Merchants Bancorp (MBIN) Tax Rate (2016 - 2026)

Merchants Bancorp has reported Tax Rate for 11 years, with the latest figure at 19.66% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate fell 421.0% year-over-year to 19.66%; the trailing twelve-month figure through Mar 2026 stood at 12.54% (up 962.0% YoY), and the FY2025 full-year result was 13.55%, up 876.0% from the prior year.
• Tax Rate for Q1 2026 stood at 19.66%, up from 4.42% in the prior quarter.
• The five-year high for Tax Rate was 25.12% in Q2 2022, with the low at 38.97% in Q4 2024.
• Average Tax Rate over 5 years is 16.63%, with a median of 23.51% recorded in 2023.
• Year-over-year, Tax Rate slumped 6108 bps in 2024 and soared 3456 bps in 2025.
• Tracing MBIN's Tax Rate over 5 years: stood at 23.67% in 2022, then dropped by 7 bps to 22.1% in 2023, then tumbled by 276 bps to 38.97% in 2024, then jumped by 89 bps to 4.42% in 2025, then jumped by 545 bps to 19.66% in 2026.
• The last three Tax Rate figures came in at 19.66% (Q1 2026), 4.42% (Q4 2025), and 15.3% (Q3 2025), per Business Quant data.

Peer Comparison