MBIN Merchants Bancorp

company

SEC Filings & Insider Trading Activity 2026

Business Overview

• • Core business: Nationwide lender specializing in multi-family, healthcare, and warehouse loans to mortgage bankers
• • New emphasis on multi-family financing growth, with loans increasing 15% to $5.3B and representing 48% of total loans
• • Strategic shift reducing brokered deposits by 31% to $1.8B, raising core deposits by 20% to $11.3B, enhancing liquidity and lowering borrowing needs
• • Servicing rights up 14% to $217.3M, driven by higher escrow earnings rates in multi-family servicing despite lower interest rates impact
• • Noteworthy: $60.1M increase in other real estate owned to $60.1M, linked to a multi-family property transfer in December 2025

Risk Factors

• • Regulatory risk from Federal Home Loan Bank and Federal Reserve Discount Window borrowing limit impacting liquidity with $5.3B unused capacity as of Dec 31, 2025
• • Macroeconomic threat in 32% net income decline to $218.8M due to 385% rise in credit loss provision to $93.5M in 2025
• • Operational risk from nonperforming loan collateral preservation and credit default swap premiums adding 680 bps to efficiency ratio to 44.01%
• • Competitive risk from Freddie Mac Q-Series mortgage securitizations totaling $783.1M in 2025 challenging market share in multi-family loans
• • Financial risk from significant $776.8M or 31% decrease in brokered deposits, a funding source shift affecting liquidity management

Management Discussion & Analysis

• • Revenue decline: Net interest income $517.1M in 2025, down $5.6M (1%) YoY from $522.6M in 2024; noninterest income up 11% to $164.4M from $148.1M
• • Profitability: Net income $218.8M in 2025, down 32% YoY from $320.4M; net interest margin 2.86% vs 3.03%; efficiency ratio 44.01% vs 33.37%
• • Best segment: Multi-family mortgage gains on loan sales $77.2M in 2025, up 36% from $56.8M; Worst impacted: credit losses provision surged 385% to $117.8M from $24.3M
• • Cash allocation: Issued $222.7M preferred shares and $97.7M common stock net proceeds; no explicit buyback or dividend data; increased capex implied by infrastructure spend
• • Outlook risk: Management highlights rising admin costs for growth, credit risk from multi-family loan values decline, fraud investigations, continued regulatory capital management via loan sales and securitizations

What are the latest MBIN SEC filings in 2026?

Merchants Bancorp (MBIN) has filed a 10-K annual report on February 27, 2026, a 10-Q quarterly report on May 7, 2026, an 8-K current report on July 28, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did MBIN file its most recent 10-K annual report?

Merchants Bancorp (MBIN) filed its most recent 10-K annual report on February 27, 2026. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view MBIN 10-Q quarterly reports?

Merchants Bancorp (MBIN)'s most recent 10-Q quarterly report was filed on May 7, 2026. SignalX displays every MBIN 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has MBIN filed recently?

Merchants Bancorp (MBIN)'s most recent 8-K was filed on July 28, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find MBIN insider trading activity (Form 4)?

SignalX aggregates every MBIN Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does MBIN file with the SEC?

Merchants Bancorp (MBIN) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new MBIN filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for Merchants Bancorp (MBIN).

What is MBIN's SEC CIK number?

Merchants Bancorp (MBIN)'s SEC CIK (Central Index Key) number is 1629019. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 1629019 to look up all MBIN filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find MBIN return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from Merchants Bancorp (MBIN) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.