By Elias Schisgall
Merchants Bancorp shares rose after the company launched a $100 million stock buyback program and reported fourth-quarter earnings ahead of Wall Street expectations.
Shares were trading up 15% at $40.17 on Thursday. The stock has fallen 5.1% in the past year.
The parent company of Merchants Bank of Indiana on Wednesday reported a profit of $67.8 million, or $1.28 a share, compared with a profit of $95.7 million, or $1.85 a share, a year earlier.
Analysts polled by FactSet were expecting earnings of 94 cents a share.
The company said the year-over-year decline in profit was driven by a 16% decline in net interest income after provision for credit losses, as well as an increase in noninterest expenses and a decrease in noninterest income. Those factors were offset by a decrease in provisions for income taxes.
The company also said its board had approved a $100 million stock buyback program expiring at the end of 2027.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
January 29, 2026 13:16 ET (18:16 GMT)
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