PR Newswire
Merchants Bancorp told investors deposit growth was strong. The GAAP figures told a different story — brokered deposits had fallen roughly 50% year over year.
NEW YORK, May 20, 2026 /PRNewswire/ — Merchants Bancorp (NASDAQ: MBIN) investors lost 9.3% of their share value after Q1 2026 earnings revealed a funding picture that looked nothing like the one management had presented. The Company reported “strong deposit growth” to shareholders. Under GAAP, brokered deposits — a key component of that growth — had declined approximately 50% year over year.
Shareholders who lost money on MBIN are encouraged to submit their information to Levi & Korsinsky . You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
The Company’s public statements highlighted deposit expansion without breaking out the brokered-deposit component. When Q1 2026 results were released, the data showed brokered deposits had contracted by roughly half compared to the prior-year period. The stock fell over 9% as investors repriced the gap between the reported narrative and the underlying figures.
If you purchased Merchants Bancorp shares and suffered a loss, click here to discuss your legal rights with Levi & Korsinsky . You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
Levi & Korsinsky, LLP — Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered.
Frequently Asked Questions About the MBIN Investigation
Q: Who is eligible to participate in the MBIN investigation? A: Investors who purchased MBIN stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses — not on whether you still hold the shares.
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether Merchants Bancorp made materially false or misleading statements regarding the composition and sustainability of its deposit growth. When the actual brokered-deposit figures surfaced in Q1 2026 earnings, the stock price declined sharply.
Q: How much did MBIN stock drop? A: Shares fell approximately 9.3% after the company’s Q1 2026 earnings release revealed a roughly 50% year-over-year decline in brokered deposits and rising funding costs that had not been highlighted in prior public statements.
Q: What do MBIN investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.
Q: What happens after I contact Levi & Korsinsky? A: An attorney will review your trading history at no cost and provide an initial assessment of your potential recovery.
Q: What does it cost me to participate? A: Nothing. Securities investigations and any resulting actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: What if I already sold my MBIN shares — can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought MBIN and sold at a loss may still participate in the investigation.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
View original content to download multimedia:https://www.prnewswire.com/news-releases/merchants-bancorp-mbin-securities-fraud-investigation—levi–korsinsky-302777201.html
SOURCE Levi & Korsinsky, LLP
