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

Merchants Bancorp's Tax Rate history runs 11 years deep, the most recent figure standing at 19.66% for Q1 2026.

• In Q1 2026, Tax Rate fell 421.0% year-over-year to 19.66%; the TTM figure through Mar 2026 stood at 12.54% (up 962.0% YoY), while the FY2025 annual figure was 13.55%, up 876.0% from the prior year.
• Tax Rate was 19.66% for Q1 2026 at Merchants Bancorp, up from 4.42% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 25.12% in Q2 2022 to a low of 38.97% in Q4 2024.
• Historically, Tax Rate has averaged 16.63% across 5 years, with a median of 23.51% in 2023.
• The sharpest annual moves came in 2024 and 2025: Tax Rate slumped 6108 bps in 2024, then jumped 3456 bps in 2025.
• A 5-year view of Tax Rate shows it stood at 23.67% in 2022, then slipped by 7 bps to 22.1% in 2023, then plunged by 276 bps to 38.97% in 2024, then soared by 89 bps to 4.42% in 2025, then soared 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.