Merchants Bancorp annual operating expenses
2015
2016
2017
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2022
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2025
Merchants Bancorp Operating Expenses Growth & History (MBIN)
Merchants Bancorp's operating expenses was $299.9M for fiscal 2025.
View full Merchants Bancorp company overviewMerchants Bancorp annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $299.9M | $76.1M | +33.99% |
| 2024 | 2024-12-31 | $223.8M | $49.2M | +28.18% |
| 2023 | 2023-12-31 | $174.6M | $38.6M | +28.34% |
| 2022 | 2022-12-31 | $136.1M | $10.7M | +8.51% |
| 2021 | 2021-12-31 | $125.4M | $29.0M | +30.04% |
| 2020 | 2020-12-31 | $96.4M | $33.1M | +52.30% |
| 2019 | 2019-12-31 | $63.3M | $12.4M | +24.39% |
| 2018 | 2018-12-31 | $50.9M | $16.3M | +46.92% |
| 2017 | 2017-12-31 | $34.6M | $7.9M | +29.66% |
| 2016 | 2016-12-31 | $26.7M | $5.8M | +27.71% |
| 2015 | 2015-12-31 | $20.9M | — | — |
Merchants Bancorp quarterly operating expenses
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Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
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Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $73.2M | −$4.1M | −5.29% |
| Q1 2026 | 2026-03-31 | $75.6M | $14.0M | +22.67% |
| Q4 2025 | 2025-12-31 | $83.6M | $20.4M | +32.34% |
| Q3 2025 | 2025-09-30 | $77.3M | $15.9M | +25.98% |
| Q2 2025 | 2025-06-30 | $77.3M | $27.0M | +53.51% |
| Q1 2025 | 2025-03-31 | $61.7M | $12.8M | +26.07% |
| Q4 2024 | 2024-12-31 | $63.2M | $10.6M | +20.20% |
| Q3 2024 | 2024-09-30 | $61.3M | $18.4M | +42.83% |
| Q2 2024 | 2024-06-30 | $50.4M | $6.1M | +13.67% |
| Q1 2024 | 2024-03-31 | $48.9M | $14.1M | +40.66% |
| Q4 2023 | 2023-12-31 | $52.6M | $15.5M | +41.69% |
| Q3 2023 | 2023-09-30 | $42.9M | $8.0M | +22.83% |
| Q2 2023 | 2023-06-30 | $44.3M | $11.4M | +34.48% |
| Q1 2023 | 2023-03-31 | $34.8M | $3.7M | +12.05% |
| Q4 2022 | 2022-12-31 | $37.1M | −$537,000 | −1.43% |
| Q3 2022 | 2022-09-30 | $35.0M | $5.5M | +18.59% |
| Q2 2022 | 2022-06-30 | $33.0M | $4.8M | +16.94% |
| Q1 2022 | 2022-03-31 | $31.0M | $949,000 | +3.15% |
| Q4 2021 | 2021-12-31 | $37.6M | $10.2M | +37.07% |
| Q3 2021 | 2021-09-30 | $29.5M | $3.1M | +11.70% |
| Q2 2021 | 2021-06-30 | $28.2M | $7.9M | +38.96% |
| Q1 2021 | 2021-03-31 | $30.1M | $7.8M | +34.95% |
| Q4 2020 | 2020-12-31 | $27.5M | $8.6M | +45.81% |
| Q3 2020 | 2020-09-30 | $26.4M | $10.9M | +69.98% |
| Q2 2020 | 2020-06-30 | $20.3M | $4.4M | +27.40% |
| Q1 2020 | 2020-03-31 | $22.3M | $9.3M | +71.02% |
| Q4 2019 | 2019-12-31 | $18.8M | $2.7M | +16.41% |
| Q3 2019 | 2019-09-30 | $15.5M | $3.1M | +24.68% |
| Q2 2019 | 2019-06-30 | $15.9M | $3.9M | +32.67% |
| Q1 2019 | 2019-03-31 | $13.0M | $2.8M | +26.92% |
| Q4 2018 | 2018-12-31 | $16.2M | $5.4M | +49.82% |
| Q3 2018 | 2018-09-30 | $12.4M | $3.5M | +39.22% |
| Q2 2018 | 2018-06-30 | $12.0M | $3.7M | +45.26% |
| Q1 2018 | 2018-03-31 | $10.3M | $3.6M | +54.65% |
| Q4 2017 | 2017-12-31 | $10.8M | $3.4M | +46.26% |
| Q3 2017 | 2017-09-30 | $8.9M | $1.8M | +24.66% |
| Q2 2017 | 2017-06-30 | $8.3M | $1.9M | +29.56% |
| Q1 2017 | 2017-03-31 | $6.6M | $854,000 | +14.76% |
| Q4 2016 | 2016-12-31 | $7.4M | — | — |
| Q3 2016 | 2016-09-30 | $7.2M | — | — |
| Q2 2016 | 2016-06-30 | $6.4M | — | — |
| Q1 2016 | 2016-03-31 | $5.8M | — | — |
Merchants Bancorp operating expenses trends
Over the last five fiscal years, Merchants Bancorp's operating expenses increased from $96.4M to $299.9M, a change of $203.5M. The latest reported quarter, Q2 2026, shows $73.2M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Merchants Bancorp source filings ↗