Merchants Bancorp Ind SEC Filings

Shane David N., a director of Merchants Bancorp (symbol provided as MBIN in the filing), received an equity award as part of his quarterly director retainer. On 08/21/2025 he was issued 540 shares of common stock at a calculated price of $32.42 per share, bringing his total direct beneficial ownership of common stock to 22,588 shares. The filing also reports direct ownership of 2,000 Series C depositary shares, 2,000 Series D depositary shares, and 2,000 Series E depositary shares.

The filing states the award equals the equity portion of the quarterly retainer, with the share count determined by dividing the dollar value of the equity portion by the prior trading-day closing price and rounding up. The form is signed by an attorney-in-fact, Terry A. Oznick, dated 08/25/2025.

Anne E. Sellers, a director of Merchants Bancorp (MBIN), received an equity award and reported other share changes on Form 4. The filing shows a grant of 540 shares of common stock on 08/21/2025 at a price of $32.42 per share, representing the equity portion of her quarterly director retainer. After the award, Sellers beneficially owns 11,339 shares of common stock directly. The form also reports dispositions of 12,000 Series C depositary shares and 4,000 Series D depositary shares. The award share count was calculated by dividing the dollar value of the equity retainer by the prior trading day's closing price and rounding up.

Patrick D. O'Brien, a director of Merchants Bancorp (MBINO), received 540 shares of common stock as the equity portion of his quarterly director retainer on 08/21/2025 at a per-share price of $32.42. The filing shows this award was calculated by dividing the dollar value of the equity retainer by the closing price the day before the board meeting and rounding up. After the transaction the reporting person beneficially owned 118,401 shares of common stock.

The Form 4 also reports several depositary share transactions: dispositions of Series C, Series D and Series E depositary shares and indirect holdings of certain series held indirectly by O'Brien Motors, Inc. The form was signed by attorney-in-fact Terry A. Oznick on 08/25/2025.

Merchants Bancorp (MBIN) director Sue Anne Gilroy was awarded 540 shares of common stock on 08/21/2025 as the equity portion of her quarterly director retainer. The award price used to calculate the shares was the closing price on the trading day before the most recent scheduled quarterly board meeting, shown as $32.42 per share. After the award, Ms. Gilroy beneficially owns 12,745 shares. The Form 4 was signed via attorney-in-fact Terry A. Oznick on 08/25/2025. The filing discloses a routine compensation-related share issuance to a director.

Merchants Bancorp director Tamika Catchings reported a non‑derivative acquisition of 540 shares of the issuer's common stock on 08/21/2025 at a price of $32.42 per share. After the transaction she beneficially owned 6,446 shares of common stock and 100 Series D and 100 Series E depositary shares. The filing states the 540 shares were granted as the equity portion of her quarterly director retainer; the share count was set by dividing the dollar retainer by the prior trading-day closing price and rounding up.

The Form 4 was executed by attorney‑in‑fact Terry A. Oznick on 08/25/2025. The disclosure is a routine Section 16 filing documenting director compensation received in equity.

Andrew Juster, a director of Merchants Bancorp (symbol provided), reported a routine equity award on 08/21/2025 representing his quarterly director retainer. He was granted 540 shares of common stock at an attributable price of $32.42 per share, determined by the prior trading-day closing price and rounded up to the next whole share. After this award, the Form 4 shows he beneficially owns 24,852 common shares plus 20,000 Series C depositary shares and 12,000 Series D depositary shares. The filing was signed by an attorney-in-fact, Terry A. Oznick, on 08/25/2025. The filing states the award is the equity portion of the quarterly director retainer and uses the closing price method to compute shares.

Merchants Bancorp director Thomas Dinwiddie received 540 shares of the issuer's common stock as the equity portion of his quarterly director retainer, using a per-share price of $32.42 to determine the award. After the award, the reporting person beneficially owned 21,446 shares directly. The award was granted pursuant to the company’s regular director compensation practice, with the share count determined by dividing the dollar value of the equity retainer by the closing share price the day before the most recent scheduled quarterly board meeting.

Merchants Bancorp (MBINO) filed an 8-K reporting per-share cash amounts applicable to its outstanding equity securities. The filing lists a $0.10 amount per share on the company’s outstanding common stock and specified per-share cash amounts for several series of preferred stock: $15.00 for 6% Series C (equivalent to $0.375 per depositary share), $20.625 for 8.25% Series D (equivalent to $0.5156 per depositary share), and $19.06 for 7.625% Series E (equivalent to $0.4765 per depositary share). The form is signed by Terry Oznick, General Counsel and Secretary.

Merchants Bancorp reported total assets of $19.14 billion and deposits of $12.69 billion at June 30, 2025. Loans receivable totaled $10.52 billion (net of an allowance for credit losses on loans of $91.8 million), and loans held for sale rose to $4.106 billion. Cash and cash equivalents increased to $647.2 million from $476.6 million at year-end 2024.

For the three months ended June 30, 2025, net income was $37.98 million versus $76.39 million a year earlier; basic EPS declined to $0.60 from $1.50. The quarter included a $53.0 million provision for credit losses and noninterest expense of $77.34 million. Net interest income was essentially flat at $128.72 million and total noninterest income rose to $50.48 million, including a higher $23.34 million gain on sale of loans.