Merchants Bancorp (MBIN) Rent Expense (2016 - 2026)

Merchants Bancorp's Rent Expense history runs 11 years deep, the most recent figure standing at $3.1 million for Q1 2026.

• On a quarterly basis, Rent Expense rose 31.05% year-over-year to $3.1 million in Q1 2026; TTM through Mar 2026 was $11.4 million, a 25.32% increase from a year earlier, with the FY2025 full-year figure at $10.7 million, up 18.79% from the prior year.
• Rent Expense eased to $3.1 million in Q1 2026 per MBIN's latest filing, from $3.4 million in the prior quarter.
• Across five years, Rent Expense topped out at $3.4 million in Q4 2025 and bottomed at $1.8 million in Q1 2022.
• The 5-year median for Rent Expense is $2.3 million (2024), against an average of $2.4 million.
• Across the five-year window, Rent Expense retreated 8.84% in 2024 and jumped 48.07% in 2025, its largest moves.
• Year by year, Rent Expense stood at $2.4 million in 2022, then slipped by 1.72% to $2.3 million in 2023, then retreated by 2.23% to $2.3 million in 2024, then surged by 48.07% to $3.4 million in 2025, then slipped by 8.9% to $3.1 million in 2026.
• Per Business Quant, the three latest MBIN Rent Expense figures stand at $3.1 million (Q1 2026), $3.4 million (Q4 2025), and $2.5 million (Q3 2025).