BACKGROUND: Despite the increasing interest in abbreviated protocols, we adopted an extended protocol for all prostate MRIs. In this study, we assessed the benefits of an extended prostate MRI protocol, measured by the number and the clinical importance of additional findings (AFs) and their impact on patient management. METHODS: In a single-center study, we retrospectively included 1282 patients undergoing prostate MRI between 01.10.2018 and 30.04.2022. Additional findings were defined as any pathology not located in the prostate or the seminal vesicles. These were classified as related or unrelated to prostate cancer (PCa). The latter were divided into groups based on low, moderate, or high clinical significance (group 1, 2, and 3). A finding unrelated to PCa was judged to be clinically significant (group 2: moderate, group 3: high) if further diagnostic investigations, or treatment was necessary. The degree of urgency of the latter determined moderate and high significance. For group 3 findings, a change in management was defined as further workup. RESULTS: A total of 5206 AFs was recorded in 1240/1282 patients. One hundred and twenty-three (2.4% of all findings) extra-prostatic PCa related AFs were found in 106 (8.3% of all patients) patients. The remaining 5083 (97.6% of all findings) findings were not related to PCa, of which 3155 (60.6%), 1770 (34.0%), and 158 (3.0%) were assigned to groups 1, 2, and 3, respectively. A management shift was identified in 49 (3.8% of all patients) patients of group 3. CONCLUSION: The extended prostate MRI protocol shows a considerable prevalence of AFs of which more than a third are clinically significant, related or unrelated to PCa (groups 2 and 3). A substantial percentage (8.3%) of patients have extra-prostatic PCa-related AFs that change the patient's disease stage and management. However, a change in management due to AFs unrelated to PCA that belong to group 3 is observed in less than 4% of all patients. The choice between extended and abbreviated prostate MRI protocols should be made based on available resources.