MERCHANTS BANCORP (MBIN)
Sector: Financials
Named Executive Officers
Compensation data for top executives (showing up to 3 years of data)
| Executive | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Comp | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Michael R. Dury President and Chief Executive Officer of Merchants Capital | 2025 | $330,000 | $6,303,158 | $0 | $0 | $100 | $14,500 | $6,647,758 |
| 2024 | $315,000 | $5,868,913 | $227,122 | $0 | $100 | $14,350 | $6,425,485 | |
| 2023 | $300,000 | $5,976,839 | $222,601 | $0 | $100 | $13,900 | $6,513,440 |
| Executive | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Comp | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Michael F. Petrie Chairman of the Board and Chief Executive Officer | 2025 | $1,000,000 | $750,000 | $750,006 | $0 | $100 | $34,589 | $2,534,695 |
| 2024 | $950,000 | $0 | $978,531 | $0 | $978,600 | $32,798 | $2,939,929 | |
| 2023 | $900,000 | $0 | $954,001 | $0 | $954,100 | $31,437 | $2,839,538 |
| Executive | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Comp | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Michael J. Dunlap President and Chief Operating Officer of the Company and President and Chief Executive Officer of Merchants Bank | 2025 | $975,000 | $731,250 | $731,260 | $0 | $100 | $14,500 | $2,452,110 |
| 2024 | $840,000 | $0 | $875,530 | $0 | $875,600 | $14,350 | $2,605,480 | |
| 2023 | $800,000 | $0 | $848,014 | $0 | $848,100 | $13,900 | $2,510,014 |
| Executive | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Comp | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Martin A. Schroeter President – Warehouse Lending | 2025 | $450,000 | $900,000 | $0 | $0 | $0 | $14,500 | $1,364,500 |
| 2024 | $420,000 | $840,000 | $0 | $0 | $100 | $14,350 | $1,274,450 | |
| 2023 | $400,000 | $588,000 | $0 | $0 | $212,100 | $13,900 | $1,214,000 |
| Executive | Year | Salary | Bonus | Stock Awards | Option Awards | Non-Equity Incentive Comp | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Sean A. Sievers Executive Vice President and Chief Financial Officer | 2025 | $625,000 | $234,375 | $234,393 | $0 | $96,346 | $14,500 | $1,108,268 |
| 2024 | $186,885 | $500,040 | $96,273 | $0 | $0 | $8,077 | $887,622 |