DENALI ADVISORS LLC

Position in MBIN — Merchants Bancorp

CIK 1142941 SAN DIEGO, CA

Position in MBIN

as of Jun 30, 2026 · filed Aug 10, 2026 Compact

Position Value

$8,728,800

+$373,794 QoQ

Shares Held

174,576

-10.3% QoQ

Ownership

0.380%

of shares outstanding

% of Portfolio

0.90%

of 13F equity value

Holder Rank

#23

of 188 holders

Holding Since

Mar 2020

26 quarters on record

Voting authority Sole 23% Shared 0% None 77%

Financial Services · as of Jun 30, 2026

DENALI ADVISORS LLC holds $75,228,467 across 15 Banks - Regional names. MBIN ranks #2 (11.6% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	EFSC	Enterprise Financial Services Corp	135,100	$8,900,388
2	MBIN	Merchants Bancorp This page	174,576	$8,728,800
3	CATY	Cathay General Bancorp	140,297	$8,697,011
4	FRME	First Merchants Corp	194,500	$8,497,705
5	IBOC	International Bancshares Corp	108,480	$8,239,056
6	BY	Byline Bancorp, Inc.	185,516	$6,986,532
7	SRCE	1St Source Corp	80,900	$6,599,822
8	OFG	Ofg Bancorp	104,300	$5,118,001

26 filing rows on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-06-30	$8,728,800	174,576	-10.3%	Shares	Sole	2026-08-10
2026-03-31	$8,355,006	194,710	-18.1%	Shares	Sole	2026-05-08
2025-12-31	$8,093,132	237,614	-0.8%	Shares	Sole	2026-02-03
2025-09-30	$7,613,365	239,414	+19.4%	Shares	Sole	2025-11-07
2025-06-30	$6,630,865	200,510	+17.8%	Shares	Sole	2025-07-30
2025-03-31	$6,295,698	170,154	-6.8%	Shares	Sole	2025-05-05
2024-12-31	$6,659,640	182,606	+18.0%	Shares	Sole	2025-02-04
2024-09-30	$6,959,313	154,789	+19.8%	Shares	Sole	2024-11-13
2024-06-30	$5,238,740	129,224	+58.9%	Shares	Sole	2024-08-09
2024-03-31	$3,511,095	81,313	+0.8%	Shares	Sole	2024-04-19
2023-12-31	$3,433,353	80,633	-0.2%	Shares	Sole	2024-01-19
2023-09-30	$2,240,025	80,809	0.0%	Shares	Sole	2023-10-19
2023-06-30	$2,067,094	80,809	+38.1%	Shares	Sole	2023-07-18
2023-03-31	$1,523,470	58,505	-1.5%	Shares	Sole	2023-04-21
2022-12-31	$1,443,902	59,371	+1.4%	Shares	Sole	2023-02-09
2022-09-30	$1,350,863	58,555	+14.7%	Shares	Sole	2022-10-25
2022-06-30	$1,157,144	51,043	0.0%	Shares	Sole	2022-07-18
2022-03-31	$1,397,557	51,043	+97.6%	Shares	Sole	2022-04-19
2021-12-31	$1,222,485	25,829	+56.3%	Shares	Sole	2022-01-21
2021-09-30	$652,398	16,529	+79.1%	Shares	Sole	2021-10-12
2021-06-30	$362,145	9,229	+72.1%	Shares	Sole	2021-08-20
2021-03-31	$224,966	5,364	+0.8%	Shares	Sole	2021-04-26
2020-12-31	$146,991	5,320	-9.8%	Shares	Sole	2021-01-20
2020-09-30	$116,289	5,900	-37.2%	Shares	Sole	2020-10-16
2020-06-30	$173,621	9,390	-8.6%	Shares	Sole	2020-07-23
2020-03-31	$155,898	10,270	—	Shares	Sole	2020-04-23
No filing history on record for this holder in this stock.