Merchants Bancorp to Join S&P SmallCap 600 Index

TreeHouse Foods exits the index as Investindustrial acquires the company

Published on Feb. 6, 2026

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Merchants Bancorp (NASD: MBIN) will replace TreeHouse Foods Inc. (NYSE: THS) in the S&P SmallCap 600 index effective prior to the opening of trading on Wednesday, February 11, 2026. The change comes as Investindustrial S.A. and its affiliates acquire TreeHouse Foods in a pending deal.

Why it matters

Index changes like this can impact the visibility and trading volume of the affected stocks, potentially affecting their performance. The S&P SmallCap 600 is a widely followed benchmark for small-cap U.S. equities.

The details

Merchants Bancorp, a regional bank holding company, will join the S&P SmallCap 600 as TreeHouse Foods, a packaged foods company, exits the index. The changes will take effect before the market opens on February 11, 2026.

  • The changes will take effect before the market opens on February 11, 2026.
  • Investindustrial's acquisition of TreeHouse Foods is expected to be completed soon, pending final closing conditions.

The players

Merchants Bancorp

A regional bank holding company that will join the S&P SmallCap 600 index.

TreeHouse Foods Inc.

A packaged foods company that will exit the S&P SmallCap 600 index as it is acquired by Investindustrial S.A.

Investindustrial S.A.

A private equity firm that is acquiring TreeHouse Foods Inc.

S&P Dow Jones Indices

The company that manages the S&P SmallCap 600 index.

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What’s next

The changes to the S&P SmallCap 600 index will take effect before the market opens on February 11, 2026.

The takeaway

Index changes like this can impact the visibility and trading volume of the affected stocks, potentially affecting their performance. Investors should monitor how Merchants Bancorp and TreeHouse Foods perform after the index change.