Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value (MBINL)

Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value Stock (MBINL) Financials Data

*All numbers in millions

Period End Date	2026-09-30	2026-06-30	2026-03-31	2025-12-31	2025-09-30
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
Provision For Loan, Lease, And Other Losses	30.69%12.00	9.18	15.30	27.76	29.24
Net Interest Income/Expense	5.59%144.17	136.54	128.65	138.09	128.06
	5.82%311.19	294.07	270.51	307.47	301.78
Interest And Devidend Income	5.82%311.19	294.07	270.51	307.47	301.78
Interest Income/Expense After Provision For Losses	3.78%132.17	127.35	113.35	110.33	98.82
Noninterest Expense	8.56%79.52	73.25	75.64	83.64	77.25
Noninterest Income	76.82%80.77	45.68	46.60	47.20	43.01
Income/Loss From Continuing Operations Before Tax	33.71%133.42	99.78	84.31	73.88	64.58
Income Tax Expense/Benefit	31.45%28.24	21.48	16.57	6.04	9.88
	34.33%105.18	78.30	67.73	67.85	54.70
Attributable To Parent	34.33%105.18	78.30	67.73	67.85	54.70
Available To Common Stockholders, Basic	39.51%94.92	68.04	57.47	58.80	44.44
Preferred Stock Dividends And Other Adjustments	0.01%10.27	10.27	10.27	10.27	10.27
Basic Average Shares	0.01%45.94	45.94	45.93	-	45.89
Diluted Average Shares	0.06%46.03	46.01	46.00	-	45.95
Basic Earnings Per Share	39.86%2.07	1.48	1.25	-	0.97
Diluted Earnings Per Share	39.19%2.06	1.48	1.25	-	0.97
Common Stock Dividends	0.44	0.44	0.44	-	0.40