Merchants Bancorp: 2Q Earnings Snapshot
CARMEL, Ind. (AP) _ Merchants Bancorp (MBIN) on Tuesday reported second-quarter profit of $16.4 million.
The bank, based in Carmel, Indiana, said it had earnings of 51 cents per share.
The bank holding company posted revenue of $58.6 million in the period. Its revenue net of interest expense was $37.8 million, exceeding Street forecasts.
Merchants Bancorp shares have declined 13% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.42, a decrease of 34% in the last 12 months.