Company: MBINL
Filing Date: 2025-11-19
Form Type: 8-K
Source: 0001104659-25-114085
Chunk: 0

Company: Merchants Bancorp
Filing Date: 2025-11-19
Form: 8-K
Item: Item 8.01
Chunk 0
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Item 8.01 Other Events.

On November 19, 2025, Merchants Bancorp (the “ Company”)
issued a press release announcing that the Company’s Board of Directors declared the following quarterly cash dividends:

  $0.10 per share on the Company’s outstanding shares of its common stock;  

  $15.00 per share (equivalent to $0.375 per depositary share) on the Company’s  

  $20.625 per share (equivalent to $0.5156 per depositary share) on the Company’s  

  $19.06 per share (equivalent to $0.4765 per depositary share) on the Company’s  

Each of the dividends are payable on January 2, 2026 to shareholders
of record on December 15, 2025.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

  Exhibit      Description                                                                                               
      No.                                                                                                                
     99.1      Press Release dated November 19, 2025 issued by Merchants Bancorp.                                        
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      104      Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document.  

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                               MERCHANTS BANCORP                                            
  Date: November 19, 2025      By:                    /s/ Terry Oznick                      
                                                      Name: Terry Oznick                    
                                                      Title: General Counsel and Secretary