AP NEWS

Merchants Bancorp: 2Q Earnings Snapshot

July 30, 2018

CARMEL, Ind. (AP) _ Merchants Bancorp (MBIN) on Monday reported net income of $15.7 million in its second quarter.

The Carmel, Indiana-based bank said it had earnings of 52 cents per share.

The bank holding company posted revenue of $45.8 million in the period. Its revenue net of interest expense was $33.8 million, which missed Street forecasts.

Merchants Bancorp shares have risen 34 percent since the beginning of the year.

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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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