CARMEL, Ind. (AP) — CARMEL, Ind. (AP) — Merchants Bancorp (MBIN) on Monday reported third-quarter earnings of $61.3 million.
The Carmel, Indiana-based bank said it had earnings of $1.17 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The bank holding company posted revenue of $355.7 million in the period. Its revenue net of interest expense was $149.6 million, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $156.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBIN at https://www.zacks.com/ap/MBIN
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