BUZZ-Merchants Bancorp jumps after Q4 profit tops expectations

** Shares of regional lender Merchants Bancorp MBIN.O jump as much as 10.2%; last up 8.8% at $43.26

** MBIN late Tuesday posted Q4 profit of $1.85/shr, comfortably beating Wall Street expectations of $1.29/shr, according to data compiled by LSEG

** Q4 non-interest income jumped 72% to $59.1 mln, far ahead of estimates of $27.7 mln

** The strong growth was powered by a 792% jump in loan-servicing fees during the quarter

** Meanwhile, Q4 provision for credit losses came in at $2.7 mln, compared with Street expectations of $8.4 mln

** MBIN stock fell 14.4% in 2024