Merchants Bancorp (MBIN) Operating Expenses (2016 - 2026)
Merchants Bancorp (MBIN) posted quarterly Operating Expenses of $75.6 million for Q1 2026, up 22.67% year-over-year from $61.7 million in Q1 2025, and down 9.56% quarter-over-quarter from $83.6 million in Q4 2025.
Merchants Bancorp (MBIN) Operating Expenses (2016 - 2026) Analysis & Trends
Merchants Bancorp's Operating Expenses history runs 11 years deep, the most recent figure standing at $75.6 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 22.67% year-over-year to $75.6 million; the TTM figure through Mar 2026 stood at $313.9 million (up 32.68% YoY), while the FY2025 annual figure was $299.9 million, up 33.99% from the prior year.
- Operating Expenses for Q1 2026 stood at $75.6 million, down from $83.6 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.
- The 5-year median for Operating Expenses is $50.4 million (2024), against an average of $53.5 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses retreated 1.43% in 2022, then surged 53.51% in 2025.
- Merchants Bancorp's Operating Expenses stood at $37.1 million in 2022, then jumped by 41.69% to $52.6 million in 2023, then advanced by 20.2% to $63.2 million in 2024, then surged by 32.34% to $83.6 million in 2025, then declined by 9.56% to $75.6 million in 2026.
- Business Quant data shows MBIN's Operating Expenses at $75.6 million in Q1 2026, $83.6 million in Q4 2025, and $77.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 2.11 Bn |
| 10 | Merchants Bancorp | 2.49 Bn | 1.65 Bn | - | 73.25 Mn |
Historic Data
Download 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 |