Merchants Bancorp Management

Management criteria checks 2/4

Merchants Bancorp's CEO is Mike Petrie, appointed in Oct 2006, has a tenure of 17.67 years. total yearly compensation is $2.84M, comprised of 31.7% salary and 68.3% bonuses, including company stock and options. directly owns 29.83% of the company’s shares, worth €498.10M. The average tenure of the management team and the board of directors is 6.4 years and 10.1 years respectively.

Key information

Mike Petrie

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage31.7%
CEO tenure17.7yrs
CEO ownership29.8%
Management average tenure6.4yrs
Board average tenure10.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Petrie's remuneration changed compared to Merchants Bancorp's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

US$277m

Dec 31 2023US$3mUS$900k

US$245m

Sep 30 2023n/an/a

US$224m

Jun 30 2023n/an/a

US$204m

Mar 31 2023n/an/a

US$196m

Dec 31 2022US$2mUS$850k

US$194m

Sep 30 2022n/an/a

US$195m

Jun 30 2022n/an/a

US$195m

Mar 31 2022n/an/a

US$192m

Dec 31 2021US$2mUS$800k

US$206m

Sep 30 2021n/an/a

US$213m

Jun 30 2021n/an/a

US$212m

Mar 31 2021n/an/a

US$203m

Dec 31 2020US$2mUS$750k

US$166m

Sep 30 2020n/an/a

US$136m

Jun 30 2020n/an/a

US$102m

Mar 31 2020n/an/a

US$79m

Dec 31 2019US$717kUS$700k

US$68m

Sep 30 2019n/an/a

US$56m

Jun 30 2019n/an/a

US$55m

Mar 31 2019n/an/a

US$55m

Dec 31 2018US$648kUS$630k

US$60m

Sep 30 2018n/an/a

US$64m

Jun 30 2018n/an/a

US$58m

Mar 31 2018n/an/a

US$57m

Dec 31 2017US$619kUS$600k

US$51m

Compensation vs Market: Mike's total compensation ($USD2.84M) is above average for companies of similar size in the German market ($USD1.58M).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.


CEO

Mike Petrie (70 yo)

17.7yrs

Tenure

US$2,839,538

Compensation

Mr. Michael F. Petrie, also known as Mike, CMB, has been Chairman of Merchants Bank of Indiana since March 2002 and serves as its Director. He Co-Founded Merchants Bancorp. He served as the Chief Executive...


Leadership Team

NamePositionTenureCompensationOwnership
Michael Petrie
Co-founder17.7yrsUS$2.84m29.83%
$ 498.1m
Michael Dunlap
President6.4yrsUS$2.51m0.28%
$ 4.6m
John Macke
Executive VP6.9yrsUS$838.02k0.096%
$ 1.6m
Martin Schroeter
President of Warehouse Lending4.6yrsUS$1.21m0.028%
$ 466.0k
Michael Dury
President & CEO of Merchants Capital Corp6.4yrsUS$6.51m0.18%
$ 3.1m
Vickie Vandivier
Executive VP & Investment Officerno datano datano data
Kevin Langford
Executive VP & Chief Administrative Officerno datano data0.041%
$ 677.6k
Tami Durle
Manager SEC Reportingno datano datano data
Terry Oznick
Executive VP & General Counselno datano data0.032%
$ 528.6k
Jeffery Scott
President & Executive VP of SBA Lending4.5yrsno datano data
Susan Kucer
President of Indianapolis Market8.3yrsno data0.071%
$ 1.2m
Robert Burtner
Executive VP & Chief Credit Officerno datano datano data

6.4yrs

Average Tenure

58.5yo

Average Age

Experienced Management: 3KD's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Petrie
Co-founder17.7yrsUS$2.84m29.83%
$ 498.1m
Michael Dunlap
President10.1yrsUS$2.51m0.28%
$ 4.6m
David Shane
Independent Director10.6yrsUS$115.09k0.044%
$ 738.0k
Andrew Juster
Independent Lead Director5.1yrsUS$115.09k0.049%
$ 820.7k
Sue Gilroy
Independent Director7yrsUS$100.09k0.023%
$ 378.9k
Scott Evans
Director18.4yrsno data0.077%
$ 1.3m
Randall Rogers
Vice Chairman17.7yrsno data7.04%
$ 117.6m
Thomas Dinwiddie
Director2.1yrsUS$100.09k0.042%
$ 696.3k
Patrick O'Brien
Independent Director10.6yrsUS$110.09k0.25%
$ 4.2m
Anne Sellers
Independent Director7yrsUS$107.59k0.020%
$ 327.6k
Tamika Catchings
Independent Director2.1yrsUS$100.09k0.0089%
$ 148.9k

10.1yrs

Average Tenure

70yo

Average Age

Experienced Board: 3KD's board of directors are seasoned and experienced ( 10.1 years average tenure).


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