Welcome to our dedicated page for Merchants Bancorp 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 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.
Merchants Bancorp ownership schedule lists 4,033,647 shares of Common Stock beneficially owned by BlackRock, Inc., representing 8.8% of the class as of 03/31/2026. The filing shows sole voting power over 3,997,810 shares and sole dispositive power over 4,033,647 shares. The schedule is signed by a BlackRock Managing Director on 04/27/2026.
Merchants Bancorp is asking shareholders to vote at its 2026 annual meeting on electing 12 directors, approving 2025 executive pay on an advisory basis, and ratifying Forvis Mazars, LLP as auditor for 2026. The meeting is scheduled for May 21, 2026, with materials delivered primarily online.
The company reports 45,941,666 common shares outstanding on the record date and a majority-of-shares quorum requirement. Seven of the 12 director nominees are classified as independent under Nasdaq rules, and the CEO also serves as Board Chair with an Independent Lead Director structure in place.
For 2025, CEO Michael F. Petrie received salary of $1,000,000 and total compensation of $2,534,695, including restricted stock units and a discretionary bonus. Performance targets for revenue, earnings per share, and return on equity were missed, but the compensation committee approved 75% of target cash and equity incentives for several executives, citing industry conditions and fraud-related credit issues.
Merchants Bancorp (MBIN) update: a group of related filers filed Amendment No. 10 to a Schedule 13G/A reporting beneficial ownership stakes in the company.
The filing shows Michael F. Petrie and Jody J. Petrie each with 12,575,375 shares (reported 27.4% each), plus holdings for Emily J. Pell and two irrevocable trusts totaling additional single-digit percentages. Signatures are dated 04/06/2026.
Merchants Bancorp Schedule 13G/A reports beneficial ownership stakes held by five Rogers family members who filed jointly under a Joint Filing Agreement. The filing lists individual holdings: Randall D. Rogers 2,740,423 shares (6.0%), Mary H. Rogers 2,740,423 shares (6.0%), Katherine H. Rogers 2,063,470 shares (4.5%), Carey Rogers Kulongoski 2,750,208 shares (6.0%), and Randall D. Rogers, Jr. 3,775,767 shares (8.3%). The filing discloses voting and dispositive power allocations: some holders report sole voting/dispositive power while others report shared power.