$MBINM

Merchants Bancorp (NASDAQ: MBIN) reported second-quarter earnings of $78.3M, up 106% YoY, driven by lower credit costs and higher net interest income. The bank's specialized model offers growth potential but also carries risks. Analysts maintain a Buy rating, though shares are near the average price target of $51.50.

Merchants Bancorp (MBIN) declared quarterly dividends: $0.11 per common share, $15.00 per Series C preferred, $20.625 per Series D preferred, and $19.06 per Series E preferred. Dividends are payable on October 1, 2026, to shareholders of record on September 15, 2026. The company operates in banking, mortgage, and investment sectors with $21.2 billion in assets as of June 30, 2026.

Kaercher Julia L. sold 9,000 indirectly-held shares of Merchants Bancorp (MBIN) at $55.20 ($0.50M total) on 2026-07-30.

Petrie Michael F. (Chairman and CEO) sold 9,000 indirectly-held shares of Merchants Bancorp (MBIN) at $55.20 ($0.50M total) on 2026-07-30.

Merchants Bancorp (NASDAQ:MBIN) reported Q2 CY2026 revenue of $182.2 million, up 1.7% year on year and in line with Wall Street expectations, according to the company. GAAP earnings were $1.48 per share, 22.3% above consensus. The article also cites TBVPS growth and notes the stock was flat at $48.72 after results.

Merchants Bancorp (MBIN) reported Q2 results versus analyst estimates. Its efficiency ratio was 40.2% vs 42.1% estimated, net interest margin 2.8% vs 2.9%, and average earning assets $19.46B vs $19.37B. Noninterest income and several fee lines beat estimates, while gain on sale of loans was $13.16M vs $22.17M.

Merchants Bancorp (MBIN) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 tm2621390d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE Merchants Bancorp Reports Second Quarter of 2026 Results For Release July 28, 2026 · Net income of $78.3 million in the second quarter of 2026 increased $40.3 million, or 106%, compared to the second quarter

Merchants Bancorp Chairman and CEO Michael F. Petrie, a more than 10% owner, reported open-market sales of 39,030 Common Stock shares totaling over $1.8 million across direct and indirect holdings. Despite these sales, Petrie retains a substantial stake in the company, holding 1,864,994 direct shares and significant indirect holdings through trusts, along with 48,961 unvested restricted stock units. The transactions were detailed in a recent Form 4 SEC filing, indicating the prices received for the shares and his remaining beneficial ownership.

Merchants Bancorp's shares fell 9.3% following its Q1 2026 earnings report, despite a headline beat. The decline was triggered by a nearly 50% drop in brokered deposits year-over-year and a significant increase in funding costs, raising investor concerns about the sustainability of earnings growth. A law firm has launched an investigation into potential federal securities law violations regarding prior strong deposit growth statements versus the lack of commentary on the recent steep decline in brokered deposits.

Piper Sandler has increased its price target for Merchants Bancorp (MBIN) to $58 from $51, maintaining an Overweight rating despite a mixed quarter with elevated non-accrual loans (NCOs) and slightly lower-than-expected pre-provision net revenue (PPNR). The firm expressed increased confidence after discussions with management that fraud-related issues have been mostly addressed, anticipating a meaningful reduction in credit costs and problem loan levels later in the year. The report also notes Merchants Bancorp's recent Q1 EPS of $1.25, surpassing the consensus of $1.16.