BUZZ-Merchants Bancorp shares rise after releasing Q3 earnings report

October 29 - ** Merchants Bancorp (MBIN.O) shares surged 6.7% to $52.50

** The regional bank's net profit for the third quarter soared to $105.2 million from $54.7 million in the same period last year

** Net interest income increased by 13% to $144.2 million

** Raymond James analysts stated that strong core deposit growth is a positive factor, but near-term cost pressures and the reduction in balance sheet size may dampen expectations for earnings per share and pre-provision net income

** Including the day's gain, the stock is up 54% year-to-date

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