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

Merchants Bancorp has reported Rent Expense for 11 years, with the latest figure at $3.1 million in Q1 2026.

• For the quarter ending Q1 2026, Rent Expense rose 31.05% year-over-year to $3.1 million; the trailing twelve-month figure through Mar 2026 stood at $11.4 million (up 25.32% YoY), and the FY2025 full-year result was $10.7 million, up 18.79% from the prior year.
• Rent Expense for Q1 2026 stood at $3.1 million, down from $3.4 million in the prior quarter.
• The five-year high for Rent Expense was $3.4 million in Q4 2025, with the low at $1.8 million in Q1 2022.
• Average Rent Expense over 5 years is $2.4 million, with a median of $2.3 million recorded in 2024.
• Year-over-year, Rent Expense retreated 8.84% in 2024 and jumped 48.07% in 2025.
• Tracing MBIN's Rent Expense over 5 years: stood at $2.4 million in 2022, then dropped by 1.72% to $2.3 million in 2023, then decreased by 2.23% to $2.3 million in 2024, then soared by 48.07% to $3.4 million in 2025, then dropped by 8.9% to $3.1 million in 2026.
• The last three Rent Expense figures came in at $3.1 million (Q1 2026), $3.4 million (Q4 2025), and $2.5 million (Q3 2025), per Business Quant data.

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