred stock, payable on July 1, 2026 to shareholders of record on June 15, 2026. The company reported $20.3 billion in assets and $13.0 billion in deposits as of March 31, 2026.
Merchants Bancorp Chairman and CEO Michael F. Petrie reported an updated ownership position after making a bona fide gift of 16,000 shares of common stock at $0.00 per share. Following the gift, he directly holds 1,848,994 common shares.
The filing also lists substantial indirect common stock holdings through trusts and his spouse, including separate positions such as 2,611,424 shares held in the Emily J. Petrie Irrevocable Trust – 2010 and other family trusts, plus 2,958 Series C Depositary Shares held directly. A footnote notes 48,961 unvested restricted stock units that vest in stages from February 1, 2027 through February 1, 2029, for which he does not yet have voting rights or receive dividends.
Merchants Bancorp Chief Administrative Officer Kevin T. Langford reported a bona fide gift of 650 shares of common stock. The gift carried no sale price. After the transfer, he holds 36,433 shares directly, including 10,920 unvested restricted stock units that will vest between February 1, 2027 and February 1, 2029.
Merchants Bancorp Chairman and CEO Michael F. Petrie, a more than 10% owner of MBIN, reported open-market sales of Common Stock. He sold 20,000 shares directly on May 5, 2026 at $46.75 per share and 8,334 shares directly on May 6, 2026 at $46.86 per share, leaving him with 1,864,994 directly held shares.
In addition, an entity associated with him, where his spouse is trustee of The Petrie Grandchildren Trust, sold 10,696 Common Stock shares on May 5, 2026 at $46.75 per share, with 736,013 shares remaining in that trust. The filing also notes 48,961 unvested restricted stock units included in his holdings that will vest between February 1, 2027 and February 1, 2029, during which he does not have voting rights or receive dividends on those units.
Merchants Bancorp reported stronger quarterly results with net income of $67.7M for the three months ended March 31, 2026, up from $58.2M a year earlier. Net income allocated to common shareholders rose to $57.5M, with diluted EPS increasing to $1.25 from $0.93.
Total assets grew to $20.32B, driven by loan growth as loans receivable reached $11.40B and loans held for sale $4.71B. Deposits were $12.95B and borrowings increased to $4.77B. The allowance for credit losses on loans stood at $76.8M. Operating cash flow was negative $597.3M, reflecting heavy loan origination and sale activity.
The Charles Schwab Corporation Rule 144 notice reports a sale of 15,000 shares of Common Stock by Michael F Petrie Revocable Trust on 02/26/2026 for $660,697.86. The filing lists Restricted Stock Awards dated 02/01/2025 (23,212 shares) and 02/01/2026 (20,122 shares) as securities noted on the form.
The Charles Schwab Corp. notice of proposed sale of Common stock by a charitable foundation. The filing lists prior gifts of Common shares on 03/16/2021 (93,000 shares) and 11/06/2021 (113,636 shares), and shows recent dispositions by MICHAEL F & JODY J PETRIE FOUNDATION on 02/20/2026 (6,638 shares for $300,036.30) and 02/03/2026 (7,143 shares for $300,004.60). The securities are listed as Common and the exchange referenced is NASDAQ.
Merchants Bancorp reported first quarter 2026 net income of $67.7 million, or $1.25 diluted EPS, up from $58.2 million, or $0.93, in the first quarter of 2025 and roughly in line with the fourth quarter of 2025.
Total assets reached a record $20.3 billion, while tangible book value rose to $38.55 per share. Core deposits grew to $12.1 billion, representing 93% of total deposits, and brokered deposits fell sharply. Asset quality showed mixed trends: criticized loans declined year over year and quarter over quarter, but nonperforming loans increased during the quarter to $247.5 million, or 2.16% of loans receivable.
Net interest income rose 5% versus a year earlier to $128.6 million, while noninterest income nearly doubled, driven by higher loan servicing fees and other income. The efficiency ratio improved to 43.16%, and return on average assets was 1.43%, reflecting solid profitability despite elevated credit costs and charge-offs, particularly in the healthcare and multi-family portfolios.