0001629019 us-gaap:SeriesEPreferredStockMember 2026-10-28 2026-10-28 0001629019 us-gaap:SeriesDPreferredStockMember 2026-10-28 2026-10-28 0001629019 us-gaap:SeriesCPreferredStockMember 2026-10-28 2026-10-28 0001629019 us-gaap:CommonStockMember 2026-10-28 2026-10-28 0001629019 2026-10-28 2026-10-28 0001629019 false 8-K 2026-10-28 Merchants Bancorp IN 001-38258 20-5747400 410 Monon Boulevard Carmel IN 46032 317 569-7420 false false false false Common Stock, without par value MBIN NASDAQ Depositary Shares, each representing a 1/40th interest in a share of Series C Preferred Stock, without par value MBINN NASDAQ Depositary Shares, each representing a 1/40th interest in a share of Series D Preferred Stock, without par value MBINM NASDAQ Depositary Shares, each representing a 1/40th interest in a share of Series E Preferred Stock, without par value MBINL NASDAQ false