Merchants Bancorp: Pay

Merchants Bancorp paid its 2 named executives $8.0M in total in FY2025 (Dec). CEO Michael R. Dury was paid $6.6M of that.

Pay$100 in the stock at the end of FY24 → $93
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Michael R. DuryPresident and Chief Executive Officer of Merchants Capital
FY2025 (Dec)Low confidence
1 year
Martin A. SchroeterPresident – Warehouse Lending
FY2025 (Dec)Low confidence
1 year

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 11 peers with pay on file was $3.8M. The CEO of Merchants Bancorp was paid $2.5M, 33% below the median.

  1. 1Walker & Dunlop
  2. 2Wsfs Financial
  3. 3Atlantic Union Bankshares
  4. 4Wafd
  5. 5CVB Financial
  6. 6Hope Bancorp
  7. 7Trustmark
  8. 8Provident Financial Services
  9. 9NBT Bancorp
  10. 10Merchants Bancorp
  11. 11First Merchants
  12. 12QCR Holdings
  13. 13BannerNot disclosed
  14. 14Customers BancorpNot disclosed
  15. 15Dime Community Bancshares Inc.Not disclosed
  16. 16Eastern BanksharesNot disclosed
  17. 17First Financial BancorpNot disclosed
  18. 18First Interstate BancsystemNot disclosed
  19. 19Independent BankNot disclosed
  20. 20Lakeland FinancialNot disclosed
  21. 21Texas Capital Bancshares Inc.Not disclosed
  22. 22United Bankshares Inc.Not disclosed
  23. 23WesbancoNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.