Merchants Bancorp (MBIN) Interest Expense - Debt (2016 - 2026)
Merchants Bancorp (MBIN) recorded Interest Expense - Debt of $3.09 million in Q2 2026, down 57.8% from $7.32 million a year earlier but up 0.4% from the prior quarter.
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Analysis
Merchants Bancorp (MBIN) Interest Expense - Debt (2016 - 2026) Analysis & Trends
On a TTM basis, Merchants Bancorp's Interest Expense - Debt came in at $23.03 million as of Jun 30, 2026, down 28.7% year-over-year; for FY2025, it came in at $31.89 million, down 9.0% from FY2024.
- Annual Interest Expense - Debt has a five-year compound annual growth rate of 37.9% (FY2020 to FY2025).
- Across earlier years, Interest Expense - Debt came in at $35.05 million in FY2024 (+21.7%), $28.79 million in FY2023 (+563.2%), $4.34 million in FY2022 (-23.0%) and $5.64 million in FY2021 (-12.0%).
- Quarterly Interest Expense - Debt has ranged from -$8.35 million in Q4 2023 to $16.33 million in Q3 2023 over the past five years.
- On a year-over-year basis, Interest Expense - Debt rose in 1 of the last seven quarters, with an average decline of 28.5%.
- Peak year-over-year performance for Interest Expense - Debt in the last five years was growth of 492.9% in Q2 2023, against a decline of 60.1% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.08 million (Q1 2026), $8.81 million (Q4 2025) and $8.05 million (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.09 Mn |
| Mar 31, 2026 | 3.08 Mn |
| Dec 31, 2025 | 8.81 Mn |
| Sep 30, 2025 | 8.05 Mn |
| Jun 30, 2025 | 7.32 Mn |
| Mar 31, 2025 | 7.70 Mn |
| Dec 31, 2024 | 8.45 Mn |
| Sep 30, 2024 | 8.83 Mn |
| Jun 30, 2024 | 8.89 Mn |
| Mar 31, 2024 | 8.87 Mn |
| Dec 31, 2023 | -8.35 Mn |
| Sep 30, 2023 | 16.33 Mn |
| Jun 30, 2023 | 14.65 Mn |
| Mar 31, 2023 | 6.16 Mn |
| Dec 31, 2022 | -3.33 Mn |
| Sep 30, 2022 | 3.73 Mn |
| Jun 30, 2022 | 2.47 Mn |
| Mar 31, 2022 | 1.47 Mn |
| Dec 31, 2021 | 1.35 Mn |
| Sep 30, 2021 | 1.45 Mn |
API Access
Merchants Bancorp Interest Expense - Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expense-debt&ticker=MBIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-debt", "ticker": "MBIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expense-debt&ticker=MBIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();