CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Trade Mercantile Bank Corp - MBWM CFD

45.38
1.25%
Market Trading Hours* (UTC) Opens on Monday at 14:30

Mon: 14:30 - 21:00

Tue: 14:30 - 18:00

Thu - Fri: 14:30 - 21:00

  • Summary
  • Historical Data
Trading сonditions
Spread 0.27
Long position overnight fee

Long position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment -0.023374 %
Charges from full value of position ($-4.44)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
-0.023374%
Short position overnight fee

Short position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment 0.001151 %
Charges from full value of position ($0.22)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
0.001151%
Overnight fee time 22:00 (UTC)
Min traded quantity 0.1
Currency USD
Margin 5.00%
Stock exchange United States of America
Commission on trade 0%

Key Stats
Prev. Close 44.82
Open 44.77
1-Year Change 11.17%
Day's Range 44.77 - 45.82
  • Last Week
  • Last Month
  • Last Year
  • Last two Years
  • Max
  • Daily
  • Weekly
  • Monthly
Date Close Change Change (%) Open High Low
Dec 20, 2024 45.38 1.78 4.08% 43.60 45.87 43.60
Dec 19, 2024 44.82 -0.83 -1.82% 45.65 46.64 44.76
Dec 18, 2024 45.01 -1.22 -2.64% 46.23 48.48 44.48
Dec 17, 2024 47.90 0.82 1.74% 47.08 49.02 47.08
Dec 16, 2024 49.05 0.47 0.97% 48.58 49.19 47.59
Dec 13, 2024 48.99 -0.26 -0.53% 49.25 49.43 48.43
Dec 12, 2024 49.39 -0.66 -1.32% 50.05 50.34 49.39
Dec 11, 2024 50.68 1.48 3.01% 49.20 51.19 49.20
Dec 10, 2024 50.18 0.67 1.35% 49.51 50.95 48.86
Dec 9, 2024 49.79 0.20 0.40% 49.59 50.65 48.67
Dec 6, 2024 50.19 -0.02 -0.04% 50.21 50.41 48.54
Dec 5, 2024 50.54 0.43 0.86% 50.11 51.16 49.07
Dec 4, 2024 50.63 1.63 3.33% 49.00 50.87 48.42
Dec 3, 2024 49.93 1.54 3.18% 48.39 50.82 48.39
Dec 2, 2024 50.65 1.70 3.47% 48.95 50.67 47.98
Nov 29, 2024 49.99 -0.55 -1.09% 50.54 50.70 48.96
Nov 27, 2024 50.48 0.40 0.80% 50.08 51.01 49.23
Nov 26, 2024 50.03 0.56 1.13% 49.47 50.73 49.47
Nov 25, 2024 50.92 0.54 1.07% 50.38 52.45 50.38
Nov 22, 2024 50.17 1.15 2.35% 49.02 50.53 47.98

Trading calculator

Calculate your hypothetical P&L if you had opened a CFD trade on a certain date (select a date) and closed on a different date (select a date).

Trade commission
0
  • 1:1
  • 2:1
  • 3:1
  • 5:1
  • 10:1
  • 20:1
Leverage
20:1
  • 20
  • 100
  • 500
  • 1000
  • 10000
Investment
Trade size (Leverage x Investement):
Open

Close

Short Long

For the avoidance of doubt, this calculation does not include the costs of holding a position overnight (for which there will be additional charges)

Mercantile Company profile

About Mercantile Bank Corp.

Mercantile Bank Corporation is a bank holding company. The Company owns the Mercantile Bank of Michigan and other subsidiaries. The Company's bank is a state banking company. Its bank provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The Company's bank enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. The Company's bank also provides courier service to certain commercial customers, and safe deposit facilities are available at its office locations. The Mercantile Insurance Center, Inc., is its insurance company, which provides insurance products, such as private passenger automobile, homeowners, personal inland marine, and such products. The Mercantile Bank Real Estate Co., L.L.C. is its real estate company.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Mercantile Bank Corp. interest income decreased 3% to $143.5M. Net interest income after loan loss provision increased 5% to $128.4M. Net income increased 34% to $59M. Net interest income after loan loss provision reflects Securities, tax-exempt increase of 4% to $2.4M, Other interest-earning assets increase of 7% to $933K.

Equity composition

Common Stock no Par, 03/11, 20M auth., 8,597,993 issd., Insiders & Stakeholder owns 17.26%. IPO: 10/29/97, 1,300,000 shs. @ $10.00 by Roney & Co. PO: 8/13/98, 977,500 shs. @ $15.75 by Roney & Co. 04/07, 04/06, 7/05, 4/04, 1/03, 1/02,1/01, 5% stock dividends.

Industry: Corporate Banks

310 Leonard St NW
GRAND RAPIDS
MICHIGAN 49504
US

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