 Merchants Bancorp the Company or Merchants Nasdaq: MBIN, parent company of Merchants Bank of Indiana, today reported first quarter 2020 net income of 24.6 million, or 0.73 per common share. This compared to 10.6 million, or 0.34 per common share in the first quarter of 2019, and 30.1 million, or 0.92 per common share, in the fourth quarter of 2019. 