Merchants Bancorp MBIN
NASDAQ MBIN
$52.49 -0.41 (-0.78%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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