Merchants Bancorp

DB:3KD Stock Report

Market Cap: €1.6b

Merchants Bancorp Management

Management criteria checks 2/4

Merchants Bancorp's CEO is Mike Petrie, appointed in Oct 2006, has a tenure of 18.17 years. total yearly compensation is $2.84M, comprised of 31.7% salary and 68.3% bonuses, including company stock and options. directly owns 27.64% of the company’s shares, worth €438.30M. The average tenure of the management team and the board of directors is 5.1 years and 10.6 years respectively.

Key information

Mike Petrie

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage31.7%
CEO tenure18.2yrs
CEO ownership27.6%
Management average tenure5.1yrs
Board average tenure10.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Petrie's remuneration changed compared to Merchants Bancorp's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$268m

Jun 30 2024n/an/a

US$287m

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)

18.2yrs

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-founder18.2yrsUS$2.84m27.64%
€ 438.3m
Michael Dunlap
President6.9yrsUS$2.51m0.27%
€ 4.4m
Martin Schroeter
President of Warehouse Lending5.1yrsUS$1.21m0.028%
€ 442.4k
Michael Dury
President & CEO of Merchants Capital Corp6.9yrsUS$6.51m0.21%
€ 3.4m
Sean Sievers
Chief Financial Officer & Principal Accounting Officerless than a yearno data0.0075%
€ 119.4k
Vickie Vandivier
Executive VP & Investment Officerno datano datano data
Kevin Langford
Executive VP & Chief Administrative Officerno datano data0.039%
€ 614.1k
Tami Durle
Manager SEC Reportingno datano datano data
Terry Oznick
Executive VP & General Counselno datano data0.032%
€ 501.8k
Jeffery Scott
President & Executive VP of SBA Lending5yrsno datano data
Robert Burtner
Executive VP & Chief Credit Officerno datano datano data
Cheryl Likens
Executive VP & Chief Risk Officer3.9yrsno datano data

5.1yrs

Average Tenure

57yo

Average Age

Experienced Management: 3KD's management team is seasoned and experienced (5.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Petrie
Co-founder18.2yrsUS$2.84m27.64%
€ 438.3m
Michael Dunlap
President10.6yrsUS$2.51m0.27%
€ 4.4m
David Shane
Independent Director11.1yrsUS$115.09k0.046%
€ 731.1k
Andrew Juster
Independent Lead Director5.6yrsUS$115.09k0.051%
€ 809.6k
Sue Gilroy
Independent Director7.5yrsUS$100.09k0.025%
€ 390.0k
Scott Evans
Director18.9yrsno data0.077%
€ 1.2m
Randall Rogers
Vice Chairman18.2yrsno data7.04%
€ 111.7m
Thomas Dinwiddie
Director2.6yrsUS$100.09k0.044%
€ 691.6k
Patrick O'Brien
Independent Director11.1yrsUS$110.09k0.26%
€ 4.1m
Anne Sellers
Independent Director7.5yrsUS$107.59k0.022%
€ 341.4k
Tamika Catchings
Independent Director2.6yrsUS$100.09k0.011%
€ 171.9k

10.6yrs

Average Tenure

70yo

Average Age

Experienced Board: 3KD's board of directors are seasoned and experienced ( 10.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 12:07
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Merchants Bancorp is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Manan GosaliaMorgan Stanley
Nathan RacePiper Sandler Companies
David FeasterRaymond James & Associates