Merchants Bancorp Reports Strong Q4 Earnings, Exceeding Expectations

Merchants Bancorp (MBIN) announced its fourth-quarter financial results on Tuesday, reporting a profit of $95.7 million, surpassing analysts' forecasts.

Key Metrics:

* Earnings per share: $1.85, against an estimate of $1.27
* Revenue: $380.5 million, exceeding expectations of $159.8 million
* Revenue net of interest expense: $193.8 million

Full-Year Performance:

For the full year, Merchants Bancorp recorded a profit of $320.4 million or $6.30 per share. Revenue for the period reached $670.7 million.

Analyst Commentary:

"The results reflect continued solid execution by the company," said a Zacks Investment Research analyst. "The bank's strong loan growth and efficiency gains contributed to the positive performance."

For more insights, access theZacks stock report on MBIN at https://www.zacks.com/ap/MBIN