MERCHANTS BANCORP IND

Ticker: MBIN CUSIP: 58844R108 Class: Common Stock

FJ Capital Management LLC's Holding History (CIK: 0001599170)

Note: Option positions (PUT/CALL) are excluded.

Q3 2025

Shares 297,156 Value ($000) $9,450 Avg Close $32.65 Range $28.58 - $35.81

Q2 2025

Shares 238,580 Value ($000) $7,890 Avg Close $32.10 Range $27.01 - $37.44

Q1 2025

Shares 316,190 Value ($000) $11,699 Avg Close $39.01 Range $33.76 - $43.31

Q2 2024

Shares 276,472 Value ($000) $11,208 Avg Close $40.30 Range $36.36 - $47.74

Q4 2023

Shares 44,123 Value ($000) $1,879 Avg Close $32.15 Range $25.21 - $43.00

Q3 2023

Shares 309,101 Value ($000) $8,568 Avg Close $28.16 Range $23.85 - $32.74

Q2 2023

Shares 296,513 Value ($000) $7,585 Avg Close $24.07 Range $20.90 - $27.23

Q1 2023

Shares 186,790 Value ($000) $4,864 Avg Close $26.87 Range $23.01 - $30.39

Q3 2021

Shares 15,000 Value ($000) $574 Avg Close $23.73 Range $21.48 - $26.14

Q1 2018

Shares 143,300 Value ($000) $3,081 Avg Close $12.86 Range $11.87 - $14.47

Q4 2017

Shares 143,300 Value ($000) $2,820 Avg Close $11.33 Range $9.85 - $13.31

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	297,156	$9,450	$32.65	$28.58 - $35.81
Q2 2025	238,580	$7,890	$32.10	$27.01 - $37.44
Q1 2025	316,190	$11,699	$39.01	$33.76 - $43.31
Q2 2024	276,472	$11,208	$40.30	$36.36 - $47.74
Q4 2023	44,123	$1,879	$32.15	$25.21 - $43.00
Q3 2023	309,101	$8,568	$28.16	$23.85 - $32.74
Q2 2023	296,513	$7,585	$24.07	$20.90 - $27.23
Q1 2023	186,790	$4,864	$26.87	$23.01 - $30.39
Q3 2021	15,000	$574	$23.73	$21.48 - $26.14
Q1 2018	143,300	$3,081	$12.86	$11.87 - $14.47
Q4 2017	143,300	$2,820	$11.33	$9.85 - $13.31