Welcome to our dedicated page for Merchants Bancorp SEC filings (Ticker: MBINM), 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.
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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 (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.
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 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.