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.

• 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 was $3.1 million for Q1 2026 at Merchants Bancorp, down from $3.4 million in the prior quarter.
• In the past five years, Rent Expense ranged from a high of $3.4 million in Q4 2025 to a low of $1.8 million in Q1 2022.
• Historically, Rent Expense has averaged $2.4 million across 5 years, with a median of $2.3 million in 2024.
• The sharpest annual moves came in 2024 and 2025: Rent Expense declined 8.84% in 2024, then surged 48.07% in 2025.
• A 5-year view of Rent Expense shows it 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.
• 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.