Merchants Bancorp (OQ:MBIN)
Business Focus: Banks
Feb 14, 2024 03:05 pm ET
Merchants Bancorp Increases Quarterly Common Dividend by 13%; Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Feb. 14, 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 first quarter of 2023, in each case to shareholders of record on March 15, 2024, payable on April 1, 2024:
Jan 29, 2024 03:05 pm ET
Merchants Bancorp Reports Fourth Quarter 2023 Results
Full year 2023 net income of $279.2 million set a new Company record, increasing 27% compared to 2022.Full year 2023 diluted earnings per common share of $5.64 reached the highest level in Company history and increased 26% compared to 2022.Fourth quarter 2023 net income of $77.5 million increased 36% compared to fourth quarter of 2022 and decreased 5% compared to the third quarter 2023.Fourth quarter 2023 diluted earnings per common share of $1.58 increased 41% compared to the fourth quarter of 2022 and decreased 6% compared to the third quarter of 2023.Total assets of $17.0 billion surpasse
Nov 15, 2023 03:05 pm ET
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Nov. 15, 2023 /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 2023, in each case to shareholders of record on December 15, 2023, payable on January 2, 2024:
Oct 26, 2023 04:05 pm ET
Merchants Bancorp Reports Third Quarter 2023 Results
Third quarter 2023 net income of $81.5 million increased 39% compared to third quarter of 2022 and increased 25% compared to the second quarter 2023.Third quarter 2023 diluted earnings per common share of $1.68 increased 38% compared to the third quarter of 2022 and increased 28% compared to the second quarter of 2023.Total assets of $16.5 billion increased 4% compared to June 30, 2023, and increased 31% compared to December 31, 2022.As of September 30, 2023, the Company had $5.4 billion, or 32% of total assets, in unused borrowing capacity with the Federal Home Loan Bank and the Federal Res
Jul 27, 2023 04:05 pm ET
Merchants Bancorp Reports Second Quarter 2023 Results
Second quarter 2023 net income of $65.3 million increased 21% compared to second quarter of 2022 and increased 19% compared to the first quarter 2023.Second quarter 2023 diluted earnings per common share of $1.31 increased 18% compared to the second quarter of 2022 and increased 22% compared to the first quarter of 2023.During the second quarter 2023, the Company recorded a $13.0 million tax benefit related to tax refunds and changes to its state tax apportionment calculations, which was offset by credit events that totaled approximately $14.8 million, primarily for the impact of a multi-fam
Jul 21, 2023 07:50 am ET
Merchants Capital Closes $196.5MM Multi-Investor Tax Credit Fund to Support Over 2,300 Affordable Homes in 13 States
CARMEL, Ind., July 21, 2023 /PRNewswire/ -- (Nasdaq: MBIN) Merchants Capital is pleased to announce the closing of Merchants Capital Tax Credit Equity Fund 15, L.P. (Merchants Fund 15). Merchants Fund 15 represents the company's largest and most diverse national fund with a total capital raise of $196.5 million from 14 institutional investors, including 10 repeat and four new investors.
May 18, 2023 04:05 pm ET
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., May 18, 2023 /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 2023, in each case to shareholders of record on June 15, 2023, payable on July 3, 2023:
May 10, 2023 10:22 am ET
Merchants Bank of Indiana Receives Superior Rating from IDC Financial Publishing, Inc.
CARMEL, Ind., May 10, 2023 /PRNewswire/ -- Merchants Bank of Indiana (NASDAQ: MBIN) ("Merchants Bank") is proud to announce it has received a superior rating from the nationally recognized bank rating agency IDC Financial Publishing, Inc. Merchants Bank of Indiana received a 300 rating, the highest possible safety rating awarded from the agency.
Apr 27, 2023 04:05 pm ET
Merchants Bancorp Reports First Quarter 2023 Results
First quarter 2023 net income of $55.0 million increased 10% compared to first quarter of 2022 and decreased 4% compared to the fourth quarter 2022.First quarter 2023 diluted earnings per common share of $1.07 increased 5% compared to the first quarter of 2022 and decreased 4% compared to the fourth quarter of 2022.Total assets of $14.2 billion increased 48% compared to March 31, 2022, and increased 13% compared to December 31, 2022.Loans receivable of $8.6 billion, net of allowance for credit losses on loans, increased $2.6 billion, or 43%, compared to March 31, 2022, and increased $1.1 bil
Mar 13, 2023 01:22 pm ET
Merchants Bancorp Confirms its Liquidity Remains Strong
CARMEL, Ind., March 13, 2023 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today confirmed that its liquidity remains strong despite recent market concerns facing other financial institutions.
Feb 16, 2023 03:05 pm ET
Merchants Bancorp Increases Quarterly Common Dividend by 14%; Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Feb. 16, 2023 /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 first quarter of 2023, in each case to shareholders of record on March 15, 2023, payable on April 3, 2023:
Feb 07, 2023 07:00 am ET
Merchants Capital New York Sets Office Record with $1.3BB+ Financed in 2022
NEW YORK, Feb. 7, 2023 /PRNewswire/ -- (Nasdaq: MBIN) The New York office of leading financial services provider Merchants Capital announces the firm has set a record-breaking year with its debt production, totaling approximately $1.3 billion during 2022. The total production numbers served to finance and preserve a variety of properties across the nation, including affordable, multifamily and senior housing.
Jan 30, 2023 03:05 pm ET
Merchants Bancorp Reports Full Year and Fourth Quarter 2022 Results
Full year 2022 net income of $219.7 million decreased 3% compared to 2021Full year 2022 diluted earnings per common share of $4.47 decreased 6% compared to 2021Fourth quarter 2022 net income of $57.2 million increased 4% compared to fourth quarter of 2021 and decreased 2% compared to the third quarter 2022Fourth quarter 2022 diluted earnings per common share of $1.12 decreased 2% compared to the fourth quarter of 2021 and decreased 8% compared to the third quarter of 2022Total assets of $12.6 billion increased 5% compared to September 30, 2022, and increased 12% compared to December 31, 2021
Nov 16, 2022 03:05 pm ET
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Nov. 16, 2022 /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 2022, in each case to shareholders of record on December 15, 2022, payable on January 3, 2023:
Oct 27, 2022 04:05 pm ET
Merchants Bancorp Reports Third Quarter 2022 Results
Third quarter 2022 net income of $58.5 million was equal to the third quarter of 2021 and increased 8% compared to the second quarter of 2022Third quarter 2022 diluted earnings per common share of $1.22 was equal to the third quarter of 2021 and increased 10% compared to the second quarter of 2022Total assets of $12.0 billion increased 8% compared to June 30, 2022, and increased 6% compared to December 31, 2021Return on average assets was 2.05% in the third quarter of 2022 compared to 2.29% in the third quarter of 2021 and 2.20% in the second quarter of 2022Net interest margin was 3.05% in t
Oct 05, 2022 07:18 pm ET
Merchants Capital Closes $180M Multi-Investor Fund to Support Over 2,400 Affordable Homes in 12 States
CARMEL, Ind., Oct. 5, 2022 /PRNewswire/ -- (Nasdaq: MBIN) Merchants Capital is pleased to announce the closing of Merchants Capital Tax Credit Equity Fund X, L.P. (Merchants Fund X). Merchants Fund X represents the company's second and largest national multi-investor fund with a total capital raise of $180 million from 15 institutional investors, including eight repeat and seven new investors. Merchants Fund X will infuse equity into 18 affordable housing properties that will create or preserve more than 2,400 affordable homes in 12 states.
Oct 05, 2022 06:07 pm ET
Merchants Capital Closes $180M Multi-Investor Fund to Support Over 2,400 Affordable Homes in 12 States
CARMEL, Ind., Oct. 5, 2022 /PRNewswire/ -- (Nasdaq: MBIN) Merchants Capital is pleased to announce the closing of Merchants Capital Tax Credit Equity Fund X, L.P. (Merchants Fund X). Merchants Fund X represents the company's second and largest national multi-investor fund with a total capital raise of $180 million from 15 institutional investors, including eight repeat and seven new investors. Merchants Fund X will infuse equity into 18 affordable housing properties that will create or preserve more than 2,400 affordable homes in 12 states.
Sep 27, 2022 04:05 pm ET
Merchants Bancorp Closes Depositary Share Offering
CARMEL, Ind., Sept. 27, 2022 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ: MBIN), parent company of Merchants Bank of Indiana, today announced the closing of its previously announced underwritten public offering of 5,200,000 depositary shares, each representing a 1/40th interest in a share of its 8.25% Fixed Rate Reset Series D Non-Cumulative Perpetual Preferred Stock (the "Series D preferred stock"), with a liquidation preference of $25.00 per depositary share. In addition, the underwriters were granted, but have not yet exercised, a 30-day option to purchase 780,000 additional d
Sep 23, 2022 04:05 pm ET
Merchants Bancorp Prices Perpetual Preferred Stock Offering
CARMEL, Ind., Sept. 23, 2022 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana ("Merchants Bank"), announced the pricing of an underwritten public offering of 5,200,000 depositary shares, each representing a 1/40th ownership interest in a share of its 8.25% Fixed Rate Reset Series D Non-Cumulative Perpetual Preferred Stock, without par value (the "Series D preferred stock"), with a liquidation preference of $25.00 per depositary share. Merchants has granted the underwriters a 30-day option to purchase 780,000 additional depositary sha
Sep 22, 2022 04:05 pm ET
Merchants Bank Completes Private Securitization of $1.2 billion in Multifamily Loans
CARMEL, Ind., Sept. 22, 2022 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that Merchants Bank completed a private securitization of $1.2 billion of first-lien floating-rate multifamily bridge loans via a real estate mortgage investment conduit (REMIC). In this transaction Merchants Bank acquired senior certificates representing approximately 86.6% of the beneficial interests and unaffiliated, third-party institutional investors purchased subordinate certifica
Aug 18, 2022 04:05 pm ET
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Aug. 18, 2022 /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 2022, in each case to shareholders of record on September 15, 2022, payable on October 3, 2022:
Jul 28, 2022 04:05 pm ET
Merchants Bancorp Reports Second Quarter 2022 Results
Second quarter 2022 net income of $53.9 million increased 5% compared to the second quarter of 2021 and increased 8% compared to the first quarter of 2022Second quarter 2022 diluted earnings per common share of $1.11 increased 5% compared to the second quarter of 2021 and increased 9% compared to the first quarter of 2022Total assets of $11.1 billion increased 15%, compared to March 31, 2022, and decreased 2% compared to December 31, 2021Return on average assets was 2.20% in the second quarter of 2022 compared to 2.14% in the second quarter of 2021 and 1.92% in the first quarter of 2022Net i
May 23, 2022 01:02 pm ET
Merchants Capital Completes $214MM Freddie Mac Q-Series Transaction
CARMEL, Ind., May 23, 2022 /PRNewswire/ -- (NASDAQ:MBIN) Leading financial services provider Merchants Capital (MCC), along with Merchants Bank of Indiana (MBI), announces today that it has completed a $214 million Commercial Mortgage Backed Securities (CMBS) securitization of 14 multifamily mortgage loans secured by 24 mortgaged properties through a Freddie Mac-sponsored Q-Series transaction.
May 19, 2022 04:10 pm ET
Tamika Catchings and Thomas Dinwiddie Appointed to the Merchants Bancorp Board of Directors
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.
May 19, 2022 04:05 pm ET
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., May 19, 2022 /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 2022, in each case to shareholders of record on June 15, 2022, payable on July 1, 2022:
Apr 28, 2022 04:05 pm ET
Merchants Bancorp Reports First Quarter 2022 Results
First quarter 2022 net income of $50.1 million decreased 19% compared to the first quarter of 2021 and decreased 9% compared to the fourth quarter of 2021First quarter 2022 diluted earnings per common share of $1.02 decreased 24% compared to the first quarter of 2021 and decreased 11% compared to the fourth quarter of 2021Total assets of $9.7 billion decreased 1%, compared to March 31, 2021, and decreased 14% compared to December 31, 2021Return on average assets was 1.92% in the first quarter of 2022 compared to $2.49% in the first quarter of 2021 and 2.02% in the fourth quarter of 2021Tangi
Mar 24, 2022 03:57 pm ET
Merchants Bancorp Takes First Place in US Bank Performance Ranking for 2021
CARMEL, Ind., March 24, 2022 /PRNewswire/ -- Merchants Bancorp (NASDAQ: MBIN) today announces it has been recognized as the best-performing bank in the country according to the 2021 S&P Global Market Intelligence Ranking, an annual ranking that assesses the performance of community banks and credit unions across the nation. Merchants is ranked first among public U.S. banks with more than $10 billion in assets.
Feb 17, 2022 03:05 pm ET
Merchants Bancorp Increases Quarterly Common Dividend by 17%; Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Feb. 17, 2022 /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 first quarter of 2022, in each case to shareholders of record on March 15, 2022, payable on April 1, 2022:
Feb 14, 2022 03:13 pm ET
Merchants Capital Provides Record $7 Billion in Debt Financing in 2021
CARMEL, Ind., Feb. 14, 2022 /PRNewswire/ -- (Nasdaq: MBIN) Merchants Capital closed a record $7 billion in debt production in 2021, shattering the firm's previous record of $4.7 billion in financing in 2020. The firm achieved explosive growth in all product offerings, including a 72% increase in FHA financing to $1.97 billion, a 143% increase in Fannie Mae and Freddie Mac production approaching $1 billion, and a 65% increase in Merchants Bank balance sheet financing with over $4 billion in volume in 2021.
Jan 31, 2022 03:05 pm ET
Merchants Bancorp Reports Full Year and Fourth Quarter 2021 Results
CARMEL, Ind., Jan. 31, 2022 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported fourth quarter 2021 net income of $55.2 million, or diluted earnings per common share of $1.71 (or $1.14 after adjusting for its 3:2 stock split in January 2022). This compared to $59.8 million, or diluted earnings per common share of $1.95 ($1.30 split adjusted) in the fourth quarter of 2020, and compared to $58.5 million, or diluted earnings per common share of $1.83 ($1.22 split adjusted) in the third quarter of 2021.
Dec 22, 2021 10:06 am ET
Merchants Capital Closes Two Tax Credit Equity Funds Totaling $233.4 Million
CARMEL, Ind., Dec. 22, 2021 /PRNewswire/ -- (Nasdaq: MBIN) Merchants Capital announced today the closing of two tax credit equity funds totaling more than $233.4 million. Merchants Capital Tax Credit Equity Fund V, L.P. (Merchants Fund V) represents the company's first national multi-investor fund with a total capital raise of $172.5 million from 16 institutional investors, including both banks and insurance companies. Merchants Fund V will infuse equity into 18 affordable housing properties that will create or preserve more than 1,958 affordable homes in 11 states.
Nov 17, 2021 03:05 pm ET
Merchants Bancorp Announces 3-for-2 Stock Split and Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Nov. 17, 2021 /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 approved a 3-for-2 common stock split. Shareholders of record at the close of business on January 3, 2022 will receive one additional share of Merchants Bancorp common stock for every two shares owned. These additional shares will be distributed beginning January 17, 2022. Cash will be distributed in lieu of fractional shares based on the closing price of M
Nov 17, 2021 03:05 pm ET
Merchants Bancorp Announces Renewal of Stock Repurchase Program
CARMEL, Ind., Nov. 17, 2021 /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 approved the renewal and increase of the stock repurchase program of up to $75 million of common stock, expiring December 31, 2023.
Oct 28, 2021 04:05 pm ET
Merchants Bancorp Reports Third Quarter 2021 Results
CARMEL, Indiana, Oct. 28, 2021 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported third quarter 2021 net income of $58.5 million, or diluted earnings per common share of $1.83. This compared to $55.0 million, or diluted earnings per common share of $1.79 in the third quarter of 2020, and compared to $51.4 million, or diluted earnings per common share of $1.58 in the second quarter of 2021.
Aug 19, 2021 04:05 pm ET
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Aug. 19, 2021 /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 2021, in each case to shareholders of record on September 15, 2021, payable on October 1, 2021:
Jul 28, 2021 04:05 pm ET
Merchants Bancorp Reports Second Quarter 2021 Results
CARMEL, Ind., July 28, 2021 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported second quarter 2021 net income of $51.4 million, or diluted earnings per common share of $1.58. This compared to $41.2 million, or diluted earnings per common share of $1.31 in the second quarter of 2020, and compared to $62.0 million, or diluted earnings per common share of $2.02 in the first quarter of 2021.
Feb 18, 2021 03:05 pm ET
Merchants Bancorp Increases Quarterly Common Dividend by 13%; Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Feb. 18, 2021 /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 first quarter of 2021, in each case to shareholders of record on March 15, 2021, payable on April 1, 2021:
Jan 28, 2021 03:05 pm ET
Merchants Bancorp Reports Full Year and Fourth Quarter 2020 Results
CARMEL, Ind., Jan. 28, 2021 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported fourth quarter 2020 net income of $59.8 million, or diluted earnings per share of $1.95. This compared to $30.1 million, or diluted earnings per share of $0.92 in the fourth quarter of 2019, and compared to $55.0 million, or diluted earnings per share of $1.79 in the third quarter of 2020.
Nov 18, 2020 03:05 pm ET
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Nov. 18, 2020 /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 2020, in each case to shareholders of record on December 15, 2020, payable on January 4, 2021:
Oct 28, 2020 04:05 pm ET
Merchants Bancorp Reports Third Quarter 2020 Results
CARMEL, Ind., Oct. 28, 2020 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported third quarter 2020 net income of $55.0 million, or $1.79 per common share. This compared to $20.3 million, or $0.60 per common share, in the third quarter of 2019, and $41.2 million, or $1.31 per common share, in the second quarter of 2020.
Jul 28, 2020 04:05 pm ET
Merchants Bancorp Reports Record Second Quarter 2020 Results
CARMEL, Ind., July 28, 2020 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported second quarter 2020 net income of $41.2 million, or $1.31 per common share. This compared to $16.4 million, or $0.51 per common share in the second quarter of 2019, and $24.6 million, or $0.73 per common share, in the first quarter of 2020.
May 21, 2020 04:05 pm ET
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., May 21, 2020 /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 2020, in each case to shareholders of record on June 15, 2020, payable on July 1, 2020:
Apr 23, 2020 04:05 pm ET
Merchants Bancorp Reports First Quarter 2020 Results
CARMEL, Ind., April 23, 2020 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported first quarter 2020 net income of $24.6 million, or $0.73 per common share. This compared to $10.6 million, or $0.34 per common share in the first quarter of 2019, and $30.1 million, or $0.92 per common share, in the fourth quarter of 2019.
Oct 30, 2019 04:05 pm ET
Merchants Bancorp Reports Third Quarter 2019 Results
CARMEL, Ind., Oct. 30, 2019 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported third quarter 2019 net income of $20.3 million, or $0.60 per common share. This compared to $16.7 million, or $0.55 per common share, in the third quarter of 2018 and $16.4 million, or $0.51 per common share, in the second quarter of 2019.
Aug 19, 2019 04:05 pm ET
Merchants Bancorp Closes Depositary Share Offering
CARMEL, Ind., Aug. 19, 2019 /PRNewswire/ -- Merchants Bancorp ( "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today announced the closing of its previously announced underwritten public offering of 5,000,000 depositary shares, each representing a 1/40th interest in a share of its 6.00% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $25.00 per depositary share. As a result, Merchants received proceeds of approximately $120.9 million, net of estimated expenses and underwriting discounts and commis
Aug 19, 2019 04:05 pm ET
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Aug. 19, 2019 /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 2019:
Aug 13, 2019 08:00 am ET
Merchants Bancorp Prices Depositary Share Offering
CARMEL, Ind., Aug. 13, 2019 /PRNewswire/ -- Merchants Bancorp ( "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana ("Merchants Bank"), announced the pricing of an underwritten public offering of 5,000,000 depositary shares, each representing a 1/40th ownership interest in a share of its 6.00% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock, (the "Series B preferred stock"), with a liquidation preference of $25.00 per depositary share.
Jul 30, 2019 04:05 pm ET
Merchants Bancorp Reports Second Quarter 2019 Results
CARMEL, Ind., July 30, 2019 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported second quarter 2019 net income of $16.4 million, or $0.51 per common share compared with $15.7 million, or $0.52 per common share in the second quarter of 2018.
May 16, 2019 04:05 pm ET
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., May 16, 2019 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that the Board of Directors declared a quarterly cash dividend for the second quarter of 2019 of $0.07 per share on the Company's outstanding shares of common stock.
Apr 30, 2019 04:05 pm ET
Merchants Bancorp Reports First Quarter 2019 Results
CARMEL, Ind., April 30, 2019 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported first quarter 2019 net income of $10.6 million, or $0.34 per common share, compared with $15.1 million, or $0.50 per common share in the first quarter of 2018.
Mar 28, 2019 04:44 pm ET
Merchants Bancorp Closes Perpetual Preferred Stock Offering
CARMEL, Ind., March 28, 2019 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today announced the closing of its previously announced underwritten public offering of 2,000,000 shares of its 7.00% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"), with a liquidation preference of $25.00 per share. As a result, Merchants received proceeds of approximately $48.3 million net of estimated expenses and underwriting discounts and commissions.
Mar 21, 2019 05:35 pm ET
Merchants Bancorp Prices Perpetual Preferred Stock Offering
CARMEL, Ind., March 21, 2019 /PRNewswire/ -- Merchants Bancorp ( "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana ("Merchants Bank"), announced the pricing of an underwritten public offering of 2,000,000 shares of its 7.00 % Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock, (the "Series A preferred stock"), with a liquidation preference of $25.00 per share. Merchants has granted the underwriters a 30-day option to purchase 300,000 additional shares of the Series A preferred stock.
Mar 15, 2019 05:03 pm ET
Merchants Bancorp Commences Perpetual Preferred Stock Offering
CARMEL, Ind., March 15, 2019 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana ("Merchants Bank"), announced the commencement of an underwritten public offering of shares of Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock, ("Series A preferred stock"), with a liquidation preference of $25 per share.
Feb 21, 2019 03:05 pm ET
Merchants Bancorp Increases Quarterly Cash Dividend
CARMEL, Ind., Feb. 21, 2019 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that the Board of Directors declared a quarterly cash dividend for the first quarter of 2019 of $0.07 per share on the Company's outstanding shares of common stock, a 17% increase compared with the fourth quarter of 2018. The dividend is payable April 1, 2019, to shareholders of record on March 15, 2019.
Jan 30, 2019 03:05 pm ET
Merchants Bancorp Reports Full Year and Fourth Quarter 2018 Results
CARMEL, Ind., Jan. 30, 2019 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported fourth quarter 2018 net income of $15.4 million, or $0.51 per common share, compared with $20.3 million, or $0.73 per common share in the fourth quarter of 2017. The decrease in earnings per common share was primarily due to the additional common shares associated with the Company's initial public offering in October of 2017, as well as the $6.9 million one-time benefit in the fourth quarter of 2017 associated with lower tax
Dec 06, 2018 03:05 pm ET
Merchants Bancorp to Acquire Assets of NattyMac, LLC
CARMEL, Ind., Dec. 6, 2018 /PRNewswire/ -- Merchants Bancorp, Carmel, IN ("Merchants"; NASDAQ: MBIN) announced today that its subsidiary, Merchants Bank of Indiana, has entered into an agreement with Home Point Financial Corporation ("Home Point"), to acquire the assets of Home Point's wholly owned subsidiary, NattyMac, LLC ("NattyMac"), a warehouse lender operating out of Clearwater, Florida. Merchants expects the acquisition to close by the end of 2018.
Nov 14, 2018 03:05 pm ET
Merchants Bancorp Declares Quarterly Cash Dividend
CARMEL, Ind., Nov. 14, 2018 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that the Board of Directors declared a quarterly cash dividend for the fourth quarter of 2018 of $0.06 per share on the Company's outstanding shares of common stock. The dividend is payable December 31, 2018, to shareholders of record on December 14, 2018.
Oct 30, 2018 04:05 pm ET
Merchants Bancorp Reports Third Quarter 2018 Results
CARMEL, Ind., Oct. 30, 2018 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported third quarter 2018 net income of $16.7 million, or $0.55 per common share, compared with $10.5 million, or $0.45 per common share in the third quarter of 2017.
Oct 01, 2018 08:00 am ET
Merchants Bancorp's Joy State Bank Completes Acquisition of Farmers-Merchants National Bank of Paxton
CARMEL, Ind., Oct. 1, 2018 /PRNewswire/ -- Merchants Bancorp, Carmel, IN ("Merchants"; Nasdaq: MBIN), and its subsidiary, Joy State Bank, an Illinois charted bank located in Joy, IL ("Joy") announced today it has closed on its acquisition of FM Bancorp, Inc., a bank holding company located in Paxton, Illinois ("FM Bancorp"), and FM Bancorp's subsidiary, Farmers-Merchants National Bank of Paxton, a national banking association located in Paxton, Illinois ("Farmers-Merchants"). Effective October 1, 2018, FM Bancorp has merged with and into Merchants, with Merchants as the surviving entity, and
Aug 16, 2018 04:05 pm ET
Merchants Bancorp Declares Quarterly Cash Dividend
CARMEL, Ind., Aug. 16, 2018 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that the Board of Directors declared a quarterly cash dividend for the third quarter of 2018 of $0.06 per share on the Company's outstanding shares of common stock. The dividend is payable October 1, 2018, to shareholders of record on September 15, 2018.
Jul 30, 2018 04:05 pm ET
Merchants Bancorp Reports Second Quarter 2018 Results
CARMEL, Ind., July 30, 2018 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported second quarter 2018 net income of $15.7 million, or $0.52 per common share, based on 28.7 million shares. This compared with $14.8 million, or $0.66 per common share, based on 21.1 million shares in the second quarter of 2017. The decrease in earnings per common share reflected the additional common shares associated with the Company's initial public offering in October of 2017.
Jun 13, 2018 04:30 pm ET
Merchants Bancorp's Joy State Bank To Acquire Farmers-Merchants National Bank of Paxton
CARMEL, Ind. and PAXTON, Ill., June 13, 2018 /PRNewswire/ -- Merchants Bancorp, Carmel, IN ("Merchants"; NASDAQ: MBIN) and its subsidiary, Joy State Bank, Joy, IL ("Joy"), along with FM Bancorp Inc., Paxton, IL ("FM Bancorp"), announced today they have entered into an agreement and plan of merger whereby FM Bancorp and its subsidiary, Farmers-Merchants National Bank of Paxton ("Farmers-Merchants"), will merge with and into Merchants and Joy, respectively (the "Agreement"). .
Jun 05, 2018 04:05 pm ET
Merchants Bancorp Declares Quarterly Cash Dividend
CARMEL, Ind., June 5, 2018 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that the Board of Directors declared a quarterly cash dividend for the second quarter of 2018 of $0.06 per share on the Company's outstanding shares of common stock. The dividend is payable July 2, 2018, to shareholders of record on June 15, 2018.
May 17, 2018 09:00 am ET
PR Mortgage & Investments Selects SS&C Precision LM to Support Its Agency Lending Operations
WINDSOR, Conn., May 17, 2018 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that PR Mortgage & Investment Corp. ("PR Mortgage") has selected SS&C Precision LM to support loan servicing and origination for HUD/Ginnie Mae, Fannie Mae, Freddie Mac and its banking programs. SS&C Precision LM will also enhance PR Mortgage's asset management and investor reporting, and provide secure web-based portals for borrower self-service and document workflow automation.
Apr 30, 2018 04:05 pm ET
Merchants Bancorp Reports First Quarter 2018 Results
CARMEL, Ind., April 30, 2018 /PRNewswire/ --
Feb 22, 2018 03:05 pm ET
Merchants Bancorp Increases Quarterly Cash Dividend
CARMEL, Ind., Feb. 22, 2018 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that the Board of Directors declared a quarterly cash dividend for the first quarter of 2018 of $0.06 per share on the Company's outstanding shares of common stock, a 20% increase compared with the fourth quarter of 2017. The dividend is payable April 2, 2018, to shareholders of record on March 15, 2018.
Feb 08, 2018 03:05 pm ET
Merchants Bancorp Reports Fourth Quarter and Full Year 2017 Results
CARMEL, Ind., Feb. 8, 2018 /PRNewswire/ --
Jan 02, 2018 03:00 pm ET
Merchants Completes Acquisition of Joy State Bank
CARMEL, Ind., Jan. 2, 2018 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana announced today it has received all necessary regulatory approvals and closed on its acquisition of Joy State Bank ("Joy"), an Illinois chartered bank located in Joy, Illinois, effective January 2, 2018.
Dec 07, 2017 03:05 pm ET
Merchants Bancorp Reports Third Quarter 2017 Results
CARMEL, Ind., Dec. 7, 2017 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today reported third quarter 2017 net income of $10.5 million, or $0.45 per share. This compared with $11.6 million, or $0.51 per share, in the third quarter of 2016.
Nov 20, 2017 04:45 pm ET
Merchants Bancorp Announces Executive Officer Promotions
CARMEL, Ind., Nov. 20, 2017 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN) announces the following changes to its executive team, effective January 1, 2018:
Nov 20, 2017 04:45 pm ET
Merchants Bancorp Announces Quarterly Cash Dividend
CARMEL, Ind., Nov. 20, 2017 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that the Board of Directors declared a quarterly cash dividend for the fourth quarter of 2017 of $0.05 per share on the Company's outstanding shares of common stock. The dividend is payable January 2, 2018, to shareholders of record on December 15, 2017.
Nov 06, 2017 05:26 pm ET
Merchants Bancorp Announces Exercise of the Underwriters' Option
CARMEL, Ind., Nov. 6, 2017 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana, today announced that the underwriters of its previously announced initial public offering have exercised in full their option to purchase an additional 937,500 shares of Merchants' common stock at the public offering price of $16 per share, less customary underwriting discounts and commissions. The additional shares were delivered to the underwriters on November 6, 2017.
Oct 31, 2017 03:13 pm ET
Merchants Bancorp Announces Closing of Its Initial Public Offering
CARMEL, Ind., Oct. 31, 2017 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana, today announced the closing of its previously announced initial public offering of 6,250,000 shares of its common stock at an initial public offering price of $16 per share. As a result, Merchants received aggregate net proceeds of approximately $92.2 million from the initial public offering, after deducting underwriting discounts and estimated offering expenses.
Oct 27, 2017 09:21 am ET
Merchants Bancorp Announces Pricing of Initial Public Offering
CARMEL, Ind., Oct. 27, 2017 /PRNewswire/ -- Merchants Bancorp ("Merchants") announced the pricing of its initial public offering of 6,250,000 shares of its common stock at a public offering price of $16.00 per share. Shares of Merchant's common stock are expected to begin trading today on The Nasdaq Capital Market under the ticker symbol "MBIN." The offering is expected to close on or about October 31, 2017, subject to customary closing conditions.
Oct 16, 2017 03:16 pm ET
Merchants Bancorp Launches Initial Public Offering
CARMEL, Ind., Oct. 16, 2017 /PRNewswire/ -- Merchants Bancorp ("Merchants") announced today the launch of its initial public offering of shares of its common stock. Merchants intends to offer 5,555,555 shares of its common stock. Merchants expects to grant the underwriters a 30-day option to purchase up to an additional 833,333 shares of its common stock. The initial public offering price is currently expected to be between $17.00 and $19.00 per share of common stock. In connection with the initial public offering, Merchants intends to list its common stock on The Nasdaq Capital Market un
Sep 25, 2017 07:07 pm ET
Merchants Bancorp Files Registration Statement for Proposed Initial Public Offering
CARMEL, Ind., Sept. 25, 2017 /PRNewswire/ -- Merchants Bancorp ("Merchants" or the "Company") announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. In connection with the initial public offering, Merchants intends to list its common stock on The Nasdaq Capital Market under the ticker symbol "MBIN."
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