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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 reported that The Petrie Grandchildren Trust, for which she serves as trustee, sold 9,000 shares of Common Stock on July 30, 2026 at a weighted average price of $55.20 per share, with prices between $55.20 and $55.23. Following the sale, the trust holds 727,103 shares. Additional indirect holdings reported include 77,130 shares as trustee of Old Trail Investments Trust and 14,033 shares held by her spouse.
Merchants Bancorp Chairman and CEO Michael F. Petrie reported an indirect sale of 9,000 shares of Common Stock on 2026-07-30 at a weighted average price of $55.20 per share, from a grandchildren trust for which his spouse serves as trustee, with sale prices ranging from $55.20 to $55.23. Following the transaction, that trust held 727,013 shares. Petrie also reports 1,848,994 Common shares held directly, including 48,961 unvested restricted stock units vesting between 2027 and 2029, various additional indirect trust holdings, and 2,958 Series C Depositary Shares held directly.
A trust associated with Michael Petrie filed to report transactions in common stock of The Charles Schwab Corporation. The filing notes a prior gift of shares dated 11/06/2021 and identifies the Petrie Grandchildren Trust as a holder. It also records that the Petrie Grandchildren Trust sold 10,696 shares of Charles Schwab common stock on 05/05/2026 for an aggregate amount of $500,027.24.
Merchants Bancorp reported strong second-quarter 2026 results, with net income of $78.3 million, or $1.48 diluted EPS, up from $38.0 million, or $0.60, a year earlier and $67.7 million, or $1.25, in the first quarter of 2026. Net income growth was driven mainly by an 83% reduction in provision for credit losses to $9.2 million and a 6% increase in net interest income to $136.5 million.
Total assets reached $21.2 billion, up 9% from December 31, 2025, while deposits grew to $14.3 billion. Core deposits rose 15% from December 31, 2025 to $13.0 billion and represented 91% of total deposits. Credit quality improved: criticized loans declined 12% since March 31, 2026 to $444.7 million, nonperforming loans fell to $205.6 million, or 1.67% of loans receivable, and delinquent loans decreased to $208.0 million, or 1.23% of total loans.
Liquidity remained high, supported by $5.5 billion of unused borrowing capacity; together with liquid assets, total available liquidity was $13.0 billion, or 61% of assets. Profitability metrics strengthened, including an annualized return on average assets of 1.52%, return on average tangible common equity of 14.95%, an efficiency ratio of 40.20%, and tangible book value per common share of $39.93, the 30th consecutive quarterly record.
Merchants Bancorp CEO of Merchants Capital, Michael R. Dury, reported a bona fide gift of 10,700 shares of Common Stock. The gift was made at no cash consideration and is classified as a disposition by gift. After this transfer, he directly holds 124,402 shares of Common Stock.
He also indirectly holds 18,200 Common shares as trustee of the Michael R. Dury GRAT - 2023, plus 4,000 Series D Depositary Shares and 26,000 Series C Depositary Shares. Direct holdings include 6,607 unvested restricted stock units that vest in tranches on 2/1/2027 and 2/1/2028.
Shaffer Mark E. reported acquisition or exercise transactions in this Form 4 filing.
Merchants Bancorp director Mark E. Shaffer received a stock grant as part of his board compensation. On May 21, 2026, he was awarded 381 shares of Merchants Bancorp common stock at a reference price of $46.03 per share.
According to the disclosure, this award represents the equity portion of his quarterly retainer for serving as a director. After this grant, Shaffer directly holds 381 shares of Merchants Bancorp common stock, and there are no related derivative positions reported in this filing.
O'Brien Patrick D. reported acquisition or exercise transactions in this Form 4 filing.
Merchants Bancorp director Patrick D. O'Brien reported a stock award and updated his preferred share holdings. He received 381 shares of common stock at $46.03 per share as the equity portion of his quarterly director retainer, bringing his direct common stock holdings to 119,721 shares.
The filing also lists direct and indirect holdings of Series C, D, and E Depositary Shares, including positions held through O'Brien Motors, Inc., without reporting new open‑market purchases or sales.
JUSTER ANDREW reported acquisition or exercise transactions in this Form 4 filing.
Merchants Bancorp director Andrew Juster received a grant of 381 shares of common stock as part of his quarterly board retainer. The award was valued using a price of $46.03 per share, based on the closing price immediately before the most recent scheduled quarterly board meeting.
After this compensation-related award, he holds 26,172 shares of common stock directly. The filing also shows direct holdings of 12,000 Series D Depositary Shares and 20,000 Series C Depositary Shares as of the same date.
Dinwiddie Thomas reported acquisition or exercise transactions in this Form 4 filing.
Merchants Bancorp director Thomas Dinwiddie received a grant of 381 shares of common stock on May 21, 2026. The award represents the equity portion of his quarterly retainer as a director, valued using the prior day’s closing price of $46.03 per share. Following this routine compensation grant, he holds 22,766 common shares directly.