Merchants Bancorp (MBIN) Research & Development (2016 - 2026)
Merchants Bancorp (MBIN) posted quarterly Research & Development of $2.7 million for Q1 2026, up 12.85% year-over-year from $2.4 million in Q1 2025, and up 2.6% quarter-over-quarter from $2.6 million in Q4 2025.
Merchants Bancorp (MBIN) Research & Development (2016 - 2026) Analysis & Trends
Merchants Bancorp's Research & Development history runs 11 years deep, the most recent figure standing at $2.7 million for Q1 2026.
- In Q1 2026, Research & Development rose 12.85% year-over-year to $2.7 million; the TTM figure through Mar 2026 stood at $10.3 million (up 24.04% YoY), while the FY2025 annual figure was $10.0 million, up 28.39% from the prior year.
- Research & Development for Q1 2026 stood at $2.7 million, up from $2.6 million in the prior quarter.
- The five-year high for Research & Development was $2.7 million in Q1 2026, with the low at $1.2 million in Q1 2022.
- The 5-year median for Research & Development is $1.9 million (2024), against an average of $1.9 million.
- The sharpest annual moves came in 2022 and 2026: Research & Development jumped 34.29% in 2022, then climbed 12.85% in 2026.
- Merchants Bancorp's Research & Development stood at $1.4 million in 2022, then grew by 24.06% to $1.8 million in 2023, then climbed by 15.93% to $2.0 million in 2024, then advanced by 28.12% to $2.6 million in 2025, then advanced by 2.6% to $2.7 million in 2026.
- Business Quant data shows MBIN's Research & Development at $2.7 million in Q1 2026, $2.6 million in Q4 2025, and $2.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 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 | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 250.00 Mn |
| 10 | Merchants Bancorp | 2.49 Bn | 1.65 Bn | - | 2.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.89 Mn |
| Mar 31, 2026 | 2.68 Mn |
| Dec 31, 2025 | 2.61 Mn |
| Sep 30, 2025 | 2.61 Mn |
| Jun 30, 2025 | 2.45 Mn |
| Mar 31, 2025 | 2.37 Mn |
| Dec 31, 2024 | 2.04 Mn |
| Sep 30, 2024 | 2.07 Mn |
| Jun 30, 2024 | 1.86 Mn |
| Mar 31, 2024 | 1.85 Mn |
| Dec 31, 2023 | 1.76 Mn |
| Sep 30, 2023 | 1.61 Mn |
| Jun 30, 2023 | 1.57 Mn |
| Mar 31, 2023 | 1.58 Mn |
| Dec 31, 2022 | 1.42 Mn |
| Sep 30, 2022 | 1.33 Mn |
| Jun 30, 2022 | 1.30 Mn |
| Mar 31, 2022 | 1.24 Mn |
| Dec 31, 2021 | 1.12 Mn |
| Sep 30, 2021 | 1.17 Mn |