Company: MBINL
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032188
Chunk: 49

Company: Merchants Bancorp
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 49
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 internal control over financial reporting, and the overall quality of our financial reporting process. 35 In performing all of these functions, the Audit Committee acts only in an oversight capacity. In its oversight role, the Audit Committee relies on the work and assurances of our management, which has the primary responsibility for financial statements and reports, and of the independent registered public accounting firm who, in its report, expresses an opinion on the conformity of our financial statements to accounting principles generally accepted in the United States of America. The Audit Committee’s oversight does not provide it with an independent basis to determine that management has maintained appropriate accounting and financial reporting principles or policies, or appropriate internal control over financial reporting designed to assure compliance with accounting standards and applicable laws and regulations. Furthermore, the Audit Committee’s considerations and discussions with management and the independent registered public accounting firm do not assure that our financial statements are presented in accordance with accounting principles generally accepted in the United States of America, that the audit of our financial statements has been carried out in accordance with the standards of the Public Company Accounting Oversight Board, or that our independent registered public accounting firm is, in fact, “independent.” In reliance on the reviews and discussions referred to above, the Audit Committee recommended to the Board, and the Board has approved, the audited consolidated financial statements be included in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC. The Audit Committee has appointed, subject to shareholder ratification, Forvis Mazars, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2025. The Audit Committee of the Board of Directors of Merchants Bancorp Andrew A. Juster, Chair Tamika D. Catchings Sue Anne Gilroy Patrick D. O’Brien Anne E. Sellers David N. Shane INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Audit Fees The following table sets forth the aggregate fees billed for audit services rendered by Forvis Mazars, LLP in connection with its audit of our consolidated financial statements and reports for our fiscal years ended December 31, 2024 and 2023 and for other services rendered during fiscal years ended December 31, 2024 and 2023, as well as all out-of-pocket costs incurred in connection with these services.

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| Audit