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.
Michael F. & Jody J. Petrie Foundation reported sales of common shares of MBIN via Charles Schwab & Co. on 02/03/2026 and 02/20/2026. The filing lists 7,143 shares with proceeds of $300,004.60 and 6,638 shares with proceeds of $300,036.30, and identifies prior gifts dated 03/16/2021 and 11/06/2021.
Merchants Bancorp Chairman and CEO Michael F. Petrie reported open‑market sales of both preferred and common equity. On February 26, 2026, he sold 13,871 Series C Depositary Shares at a weighted average price of $20.25 per share, leaving 2,958 Series C shares held directly. That same day he sold 15,000 common shares at a weighted average price described between $44.05 and $44.00 per share, and held 1,893,328 common shares directly afterward, including 48,961 unvested restricted stock units that carry no voting rights or dividends until they vest.
On February 25, 2026, Petrie also sold 377 Series C Depositary Shares at a weighted average price of $20.20 per share. In addition to his direct holdings, the disclosure lists substantial indirect ownership of Merchants Bancorp common stock through his spouse and several family trusts for which his spouse acts as trustee.
Merchants Bancorp is a diversified Indiana-based bank holding company with three main segments: Multi-family Mortgage Banking, Mortgage Warehousing and Banking. As of December 31, 2025, it reported $19.4 billion in assets, $13.0 billion in deposits and $2.3 billion in shareholders’ equity.
The company focuses on affordable multi-family and healthcare facility finance, residential mortgage banking, SBA and agricultural lending, and is one of the larger agency and warehouse lenders in the U.S. Its Mortgage Warehousing segment funded $66.3 billion of loan principal in 2025. As of February 18, 2026, there were 45,962,065 common shares outstanding, and non‑affiliate equity market value was $990.6 million as of June 30, 2025.
Key risks highlighted include sensitivity to interest rates and mortgage volumes, reliance on active secondary markets and agency programs, construction and credit risk, competition from banks and fintechs, regulatory capital and CRA requirements, cybersecurity and privacy obligations, and the need to maintain strong internal controls and risk management.
MBIN filed a Form 144 reporting proposed and recent sales of Common stock by a selling holder.
The excerpt shows reported sales by the Michael F. & Jody J. Petrie Foundation of 7,143 shares for $300,004.60 on 02/03/2026 and 6,638 shares for $300,036.30 on 02/20/2026.
MBIN reports proposed sale of company common stock. The filing lists a proposed sale of 6,315 common shares with an indicated value of $284,490.00 dated 02/20/2026 on Nasdaq. It also records a sale by The Michael F. & Jody J. Petrie Foundation of 7,143 shares for $300,004.60 on 02/03/2026. The shares were originally gifted on 12/07/2018.
Shane David N. reported acquisition or exercise transactions in this Form 4 filing.
Merchants Bancorp director Shane David N. received a grant of 377 shares of common stock on February 19, 2026 as the equity portion of his quarterly board retainer. The award value was calculated using a price of $46.45 per share, based on the prior day’s closing price.
After this grant, he directly holds 23,527 common shares. He also directly holds 2,000 Series C depositary shares, 2,000 Series D depositary shares, and 2,000 Series E depositary shares as of the same date.
Merchants Bancorp director Anne E. Sellers received an equity award of 377 shares of common stock, valued using a price of $46.45 per share. This grant represents the equity portion of her quarterly retainer for board service and brings her direct common stock holdings to 12,278 shares.
The filing also reports direct holdings of 12,000 Series C Depositary Shares and 4,000 Series D Depositary Shares, which are listed as existing positions rather than new acquisitions or sales.
O'Brien Patrick D. reported acquisition or exercise transactions in this Form 4 filing.
Merchants Bancorp director Patrick D. O'Brien received an equity award of 377 shares of common stock, valued using a price of $46.45 per share. According to the footnote, this grant represents the equity portion of his quarterly retainer for serving as a director, with the share count based on the prior day's closing price.
After this award, his directly held common stock position increased to 119,340 shares. The filing also reports his direct and indirect holdings of Series C, D, and E depositary shares as of the same date, without specifying new purchases or sales for those preferred securities.
JUSTER ANDREW reported acquisition or exercise transactions in this Form 4 filing.
Merchants Bancorp director Andrew Juster received an equity award of 377 shares of common stock as part of his quarterly retainer for board service. The award was calculated by dividing the equity portion’s dollar value by a reference price of $46.45 per share and rounding up to the next whole share.
After this grant, Juster directly holds 25,791 shares of common stock. He also directly holds 20,000 Series C Depositary Shares and 12,000 Series D Depositary Shares, which are reported as existing holdings rather than new transactions.
Gilroy Sue Anne reported acquisition or exercise transactions in this Form 4 filing.
Merchants Bancorp director Sue Anne Gilroy received an equity grant of 377 shares of common stock, valued at $46.45 per share, as part of her quarterly board retainer. This award, based on the prior day’s closing price, increases her directly held stake to 13,684 shares.