Merchants Bancorp (MBIN) Operating Expenses (2016 - 2026)
Merchants Bancorp (MBIN) posted Operating Expenses of $73.2 million for Q2 2026, down 3.16% on a QoQ basis from $75.6 million in Q1 2026, and down 5.29% year-over-year from $77.3 million in Q2 2025.
Analysis
Merchants Bancorp (MBIN) Operating Expenses (2016 - 2026) Analysis & Trends
Merchants Bancorp has reported Operating Expenses for 11 years, with the latest figure at $73.2 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 5.29% year-over-year to $73.2 million in Q2 2026; TTM through Jun 2026 was $309.8 million, a 17.55% increase from a year earlier, with the FY2025 full-year figure at $299.9 million, up 33.99% from the prior year.
- Operating Expenses was $73.2 million for Q2 2026 at Merchants Bancorp, down from $75.6 million in the prior quarter.
- The five-year high for Operating Expenses was $83.6 million in Q4 2025, with the low at $31.0 million in Q1 2022.
- Average Operating Expenses over 5 years is $54.6 million, with a median of $51.5 million recorded in 2023.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 53.51% in 2025, then retreated 5.29% in 2026.
- Over 5 years, Operating Expenses stood at $37.1 million in 2022, then soared by 41.69% to $52.6 million in 2023, then grew by 20.2% to $63.2 million in 2024, then jumped by 32.34% to $83.6 million in 2025, then fell by 12.43% to $73.2 million in 2026.
- The last three Operating Expenses figures came in at $73.2 million (Q2 2026), $75.6 million (Q1 2026), and $83.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 950.85 Bn | 950.85 Bn | - | -259.95 Bn |
| 2 | Truist Financial | 61.46 Bn | 61.46 Bn | - | 3.06 Bn |
| 3 | Fifth Third Bancorp | 49.43 Bn | 25.71 Bn | - | 2.11 Bn |
| 4 | M&T Bank | 34.72 Bn | 34.72 Bn | - | 1.35 Bn |
| 5 | Huntington Bancshares | 33.60 Bn | 29.07 Bn | - | 1.81 Bn |
| 6 | Citizens Financial | 29.31 Bn | 29.31 Bn | - | 1.39 Bn |
| 7 | Regions Financial | 25.53 Bn | 25.53 Bn | - | 1.12 Bn |
| 8 | First Citizens Bancshares | 24.60 Bn | 24.07 Bn | 29.00 Mn | 1.55 Bn |
| 9 | Keycorp | 23.26 Bn | -24.44 Bn | - | 1.22 Bn |
| 10 | Merchants Bancorp | 2.41 Bn | 1.57 Bn | - | 73.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.25 Mn |
| Mar 31, 2026 | 75.64 Mn |
| Dec 31, 2025 | 83.64 Mn |
| Sep 30, 2025 | 77.25 Mn |
| Jun 30, 2025 | 77.34 Mn |
| Mar 31, 2025 | 61.66 Mn |
| Dec 31, 2024 | 63.20 Mn |
| Sep 30, 2024 | 61.32 Mn |
| Jun 30, 2024 | 50.38 Mn |
| Mar 31, 2024 | 48.91 Mn |
| Dec 31, 2023 | 52.58 Mn |
| Sep 30, 2023 | 42.93 Mn |
| Jun 30, 2023 | 44.32 Mn |
| Mar 31, 2023 | 34.77 Mn |
| Dec 31, 2022 | 37.11 Mn |
| Sep 30, 2022 | 34.95 Mn |
| Jun 30, 2022 | 32.96 Mn |
| Mar 31, 2022 | 31.03 Mn |
| Dec 31, 2021 | 37.65 Mn |
| Sep 30, 2021 | 29.47 Mn |