Merchants Bancorp: Q1 Earnings Snapshot

Published: 2026-04-28 16:37:11 ET MBIN

Published on 04/28/2026 at 04:37 pm EDT

CARMEL, Ind. (AP) — CARMEL, Ind. (AP) — Merchants Bancorp (MBIN) on Tuesday reported first-quarter net income of $67.7 million.

The Carmel, Indiana-based bank said it had earnings of $1.25 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.

The bank holding company posted revenue of $317.1 million in the period. Its revenue net of interest expense was $175.2 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $175.6 million.

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