Trade Mercantile Bank Corp - MBWM CFD

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40.15

7.89%

0.44

Low: 40.03

High: 41.05

Market Trading Hours* (UTC) Open now
Closes on Thursday at 20:00

Mon - Fri: 13:30 - 20:00

Summary
Historical Data

Trading сonditions

Spread

0.44

Long position overnight fee

-0.023624%

Short position overnight fee

0.001401%

Overnight fee time

21:00 (UTC)

Min traded quantity

0.1

Currency

USD

Margin

5.00%

Stock exchange

United States of America

Commission on trade

Key Stats

Prev. Close	43.59
Open	40.95
1-Year Change	11.43%
Day's Range	40.03 - 41.05

Last Week
Last Month
Last Year
Last two Years
Max

Daily
Weekly
Monthly

Date	Close	Change	Change (%)	Open	High	Low
Apr 2, 2025	43.59	1.59	3.79%	42.00	43.71	42.00
Apr 1, 2025	43.32	0.73	1.71%	42.59	43.47	42.59
Mar 31, 2025	43.38	1.12	2.65%	42.26	44.08	42.26
Mar 28, 2025	43.95	0.28	0.64%	43.67	45.15	43.67
Mar 27, 2025	44.76	1.25	2.87%	43.51	45.22	43.40
Mar 26, 2025	44.67	0.72	1.64%	43.95	45.07	43.80
Mar 25, 2025	44.45	0.62	1.41%	43.83	45.79	43.83
Mar 24, 2025	45.18	0.99	2.24%	44.19	45.33	44.19
Mar 21, 2025	44.08	0.93	2.16%	43.15	44.52	43.04
Mar 20, 2025	44.37	0.20	0.45%	44.17	45.27	43.76
Mar 19, 2025	44.93	0.55	1.24%	44.38	45.40	43.95
Mar 18, 2025	44.41	0.46	1.05%	43.95	44.57	43.65
Mar 17, 2025	44.40	0.49	1.12%	43.91	45.19	43.91
Mar 14, 2025	44.57	0.85	1.94%	43.72	44.73	43.72
Mar 13, 2025	43.61	0.42	0.97%	43.19	44.66	42.85
Mar 12, 2025	44.05	0.31	0.71%	43.74	44.45	43.15
Mar 11, 2025	43.72	-0.07	-0.16%	43.79	44.16	42.42
Mar 10, 2025	43.70	-0.76	-1.71%	44.46	45.08	43.70
Mar 7, 2025	45.40	0.78	1.75%	44.62	46.00	44.48
Mar 6, 2025	45.70	0.30	0.66%	45.40	46.14	44.05

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1:1
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Leverage

20:1

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Investment

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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