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Merchants Bancorp Declares Quarterly Dividends for Q2 2026

CARMEL, Ind., May 21, 2026 — Merchants Bancorp (Nasdaq: MBIN), the parent organization and registered bank holding company of Merchants Bank of Indiana, has made a significant announcement regarding its quarterly dividends. The Board of Directors has approved several cash dividends for the upcoming second quarter of 2026, aimed at rewarding shareholders for their continued support and investment in the company.

As detailed in their recent press release, shareholders on record as of June 15, 2026, are set to receive the following dividends:

• - A cash dividend of $0.11 per share on outstanding common stock.
• - A $15.00 per share dividend on the 6% Series C preferred stock, which is equivalent to $0.375 per depositary share.
• - For the 8.25% Series D preferred stock, a dividend of $20.625 per share (or $0.5156 per depositary share) will be issued.
• - Lastly, shareholders of the 7.625% Series E preferred stock will receive $19.06 per share, translating to $0.4765 per depositary share.

These strategic moves indicate Merchants Bancorp's commitment to maintaining robust financial health and rewarding its stakeholders effectively. The rates have shown consistency, reflecting the company's solid position in the market.

About Merchants Bancorp

Founded in Carmel, Indiana, Merchants Bancorp operates various financial services under multiple segments, showcasing a comprehensive business model within the banking sector. With a remarkable asset portfolio amounting to $20.3 billion and deposits of $13.0 billion as of March 31, 2026, the organization is well-positioned to handle diverse financial needs.

The company's operations span across several key areas:

• - Multi-family Mortgage Banking: Primarily focusing on financing multi-family housing and healthcare facilities. This segment also engages in syndicating low-income housing tax credit and debt funds.
• - Mortgage Warehousing: Provides financing for mortgage warehouses, commercial loans, and essential deposit services.
• - Banking Services: Delivers retail and correspondent residential mortgage banking, along with agricultural lending and community banking services.

Through subsidiaries like Merchants Bank of Indiana and various other specialized financial services entities, Merchants Bancorp continues to build a strong reputation within the financial services industry. The upcoming dividend announcements exemplify the ongoing efforts to enhance shareholder value in a competitive banking landscape.

As the financial market evolves, Merchants Bancorp remains committed to adapting its strategies to ensure sustained growth and profitability. For more insights into financial data and corporate announcements, interested parties can visit Merchants' Investor Relations page.

Overall, this announcement reinforces Merchants Bancorp's strategy to ensure consistent returns for its investors while maintaining a healthy growth trajectory in the banking market.