Quick Answer
Merchants Bancorp reported Shares Outstanding of 45.89 million shares for fiscal year 2025.
Merchants Bancorp Shares Outstanding — Annual History
| Fiscal Year | Shares Outstanding | YoY Change |
|---|---|---|
| 2025 | 45.89M | +0.3% |
| 2024 | 45.77M | +5.8% |
| 2023 | 43.24M | +0.3% |
| 2022 | 43.11M | -0.2% |
| 2021 | 43.18M | +0.1% |
| 2020 | 43.12M | +50.2% |
| 2019 | 28.71M | +0.0% |
| 2018 | 28.69M | +0.0% |
| 2017 | 28.69M | +35.9% |
| 2016 | 21.11M | — |
Quarterly Shares Outstanding
| Quarter Ending | Shares Outstanding | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | 45.89M | +0.3% | +0.0% |
| June 30, 2025 | 45.89M | +0.3% | +0.0% |
| March 31, 2025 | 45.88M | +5.8% | +0.3% |
| December 31, 2024 | 45.77M | +5.8% | +0.0% |
| September 30, 2024 | 45.76M | +5.8% | +0.0% |
| June 30, 2024 | 45.76M | +5.8% | +5.5% |
| March 31, 2024 | 43.35M | +0.3% | +0.3% |
| December 31, 2023 | 43.24M | +0.3% | +0.0% |
- Merchants Bancorp showed an increase of +0.3% in Shares Outstanding compared to the prior fiscal year.
- Over the 2016–2025 period, Merchants Bancorp’s shares outstanding has grown by 117.4% (from 21.11 million shares to 45.89 million shares).
- The most recent figure is from Merchants Bancorp’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 27, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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