Computed from SEC EDGAR filings and closing prices — not copied from any wealth ranking. Dataset . How we calculate this.
Market capitalisation
$2.44B
45,938,075 shares Covers all 4 share classes this company has on file.
Insiders on file
13
people who have filed Form 3, 4 or 5 naming this issuer
Value of insider-held stock
$849.46M
from the holdings reported on Forms 3/4/5; this figure has no separate as-of date on file
Insider-held share of market cap
34.79%
insider-held value divided by market capitalisation
What Merchants Bancorp reports
Revenue and net income below are for fiscal period FY2025, the period label carried by this company’s own annual XBRL filings to the SEC. Fiscal years do not line up between companies — one company’s FY2026 can cover much the same months as another’s FY2025 — so compare the periods, not just the numbers.
Revenue
—
No revenue figure: this company’s filings tag profit, but no single revenue total.
Net income
$218.77M
FY2025profit for the period, from this company’s own annual XBRL filings to the SEC
Employees
735
Yahoo Finance
Why the revenue box is blanki
US GAAP has no one “total revenue” tag that every filer uses. A bank reports interest and dividend income separately from non-interest income; closed-end funds, blank-cheque companies and some property trusts report the same way; and a company that has not sold anything yet — a drug developer still in trials, for instance — files no revenue at all. Adding two differently defined income lines together would produce a number that appears in no filing, so we publish a revenue figure only where the filing tags one annual, US-dollar revenue fact we can point at. A blank here means no such tag, not that we failed to look.
Where the employee count comes fromi
Headcount comes from Yahoo Finance, not from a filing. The date beside it is the day we retrieved the figure — it is not the date the company counted its staff, and Yahoo does not publish that date. Unlike the SEC filings behind the other figures on this page, this one carries no open licence, so we publish the number and nothing else from that source.
Insiders at Merchants Bancorp
Shares is what each person last reported holding here.i
Everyone below has filed at least one insider report against this company.
Value is that share count priced at the same closing price used everywhere else on this site. A row priced from only some of a person’s securities says so — we do not quietly present a partial sum as a complete one.
Rows are grouped by the role each person reports.i
The role comes from the relationship boxes a person ticks on their own insider filings — officer, director, ten per cent owner — not from anything we infer. Somebody who is both an officer and a director appears once, in the combined group, so the row count still matches the figure at the top of this page. Where no filing states a role we say so instead of guessing one.
People who file insider reports against Merchants Bancorp.
Detected automatically in the filings linked below. Each headline is built from the numbers in those filings, not written by a model. Newest first; events older than 45 days stay listed and are marked as older.
Michael F Petrie sold 9,000 Merchants Bancorp (MBIN) shares for $496,800 on Jul 30, 2026
Large trade for this person
Flagged because this trade was large compared with this person’s own earlier open-market trades in the same currency — not because it is large in absolute terms. A trade that is routine for one insider can be flagged for another.
Michael F Petrie sold 9,000 Merchants Bancorp (MBIN) shares for $496,800 on Jul 30, 2026
Source: SEC EDGAR (United States); every row links to where it was published. Event computed Sep 14, 2026.
Michael F Petrie sold 30,696 Merchants Bancorp (MBIN) shares for $1,435,038 on May 5, 2026
Large trade for this person
Flagged because this trade was large compared with this person’s own earlier open-market trades in the same currency — not because it is large in absolute terms. A trade that is routine for one insider can be flagged for another.
Michael F Petrie sold 30,696 Merchants Bancorp (MBIN) shares for $1,435,038 on May 5, 2026
Total of the rows above: $1,435,038, in the currency the filings report.
Source: SEC EDGAR (United States); every row links to where it was published. Event computed Sep 14, 2026.
Michael F Petrie sold 15,000 Merchants Bancorp (MBIN) shares for $660,750 on Feb 26, 2026
Large trade for this person
Flagged because this trade was large compared with this person’s own earlier open-market trades in the same currency — not because it is large in absolute terms. A trade that is routine for one insider can be flagged for another.
Michael F Petrie sold 15,000 Merchants Bancorp (MBIN) shares for $660,750 on Feb 26, 2026
Source: SEC EDGAR (United States); every row links to where it was published. Event computed Sep 14, 2026.
Michael F Petrie sold 13,871 Merchants Bancorp (MBIN) shares for $280,888 on Feb 26, 2026
Unusual change in a direct holding
Flagged because the change that day in the shares this person holds directly was unusually large compared with their own earlier changes. The rows below are the open-market trades reported that day; under each share count is the balance the filing reports after that line.
Michael F Petrie sold 13,871 Merchants Bancorp (MBIN) shares for $280,888 on Feb 26, 2026
Source: SEC EDGAR (United States); every row links to where it was published. Event computed Sep 14, 2026.
Michael F Petrie sold 14,610 Merchants Bancorp (MBIN) shares for $295,122 on Feb 9, 2026
Unusual change in a direct holding
Flagged because the change that day in the shares this person holds directly was unusually large compared with their own earlier changes. The rows below are the open-market trades reported that day; under each share count is the balance the filing reports after that line.
Michael F Petrie sold 14,610 Merchants Bancorp (MBIN) shares for $295,122 on Feb 9, 2026
Source: SEC EDGAR (United States); every row links to where it was published. Event computed Sep 14, 2026.
Michael F Petrie sold 11,566 Merchants Bancorp (MBIN) shares for $222,067 on Nov 21, 2025
Large trade for this person
Flagged because this trade was large compared with this person’s own earlier open-market trades in the same currency — not because it is large in absolute terms. A trade that is routine for one insider can be flagged for another.
Michael F Petrie sold 11,566 Merchants Bancorp (MBIN) shares for $222,067 on Nov 21, 2025
Source: SEC EDGAR (United States); every row links to where it was published. Event computed Sep 14, 2026.
Recent insider transactions
Of the 141 rows we hold,
16 are open-market
purchases (P) and
38 open-market
sales (S) — the only codes we count as buying or selling.i
The rest — awards, shares withheld to pay tax, option exercises, gifts and so on — follow from an employment contract or a transfer arranged off-market, not from a decision to buy or sell, so counting them would turn this into a pay table.
A price of 0.00 is a real reported figure on gifts (G) and share awards (A) — not a gap in our data.
Insider transactions disclosed to the SEC for Merchants Bancorp, newest first, each with the filing behind it.
From SEC Form 4 filings. Every row links to the filing it
came from. How we calculate this.
What a Form 4 isi
The report an officer, director or large shareholder must file after trading their own company’s stock.
Subsidiaries — 42 legal entities
Subsidiaries of Merchants Bancorp
42 legal entities named in the subsidiary exhibit filed with this company’s most recent 10-K. .
Filing on SEC.gov.
This is not the full list. SEC rules only require a company to name
its significant subsidiaries.
What that leaves outi
Smaller entities are left out of the exhibit entirely. A short list here means a short exhibit — it does not mean the company owns nothing else. Nothing on this page is inferred: every name below is copied from the filing.
Subsidiaries Merchants Bancorp names in its
most recent annual report, with the place each one is organised.
Subsidiary
Organised in
--MCI Fund 11 Manager, LLC
Indiana
--MCI Fund 12 GP, LLC
Indiana
--MCI Fund 13 GP, LLC
Indiana
--MCI Fund 14 GP, LLC
Indiana
--MCI Fund 15 GP, LLC
Indiana
--MCI Fund 16 Manager, LLC
Indiana
--MCI Fund 18 GP, LLC
Indiana
--MCI Fund 19 GP, LLC
Indiana
--MCI Fund 20 Manager, LLC
Indiana
--MCI Fund 21 Manager, LLC
Indiana
--MCI Fund 22 GP, LLC
Indiana
--MCI Fund 23 GP, LLC
Indiana
--MCI Fund 24 GP, LLC
Indiana
--MCI Fund 25 Manager, LLC
Indiana
--MCI Fund 26 GP, LLC
Indiana
--MCI Fund 27 GP, LLC
Indiana
--MCI Fund 30 GP, LLC
Indiana
--MCI Fund IV GP, LLC
Indiana
--MCI Fund V GP, LLC
Indiana
--MCI Fund VI GP, LLC --MCI Fund VII GP, LLC --MCI Fund VIII GP, LLC --MCI Fund IX GP, LLC --MCI Fund X GP, LLC
Indiana Indiana Indiana Indiana Indiana
--MCI GP, LLC
Indiana
--MCI MTE GP, LLC
Indiana
--MCI SLP, LLC
Indiana
--MCI Social Impact GP, LLC
Indiana
--Merchants Capital Investments, LLC
Indiana
--Merchants Capital Servicing, LLC
Delaware
--Merchants Healthcare Fund I GP, LLC
Indiana
--Merchants Healthcare Fund I Offshore GP, LLC
Delaware
--RMF Holdings, LLC
Indiana
-Ash Realty Holdings, LLC
Indiana
-CMG Funding, LLC
Indiana
-MBI Michigan 441, LLC
Indiana
-MBI Midtown West II, LLC
Indiana
-MBI Midtown West, LLC
Indiana
-MCI PCR NMTC, LLC
Indiana
-Merchants Capital Corp
Indiana
-OneTrust Funding, Inc.
Indiana
Exhibit 21 List of Subsidiaries of Merchants Bancorp As of December 31, 2025
—
Merchants Bank of Indiana (also d/b/a Merchants Mortgage)
Indiana
Merchants Capital 2021-FLI GP, LLC
Indiana
Merchants Capital 2021-FLI LP, LLC
Indiana
Merchants Investment Partners, LLC
Delaware
What counts as a subsidiaryi
A subsidiary is a separate legal entity this company controls; it is not the same thing as a brand, a division or an office. These entities do not file with the SEC in their own right, so there is no separate page to open for them.
Think a number here is wrong?
Open the linked filing and compare —
how to report it.
Sources and technical notes
Every figure on this page comes from filings to the U.S. SEC via EDGAR.
Nothing here is estimated, and nothing is taken from press coverage or company websites.
Share count: cover page of the latest filing (dei:EntityCommonStockSharesOutstanding), taken from
Merchants Bancorp’s own filings and multiplied by our closing price.
Full method.
What that share count meansi
the share count the company itself prints on the cover of its most recent filing, as of the date it signed that filing.
We do not take a market cap from a data vendor, and we do not estimate one: the figure
is a share count from Merchants Bancorp’s
own SEC filings multiplied by
the closing price we hold for the same stock.