U.S. Markets closed

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.

_____

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