Merchants Bancorp

Merchants Bancorp

MBIN·NASDAQ

$45.56

-1.6%
Financial ServicesBanks - Regional

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. This segment also offers customized loan products for independent living, assisted living, memory care, and skilled nursing projects; and operates as a syndicator of low-income housing tax credit and debt funds. The Mortgage Warehousing segment funds agency eligible residential loans, including origination, purchase, and sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, such as various types of deposit products, as well as multi-family construction and bridge, commercial real estate, commercial and industrial, agricultural, residential mortgage, and consumer loan products. This segment also provides single-family mortgage lending; construction, bridge, and lot financing; first-lien home equity lines of credit; and small business administration lending products and services. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

At a Glance

Live Snapshot
Market Cap$2.09B
EPS3.7800
P/E Ratio12.05
Earnings Date07/27/2026
1.82%
Return on Invested Capital
-61%
3Y-79.0%
5Y-77.0%
10Y-84.0%
9.59%
Return on Equity
-33%
3Y-36.0%
5Y-57.0%
10Y-40.0%
1.12%
Return on Assets
-34%
3Y-35.0%
5Y-40.0%
10Y-8.0%
Merchants Bancorp

Merchants Bancorp Management Team

MBIN · NASDAQ
MD

Mr. Darin Thomas

Chief Accounting Officer

Born 1968(Age 58)
male
MK

Mr. Kevin T. Langford

Chief Administrative Officer

Born 1968(Age 58)
male
MS

Mr. Sean A. Sievers

Chief Financial Officer

Compensation

$695,002

male
MM

Mr. Michael F. Petrie CMB

Co-Founder, Chairman & Chief Executive Officer

Compensation

$982,798

Born 1954(Age 72)
male
MV

Ms. Vickie Vandivier

Executive Vice President & Investment Officer

female
MT

Ms. Tami Durle

Manager SEC Reporting

female
MM

Mr. Michael R. Dury M.B.A.

President & Chief Executive Officer of Merchants Capital Corp

Compensation

$6,198,263

Born 1985(Age 41)
male
MM

Mr. Martin A. Schroeter

President of Warehouse Lending

Compensation

$1,274,350

Born 1963(Age 63)
male
MM

Mr. Michael J. Dunlap

President, Chief Operating Officer & Director

Compensation

$854,350

Born 1966(Age 60)
male
MT

Mr. Terry A. Oznick

Secretary & General Counsel

Born 1984(Age 42)
male
mbin

Merchants Bancorp Insider Positioning

MBIN · NASDAQ

During the last 12 months, insiders have purchased $640K and sold $3.88M worth of MBIN shares, resulting in $3.24M of net selling activity.

3 Months

Bought

0

0.00

Sold

28.3K

1.33M

Net Activity

-1.3M

-$1.33M

3-6 Months

Bought

0

0.00

Sold

76.8K

2.03M

Net Activity

-2.0M

-$2.03M

6-9 Months

Bought

18.5K

565.03K

Sold

26.8K

517.82K

Net Activity

+47K

+$47K

9-12 Months

Bought

2.3K

74.70K

Sold

0

0.00

Net Activity

+75K

+$75K

Top Buyers

1
DMR

Dury Michael R.

Officer: Ceo Of Merchants Capital

15.5K shares1 transactions

$490K

2
TDL

Thomas Darin L.

Officer: Chief Accounting Officer

2.3K shares1 transactions

$75K

3
SSA

Sievers Sean A.

Officer: Chief Financial Officer

3.0K shares1 transactions

$75K

Top Sellers

1
PMF

Petrie Michael F.

Director, 10 Percent Owner, Officer: Chairman And Ceo

126.5K shares29 transactions

$3.62M

2
SMA

Schroeter Martin A

Officer: President-Warehouse Lending

5.5K shares1 transactions

$253K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $3.24M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.17:1

Weak buy/sell ratio. Selling significantly exceeds buying—monitor for potential fundamental concerns.

Recent Trend (3 Months)

$1.33M

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

Moderate Buying

3 insider buyers vs. 2 sellers. More insiders buying than selling indicates positive sentiment.

Insider Activity Insight

Persistent selling pressure: Consistent insider selling with weak buy/sell ratio suggests insiders may be capitalizing on current valuation. Exercise caution and review recent earnings quality and management commentary.

SEC Filings

MBIN - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
DEF 14A

DEF 14A 2026

N/A

April 10, 2026
May 21, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 04, 2025
May 15, 2025
2025
DEF 14A

DEF 14A 2024

N/A

April 05, 2024
May 16, 2024
2024
DEF 14A

DEF 14A

N/A

April 06, 2023
April 06, 2023
 
DEF 14A

DEF 14A 2022

N/A

April 08, 2022
May 19, 2022
2022
DEF 14A

DEF 14A 2021

N/A

April 09, 2021
May 20, 2021
2021
DEF 14A

DEF 14A 2020

N/A

April 09, 2020
May 21, 2020
2020
DEF 14A

DEF 14A 2019

N/A

April 05, 2019
May 16, 2019
2019
DEF 14A

DEF 14A 2018

N/A

April 26, 2018
June 05, 2018
2018
Showing 1 to 9 of 9 filings