Merchants Bancorp (MBIN) Technology and Communications (2016 - 2026)
Merchants Bancorp (MBIN) recorded Technology and Communications of $3.96 million in Q3 2026, up 51.8% from $2.61 million a year earlier and up 36.8% from the prior quarter.
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Analysis
Merchants Bancorp (MBIN) Technology and Communications (2016 - 2026) Analysis & Trends
On a TTM basis, Merchants Bancorp's Technology and Communications came in at $12.14 million as of Sep 30, 2026, up 28.3% year-over-year; for FY2025, it came in at $10.04 million, up 28.4% from FY2024.
- Annual Technology and Communications has increased for ten straight years, with a five-year compound annual growth rate of 26.8% (FY2020 to FY2025).
- Across earlier years, Technology and Communications came in at $7.82 million in FY2024 (+20.0%), $6.52 million in FY2023 (+23.3%), $5.28 million in FY2022 (+25.8%) and $4.2 million in FY2021 (+37.2%).
- The Q3 2026 figure is the highest quarterly Technology and Communications in data going back to Q3 2016.
- On a year-over-year basis, Technology and Communications has increased for 23 consecutive quarters, with growth averaging 26.6% over the last eight quarters.
- Across the past five years, year-over-year growth in Technology and Communications ran from 12.8% in Q1 2026 to 51.8% in Q3 2026.
- Per Business Quant, the preceding three quarters came in at $2.89 million (Q2 2026), $2.68 million (Q1 2026) and $2.61 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Technology (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 918.91 Bn | 918.91 Bn | - | 3.34 Bn |
| 2 | Banco Santander Chile | 870.35 Bn | 846.93 Bn | - | - |
| 3 | Bank Of America | 358.55 Bn | -2,017.56 Bn | - | 2.01 Bn |
| 4 | Hsbc Holdings | 315.74 Bn | -668.95 Bn | - | - |
| 5 | Morgan Stanley | 290.88 Bn | -253.14 Bn | - | 1.30 Bn |
| 6 | Royal Bank Of Canada | 287.92 Bn | 137.98 Bn | - | - |
| 7 | Goldman Sachs | 270.57 Bn | -3,472.88 Bn | - | 674.00 Mn |
| 8 | Wells Fargo & Company | 258.79 Bn | 258.79 Bn | - | - |
| 9 | Mitsubishi Ufj Financial | 247.94 Bn | 129.81 Bn | - | - |
| 10 | Merchants Bancorp | 2.45 Bn | -1.04 Bn | - | 2.89 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Merchants Bancorp Technology and Communications API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=technology-and-communications&ticker=MBIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "technology-and-communications", "ticker": "MBIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=technology-and-communications&ticker=MBIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();