CARMEL, Ind. (AP) _ Merchants Bancorp (MBIN) on Thursday reported fourth-quarter earnings of $30.1 million.
The Carmel, Indiana-based bank said it had earnings of 92 cents per share.
The bank holding company posted revenue of $86.5 million in the period. Its revenue net of interest expense was $60.3 million, which topped Street forecasts.
For the year, the company reported profit of $77.3 million, or $2.37 per share. Revenue was reported as $169.4 million.
Merchants Bancorp shares have fallen 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.92, a drop of 16% in the last 12 months.