Merchants Bancorp Declares Quarterly Common and Preferred Dividends

CARMEL, Ind., Nov. 16, 2022 /PRNewswire/ -- Merchants Bancorp ("Merchants") (NASDAQ: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the fourth quarter of 2022, in each case to shareholders of record on December 15, 2022, payable on January 3, 2023:

• A dividend of $0.07 per share on the Company's outstanding shares of its common stock (NASDAQ: MBIN);
• A dividend of $0.4375 per share on the Company's outstanding shares of its 7% Series A preferred stock (NASDAQ: MBINP);
• A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Company's outstanding shares of its 6% Series B preferred stock (NASDAQ: MBINO);
• A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Company's outstanding shares of its 6% Series C preferred stock (NASDAQ: MBINN);
• An initial dividend of $21.5417 per share (equivalent to $0.5385 per depositary share) on the Company's outstanding shares of its 8.25% Series D preferred stock (NASDAQ: MBINM).

Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking. Merchants Bancorp, with $12.0 billion in assets and $10.3 billion in deposits as of September 30, 2022, conducts its business through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Farmers-Merchants Bank of Illinois, Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana. For more information and financial data, please visit Merchants' Investor Relations page at investors.merchantsbancorp.com.

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SOURCE Merchants Bancorp