Results of Operations and Financial Condition. On July 28, 2026, Merchants Bancorp issued a press release reporting its financial results for the second quarter of 2026. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Results of Operations and Financial Condition. On April 28, 2026, Merchants Bancorp issued a press release reporting its financial results for the first quarter of 2026. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Results of Operations and Financial Condition. On January 28, 2026, Merchants Bancorp issued a press release reporting its financial results for the fourth quarter and full fiscal year of 2025. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Results of Operations and Financial Condition. On October 28, 2025, Merchants Bancorp issued a press release reporting its financial results for the third quarter of 2025. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Results of Operations and Financial Condition. On July 28, 2025, Merchants Bancorp issued a press release reporting its financial results for the second quarter of 2025. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Results of Operations and Financial Condition. On April 28, 2025, Merchants Bancorp issued a press release reporting its financial results for the first quarter of 2025. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Chief Accounting Officer — Darin Thomas: The filing discloses the external appointment of a new Chief Accounting Officer to assume duties from the CFO, which is a significant management change but not a departure of a sitting executive.

Results of Operations and Financial Condition. On January 28, 2025, Merchants Bancorp issued a press release reporting its financial results for the fourth quarter and full fiscal year 2024. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Other Events. On November 20, 2024, the Company filed a Form 8-K announcing that the Company’s Board of Directors declared quarterly dividends, including a dividend of $23.56 per share (equivalent to $0.59 per depositary share) on its outstanding shares of Series B preferred stock. However, as of October 1, 2024 the Series B preferred stock’s dividend rate moved from its fixed rate period to its floating rate period and the day count method used to calculate dividends for each quarter also ch…

Material Modification to Rights of Security Holders On November 25, 2024, Merchants Bancorp (“Merchants”) issued an aggregate of 9,200,000 depositary shares (the “Depositary Shares”), each representing a 1/40th interest in a share of Merchants’ 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock, without par value (the “Series E Preferred Stock”), with a liquidation preference of $1,000 per share of Series E Preferred Stock (equivalent to $25 per Depositary Share), which repre…

Entry into a Material Definitive Agreement On November 18, 2024, Merchants Bancorp (“Merchants”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC, UBS Securities LLC, Piper Sandler & Co. and Raymond James & Associates, Inc. as representatives for the several underwriters set forth on Schedule A to the Underwriting Agreement (collectively, the “Underwriters”), pursuant to which Merchants agreed to sell, and each Underwriter has severally and n…

Results of Operations and Financial Condition. On October 28, 2024, Merchants Bancorp issued a press release reporting its financial results for the third quarter of 2024. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

CFO — John F. Macke: The filing announces the planned retirement of the CFO, John F. Macke, with a named successor, Sean Sievers, already appointed to ensure an orderly transition.

Results of Operations and Financial Condition. On July 29, 2024, Merchants Bancorp issued a press release reporting its financial results for the second quarter of 2024. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Entry into a Material Definitive Agreement On May 13, 2024, Merchants Bancorp (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC., as representative of the several underwriters named in Schedule I thereto (collectively, the “Underwriters”), to issue and sell 2,400,000 shares of the Company’s common stock, without par value (“Firm Stock”), at a public offering price of $43.00 per share in an underwritten public offering (the “Of…

Results of Operations and Financial Condition. On April 29, 2024, Merchants Bancorp issued a press release reporting its financial results for the first quarter of 2024. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

CFO — John F. Macke: The CFO is voluntarily retiring with a planned transition period and no disputes, representing an orderly succession rather than a sudden loss.