Key Highlights

• Merchants Bancorp's $0.11 quarterly Dividend trades with a September 15, 2026 record date, payable October 1, yielding approximately 1.09%.

• The dividend rose 10% in February 2026, the company's eighth consecutive year of increases.

• Second-quarter Net Income more than doubled to $78.3 million, or $1.48 diluted EPS, as provision expense fell to $9.2 million from $53.0 million.

• Total Assets reached a record $21.2 billion, with tangible Book Value per share hitting $39.93, its 30th consecutive quarterly high.

Merchants Bancorp's (NASDAQ:MBIN) $0.11 quarterly dividend trades with a September 15 Record Date and October 1 payment date. Net income more than doubled to $78.3 million as provision expense fell 83% to $9.2 million from $53.0 million, while net interest income rose to $136.5 million.

Dividend Program and Shareholder Returns

Merchants Bancorp declared a $0.11 per share quarterly common dividend, payable October 1 to shareholders of record September 15. The annualized dividend is $0.44 per share, up from $0.40 following a 10% increase in February 2026, the company's eighth consecutive year of dividend growth. The company also declared dividends on its Series C, D and E preferred securities.

About the Company

Merchants Bancorp is a diversified financial-services company headquartered in Indiana, the parent of Merchants Bank of Indiana, with primary activities in Mortgage warehouse lending, multifamily mortgage finance and specialty finance including healthcare-related lending.

Financial Performance Behind the Payout

Merchants Bancorp reported second-quarter net income of $78.3 million, more than double the $38.0 million reported a year earlier. Net income available to common shareholders was $68.0 million, producing $1.48 diluted EPS versus $0.60 in Q2 2025. Net interest income rose to $136.5 million, while provision expense fell to $9.2 million from $53.0 million. Total assets reached $21.2 billion, a fifth consecutive quarterly high, and tangible book value per share rose to $39.93, its 30th consecutive quarterly high.

Outlook

Whether provision expense stabilizes at a low level, continued growth in specialized lending segments, and funding costs given the bank's exposure to wholesale and warehouse-lending conditions are the items management and analysts have flagged for tracking going forward.