Welcome to our dedicated page for Merchants Bancorp SEC filings (Ticker: MBINL), 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.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on Merchants Bancorp's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into Merchants Bancorp's regulatory disclosures and financial reporting.
Merchants Bancorp is asking shareholders to vote at its 2026 annual meeting on electing 12 directors, approving 2025 executive pay on an advisory basis, and ratifying Forvis Mazars, LLP as auditor for 2026. The meeting is scheduled for May 21, 2026, with materials delivered primarily online.
The company reports 45,941,666 common shares outstanding on the record date and a majority-of-shares quorum requirement. Seven of the 12 director nominees are classified as independent under Nasdaq rules, and the CEO also serves as Board Chair with an Independent Lead Director structure in place.
For 2025, CEO Michael F. Petrie received salary of $1,000,000 and total compensation of $2,534,695, including restricted stock units and a discretionary bonus. Performance targets for revenue, earnings per share, and return on equity were missed, but the compensation committee approved 75% of target cash and equity incentives for several executives, citing industry conditions and fraud-related credit issues.
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.
Shane David N. reported acquisition or exercise transactions in this Form 4 filing.
Merchants Bancorp director Shane David N. received a grant of 377 shares of common stock on February 19, 2026 as the equity portion of his quarterly board retainer. The award value was calculated using a price of $46.45 per share, based on the prior day’s closing price.
After this grant, he directly holds 23,527 common shares. He also directly holds 2,000 Series C depositary shares, 2,000 Series D depositary shares, and 2,000 Series E depositary shares as of the same date.
Merchants Bancorp director Anne E. Sellers received an equity award of 377 shares of common stock, valued using a price of $46.45 per share. This grant represents the equity portion of her quarterly retainer for board service and brings her direct common stock holdings to 12,278 shares.
The filing also reports direct holdings of 12,000 Series C Depositary Shares and 4,000 Series D Depositary Shares, which are listed as existing positions rather than new acquisitions or sales.
O'Brien Patrick D. reported acquisition or exercise transactions in this Form 4 filing.
Merchants Bancorp director Patrick D. O'Brien received an equity award of 377 shares of common stock, valued using a price of $46.45 per share. According to the footnote, this grant represents the equity portion of his quarterly retainer for serving as a director, with the share count based on the prior day's closing price.
After this award, his directly held common stock position increased to 119,340 shares. The filing also reports his direct and indirect holdings of Series C, D, and E depositary shares as of the same date, without specifying new purchases or sales for those preferred securities.