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.

• 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 was $75.6 million for Q1 2026 at Merchants Bancorp, down from $83.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $83.6 million in Q4 2025 to a low of $31.0 million in Q1 2022.
• Historically, Operating Expenses has averaged $53.5 million across 5 years, with a median of $50.4 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses decreased 1.43% in 2022, then soared 53.51% in 2025.
• A 5-year view of Operating Expenses shows it 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.
• 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.