Elser Financial Planning Loads Up on Merchants Bancorp Shares Worth $1.1 Billion

2 hours ago 2

Howard Smith, The Motley Fool

Sun, April 19, 2026 astatine 12:45 PM CDT 4 min read

Elser Financial Planning disclosed a caller presumption successful Merchants Bancorp (NASDAQ:MBIN) connected April 15, 2026, acquiring 26,983,101 shares successful the archetypal quarter. The estimated transaction worth was $1.10 billion, based connected quarterly mean pricing.

According to an SEC filing dated April 15, 2026, Elser Financial Planning acquired 26,983,101 shares of Merchants Bancorp during the archetypal quarter. The quarter-end worth of the caller presumption was $1.18 billion, reflecting some stock purchases and terms question implicit the period.

This was a caller presumption for Elser Financial Planning, representing 57.2% of its 13F reportable assets nether absorption aft the trade.

Top holdings pursuing the filing:

Merchants Bancorp: $1.18 cardinal (57.2% of AUM)
DFA Dimensional Core Fixed Income ETF: $177.7 cardinal (8.6% of AUM)
DFA Dimensional US Core Equity Market ETF: $89.4 cardinal (4.3% of AUM)
DFA Dimensional International Core Equity 2 ETF: $77.2 cardinal (3.7% of AUM)
DFA Dimensional US Equity Market ETF: $66 cardinal (3.2% of AUM)

As of April 15, 2026, shares of Merchants Bancorp were priced astatine $46.86, up 46.3% implicit the past year, outperforming the S&P 500 by 18.61 percent points.

Metric

Value

Revenue (TTM)	$1.4 billion
Net Income (TTM)	$219 million
Dividend Yield	0.87%
Price (as of marketplace adjacent 2026-04-15)	$46.86

Merchants Bancorp offers multi-family owe banking, owe warehousing, and a afloat suite of commercialized and user banking services, with important gross from government-sponsored owe origination and servicing.
The slope generates net done involvement income, fee-based owe banking, indebtedness syndication, and servicing, arsenic good arsenic deposit and lending operations crossed diversified banking segments.
It serves existent property developers, healthcare installation operators, non-depository fiscal institutions, and retail and concern banking clients, chiefly successful the United States.

Merchants Bancorp is simply a diversified determination fiscal instauration with a halfway absorption connected multi-family owe banking and commercialized lending. The institution leverages a specialized attack successful government-sponsored owe origination and servicing, complemented by robust warehousing and deposit-driven banking operations.

Elser Financial intelligibly has a batch of assurance successful Merchants Bancorp. The fiscal planner is based successful Indiana on with Merchants. Investment managers whitethorn cognize the concern well, and the ample acquisition appears to beryllium good timed. While it isn’t disclosed erstwhile successful Q1 Elser bought shares, Merchants banal is astatine its 2026 precocious arsenic of this writing.

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