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

Merchants Bancorp has reported Operating Expenses for 11 years, with the latest figure at $75.6 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 22.67% year-over-year to $75.6 million; the trailing twelve-month figure through Mar 2026 stood at $313.9 million (up 32.68% YoY), and the FY2025 full-year result 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.
• Average Operating Expenses over 5 years is $53.5 million, with a median of $50.4 million recorded in 2024.
• Year-over-year, Operating Expenses dropped 1.43% in 2022 and surged 53.51% in 2025.
• Tracing MBIN's Operating Expenses over 5 years: 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 retreated by 9.56% to $75.6 million in 2026.
• The last three Operating Expenses figures came in at $75.6 million (Q1 2026), $83.6 million (Q4 2025), and $77.2 million (Q3 2025), per Business Quant data.

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