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

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);