Merchants Bancorp

merchantsbankofindiana.com

Merchants Bancorp (NASDAQ: MBIN) is a bank holding company that operates through Merchants Bank of Indiana and its subsidiaries. The company generates revenue through net interest income on loans and deposits, mortgage banking activities, and related financial services. Based on its 10-K filed February 27, 2026 for the fiscal year ended December 31, 2025, the company's subsidiaries include Merchants Capital Corporation (MCC), Merchants Capital Servicing (MCS), Merchants Capital Investments (MCI), and Merchants Investment Partners (MIP). The company operates in mortgage banking and multifamily housing finance, with activities tied to government-sponsored entities including Fannie Mae, Freddie Mac, and Ginnie Mae, as well as low-income housing tax credit (LIHTC) programs administered through HUD. Regulated by the Indiana Department of Financial Institutions (IDFI) and the Office of the Comptroller of the Currency (OCC), among other bodies, Merchants Bancorp is listed on the NASDAQ Capital Market and has issued Series D and Series E Preferred Stock in addition to common equity.