Merchants Bancorp (MBIN) Research & Development (2016 - 2026)
Merchants Bancorp's quarterly Research & Development came in at $2.7 million in Q1 2026, up 12.85% year-on-year from $2.4 million in Q1 2025, and up 2.6% quarter-over-quarter from $2.6 million in Q4 2025.
Merchants Bancorp has reported Research & Development for 11 years, with the latest figure at $2.7 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 12.85% year-over-year to $2.7 million; the trailing twelve-month figure through Mar 2026 stood at $10.3 million (up 24.04% YoY), and the FY2025 full-year result 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.
- Average Research & Development over 5 years is $1.9 million, with a median of $1.9 million recorded in 2024.
- Year-over-year, Research & Development jumped 34.29% in 2022 and rose 12.85% in 2026.
- Tracing MBIN's Research & Development over 5 years: stood at $1.4 million in 2022, then rose by 24.06% to $1.8 million in 2023, then increased by 15.93% to $2.0 million in 2024, then grew by 28.12% to $2.6 million in 2025, then grew by 2.6% to $2.7 million in 2026.
- The last three Research & Development figures came in at $2.7 million (Q1 2026), $2.6 million (Q4 2025), and $2.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 1.10 Mn |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 554,000.00 |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | - |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | - |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | - |
| 10 | Merchants Bancorp | 2.11 Bn | 1.48 Bn | - | 2.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 971,000.00 |
| Mar 31, 2021 | 937,000.00 |
| Dec 31, 2020 | 832,000.00 |
| Sep 30, 2020 | 903,000.00 |
| Jun 30, 2020 | 716,000.00 |
| Mar 31, 2020 | 610,000.00 |
| Dec 31, 2019 | 848,000.00 |
| Sep 30, 2019 | 674,000.00 |
| Jun 30, 2019 | 629,000.00 |
| Mar 31, 2019 | 472,000.00 |
| Dec 31, 2018 | 548,000.00 |
| Sep 30, 2018 | 412,000.00 |
| Jun 30, 2018 | 293,000.00 |
| Mar 31, 2018 | 291,000.00 |
| Dec 31, 2017 | 340,000.00 |
| Sep 30, 2017 | 325,000.00 |
| Jun 30, 2017 | 261,000.00 |
| Mar 31, 2017 | 245,000.00 |
| Dec 31, 2016 | 288,000.00 |
| Sep 30, 2016 | 276,000.00 |