CARMEL, Ind. (AP) _ Merchants Bancorp (MBIN) on Monday reported fourth-quarter net income of $55.2 million.

The bank, based in Carmel, Indiana, said it had earnings of $1.71 per share.

The bank holding company posted revenue of $122.9 million in the period. Its revenue net of interest expense was $113 million, beating Street forecasts.

For the year, the company reported profit of $227.1 million, or $7.14 per share. Revenue was reported as $435.3 million.

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