CARMEL, Ind. (AP) — CARMEL, Ind. (AP) — Merchants Bancorp (MBIN) on Tuesday reported fourth-quarter profit of $95.7 million.
The bank, based in Carmel, Indiana, said it had earnings of $1.85 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The bank holding company posted revenue of $380.5 million in the period. Its revenue net of interest expense was $193.8 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $159.8 million.
For the year, the company reported profit of $320.4 million, or $6.30 per share. Revenue was reported as $670.7 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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