Company: MBINL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001104659-25-108470
Chunk: 6

Company: Merchants Bancorp
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 6
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 deposits​  13,934,705​  11,919,976Borrowings​  2,902,631​  4,386,122Deferred tax liabilities​  28,973​  25,289Other liabilities​  262,904​  231,035Total liabilities​  17,129,213​  16,562,422Commitments and Contingencies​   ​   Shareholders' Equity​   ​   Common stock, without par value​   ​   Authorized - 75,000,000 shares ​   ​   Issued and outstanding - 45,889,238 shares at September 30, 2025 and 45,767,166 shares at December 31, 2024​  242,371​  240,313Preferred stock, without par value - 5,000,000 total shares authorized​​​​​​6% Series B Preferred stock - $1,000 per share liquidation preference​ ​​ ​Authorized - no shares at September 30, 2025 and 125,000 shares at December 31, 2024​ ​​ ​Issued and outstanding - no shares at September 30, 2025 and 125,000 shares (equivalent to 5,000,000 depositary shares) at December 31, 2024​  —​  120,8446% Series C Preferred stock - $1,000 per share liquidation preference​​​​​​Authorized - 200,000 shares​​​​​​Issued and outstanding - 196,181 shares (equivalent to 7,847,233 depositary shares) ​​ 191,084​​ 191,0848.25% Series D Preferred stock - $1,000 per share liquidation preference​​​​​​Authorized - 300,000 shares​​​​​​Issued and outstanding - 142,500 shares (equivalent to 5,700,000 depositary shares) ​​ 137,459​​ 137,4597.625% Series E Preferred stock - $1,000 per share liquidation preference​​​​​​Authorized - 230,000 shares​​​​​​Issued and outstanding - 230,000 shares (equivalent to 9,200,000 depositary shares) ​​ 222,748​​ 222,748Retained earnings​  1,431,983​  1,