Merchants Bancorp (MBIN) Operating Expenses (2016 - 2026)

Merchants Bancorp's Operating Expenses history runs 11 years deep, the most recent figure standing at $75.6 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 22.67% year-over-year to $75.6 million in Q1 2026; TTM through Mar 2026 was $313.9 million, a 32.68% increase from a year earlier, with the FY2025 full-year figure at $299.9 million, up 33.99% from the prior year.
• Operating Expenses fell to $75.6 million in Q1 2026 per MBIN's latest filing, from $83.6 million in the prior quarter.
• Across five years, Operating Expenses topped out at $83.6 million in Q4 2025 and bottomed at $31.0 million in Q1 2022.
• The 5-year median for Operating Expenses is $50.4 million (2024), against an average of $53.5 million.
• Across the five-year window, Operating Expenses dropped 1.43% in 2022 and surged 53.51% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $37.1 million in 2022, then surged by 41.69% to $52.6 million in 2023, then climbed by 20.2% to $63.2 million in 2024, then soared by 32.34% to $83.6 million in 2025, then fell by 9.56% to $75.6 million in 2026.
• Per Business Quant, the three latest MBIN Operating Expenses figures stand at $75.6 million (Q1 2026), $83.6 million (Q4 2025), and $77.2 million (Q3 2025).