Merchants Bancorp faces investigation after hiding deposit declines and rising costs, causing 9.3% stock drop.

Merchants Bancorp shareholders lost 9.3% of their investment value after the company's Q1 2026 earnings revealed a 50% drop in brokered deposits and increased funding costs, information not disclosed in prior filings. The company had previously portrayed deposit growth as strong, but the unexpected negative data led to a sharp market reaction. Levi & Korsinsky law firm is investigating possible securities law violations related to misleading statements about deposit stability and funding costs. Investors who suffered losses are encouraged to contact the firm for a free evaluation of their legal rights.