Merchants Bancorp Management
Management criteria checks 3/4
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 $459.60M. 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 percentage | 31.7% |
| CEO tenure | 18.2yrs |
| CEO ownership | 27.6% |
| Management average tenure | 5.1yrs |
| Board average tenure | 10.6yrs |
Recent management updates
Recent updates
If EPS Growth Is Important To You, Merchants Bancorp (NASDAQ:MBIN) Presents An Opportunity
Sep 27
Merchants Bancorp (NASDAQ:MBIN) Will Pay A Larger Dividend Than Last Year At $0.09
Mar 10Merchants Bancorp (NASDAQ:MBIN) Has Announced That It Will Be Increasing Its Dividend To $0.09
Feb 22Moon Capital - Merchants Bancorp: The Bank You've Never Heard Of
Feb 08Merchants Bancorp (NASDAQ:MBIN) Is Paying Out A Dividend Of $0.08
Dec 13Merchants Bancorp (NASDAQ:MBIN) Is Due To Pay A Dividend Of $0.08
Sep 05Merchants Bancorp (NASDAQ:MBIN) Will Pay A Dividend Of $0.08
Aug 22Merchants Bancorp (NASDAQ:MBIN) Will Pay A Dividend Of $0.08
May 23Merchants Bancorp (NASDAQ:MBIN) Has Announced That It Will Be Increasing Its Dividend To $0.08
Feb 21Merchants Bancorp: Attractively Valued, Earnings Likely To Grow Next Year
Oct 14Merchants Bancorp prices underwritten public offering of 5.2M depositary shares
Sep 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$268m |
| Jun 30 2024 | n/a | n/a | US$287m |
| Mar 31 2024 | n/a | n/a | US$277m |
| Dec 31 2023 | US$3m | US$900k | US$245m |
| Sep 30 2023 | n/a | n/a | US$224m |
| Jun 30 2023 | n/a | n/a | US$204m |
| Mar 31 2023 | n/a | n/a | US$196m |
| Dec 31 2022 | US$2m | US$850k | US$194m |
| Sep 30 2022 | n/a | n/a | US$195m |
| Jun 30 2022 | n/a | n/a | US$195m |
| Mar 31 2022 | n/a | n/a | US$192m |
| Dec 31 2021 | US$2m | US$800k | US$206m |
| Sep 30 2021 | n/a | n/a | US$213m |
| Jun 30 2021 | n/a | n/a | US$212m |
| Mar 31 2021 | n/a | n/a | US$203m |
| Dec 31 2020 | US$2m | US$750k | US$166m |
| Sep 30 2020 | n/a | n/a | US$136m |
| Jun 30 2020 | n/a | n/a | US$102m |
| Mar 31 2020 | n/a | n/a | US$79m |
| Dec 31 2019 | US$717k | US$700k | US$68m |
| Sep 30 2019 | n/a | n/a | US$56m |
| Jun 30 2019 | n/a | n/a | US$55m |
| Mar 31 2019 | n/a | n/a | US$55m |
| Dec 31 2018 | US$648k | US$630k | US$60m |
| Sep 30 2018 | n/a | n/a | US$64m |
| Jun 30 2018 | n/a | n/a | US$58m |
| Mar 31 2018 | n/a | n/a | US$57m |
| Dec 31 2017 | US$619k | US$600k | US$51m |
Compensation vs Market: Mike's total compensation ($USD2.84M) is below average for companies of similar size in the US market ($USD5.51M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-founder | 18.2yrs | US$2.84m | 27.64% $ 459.6m | |
| President | 6.9yrs | US$2.51m | 0.27% $ 4.6m | |
| President of Warehouse Lending | 5.1yrs | US$1.21m | 0.028% $ 463.9k | |
| President & CEO of Merchants Capital Corp | 6.9yrs | US$6.51m | 0.21% $ 3.6m | |
| Chief Financial Officer & Principal Accounting Officer | less than a year | no data | 0.0075% $ 125.2k | |
| Executive VP & Investment Officer | no data | no data | no data | |
| Executive VP & Chief Administrative Officer | no data | no data | 0.039% $ 643.9k | |
| Manager SEC Reporting | no data | no data | no data | |
| Executive VP & General Counsel | no data | no data | 0.032% $ 526.2k | |
| President & Executive VP of SBA Lending | 5yrs | no data | no data | |
| Executive VP & Chief Credit Officer | no data | no data | no data | |
| Executive VP & Chief Risk Officer | 3.9yrs | no data | no data |
5.1yrs
Average Tenure
57yo
Average Age
Experienced Management: MBIN's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-founder | 18.2yrs | US$2.84m | 27.64% $ 459.6m | |
| President | 10.6yrs | US$2.51m | 0.27% $ 4.6m | |
| Independent Director | 11.1yrs | US$115.09k | 0.046% $ 766.6k | |
| Independent Lead Director | 5.6yrs | US$115.09k | 0.051% $ 848.9k | |
| Independent Director | 7.5yrs | US$100.09k | 0.025% $ 409.0k | |
| Director | 18.9yrs | no data | 0.077% $ 1.3m | |
| Vice Chairman | 18.2yrs | no data | 7.04% $ 117.1m | |
| Director | 2.6yrs | US$100.09k | 0.044% $ 725.2k | |
| Independent Director | 11.1yrs | US$110.09k | 0.26% $ 4.2m | |
| Independent Director | 7.5yrs | US$107.59k | 0.022% $ 358.0k | |
| Independent Director | 2.6yrs | US$100.09k | 0.011% $ 180.2k |
10.6yrs
Average Tenure
70yo
Average Age
Experienced Board: MBIN's board of directors are seasoned and experienced ( 10.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 02:14 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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Industry and Sector Metrics
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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.
| Analyst | Institution |
|---|---|
| Manan Gosalia | Morgan Stanley |
| Nathan Race | Piper Sandler Companies |
| David Feaster | Raymond James & Associates |