Merchants Bancorp (MBIN) stock surged 8.27% in the pre-market trading session on Wednesday, driven by the company's impressive fourth-quarter earnings results. The regional bank reported quarterly adjusted earnings per share (EPS) of $1.85, significantly outpacing Wall Street's consensus estimate of $1.29 and the previous year's Q4 EPS of $1.58.

The strong financial performance was fueled by robust revenue growth, with the company's revenue soaring 27.5% year-over-year to $193.77 million, surpassing analysts' expectations of $158.80 million. Merchants Bancorp's growth across various business segments, coupled with effective cost management strategies, contributed to the impressive results.

Analysts have reacted positively to the earnings beat, with the current average rating on the stock being a "buy." Wall Street's median 12-month price target for Merchants Bancorp stands at $50.00, indicating potential further upside for the stock in the coming months.