Michael F. Petrie Salary and Compensation - Merchants Bancorp CEO Salary 2025

In fiscal year 2025, Michael F. Petrie, Chairman of the Board and Chief Executive Officer of Merchants Bancorp (MBIN), received total compensation of $2.5 million.

Michael F. Petrie's compensation breakdown includes: base salary of $1 million, bonus of $750K, stock awards valued at $750K, non-equity incentive compensation of $100, and other compensation of $35K.

Compared to fiscal year 2024, Michael F. Petrie's total compensation decreased 14% from $2.9 million to $2.5 million.

Merchants Bancorp (MBIN) Executive Pay 2025

Merchants Bancorp's top 5 named executive officers received combined total compensation of $14.1 million in fiscal year 2025.

The named executive officers disclosed in Merchants Bancorp's 2025 proxy statement are:Michael F. Petrie (Chairman of the Board and Chief Executive Officer) with total compensation of $2.5 million, Michael R. Dury (President and Chief Executive Officer of Merchants Capital) with total compensation of $6.6 million, Michael J. Dunlap (President and Chief Operating Officer of the Company and President and Chief Executive Officer of Merchants Bank) with total compensation of $2.5 million, Martin A. Schroeter (President - Warehouse Lending) with total compensation of $1.4 million, and Sean A. Sievers (Executive Vice President and Chief Financial Officer) with total compensation of $1.1 million.