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 executive Scott A. Evans received an award of 4,011 shares of common stock on January 27, 2026, at a stated price of $0.00 per share. After this grant, he beneficially owns 29,373 shares in total, held directly.
The filing explains that these awards are unvested restricted stock units, meaning Evans does not have voting rights or receive dividends until the units vest and shares are issued. Of his total holdings, 15,174 are unvested restricted stock units scheduled to vest in stages on February 1 of 2026, 2027, 2028, and 2029.
Merchants Bancorp President, COO and director Michael J. Dunlap reported an acquisition of 20,051 shares of common stock on 01/27/2026 at a price of $0.00, increasing his directly held beneficial ownership to 219,962 shares.
The holding includes 70,795 unvested restricted stock units for which he does not have voting rights or receive dividends until vesting and share issuance. These units vest in scheduled tranches: 25,413 on 2/1/2026, 25,160 on 2/1/2027, 13,538 on 2/1/2028, and 6,684 on 2/1/2029.
Merchants Bancorp Chairman and CEO Michael F. Petrie reported an award of 20,565 shares of common stock on January 27, 2026, at a price of $0.00 per share. Following this award, he directly beneficially owns 1,939,993 common shares.
This direct holding total includes 78,768 unvested restricted stock units, which carry no voting rights or dividends until they vest and shares are issued. The restricted units are scheduled to vest in tranches on February 1, 2026, February 1, 2027, February 1, 2028, and February 1, 2029. Petrie also reports additional indirect ownership through his spouse and several family trusts, as well as 57,772 Series C Depositary Shares held directly.
Merchants Bancorp SVP and General Counsel Terry A. Oznick reported receiving 4,216 shares of Merchants Bancorp common stock on January 27, 2026 at a price of $0.00 per share, increasing his directly held common stock to 34,059 shares.
The 4,216 shares are unvested restricted stock units, and Oznick does not have voting rights or receive dividends on these units until they vest and shares are issued. His total common stock holdings include 15,379 unvested restricted stock units, scheduled to vest in tranches on February 1 of 2026, 2027, 2028, and 2029. He also directly holds 2,000 Series D Depositary Shares.
Merchants Bancorp chief financial officer Sean A. Sievers reported receiving 6,427 shares of common stock on January 27, 2026 at a stated price of $0.00 per share. Following this award, he directly beneficially owns 14,634 common shares and 3,000 Series D Depositary Shares.
The reported holdings include 8,688 unvested restricted stock units. These units carry no voting rights or dividends until they vest and shares are issued, with scheduled vesting of 753 units on February 1, 2026, 2,896 on February 1, 2027, 2,896 on February 1, 2028, and 2,143 on February 1, 2029.
Merchants Bancorp filed a current report stating that it issued a press release with its financial results for the fourth quarter and full fiscal year of 2025. The company furnished this earnings press release as Exhibit 99.1, making the detailed quarterly and annual information available by reference.
Merchants Bancorp reported insider sales of its Series C Depositary Shares by a reporting person who is a director, 10% owner, and the company’s Chairman and CEO. The insider sold 7,541 Series C Depositary Shares on 12/10/2025, 5,336 shares on 12/11/2025, and 1,380 shares on 12/12/2025, all at a price of $19 per share. Following these transactions, the insider directly holds 57,772 Series C Depositary Shares.
The filing also shows substantial holdings of Merchants Bancorp common stock. The insider directly beneficially owns 1,919,428 common shares, which include 58,203 unvested restricted stock units that are scheduled to vest in tranches on 2/1/2026, 2/1/2027, and 2/1/2028. Additional large indirect common stock positions are reported through the insider’s spouse and several family trusts.
Merchants Bancorp (MBIN) insider, who is a director, Chairman, CEO and 10% owner, reported sales of Series C Depositary Shares. On 11/21/2025, the reporting person sold 11,566 Series C Depositary Shares at $19.2 per share, and on 11/24/2025 sold an additional 1,902 Series C Depositary Shares at $19.35 per share. After these transactions, the insider beneficially owned 84,262 Series C Depositary Shares directly. The insider also directly held 1,919,428 shares of common stock, which includes 58,203 unvested restricted stock units scheduled to vest in tranches on 2/1/2026, 2/1/2027 and 2/1/2028, and reported substantial additional indirect common stock holdings through a spouse and multiple family trusts.
Merchants Bancorp reported a routine insider stock award. A director received 562 shares of common stock on 11/19/2025 as part of the equity portion of the quarterly retainer for board service. The number of shares was calculated by dividing the dollar value of the equity grant by $31.17, the closing price of Merchants Bancorp common stock on the day before the most recent scheduled quarterly board meeting, and rounding up to the next whole share.
After this award, the director beneficially owns 23,150 shares of common stock, held directly, along with 2,000 Series C, 2,000 Series D, and 2,000 Series E depositary shares. No derivative securities were reported.
Merchants Bancorp director reports routine equity award. A director of Merchants Bancorp (MBIN) acquired 562 shares of common stock on 11/19/2025 at a reference price of $31.17 per share as part of their quarterly retainer for board service. After this grant, the director beneficially owns 11,901 shares of common stock, 12,000 Series C Depositary Shares, and 4,000 Series D Depositary Shares, all held directly.
The filing explains that the number of common shares granted was calculated by dividing the dollar value of the equity portion of the director’s quarterly retainer by the closing price of MBIN common stock on the day before the most recent scheduled quarterly board meeting, then rounding up to the next whole share.