02:11 PM EDT, 04/30/2024 (MT Newswires) -- Merchants Bancorp ( MBIN ) shares were up more than 3% in recent Tuesday trading, a day after the company reported better-than-expected Q1 results.

Late Monday, the company reported Q1 earnings of $1.80 per diluted share, up from $1.07 a year earlier.

Two analysts surveyed by Capital IQ expected $1.38.

Revenue, expressed as the sum of net interest and total noninterest income, was $167.9 million for the quarter ended March 31, up from nearly $115 million a year earlier.

Two analysts surveyed by Capital IQ expected $144.2 million.

Price: 40.65, Change: +1.38, Percent Change: +3.51