USA FINANCIAL FORMULAS

Position in MBIN — Merchants Bancorp

CIK 1534358 ADA, MI

Position in MBIN

as of Jun 30, 2026 · filed Aug 4, 2026 Compact

Position Value

$93,900

New position

Shares Held

1,878

first reported quarter

Ownership

0.004%

of shares outstanding

% of Portfolio

0.06%

of 13F equity value

Holder Rank

#133

of 189 holders

Holding Since

Jun 2026

1 quarter on record

Voting authority Sole 0% Shared 0% None 100%

Financial Services · as of Jun 30, 2026

USA FINANCIAL FORMULAS holds $436,532 across 4 Banks - Regional names. MBIN ranks #3 (21.5% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	PNC	Pnc Financial Services Group, Inc.	953	$234,647
2	VLY	Valley National Bancorp	6,510	$95,371
3	MBIN	Merchants Bancorp This page	1,878	$93,900
4	MTB	M&T Bank Corp	53	$12,614

1 filing row on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-06-30	$93,900	1,878	—	Shares	Sole	2026-08-04
No filing history on record for this holder in this stock.