Merchants Bancorp: Q3 Earnings Snapshot
By AP News
Published - Oct 28, 2024, 04:29 PM ET
Last Updated - Dec 16, 2024, 05:55 PM EST
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.
