Merchants Bancorp (MBIN) Rent Expense (2016 - 2026)
Merchants Bancorp (MBIN) posted quarterly Rent Expense of $3.1 million for Q1 2026, up 31.05% year-over-year from $2.4 million in Q1 2025, and down 8.9% quarter-over-quarter from $3.4 million in Q4 2025.
Merchants Bancorp (MBIN) Rent Expense (2016 - 2026) Analysis & Trends
Merchants Bancorp's Rent Expense history runs 11 years deep, the most recent figure standing at $3.1 million for Q1 2026.
- In Q1 2026, Rent Expense rose 31.05% year-over-year to $3.1 million; the TTM figure through Mar 2026 stood at $11.4 million (up 25.32% YoY), while the FY2025 annual figure 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.
- The 5-year median for Rent Expense is $2.3 million (2024), against an average of $2.4 million.
- The sharpest annual moves came in 2024 and 2025: Rent Expense dropped 8.84% in 2024, then jumped 48.07% in 2025.
- Merchants Bancorp's Rent Expense stood at $2.4 million in 2022, then decreased by 1.72% to $2.3 million in 2023, then fell by 2.23% to $2.3 million in 2024, then jumped by 48.07% to $3.4 million in 2025, then decreased by 8.9% to $3.1 million in 2026.
- Business Quant data shows MBIN's Rent Expense at $3.1 million in Q1 2026, $3.4 million in Q4 2025, and $2.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 154.00 Mn |
| 10 | Merchants Bancorp | 2.49 Bn | 1.65 Bn | - | 3.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.46 Mn |
| Jun 30, 2026 | 3.46 Mn |
| Mar 31, 2026 | 3.08 Mn |
| Mar 31, 2026 | 3.08 Mn |
| Dec 31, 2025 | 3.38 Mn |
| Dec 31, 2025 | 3.38 Mn |
| Sep 30, 2025 | 2.45 Mn |
| Sep 30, 2025 | 2.45 Mn |
| Jun 30, 2025 | 2.49 Mn |
| Jun 30, 2025 | 2.49 Mn |
| Mar 31, 2025 | 2.35 Mn |
| Mar 31, 2025 | 2.35 Mn |
| Dec 31, 2024 | 2.28 Mn |
| Dec 31, 2024 | 2.28 Mn |
| Sep 30, 2024 | 2.23 Mn |
| Sep 30, 2024 | 2.23 Mn |
| Jun 30, 2024 | 2.24 Mn |
| Jun 30, 2024 | 2.24 Mn |
| Mar 31, 2024 | 2.24 Mn |
| Mar 31, 2024 | 2.24 Mn |