What is Merchants Bancorp's redemption of preferred stock?

Merchants Bancorp (MBIN) reported redemption of preferred stock of $13.01M in Q4 2024.

What does redemption of preferred stock mean?

Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.

JPMorgan ChaseJPM

$0-100%

Revenue$175.2M+20.1%

Net income$67.7M+16.3%

EPS (diluted)$1.25+34.4%

Cash & equivalents$83.2M-84.0%

Total debt$4.8B+19.4%

Total equity$2.3B+7.8%

Total assets$20.3B+8.1%

Operating cash flow-$597.3M-503%

CapEx$1.1M-83.3%

Free cash flow-$598.5M-524%

Market cap$2.29B+16.3%

Enterprise value$7B+28.8%

P/E10×+3.3×

P/S3.2×+0.2×

Net margin32.1%-12.8pp

FCF margin-155%-376pp

Return on equity10.2%-4.6pp

Debt / equity2.1×+0.2×

Reported directly by Merchants Bancorp in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRepurchaseOfPreferredStockAndPreferenceStock.

The official record: Merchants Bancorp’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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What is Merchants Bancorp's redemption of preferred stock?: Merchants Bancorp (MBIN) reported redemption of preferred stock of $13.01M in Q4 2024.
What does redemption of preferred stock mean?: Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.