Meridian (MRBK) Rent Expense (2017 - 2026)
Meridian (MRBK) posted quarterly Rent Expense of $1.2 million for Q1 2026, down 11.58% year-over-year from $1.3 million in Q1 2025, and down 2.23% quarter-over-quarter from $1.2 million in Q4 2025.
Meridian (MRBK) Rent Expense (2017 - 2026) Analysis & Trends
Meridian (MRBK) has reported Rent Expense for 10 consecutive years, with $1.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Rent Expense fell 11.58% year-over-year to $1.2 million; the TTM figure through Mar 2026 stood at $4.4 million (down 27.3% YoY), while the FY2025 annual figure was $4.6 million, down 23.43% from the prior year.
- Rent Expense declined to $1.2 million in Q1 2026 per MRBK's latest filing, from $1.2 million in the prior quarter.
- Across five years, Rent Expense topped out at $2.3 million in Q4 2024 and bottomed at $991000.0 in Q3 2025.
- Historically, Rent Expense has averaged $1.3 million across 5 years, with a median of $1.2 million in 2023.
- Annual changes were most pronounced in 2024 — Rent Expense soared 84.25% — and 2025, when it tumbled 46.7%.
- Meridian's Rent Expense stood at $1.2 million in 2022, then climbed by 1.15% to $1.2 million in 2023, then jumped by 84.25% to $2.3 million in 2024, then sank by 46.7% to $1.2 million in 2025, then slipped by 2.23% to $1.2 million in 2026.
- Business Quant data shows MRBK's Rent Expense at $1.2 million in Q1 2026, $1.2 million in Q4 2025, and $991000.0 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.89 Bn | 84.69 Bn | - | - |
| 2 | Pnc Financial Services | 97.65 Bn | 97.65 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 95.97 Bn | 95.97 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.78 Bn | -144.31 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.01 Bn | -81.30 Bn | - | - |
| 7 | Nu Holdings | 71.04 Bn | 57.36 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.56 Bn | 61.56 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.63 Bn | 25.91 Bn | - | 154.00 Mn |
| 10 | Meridian | 233.98 Mn | 195.63 Mn | - | 1.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.17 Mn |
| Jun 30, 2026 | 1.17 Mn |
| Mar 31, 2026 | 1.18 Mn |
| Mar 31, 2026 | 1.18 Mn |
| Dec 31, 2025 | 1.21 Mn |
| Dec 31, 2025 | 1.21 Mn |
| Sep 30, 2025 | 991,000.00 |
| Sep 30, 2025 | 991,000.00 |
| Jun 30, 2025 | 1.04 Mn |
| Jun 30, 2025 | 1.04 Mn |
| Mar 31, 2025 | 1.34 Mn |
| Mar 31, 2025 | 1.34 Mn |
| Dec 31, 2024 | 2.27 Mn |
| Dec 31, 2024 | 2.27 Mn |
| Sep 30, 2024 | 1.24 Mn |
| Sep 30, 2024 | 1.24 Mn |
| Jun 30, 2024 | 1.23 Mn |
| Jun 30, 2024 | 1.23 Mn |
| Mar 31, 2024 | 1.23 Mn |
| Mar 31, 2024 | 1.23 Mn |