NASDAQ: MBIN May 2020 SunTrust Robinson Humphrey 2020 Financial Services Conference Disclaimers This presentation may contain "forward-looking statements" within the meaning of meaning of Section 27A of the Securities Act, Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect management's current views with respect to, among other things, future events and our financial performance. These statem ...

Financial Performance - Net income for the three months ended March 31, 2020, was $24,583 thousand, a significant increase of 132.5% compared to $10,570 thousand for the same period in 2019[8]. - Basic earnings per share for Q1 2020 was $0.73, up from $0.34 in Q1 2019, reflecting a growth of 114.7%[8]. - Net income for the three months ended March 31, 2020, was $24,583,000, compared to $10,570,000 for the same period in 2019, representing an increase of 132%[16]. - Net income for the three months ended March 31, 2020, was $24.6 million, a 133% increase from $10.6 million for the same period in 2019[192]. Asset Growth - Total assets increased to $7,908,398 thousand as of March 31, 2020, up from $6,371,928 thousand at December 31, 2019, representing a growth of 24.1%[7]. - Total assets increased by $1.5 billion, or 24%, to $7.9 billion as of March 31, 2020, driven by record-setting loan growth[158]. - Total available-for-sale securities increased to $339,053,000 as of March 31, 2020, from $290,243,000 at the end of 2019, showing growth in the investment portfolio[27]. Loan and Deposit Activity - Total deposits increased to $6,722,705 thousand as of March 31, 2020, a rise of 22.7% from $5,478,075 thousand at December 31, 2019[7]. - The net change in deposits was $1,244,630,000, compared to a decrease of $110,031,000 in the same period last year, indicating strong deposit growth[16]. - Loans held for sale increased from $2,074,197,000 at December 31, 2019, to $2,777,070,000 at March 31, 2020, a rise of 34%[120]. - Total loans receivable amounted to $3,501,770,000, an increase from $3,012,468,000 as of December 31, 2019, representing a growth of approximately 16.2%[40]. Income Sources - Total interest income rose to $60,417 thousand for Q1 2020, up 52.3% from $39,674 thousand in Q1 2019[8]. - Net interest income after provision for loan losses was $35,355 thousand for Q1 2020, up 50.5% from $23,482 thousand in Q1 2019[8]. - Noninterest income surged to $19,902 thousand in Q1 2020, compared to $3,664 thousand in Q1 2019, marking an increase of 442.5%[8]. Risk Management - The provision for loan losses was $2,998 thousand for Q1 2020, compared to $649 thousand in Q1 2019, indicating a focus on risk management amid market conditions[8]. - The allowance for loan losses increased to $18,883,000 as of March 31, 2020, compared to $15,842,000 as of December 31, 2019, indicating a rise of about 19.3%[40]. - The company’s risk assessment for loans includes factors such as the deteriorating financial condition of borrowers and declining collateral values, which are critical for determining the allowance for loan losses[38]. Capital and Equity - Shareholders' equity rose to $672,969 thousand as of March 31, 2020, compared to $653,728 thousand at December 31, 2019, reflecting a growth of 2.4%[7]. - The Company maintained a Tier 1 capital ratio of 9.9% as of March 31, 2020, exceeding the minimum requirement of 9%[86]. - The leverage ratio threshold was temporarily reduced to 8% under the CARES Act in response to the COVID-19 pandemic, with plans to increase to 9% in 2022[83]. Securities and Derivatives - The fair value of trading securities increased from $269,891 thousand as of December 31, 2019, to $465,157 thousand as of March 31, 2020[99]. - The fair value of available-for-sale securities, including Treasury notes and Federal agencies, totaled $314,069 thousand as of March 31, 2020[99]. - The Company recorded gross swap gains of $2,703 thousand and gross swap losses of $(2,703) thousand for the three months ended March 31, 2020, resulting in no net swap gains or losses[96]. Future Outlook - Forward-looking statements indicate that the company anticipates potential impacts from external factors, including the COVID-19 pandemic, which may affect future performance[149]. - The company is evaluating the impact of adopting new accounting standards, including ASU 2016-02 and ASU 2016-13, which may affect financial reporting and credit loss estimates[142][143].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2019 Commission file number 001‑38258 MERCHANTS BANCORP (Exact name of Registrant as specified in its charter) | INDIANA | 20‑5747400 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | 410 Monon Blvd. Carmel, In ...

NASDAQ: MBIN November 2019 Sandler O'Neill + Partners, L.P. 2019 East Coast Financial Services Conference Disclaimers This presentation may contain "forward-looking statements" within the meaning of meaning of Section 27A of the Securities Act, Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect management's current views with respect to, among other things, future events and our financial per ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _______________ Commission File No. 001-38258 MERCHANTS BANCORP (Exact name of registrant as specified in its charter) ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _______________ Commission File No. 001-38258 MERCHANTS BANCORP (Exact name of registrant as specified in its charter) India ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10‑Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _______________ Commission File No. 001-38258 MERCHANTS BANCORP (Exact name of registrant as specified in its charter) Indi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10‑K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2018 Commission file number 001‑38258 MERCHANTS BANCORP (Exact name of Registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) INDIANA 20‑5747400 11555 North Meridian Street, Suite 400 46032 (Address of p ...