4 - Merchants Bancorp (0001629019) (Issuer)

4 - Merchants Bancorp (0001629019) (Issuer)

4 - Merchants Bancorp (0001629019) (Issuer)

4 - Merchants Bancorp (0001629019) (Issuer)

4 - Merchants Bancorp (0001629019) (Issuer)

4 - Merchants Bancorp (0001629019) (Issuer)

CARMEL, Ind., May 19, 2022 /PRNewswire/ -- Merchants Bancorp (NASDAQ:MBIN) (the "Company" or "Merchants"), parent company of Merchants Bank of Indiana, today announces the appointment of Tamika Catchings and Thomas Dinwiddie to the Company's board of directors. With these new appointments, Catchings and Dinwiddie join a group of 11 distinguished members of the Merchants board. From 2001 to 2016, Catchings played for the Indiana Fever, the Indianapolis WNBA team, and became one of the most decorated athletes of all time. She is a four-time Olympic gold medalist, ten-time WNBA A

CARMEL, Ind., Nov. 20, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ:MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the fourth quarter of 2024, in each case to shareholders of record on December 13, 2024, payable on January 2, 2025: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $23.56 per share (equivalent to $0.59 per depositary share) on th

CARMEL, Ind., Nov. 18, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ:MBIN), a holding company that operates through its wholly owned subsidiary, Merchants Bank of Indiana ("Merchants Bank"), announced the pricing of an underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th ownership interest in a share of its 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock (the "Series E preferred stock"), with a liquidation preference of $25.00 per depositary share. When, as, and if declared by the board of directors of Merch

Third quarter 2024 net income of $61.3 million, decreased 25% compared to third quarter of 2023 and decreased 20% compared to the second quarter 2024, reflecting unfavorable fair market value adjustments to derivatives and servicing rights, and an increase in specific reserves on loans as part of the allowance for credit losses.Third quarter 2024 diluted earnings per common share of $1.17 decreased 30% compared to the third quarter of 2023 and decreased 21% compared to the second quarter of 2024.Unfavorable fair market value adjustments to interest rate floor derivatives on loans and servicing rights of $7.7 million and $6.7 million, respectively, negatively impacted results during the third

CARMEL, Ind., Sept. 11, 2024 /PRNewswire/ -- Merchants Bancorp (the "Company")(NASDAQ:MBIN) and its wholly owned subsidiary, Merchants Bank, have announced the appointment of Sean Sievers as its new Chief Financial Officer, effective Sept. 9, 2024. Sievers brings more than 25 years of executive financial leadership in the banking and mortgage industries to the top-performing banks' chief finance role. Most recently, Sievers served as CFO at Rate (formerly Guaranteed Rate), one of the leading mortgage bankers in the nation. His career includes leadership roles as CFO of Country

CARMEL, Ind., Aug. 15, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ:MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the third quarter of 2024, in each case to shareholders of record on September 13, 2024, payable on October 1, 2024: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on t

CARMEL, Ind., Aug. 1, 2024 /PRNewswire/ -- (NASDAQ:MBIN) Leading financial services provider Merchants Capital today announced the execution of a $543.5 million Credit Risk Transfer (CRT), secured by 41 performing multifamily bridge loans. This is the second multifamily CRT and the third overall completed by Merchants' Capital Markets platform, which has executed nearly $4 billion in securitizations.   The transaction, which closed in March, was structured as a Credit Default Swap (CDS), with $76 million in credit protection purchased from a large institutional investor as a f

Second quarter 2024 net income of $76.4 million, increased 17% compared to second quarter of 2023 and decreased 12% compared to the first quarter 2024.Second quarter 2024 diluted earnings per common share of $1.49 increased 14% compared to the second quarter of 2023 and decreased 17% compared to the first quarter of 2024.Total assets of $18.2 billion surpassed any level previously reported by the Company, increasing 2% compared to March 31, 2024 and increasing 7% compared to December 31, 2023.On May 13, 2024, the Company completed a common stock offering of 2.4 million shares, resulting in net proceeds of $97.7 million, which contributed to the estimated 70 basis point increase in the common

CARMEL, Ind., May 16, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ:MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the second quarter of 2024, in each case to shareholders of record on June 14, 2024, payable on July 1, 2024: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Compa

CARMEL, Ind., May 13, 2024 /PRNewswire/ -- Merchants Bancorp (NASDAQ:MBIN) ("Merchants" or the "Company"), a holding company that operates through its wholly owned banking subsidiary, Merchants Bank of Indiana (the "Bank"), announced today the pricing of the previously announced underwritten public offering of 2,400,000 shares of its common stock, without par value, at a public offering price of $43.00 per share. The expected proceeds to the Company, after deducting underwriting discounts and commissions but before deducting offering expenses payable by the Company, are approximately $98,040,000. In addition, the Company has granted the underwriters a 30-day right to purchase up to an additi

CARMEL, Ind., May 13, 2024 /PRNewswire/ -- Merchants Bancorp (NASDAQ:MBIN) ("Merchants" or the "Company"), a holding company that operates through its wholly owned banking subsidiary, Merchants Bank of Indiana (the "Bank"), announced today that it has launched an underwritten public offering of 2,400,000 shares of its common stock, without par value. The Company intends to grant the underwriters a 30-day right to purchase additional shares of its common stock. Morgan Stanley is serving as the lead bookrunning manager, and Piper Sandler and Raymond James are serving as joint bo

8-K - Merchants Bancorp (0001629019) (Filer)

424B5 - Merchants Bancorp (0001629019) (Filer)

8-K - Merchants Bancorp (0001629019) (Filer)

FWP - Merchants Bancorp (0001629019) (Subject)

424B5 - Merchants Bancorp (0001629019) (Filer)

8-K - Merchants Bancorp (0001629019) (Filer)

8-K - Merchants Bancorp (0001629019) (Filer)

8-K - Merchants Bancorp (0001629019) (Filer)

10-Q - Merchants Bancorp (0001629019) (Filer)

8-K - Merchants Bancorp (0001629019) (Filer)

Morgan Stanley initiated coverage of Merchants Bancorp with a rating of Equal-Weight and set a new price target of $54.00

Raymond James downgraded Merchants Bancorp from Strong Buy to Outperform and set a new price target of $58.00 from $55.00 previously

Raymond James reiterated coverage of Merchants Bancorp with a rating of Strong Buy and set a new price target of $55.00 from $49.00 previously

Raymond James reiterated coverage of Merchants Bancorp with a rating of Strong Buy and set a new price target of $49.00 from $57.00 previously

Raymond James reiterated coverage of Merchants Bancorp with a rating of Strong Buy and set a new price target of $44.00 from $39.00 previously

Piper Sandler analyst Nathan Rice reiterates Merchants Bancorp (NASDAQ:MBIN) with a Overweight and lowers the price target from $58.5 to $56.

Raymond James analyst Daniel Tamayo reiterates Merchants Bancorp (NASDAQ:MBIN) with a Strong Buy and maintains $55 price target.

Shares of Alibaba Group Holding Limited (NYSE:BABA) fell sharply during Tuesday's session following mixed first-quarter financial results. The e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted earnings per ADS of $1.40 missed the analyst consensus estimate of $1.41, according to data from Benzinga Pro. Alibaba Group shares tumbled 6.8% to $78.86 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares jumped 352.4% to $5.34 as the company reported pricing of $8.19 million

The expected proceeds to the Company, after deducting underwriting discounts and commissions but before deducting offering expenses payable by the Company, are approximately $98,040,000. In addition, the Company has granted the underwriters a 30-day right to purchase up to an additional 360,000 shares of Company common stock at the public offering price, less underwriting discounts and commissions.

Merchants Bancorp (NASDAQ:MBIN) ("Merchants" or the "Company"), a holding company that operates through its wholly owned banking subsidiary, Merchants Bank of Indiana (the "Bank"), announced today that it has launched an underwritten public offering of 2,400,000 shares of its common stock, without par value. The Company intends to grant the underwriters a 30-day right to purchase additional shares of its common stock.Morgan Stanley is serving as the lead bookrunning manager, and Piper Sandler and Raymond James are serving as joint bookrunning managers for the offering.The Company intends to use the net proceeds of this offering of common stock for general corporate purposes including to supp

Piper Sandler analyst Nathan Rice reiterates Merchants Bancorp (NASDAQ:MBIN) with a Overweight and raises the price target from $53 to $58.5.

Merchants Bancorp (NASDAQ:MBIN) reported quarterly earnings of $1.80 per share which beat the analyst consensus estimate of $1.36 by 32.35 percent. This is a 68.22 percent increase over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $167.93 million which beat the analyst consensus estimate of $144.15 million by 16.50 percent. This is a 46.08 percent increase over sales of $114.96 million the same period last year.

Merchants Bancorp ("Merchants") (NASDAQ:MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the first quarter of 2023, in each case to shareholders of record on March 15, 2024, payable on April 1, 2024: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);

Shares of United Parcel Service, Inc. (NYSE:UPS) fell sharply during Tuesday’s session after the company reported worse-than-expected fourth-quarter sales results and issued FY24 sales guidance below estimates. UPS reported a fourth-quarter fiscal 2023 revenue decline of 7.8% year-over-year to $24.92 billion, missing the consensus of $25.43 billion. Adjusted EPS was $2.47, down from $3.62 in Q4 2022, in line with the consensus. United Parcel Service shares dipped 8.3% to $145.04 on Tuesday. Here are some other stocks moving in today's mid-day session. Gainers Agape ATP Corporation (NASDAQ:ATPC) shares jumped 79% to $0.9120. Pixelworks, Inc. (NASDAQ:PXLW) rose 56.8% to $2.3209 after