04:52 PM EST, 01/28/2025 (MT Newswires) -- Merchants Bancorp ( MBIN ) reported Q4 earnings late Tuesday of $1.85 a diluted share, up from $1.58 a year earlier.

Three analysts polled by FactSet expected $1.27.

Revenue in the quarter ended Dec. 31, expressed as the sum of net interest income and total noninterest income, was $193.8 million, up from $158.8 million a year earlier.

Two Analysts surveyed by FactSet expected $158.8 million.

Shares of Merchants Bancorp ( MBIN ) were up more than 2% in recent after-hours activity.