MERCHANTS(MBINM) - 2024 Q4 - Annual Results

Exhibit 99.1 PRESS RELEASE Merchants Bancorp Reports Fourth Quarter 2024 Results For Release January 28, 2025 · Full year 2024 net income of $320.4 million set a new Company record, increasing 15% compared to 2023. · Full year 2024 diluted earnings per common share of $6.30 reached the highest level in Company history and increased 12% compared to 2023. · Fourth quarter 2024 net income of $95.7 million, increased 23% compared to fourth quarter of 2023 and increased 56% compared to the third quarter 2024, wh ...