CARMEL, Ind. (AP) — CARMEL, Ind. (AP) — Merchants Bancorp (MBIN) on Tuesday reported second-quarter earnings of $78.3 million.
The bank, based in Carmel, Indiana, said it had earnings of $1.48 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The bank holding company posted revenue of $339.8 million in the period. Its revenue net of interest expense was $182.2 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $182 million.
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