Merchants Bancorp Increases Quarterly Common Dividend From $0.08 To $0.09 Per Share

2/14/24 4:23:02 PM ET

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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);

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Recent Analyst Ratings for
$MBIN

Date	Price Target	Rating	Analyst
9/9/2024	$54.00	Equal-Weight	Morgan Stanley
7/30/2024	$55.00 → $58.00	Strong Buy → Outperform	Raymond James
11/2/2021	$49.00 → $55.00	Strong Buy	Raymond James
8/26/2021	$57.00 → $49.00	Strong Buy	Raymond James

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Merchants Bancorp Declares Quarterly Common and Preferred Dividends
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
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Merchants Bancorp Prices Depositary Share Offering
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
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Merchants Bancorp Reports Third Quarter 2024 Results
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
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Merchants Bancorp Declares Quarterly Common and Preferred Dividends
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
11/20/24 4:05:00 PM ET
$MBIN
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Merchants Bancorp Reports Third Quarter 2024 Results
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
10/28/24 4:05:00 PM ET
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Merchants Bancorp Declares Quarterly Common and Preferred Dividends
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
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Merchants Bancorp Increases Quarterly Common Dividend From $0.08 To $0.09 Per Share

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$MBIN Large Ownership Changes

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SEC Form SC 13G/A filed by Merchants Bancorp (Amendment)

SEC Form SC 13G/A filed by Merchants Bancorp (Amendment)

SEC Form SC 13G/A filed by Merchants Bancorp (Amendment)

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Merchants Bancorp Declares Quarterly Common and Preferred Dividends

Merchants Bancorp Prices Depositary Share Offering

Merchants Bancorp Reports Third Quarter 2024 Results

Piper Sandler Reiterates Overweight on Merchants Bancorp, Lowers Price Target to $56

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Director Sellers Anne E. was granted 449 shares, increasing direct ownership by 5% to 9,854 units (SEC Form 4)

Director Juster Andrew was granted 449 shares, increasing direct ownership by 2% to 23,367 units (SEC Form 4)

Director Dinwiddie Thomas was granted 449 shares, increasing direct ownership by 2% to 19,961 units (SEC Form 4)

$MBIN Financials

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Merchants Bancorp Declares Quarterly Common and Preferred Dividends

Merchants Bancorp Reports Third Quarter 2024 Results

Merchants Bancorp Declares Quarterly Common and Preferred Dividends

$MBIN SEC Filings

Merchants Bancorp filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

SEC Form 424B5 filed by Merchants Bancorp

Merchants Bancorp filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

$MBIN Leadership Updates

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Tamika Catchings and Thomas Dinwiddie Appointed to the Merchants Bancorp Board of Directors

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Director O'Brien Patrick D. bought $2,000,000 worth of Series E Depositary Shares (80,000 units at $25.00) and was granted 449 shares (SEC Form 4)

Director Catchings Tamika bought $2,500 worth of Series E Depositary Shares (100 units at $25.00) and was granted 449 shares (SEC Form 4)

Director Shane David N. bought $50,000 worth of Series E Depositary Shares (2,000 units at $25.00) and was granted 449 shares (SEC Form 4)

$MBIN Analyst Ratings

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Morgan Stanley initiated coverage on Merchants Bancorp with a new price target

Merchants Bancorp downgraded by Raymond James with a new price target

Raymond James reiterated coverage on Merchants Bancorp with a new price target

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