CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.12% 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

46.58
5.48%
Market Trading Hours* (UTC) Opens on Wednesday at 14:30

Mon - Fri: 14:30 - 21:00

  • Summary
  • Historical Data
Trading сonditions
Spread 0.34
Long position overnight fee

Long position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment -0.023346 %
Charges from full value of position ($-4.44)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
-0.023346%
Short position overnight fee

Short position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment 0.001124 %
Charges from full value of position ($0.21)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
0.001124%
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 44.16
Open 45.96
1-Year Change 18.03%
Day's Range 44.53 - 46.99
  • Last Week
  • Last Month
  • Last Year
  • Last two Years
  • Max
  • Daily
  • Weekly
  • Monthly
Date Close Change Change (%) Open High Low
Jan 21, 2025 46.58 1.68 3.74% 44.90 47.25 44.18
Jan 17, 2025 44.06 0.01 0.02% 44.05 44.34 43.50
Jan 16, 2025 43.70 0.03 0.07% 43.67 43.98 43.18
Jan 15, 2025 44.21 0.64 1.47% 43.57 44.99 43.55
Jan 14, 2025 43.24 1.11 2.63% 42.13 43.29 42.13
Jan 13, 2025 42.06 1.05 2.56% 41.01 42.14 41.01
Jan 10, 2025 41.57 -0.27 -0.65% 41.84 41.92 40.66
Jan 8, 2025 42.74 1.11 2.67% 41.63 42.94 41.63
Jan 7, 2025 42.76 -0.80 -1.84% 43.56 43.62 42.28
Jan 6, 2025 43.46 0.00 0.00% 43.46 44.34 42.74
Jan 3, 2025 44.00 0.19 0.43% 43.81 44.29 42.46
Jan 2, 2025 43.71 -0.76 -1.71% 44.47 44.96 43.38
Dec 31, 2024 44.44 0.44 1.00% 44.00 44.83 44.00
Dec 30, 2024 44.55 0.55 1.25% 44.00 44.74 43.95
Dec 27, 2024 44.62 0.67 1.52% 43.95 45.22 43.31
Dec 26, 2024 45.36 0.68 1.52% 44.68 45.55 44.65
Dec 24, 2024 45.12 -0.13 -0.29% 45.25 45.35 43.85
Dec 23, 2024 44.90 0.85 1.93% 44.05 45.54 44.05
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

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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