CARMEL, Ind. (AP) — CARMEL, Ind. (AP) — Merchants Bancorp (MBIN) on Monday reported net income of $77.5 million in its fourth quarter.

The Carmel, Indiana-based bank said it had earnings of $1.58 per share.

The bank holding company posted revenue of $346.2 million in the period. Its revenue net of interest expense was $158.8 million, exceeding Street forecasts.

For the year, the company reported profit of $279.2 million, or $5.64 per share. Revenue was reported as $562.7 million.

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