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 (MBIN) reported a routine director compensation transaction. A board member, filing individually, received 562 shares of common stock on 11/19/2025, coded as an acquisition, as the equity portion of the quarterly retainer for service as a director. The grant price reference was $31.17 per share, based on the closing price of the prior trading day, with the share count rounded up to the next whole share.
Following this transaction, the reporting person beneficially owned 118,963 shares of common stock directly. The filing also lists direct holdings of 43,700 Series C Depositary Shares, 40,000 Series D Depositary Shares, and 40,000 Series E Depositary Shares, plus indirect holdings of 40,000 Series C Depositary Shares and 40,000 Series E Depositary Shares through O'Brien Motors, Inc.
Merchants Bancorp reported a routine equity grant to one of its directors. On 11/19/2025, the director received 562 shares of Merchants Bancorp common stock as the equity portion of the quarterly board retainer. The number of shares was calculated by dividing the retainer’s dollar value by $31.17, the closing price of the stock on the trading day before the most recent scheduled quarterly board meeting, and rounding up to the next whole share.
After this grant, the director beneficially owns 13,307 shares of Merchants Bancorp common stock, held directly. No derivative securities transactions were reported in this filing.
Merchants Bancorp director reports stock grant and holdings
A director of Merchants Bancorp (MBIN) reported receiving 562 shares of common stock on 11/19/2025, coded as an acquisition. The filing explains this award is the equity portion of the director’s quarterly retainer, calculated using the closing price of $31.17 per share on the day before the most recent scheduled quarterly board meeting and rounded up to the next whole share.
After this grant, the reporting person beneficially owns 25,414 shares of common stock, 20,000 Series C Depositary Shares, and 12,000 Series D Depositary Shares, all held directly. This reflects routine director compensation in stock rather than a market purchase.
Merchants Bancorp director reports stock award under Form 4. A board member of Merchants Bancorp (MBIN) received an equity grant of 562 shares of common stock on 11/19/2025, recorded as an acquisition transaction. The shares were valued using a reference price of $31.17 per share, based on the closing price of the prior trading day.
This stock award represents the equity portion of the director's quarterly retainer for board service. Following this grant, the reporting person beneficially owns 22,008 shares of Merchants Bancorp common stock, held directly.
Merchants Bancorp reported a routine insider equity award for one of its directors. On 11/19/2025, the director received 562 shares of Merchants Bancorp common stock as the equity portion of the quarterly board retainer. The share grant was valued using a reference price of $31.17 per share, based on the closing price immediately before the most recent scheduled quarterly board meeting.
After this transaction, the director beneficially owned 7,008 shares of common stock, held directly, along with 100 Series D depositary shares and 100 Series E depositary shares. The filing is made as a Form 4 by a reporting person who serves as a director of Merchants Bancorp and reflects standard director compensation in stock rather than cash.
Merchants Bancorp reported that its Board of Directors declared regular quarterly cash dividends on its stock, including its common shares and preferred series. The company announced this decision on November 19, 2025 and disclosed it through a press release.
These dividends are scheduled to be paid on January 2, 2026 to shareholders who are on record as of December 15, 2025. The announcement covers the company’s common stock traded under ticker MBIN and depositary shares representing interests in its Series C, Series D, and Series E preferred stock listed on NASDAQ.
Merchants Bancorp Chairman and CEO insider trading report shows that the reporting person, who is also a 10% owner, sold small amounts of Series C Depositary Shares. On 11/14/2025, 101 Series C Depositary Shares were sold at a weighted average price of $19.83 per share, and on 11/18/2025, 1,069 Series C Depositary Shares were sold at $19.80 per share. After these transactions, the reporting person held 97,730 Series C Depositary Shares directly. They also reported substantial holdings of Merchants Bancorp common stock, including 1,919,428 shares directly and additional indirect holdings through a spouse and various family trusts. The filing notes that 58,203 unvested restricted stock units are included in the direct common stock figure, with tranches vesting on 2/1/2026, 2/1/2027, and 2/1/2028.
Merchants Bancorp (MBIN) Chairman and CEO Michael F. Petrie reported open‑market sales of Series C Depositary Shares: 100 shares on 11/10/2025 at $20.05 and 1,000 shares on 11/13/2025 at $19.85.
Following these trades, he directly owned 98,900 Series C Depositary Shares and 1,919,428 shares of common stock. Indirect common stock holdings were also reported via spouse‑managed trusts. The direct total includes 58,203 unvested RSUs vesting through 2/1/2028.
Merchants Bancorp reported lower profitability while growing funding in its latest quarter. For the three months ended September 30, 2025, net income was $54.7 million versus $61.3 million a year ago as net interest income eased to $128.1 million and the provision for credit losses increased to $29.2 million. Diluted EPS was $0.97 compared with $1.17. Noninterest income improved, led by a higher $24.7 million gain on loan sales.
The balance sheet expanded. Total assets were $19.35 billion (from $18.81 billion at year-end). Deposits rose to $13.93 billion while borrowings declined to $2.90 billion, shifting the funding mix toward deposits. Total shareholders’ equity was $2.23 billion. Loans receivable stood at $10.52 billion, and securities held to maturity had a fair value of $1.67 billion. As of October 31, 2025, 45,889,238 common shares were outstanding.
Merchants Bancorp (MBIN) insider activity: A company officer purchased 15,500 shares of common stock on 10/30/2025 at a weighted average price of $31.64, with trades ranging from $31.50 to $31.77. Following the purchase, the reporting person beneficially owned 138,074 common shares directly and 18,200 common shares indirectly as trustee of the Michael R. Dury GRAT - 2023 Series C. The filing also lists 26,000 Depositary Shares and 4,000 Series D Depositary Shares held directly.
The holdings include 13,378 unvested restricted stock units, scheduled to vest as follows: 6,771 on 2/1/2026; 4,829 on 2/1/2027; and 1,778 on 2/1/2028.