Merchants Bancorp (MBIN) Non Operating Interest Expenses (2016 - 2024)
Merchants Bancorp (MBIN) posted Non Operating Interest Expenses of $187.1 million for Q1 2024, little changed on a QoQ basis from $187.4 million in Q4 2023, and up 69.18% year-over-year from $110.6 million in Q2 2023.
Analysis
Merchants Bancorp (MBIN) Non Operating Interest Expenses (2016 - 2024) Analysis & Trends
Merchants Bancorp has reported Non Operating Interest Expenses for 9 years, with the latest figure at $187.1 million in Q1 2024.
- On a quarterly basis, Non Operating Interest Expenses rose 69.18% year-over-year to $187.1 million in Q1 2024; TTM through Mar 2024 was $706.2 million, a 168.95% increase from a year earlier, with the FY2023 full-year figure at $629.7 million, up 288.04% from the prior year.
- Non Operating Interest Expenses was $187.1 million for Q1 2024 at Merchants Bancorp, roughly flat from $187.4 million in the prior quarter.
- The five-year high for Non Operating Interest Expenses was $187.4 million in Q4 2023, with the low at $7.6 million in Q1 2021.
- Average Non Operating Interest Expenses over 5 years is $63.0 million, with a median of $17.2 million recorded in 2022.
- The sharpest annual moves came in 2020 and 2023: Non Operating Interest Expenses slumped 66.87% in 2020, then surged 975.15% in 2023.
- Over 5 years, Non Operating Interest Expenses stood at $8.7 million in 2020, then increased by 13.47% to $9.8 million in 2021, then jumped by 774.1% to $86.0 million in 2022, then surged by 117.87% to $187.4 million in 2023, then fell by 0.17% to $187.1 million in 2024.
- The last three Non Operating Interest Expenses figures came in at $187.1 million (Q1 2024), $187.4 million (Q4 2023), and $179.2 million (Q3 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 950.85 Bn | 950.85 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 61.46 Bn | 61.46 Bn | - | 224.00 Mn |
| 3 | Fifth Third Bancorp | 49.43 Bn | 25.71 Bn | - | - |
| 4 | M&T Bank | 34.72 Bn | 34.72 Bn | - | - |
| 5 | Huntington Bancshares | 33.60 Bn | 29.07 Bn | - | - |
| 6 | Citizens Financial | 29.31 Bn | 29.31 Bn | - | - |
| 7 | Regions Financial | 25.53 Bn | 25.53 Bn | - | - |
| 8 | First Citizens Bancshares | 24.60 Bn | 24.07 Bn | 29.00 Mn | - |
| 9 | Keycorp | 23.26 Bn | -24.44 Bn | - | - |
| 10 | Merchants Bancorp | 2.41 Bn | 1.57 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 187.12 Mn |
| Dec 31, 2023 | 187.43 Mn |
| Sep 30, 2023 | 179.24 Mn |
| Jun 30, 2023 | 152.45 Mn |
| Mar 31, 2023 | 110.60 Mn |
| Dec 31, 2022 | 86.03 Mn |
| Sep 30, 2022 | 48.73 Mn |
| Jun 30, 2022 | 17.24 Mn |
| Mar 31, 2022 | 10.29 Mn |
| Dec 31, 2021 | 9.84 Mn |
| Sep 30, 2021 | 8.43 Mn |
| Jun 30, 2021 | 8.03 Mn |
| Mar 31, 2021 | 7.59 Mn |
| Dec 31, 2020 | 8.67 Mn |
| Sep 30, 2020 | 10.94 Mn |
| Jun 30, 2020 | 16.97 Mn |
| Mar 31, 2020 | 22.06 Mn |
| Dec 31, 2019 | 26.18 Mn |
| Sep 30, 2019 | 27.14 Mn |
| Jun 30, 2019 | 20.84 Mn |