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Merchants Bancorp: 3Q Earnings Snapshot

CARMEL, Ind. (AP) _ Merchants Bancorp (MBIN) on Wednesday reported third-quarter profit of $20.3 million.

The bank, based in Carmel, Indiana, said it had earnings of 60 cents per share.

The bank holding company posted revenue of $70.6 million in the period. Its revenue net of interest expense was $43.5 million, beating Street forecasts.

Merchants Bancorp shares have fallen 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.01, a fall of 28% in the last 12 months.

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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