Merchants Bancorp rises as Q3 profit beat estimates

Merchants Bancorp

27/10/2023 15:07

** Shares of Merchants Bancorp  MBIN.O  climb 6.4% to $28.33
    ** After market close on Thursday, bank reported Q3 profit
of $1.68/shr vs analysts' average estimate of $1.32/shr - LSEG
data
    ** Beat helped by a 38% jump in net interest income as co
saw strong demand for loans
    ** YTD as of last close, stock has risen 9.5%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))