CARMEL, Ind. (AP) — CARMEL, Ind. (AP) — Merchants Bancorp (MBIN) on Monday reported net income of $87.1 million in its first quarter.
The bank, based in Carmel, Indiana, said it had earnings of $1.80 per share.
The bank holding company posted revenue of $355 million in the period. Its revenue net of interest expense was $167.9 million, exceeding Street forecasts.
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