Merchants Bancorp Management
Management criteria checks 4/4
Merchants Bancorp's CEO is Mike Petrie, appointed in Oct 2006, has a tenure of 19.08 years. total yearly compensation is $2.94M, comprised of 32.3% salary and 67.7% bonuses, including company stock and options. directly owns 27.39% of the company’s shares, worth $396.19M. The average tenure of the management team and the board of directors is 5.9 years and 11.5 years respectively.
Key information
Mike Petrie
Chief executive officer
US$2.9m
Total compensation
| CEO salary percentage | 32.31% |
| CEO tenure | 19.1yrs |
| CEO ownership | 27.4% |
| Management average tenure | 5.9yrs |
| Board average tenure | 11.5yrs |
Recent management updates
Recent updates
Merchants Bancorp Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Oct 31
Results: Merchants Bancorp Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 01Do Merchants Bancorp's (NASDAQ:MBIN) Earnings Warrant Your Attention?
Jan 20If EPS Growth Is Important To You, Merchants Bancorp (NASDAQ:MBIN) Presents An Opportunity
Sep 27Merchants 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 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | US$200m |
| Jun 30 2025 | n/a | n/a | US$209m |
| Mar 31 2025 | n/a | n/a | US$248m |
| Dec 31 2024 | US$3m | US$950k | US$284m |
| 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$60m |
Compensation vs Market: Mike's total compensation ($USD2.94M) is below average for companies of similar size in the US market ($USD5.51M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Petrie (71 yo)
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 | 19.1yrs | US$2.94m | 27.39% $ 396.2m | |
| President | 7.8yrs | US$2.61m | 0.33% $ 4.7m | |
| Chief Financial Officer | 1.2yrs | US$887.62k | 0.013% $ 187.5k | |
| President of Warehouse Lending | 6yrs | US$1.27m | 0.035% $ 509.1k | |
| President & CEO of Merchants Capital Corp | 7.8yrs | US$6.43m | 0.31% $ 4.5m | |
| Chief Accounting Officer | less than a year | no data | 0.0049% $ 70.9k | |
| Chief Administrative Officer | no data | no data | 0.049% $ 703.3k | |
| Manager SEC Reporting | no data | no data | no data | |
| Secretary & General Counsel | no data | no data | 0.041% $ 588.8k | |
| President & Executive VP of SBA Lending | 5.9yrs | no data | no data | |
| Executive VP & Chief Risk Officer | 4.8yrs | no data | no data | |
| Executive Vice President of Investment Real Estate | 1.8yrs | no data | no data |
Experienced Management: MBIN's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 19.1yrs | US$2.94m | 27.39% $ 396.2m | |
| President | 11.5yrs | US$2.61m | 0.33% $ 4.7m | |
| Independent Director | 12yrs | US$157.58k | 0.049% $ 711.9k | |
| Independent Lead Director | 6.5yrs | US$172.58k | 0.054% $ 783.4k | |
| Independent Director | 8.4yrs | US$140.08k | 0.028% $ 401.7k | |
| Director | 19.8yrs | no data | 0.033% $ 470.4k | |
| Vice Chairman | 19.1yrs | no data | 7.24% $ 104.7m | |
| Director | 3.5yrs | US$140.08k | 0.047% $ 675.9k | |
| Independent Director | 12yrs | US$152.58k | 0.26% $ 3.7m | |
| Independent Director | 8.4yrs | US$150.08k | 0.025% $ 357.4k | |
| Independent Director | 3.5yrs | US$140.08k | 0.014% $ 203.2k |
Experienced Board: MBIN's board of directors are seasoned and experienced ( 11.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/09 06:33 |
| End of Day Share Price | 2025/11/07 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
Merchants Bancorp is covered by 8 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 Long | Raymond James & Associates |