Merchants Bancorp

For the period ended Mar 31, 2024. Filed May 10, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 10, 2024

MBIN$51.76-0.7%Stored close · as of Nov 6, 2026

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Contents

Index to Quarterly Report on Form 10-Q

PART I – FINANCIAL INFORMATION

Item 1 Interim Financial Statements (Unaudited)

Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023	3

Condensed Consolidated Statements of Income for the Three Months Ended March 31, 2024 and 2023	4

Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2024 and 2023	5

Condensed Consolidated Statements of Shareholders’ Equity for the Three Months Ended March 31, 2024 and 2023	6

Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023	7

Notes to Condensed Consolidated Financial Statements	8

Item 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations	47

Item 3 Quantitative and Qualitative Disclosures About Market Risk	65

Item 4 Controls and Procedures	65

PART II – OTHER INFORMATION	66

Item 1 Legal Proceedings	66

Item 1A Risk Factors	66

Item 2 Unregistered Sales of Equity Securities and Use of Proceeds	66

Item 3 Defaults Upon Senior Securities	66

Item 4 Mine Safety Disclosures	66

Item 5 Other Information	66

Item 6 Exhibits	67

SIGNATURES	68

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About this filing

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