Mercantile Bank (MBWM) Shares Outstanding (Diluted) (2010 - 2026)
Mercantile Bank's Shares Outstanding (Diluted) was 17.28 million in Q2 2026, up 6.4% from 16.24 million a year earlier and up 0.2% from the prior quarter.
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Analysis
Mercantile Bank (MBWM) Shares Outstanding (Diluted) (2010 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Mercantile Bank came in at 16.25 million, up 0.7% from FY2024.
- Shares Outstanding (Diluted) has now increased for three consecutive years, with a five-year compound annual growth rate of 0.0% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 16.13 million in FY2024 (+0.7%), 16.02 million in FY2023 (+1.0%), 15.86 million in FY2022 (-0.8%) and 15.99 million in FY2021 (-1.7%).
- The Q2 2026 figure marks the highest quarterly Shares Outstanding (Diluted) in data going back to Q2 2010.
- Compared with a year earlier, Shares Outstanding (Diluted) has increased for 14 straight quarters, with growth averaging 2.1% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q1 2026 (growth of 6.4%); the worst was Q1 2022 (a decline of 2.7%).
- Per Business Quant data, MBWM's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 17.24 million (Q1 2026), 16.25 million (Q4 2025) and 16.25 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 886.05 Bn | 915.53 Bn | - | 2.69 Bn |
| 2 | Banco Santander Chile | 409.93 Bn | 529.88 Bn | - | 26.92 Bn |
| 3 | Bank Of America | 377.01 Bn | -1,999.06 Bn | - | 7.29 Bn |
| 4 | Hsbc Holdings | 329.11 Bn | 329.16 Bn | - | 3.51 Bn |
| 5 | Morgan Stanley | 295.54 Bn | -213.55 Bn | - | 1.57 Bn |
| 6 | Royal Bank Of Canada | 273.59 Bn | 124.33 Bn | - | 1.41 Bn |
| 7 | Mitsubishi Ufj Financial | 268.33 Bn | -1,320.16 Bn | 10.89 Bn | 11.40 Bn |
| 8 | Goldman Sachs | 261.29 Bn | -3,295.82 Bn | - | 304.90 Mn |
| 9 | Wells Fargo & Company | 243.13 Bn | 245.26 Bn | - | 3.07 Bn |
| 10 | Mercantile Bank | 1.02 Bn | 1.02 Bn | - | 17.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.28 Mn |
| Mar 31, 2026 | 17.24 Mn |
| Dec 31, 2025 | 16.25 Mn |
| Sep 30, 2025 | 16.25 Mn |
| Jun 30, 2025 | 16.24 Mn |
| Mar 31, 2025 | 16.20 Mn |
| Dec 31, 2024 | 16.13 Mn |
| Sep 30, 2024 | 16.14 Mn |
| Jun 30, 2024 | 16.12 Mn |
| Mar 31, 2024 | 16.12 Mn |
| Dec 31, 2023 | 16.02 Mn |
| Sep 30, 2023 | 16.02 Mn |
| Jun 30, 2023 | 16.00 Mn |
| Mar 31, 2023 | 16.00 Mn |
| Dec 31, 2022 | 15.86 Mn |
| Sep 30, 2022 | 15.86 Mn |
| Jun 30, 2022 | 15.85 Mn |
| Mar 31, 2022 | 15.84 Mn |
| Dec 31, 2021 | 15.99 Mn |
| Sep 30, 2021 | 15.86 Mn |
API Access
Mercantile Bank Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "MBWM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();