CARMEL, Ind. (AP) — CARMEL, Ind. (AP) — Merchants Bancorp (MBIN) on Tuesday reported first-quarter net income of $67.7 million.
The Carmel, Indiana-based bank said it had earnings of $1.25 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The bank holding company posted revenue of $317.1 million in the period. Its revenue net of interest expense was $175.2 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $175.6 million.
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