Merchants Bancorp - MBINP STOCK NEWS

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Merchants Bancorp (symbol: MBINP) is a diversified bank holding company with a focus on mortgage and agricultural lending, as well as retail banking services. With assets totaling $3 billion and over 200 employees, Merchants Bank of Indiana operates from four central Indiana locations. The company owns PR Mortgage & Investments, a renowned multi-family housing mortgage company in the Midwest United States. Recognized for its excellence, Merchants was selected as one of the best places to work in Indiana for multiple years. Moreover, it was listed as one of the top-performing community banks nationally by SNL Financial and ranked as the 12th largest Indianapolis area bank by the Indianapolis Business Journal. Additionally, Merchants Bank of Indiana has been identified as one of the fastest-growing companies in the Indianapolis area.

02/28/2024 04:05 PM

News

Merchants Bancorp Announces Redemption of Its Series A Preferred Stock

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Merchants Bancorp (MBIN) announced the redemption of its 7.00% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock at $25.00 per share on April 1, 2024. Dividends of $0.4375 per share declared on February 14, 2024, will be paid separately. The redemption price excludes accrued dividends, ceasing all future dividends. Merchants will delist the Series A Preferred Stock voluntarily.

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Merchants Bancorp Increases Quarterly Common Dividend by 13%; Declares Quarterly Common and Preferred Dividends

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Merchants Bancorp (Nasdaq: MBIN) has announced its quarterly cash dividends for Q1 2021. The Board declared a dividend of $0.09 per share on common stock, reflecting a 13% increase from Q4 2020. Additionally, a dividend of $0.4375 per share on 7% Series A preferred stock (Nasdaq: MBINP) and $15.00 per share on 6% Series B preferred stock (Nasdaq: MBINO) were declared. Shareholders of record on March 15, 2021, will receive these payments on April 1, 2021.

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FAQ

What is the market cap of Merchants Bancorp (MBINP)?

The market cap of Merchants Bancorp (MBINP) is approximately 440.1M.

What is Merchants Bancorp's primary focus?

Merchants Bancorp primarily focuses on mortgage and agricultural lending, as well as retail banking services.

How many employees does Merchants Bank of Indiana have?

Merchants Bank of Indiana has over 200 employees.

What is PR Mortgage & Investments?

PR Mortgage & Investments is a leading multi-family housing mortgage company owned by Merchants Bank of Indiana.

Has Merchants Bancorp received any recognition?

Yes, Merchants has been selected as one of the best places to work in Indiana and listed as one of the top-performing community banks nationally.

Where is Merchants Bancorp headquartered?

Merchants Bancorp is headquartered in Carmel, Indiana.

What is the total assets of Merchants Bancorp?

Merchants Bancorp has assets totaling $3 billion.

What subsidiaries does Merchants Bancorp operate through?

Merchants Bancorp conducts its business primarily through subsidiaries including Merchants Bank of Indiana, Merchants Capital Corp., and Merchants Capital Investments, LLC, among others.

How is Merchants Bancorp involved in the mortgage industry?

Merchants Bancorp offers multi-family housing and healthcare facility financing and servicing through its Multi-family Mortgage Banking segment and provides mortgage warehouse financing through its Mortgage Warehousing segment.

Is Merchants Bancorp publicly traded?

Yes, Merchants Bancorp is publicly traded on Nasdaq under the symbol MBINP.

When was Merchants Bancorp founded?

Merchants Bancorp was founded in Carmel, Indiana, and operates multiple segments, including multi-family Mortgage Banking, Mortgage Warehousing, and Banking.