MBIN - Dividend announcements

CARMEL, Ind., May 21, 2026 /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 2026, in each case to shareholders of record on June 15, 2026, payable on July 1, 2026: A dividend of $0.11 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 the Company

First quarter 2026 net income of $67.7 million, increased $9.5 million, or 16%, compared to first quarter of 2025 and was relatively stable compared to the fourth quarter 2025.First quarter 2026 diluted earnings per common share of $1.25 increased 34% compared to the first quarter of 2025 and decreased 2% compared to the fourth quarter of 2025.Total assets of $20.3 billion reflected the highest level ever reported by the Company, increasing 8% compared to March 31, 2025 and 4% compared to December 31, 2025.Tangible book value per common share reached a new record level of $38.55, increasing 10% from $34.90 at March 31, 2025, and 3% from $37.51 at December 31, 2025.Asset quality continued to

CARMEL, Ind., Feb. 19, 2026 /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 2026, in each case to shareholders of record on March 13, 2026, payable on April 1, 2026: A dividend of $0.11 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 the Compa

The Company reported another sequential quarter of higher net income and improved asset quality, reinforcing a positive trajectory for 2026.Total assets ended the year at $19.4 billion, slightly higher than September 30, 2025, and up $643.2 million, or 3%, compared to December 31, 2024 - setting a new Company milestone.Tangible book value per common share reached a new record-high of $37.51 and increased 10% compared to $34.15 in the fourth quarter of 2024 and increased 3% compared to $36.31 in the third quarter of 2025.Asset quality improved meaningfully, as criticized loans receivable of $508.2 million decreased by 13% compared to September 30, 2025, and decreased by 27% compared to Decemb

CARMEL, Ind. , Nov. 19, 2025 /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 2025, in each case to shareholders of record on December 15, 2025, payable on January 2, 2026: A dividend of $0.10 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

Third quarter 2025 net income of $54.7 million, decreased $6.6 million compared to third quarter of 2024 and increased $16.7 million compared to the second quarter 2025.Third quarter 2025 diluted earnings per common share of $0.97 decreased 17% compared to the third quarter of 2024 and increased 62% compared to the second quarter of 2025.The total provision for credit losses decreased 45%, or $23.8 million, and loans receivable classified as special mention decreased by 9%, to $155.7 million, compared to June 30, 2025.Gain on sale of loans increased $7.9 million, or 47%, compared to the third quarter of 2024 and $1.3 million, or 6%, compared to the second quarter of 2025, highlighting the st

CARMEL, Ind., Aug. 21, 2025 /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 2025, in each case to shareholders of record on September 15, 2025, payable on October 1, 2025: A dividend of $0.10 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

Second quarter 2025 net income of $38.0 million, decreased $38.4 million compared to second quarter of 2024 and decreased $20.3 million compared to the first quarter 2025, reflecting an increase in provision for credit losses of $43.1 million and $45.3 million, respectively.An increase in provision for credit losses was primarily associated with estimated declines on multi-family property values after receiving new appraisals and the ongoing investigation of borrowers involved in mortgage fraud or suspected fraud.Second quarter 2025 diluted earnings per common share of $0.60 decreased 60% compared to the second quarter of 2024 and decreased 35% compared to the first quarter of 2025.Tangible

CARMEL, Ind., May 15, 2025 /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 2025, in each case to shareholders of record on June 13, 2025, payable on July 1, 2025: A dividend of $0.10 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 the Compa

First quarter 2025 net income of $58.2 million, decreased $28.8 million compared to first quarter of 2024 and decreased $37.4 million compared to the fourth quarter 2024, reflecting market uncertainty that delayed origination closings and permanent loan conversions in a growing pipeline, which negatively impacted the recognition of gain on sale and net interest margin. The decrease in net income was also impacted by unfavorable fair market value adjustments to servicing rights and derivatives compared to prior periods.First quarter 2025 diluted earnings per common share of $0.93 decreased 48% compared to the first quarter of 2024 and decreased 50% compared to the fourth quarter of 2024.Unfav

CARMEL, Ind., Feb. 20, 2025 /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 2025, in each case to shareholders of record on March 14, 2025, payable on April 1, 2025: A dividend of $0.10 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 the Com

Full year 2024 net income of $320.4 million set a new Company record, increasing 15% compared to 2023.Full year 2024 diluted earnings per common share of $6.30 reached the highest level in Company history and increased 12% compared to 2023.Fourth quarter 2024 net income of $95.7 million, increased 23% compared to fourth quarter of 2023 and increased 56% compared to the third quarter 2024, which reflected a $42.4 million, or 253%, increase in noninterest income.Fourth quarter 2024 diluted earnings per common share of $1.85 increased 17% compared to the fourth quarter of 2023 and increased 58% compared to the third quarter of 2024.Favorable fair market value adjustments to servicing rights on

CARMEL, Ind., Nov. 26, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ:MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that on January 2, 2025 it will redeem all outstanding shares of its 6.00% (reset to 9.42% as of October 1, 2024) Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock ("Series B Preferred Stock") (NASDAQ:MBINO) at the liquidation preference of $25.00 per share. Dividends on the Series B Preferred Stock of $0.59 per share that were declared and announced

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

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

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

CARMEL, Ind., May 16, 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 second quarter of 2024, in each case to shareholders of record on June 14, 2024, payable on July 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 the Compa

First quarter 2024 net income of $87.1 million was the Company's highest quarterly earnings ever recorded, increasing 58% compared to first quarter of 2023 and increasing 12% compared to the fourth quarter 2023.First quarter 2024 diluted earnings per common share of $1.80 increased 68% compared to the first quarter of 2023 and increased 14% compared to the fourth quarter of 2023.Total assets of $17.8 billion surpassed any level previously reported by the Company, increasing 25% compared to March 31, 2023 and increasing 5% compared to December 31, 2023.Tangible book value per common share of $29.26 increased 28% compared to $22.88 in the first quarter of 2023 and increased 7% compared to $27.

CARMEL, Ind., Feb. 28, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ:MBIN) today announced that on April 1, 2024 it will redeem all outstanding shares of its 7.00% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock ("Series A Preferred Stock") (NASDAQ:MBINP) at the liquidation preference of $25.00 per share. Dividends on the Series A Preferred Stock of $0.4375 per share that were declared and announced on February 14, 2024 will be paid separately on April 1, 2024. Accordingly, the redemption price of the Series A Preferred Stock will not in

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: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $0.4375 per share on the Company's outstanding shares of its 7% Series

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 surpassed any level previously reported by the Company, increasing 34% compared to December 31, 2022 and incre

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: A dividend of $0.08 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $0.4375 per share on the Company's outstanding shares of its 7% S

CARMEL, Ind., Aug. 17, 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 third quarter of 2023, in each case to shareholders of record on September 15, 2023, payable on October 2, 2023: A dividend of $0.08 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $0.4375 per share on the Company's outstanding shares of its 7% S

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-family loan charge-off, an increase in specific reserves for a healthcare customer, and changes to qualit

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: A dividend of $0.08 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $0.4375 per share on the Company's outstanding shares of its 7% Series A

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 billion, or 15% compared to December 31, 2022.Net interest margin was 3.27% in the first quarter of 2023

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: A dividend of $0.08 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $0.4375 per share on the Company's outstanding shares of its 7% Series

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, 2021Loans receivable of $7.4 billion, net of allowance for credit losses on loans, increased $0.5 billion,

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: A dividend of $0.07 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $0.4375 per share on the Company's outstanding shares of its 7% S

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 the third quarter of 2022 compared to 2.73% in the third quarter of 2021 and 3.03% in the second quarte

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: A dividend of $0.07 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $0.4375 per share on the Company's outstanding shares of its 7% S

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 interest margin was 3.03% in the second quarter of 2022 compared to 2.75% in the second quarter of 2021

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: A dividend of $0.07 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $0.4375 per share on the Company's outstanding shares of its 7% Series A

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 2021Tangible book value per common share of $18.70 increased 27% compared to $14.72 in the first quarter of 202

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: A dividend of $0.07 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN), an increase of 17% compared to $0.06 (after adjusting for the 3:2 split) in the four

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.

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 Merchants' common stock on Nasdaq on January 3, 2022. 

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. "As total assets surpassed the $10 billion mark during the third quarter, Merchants cont

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: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN); A dividend of $0.4375 per share on the Company's outstanding shares of its 7%

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. The $10.3 million, or 25%, increase in net income for the second quarter 2021 compared to the second q

CARMEL, Ind., May 20, 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 second quarter of 2021, in each case to shareholders of record on June 15, 2021, payable on July 1, 2021: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN);A dividend of $0.4375 per share on the Company's outstanding shares of its 7% Series A

CARMEL, Ind., April 28, 2021 /PRNewswire/ -- Merchants Bancorp (the "Company" or "Merchants") (NASDAQ:MBIN), parent company of Merchants Bank of Indiana, today reported first quarter 2021 net income of $62.0 million, or diluted earnings per common share of $2.02.  This compared to $24.6 million, or diluted earnings per common share of $0.73 in the first quarter of 2020, and compared to $59.8 million, or diluted earnings per common share of $1.95 in the fourth quarter of 2020. The $37.4 million, or 152%, increase in net income for the first quarter 2021 compared to the first qu

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: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ: MBIN), an increase of 13% compared to the fourth quarter of 2020; A dividend of $0.4375 per share on the Company's outstanding shares of its 7% Series A preferred stock (NASDAQ: MBINP); A dividend of $

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. The $29.7 million, or 99%, increase in net income for the fourth quarter 2020 compared to the fourth quarter of 2019 was driven by a $31.6 million, or 84%, increase in net interest income that reflected significant growth in mortgage wa