CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English
31.13
0.19%
  • Summary
  • Historical Data
  • Events
  • Income Statement
  • Balance Sheet
  • Cash Flow
  • Ownership
Trading Conditions
Spread 0.37
Long position overnight fee

Long position overnight fee


Margin. Your investment $1,000.00
Overnight fee -0.026151 %
Charges from full value of position ($-4.97)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
-0.026151%
Short position overnight fee

Short position overnight fee


Margin. Your investment $1,000.00
Overnight fee 0.003929 %
Charges from full value of position ($0.75)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
0.003929%
Overnight fee time 21:00 (UTC)
Min traded quantity 1
Currency USD
Margin 5%
Stock exchange United States of America
Commission on trade 0%

*Information provided by Capital.com

Mercantile Bank Corp ESG Risk Ratings

High Medium Low Negligible

‘C’ score indicates satisfactory relative ESG performance and moderate degree of transparency in reporting material ESG data publicly.

More ESG coverage

Key Stats
Prev. Close* 31.19
Open* 30.71
1-Year Change* -4.92%
Day's Range* 30.67 - 31.13
52 wk Range 23.89-37.00
Average Volume (10 days) 42.50K
Average Volume (3 months) 851.12K
Market Cap 525.72M
P/E Ratio 6.61
Shares Outstanding 16.02M
Revenue 232.81M
EPS 4.97
Dividend (Yield %) 4.14381
Beta 1.04
Next Earnings Date Oct 16, 2023

All data is provided by Refinitiv, except for data marked with an asterisk, which is *data provided by Capital.com

  • Last Week
  • Last Month
  • Last Year
  • Last two Years
  • Max
  • Daily
  • Weekly
  • Monthly
Date Close Change Change (%) Open High Low
Sep 20, 2023 31.19 0.11 0.35% 31.08 31.70 31.08
Sep 19, 2023 31.11 -0.69 -2.17% 31.80 32.02 31.07
Sep 18, 2023 31.34 -0.87 -2.70% 32.21 32.21 31.25
Sep 15, 2023 32.21 0.21 0.66% 32.00 32.85 32.00
Sep 14, 2023 32.71 0.71 2.22% 32.00 32.84 32.00
Sep 13, 2023 32.15 -0.24 -0.74% 32.39 32.83 32.06
Sep 12, 2023 32.72 0.33 1.02% 32.39 33.02 32.39
Sep 11, 2023 32.80 -0.11 -0.33% 32.91 33.04 32.60
Sep 8, 2023 32.91 0.38 1.17% 32.53 33.07 32.48
Sep 7, 2023 32.77 0.17 0.52% 32.60 33.06 32.44
Sep 6, 2023 33.05 0.07 0.21% 32.98 33.91 32.96
Sep 5, 2023 33.73 0.77 2.34% 32.96 33.86 32.96
Sep 1, 2023 34.20 1.28 3.89% 32.92 34.38 32.91
Aug 31, 2023 33.28 0.52 1.59% 32.76 33.42 32.76
Aug 30, 2023 33.37 0.11 0.33% 33.26 33.56 33.08
Aug 29, 2023 33.38 0.27 0.82% 33.11 33.55 33.11
Aug 28, 2023 33.30 0.19 0.57% 33.11 33.53 33.11
Aug 25, 2023 33.18 0.87 2.69% 32.31 33.75 32.31
Aug 24, 2023 33.42 0.81 2.48% 32.61 33.58 32.61
Aug 23, 2023 33.23 0.92 2.85% 32.31 33.32 32.31

Mercantile Events

Time (UTC) Country Event
Monday, October 16, 2023

Time (UTC)

09:00

Country

US

Event

Q3 2023 Mercantile Bank Corp Earnings Release
Q3 2023 Mercantile Bank Corp Earnings Release

Forecast

-

Previous

-
Monday, January 15, 2024

Time (UTC)

13:30

Country

US

Event

Q4 2023 Mercantile Bank Corp Earnings Release
Q4 2023 Mercantile Bank Corp Earnings Release

Forecast

-

Previous

-
View all events
  • Annual
  • Quarterly
2022 2021 2020 2019 2018
Net Income Before Taxes 75.79 73.716 54.848 60.46 51.822
Net Income After Taxes 61.063 59.021 44.138 49.456 42.024
Net Income Before Extra. Items 61.063 59.021 44.138 49.456 42.024
Net Income 61.063 59.021 44.138 49.456 42.024
Income Available to Common Excl. Extra. Items 61.063 59.021 44.138 49.456 42.024
Income Available to Common Incl. Extra. Items 61.063 59.021 44.138 49.456 42.024
Diluted Net Income 61.063 59.021 44.138 49.456 42.024
Diluted Weighted Average Shares 15.8599 15.9869 16.2693 16.4052 16.6064
Diluted EPS Excluding Extraordinary Items 3.85015 3.69185 2.71296 3.01466 2.53059
Dividends per Share - Common Stock Primary Issue 1.26 1.18 1.12 1.06 0.93
Diluted Normalized EPS 3.92706 3.84019 3.40792 3.01466 2.53059
Interest Income, Bank 181.839 143.494 148.313 158.337 141.981
Total Interest Expense 23.595 19.432 26.067 33.803 21.899
Net Interest Income 158.244 124.062 122.246 124.534 120.082
Loan Loss Provision 6.55 -4.3 1.75 1.1
Net Interest Income after Loan Loss Provision 151.694 128.362 122.246 122.784 118.982
Non-Interest Income, Bank 32.077 56.22 45.172 26.956 19.01
Non-Interest Expense, Bank -107.981 -110.866 -112.57 -89.28 -86.17
Total Extraordinary Items
Jun 2023 Mar 2023 Dec 2022 Sep 2022 Jun 2022
Net Income Before Taxes 25.367 26.136 26.871 19.973 14.625
Net Income After Taxes 20.357 20.974 21.803 16.03 11.737
Net Income Before Extra. Items 20.357 20.974 21.803 16.03 11.737
Net Income 20.357 20.974 21.803 16.03 11.737
Income Available to Common Excl. Extra. Items 20.357 20.974 21.803 16.03 11.737
Income Available to Common Incl. Extra. Items 20.357 20.974 21.803 16.03 11.737
Diluted Net Income 20.357 20.974 21.803 16.03 11.737
Diluted Weighted Average Shares 16.0034 15.9961 15.8883 15.8616 15.8487
Diluted EPS Excluding Extraordinary Items 1.27204 1.31119 1.37227 1.01062 0.74057
Dividends per Share - Common Stock Primary Issue 0.33 0.33 0.32 0.32 0.31
Diluted Normalized EPS 1.27214 1.31119 1.42359 1.01082 0.76588
Interest Income, Bank 65.918 60.485 58.278 48.129 39.55
Total Interest Expense 18.367 12.101 7.621 5.753 5.224
Net Interest Income 47.551 48.384 50.657 42.376 34.326
Loan Loss Provision 2 0.6 3.05 2.9 0.5
Net Interest Income after Loan Loss Provision 45.551 47.784 47.607 39.476 33.826
Non-Interest Income, Bank 7.645 6.951 7.805 7.253 7.741
Non-Interest Expense, Bank -27.829 -28.599 -28.541 -26.756 -26.942
  • Annual
  • Quarterly
2022 2021 2020 2019 2018
Total Assets 4872.62 5257.75 4437.34 3632.92 3363.91
Property/Plant/Equipment, Total - Net 51.476 57.298 58.959 57.327 48.321
Property/Plant/Equipment, Total - Gross 90.338 94.253 94.169 92.598 81.699
Accumulated Depreciation, Total -38.862 -36.955 -35.21 -35.271 -33.378
Goodwill, Net 49.473 49.473 49.473 49.473 49.473
Intangibles, Net 0.583 1.351 2.436 3.84 5.561
Other Assets, Total 175.72 129.509 116.73 103.109 101.105
Accounts Payable 74.711 24.644 24.309 22.414 25.232
Total Liabilities 4431.21 4801.19 3995.79 3216.35 2988.66
Total Long Term Debt 137.586 121.89 47.563 46.881 46.199
Long Term Debt 137.586 121.89 47.563 46.881 46.199
Total Equity 441.408 456.559 441.554 416.561 375.249
Preferred Stock - Non Redeemable, Net 0 0 0 0 0
Common Stock 290.436 285.752 302.029 305.035 308.005
Retained Earnings (Accumulated Deficit) 216.313 174.536 134.039 107.831 75.483
Unrealized Gain (Loss) -65.341 -3.729 5.486 3.695 -8.239
Total Liabilities & Shareholders’ Equity 4872.62 5257.75 4437.34 3632.92 3363.91
Total Common Shares Outstanding 15.9949 15.8399 16.3305 16.4251 16.5343
Accrued Expenses 3.5
Mar 2023 Dec 2022 Sep 2022 Jun 2022 Mar 2022
Total Assets 4895.87 4872.62 5016.93 5058.56 5175.9
Property/Plant/Equipment, Total - Net 51.51 51.476 52.117 51.402 56.078
Property/Plant/Equipment, Total - Gross 91.641 90.338 89.483 87.706 94.557
Accumulated Depreciation, Total -40.131 -38.862 -37.366 -36.304 -38.479
Goodwill, Net 49.473 49.473 49.473 49.473 49.473
Intangibles, Net 0.424 0.583 0.741 0.9 1.112
Other Long Term Assets, Total
Other Assets, Total 172.363 175.72 173.62 155.526 140.267
Accounts Payable 66.17 74.711 76.291 50.035 37.2
Total Liabilities 4428.5 4431.21 4600.67 4629.57 4739.43
Total Long Term Debt 137.844 137.586 137.329 137.042 136.843
Long Term Debt 137.844 137.586 137.329 137.042 136.843
Other Liabilities, Total
Total Equity 467.372 441.408 416.261 428.983 436.471
Preferred Stock - Non Redeemable, Net 0 0 0 0 0
Common Stock 291.516 290.436 289.219 288.199 286.831
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit) 232.123 216.313 199.505 188.452 181.532
Unrealized Gain (Loss) -56.267 -65.341 -72.463 -47.668 -31.892
Total Liabilities & Shareholders’ Equity 4895.87 4872.62 5016.93 5058.56 5175.9
Total Common Shares Outstanding 16.0014 15.9949 15.8662 15.8611 15.8434
Accrued Expenses 3.9 3.5 4.1 3 2.6
  • Annual
  • Quarterly
2022 2021 2020 2019 2018
Net income/Starting Line 61.063 59.021 44.138 49.456 42.024
Cash From Operating Activities 119.862 64.573 37.877 44.767 61.737
Cash From Operating Activities 12.945 13.678 9.425 9.553 9.766
Deferred Taxes -1.353 2.02 -4.141 0.026 -0.372
Non-Cash Items 2.252 1.877 2.543 -1.408 0.247
Cash Taxes Paid 11.2 20.352 27.703 32.103 21.569
Cash Interest Paid 21.765 17.55 10.95 11.975 10.075
Changes in Working Capital 44.955 -12.023 -14.088 -12.86 10.072
Cash From Investing Activities -554.999 -495.507 -398.806 -92.838 -210.48
Capital Expenditures -3.017 -5.602 -8.989 -13.484 -6.318
Other Investing Cash Flow Items, Total -551.982 -489.905 -389.817 -79.354 -204.162
Cash From Financing Activities -443.251 780.088 753.204 206.448 23.996
Financing Cash Flow Items -438.375 746.259 777.673 230.561 57.279
Total Cash Dividends Paid -19.602 -18.524 -17.93 -17.108 -27.5
Issuance (Retirement) of Stock, Net 0.081 -21.282 -6.539 -7.005 -5.783
Net Change in Cash -878.388 349.154 392.275 158.377 -124.747
Issuance (Retirement) of Debt, Net 14.645 73.635
Mar 2023 Dec 2022 Sep 2022 Jun 2022 Mar 2022
Net income/Starting Line 20.974 61.063 39.26 23.229 11.492
Cash From Operating Activities 18.065 119.862 82.793 49.997 27.888
Cash From Operating Activities 3.049 12.945 9.855 6.692 3.458
Non-Cash Items 1.009 2.252 1.543 1.274 0.523
Cash Taxes Paid 11.2 6 5.2
Cash Interest Paid 11.838 21.765 15.372 8.78 4.24
Changes in Working Capital -6.967 44.955 32.135 18.802 12.415
Cash From Investing Activities -57.136 -554.999 -502.996 -336.399 -151.13
Capital Expenditures -2.508 -3.017 -2.166 -0.399 -0.332
Other Investing Cash Flow Items, Total -54.628 -551.982 -500.83 -336 -150.798
Cash From Financing Activities 0.237 -443.251 -270.943 -209.653 -81.714
Financing Cash Flow Items 5.391 -438.375 -271.05 -214.726 -91.649
Total Cash Dividends Paid -5.164 -19.602 -14.607 -9.629 -4.812
Issuance (Retirement) of Stock, Net 0.01 0.081 0.069 0.057 0.046
Net Change in Cash -38.834 -878.388 -691.146 -496.055 -204.956
Deferred Taxes -1.353
Issuance (Retirement) of Debt, Net 0 14.645 14.645 14.645 14.701

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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

Income Statement

  • Annual
  • Quarterly

News

EUR/USD tests key support

EUR/USD is currently testing a key support level after the Federal Reserve indicated a potential extension of higher interest rates.

14:32, 21 September 2023
Bank of England building

BoE leaves rates unchanged, GBP drops further as investors look for more clarity

The Bank of England has left rates unchanged at 5.25% with a 5-4 vote split after CPI dropped more than expected in August

11:45, 21 September 2023
British banknotes and coins photographed directly above. The coins are in a stack, placed on top of the banknotes.

GBP softer after CPI surprise, JPY focused on any further hints from Ueda

GBP drops after a softer CPI reading scares investors about the BoE intentions. JPY on the lookout for further policy tweaks from Governor Ueda.

12:42, 20 September 2023

How to Trade The Break & Retest

In this week's instalment, we delve into the Break & Retest pattern—a strategic approach to navigating breakout trades. If you've wrestled with the frustration of false breakouts, incorporating this pattern into your trading toolkit may help you overcome this challenge and put you on the path to becoming a more confident and consistent trader.

11:59, 20 September 2023

Cable coils near lows ahead of Fed and BoE rate decisions

It’s a big week for Cable (GBP/USD) as both the Federal Reserve and the Bank of England are set to make crucial rate decisions.

14:16, 19 September 2023

FTSE 100 Technical Outlook - 18 September 2023

In prior technical outlooks, we highlighted the importance of staying alert in sleepy markets, and last Thursday’s developments on the FTSE 100 serve as a prime illustration of this principle.

06:55, 19 September 2023
View of the City of London’s illuminated financial district skyline at dusk

Market Analysis: FTSE 100 boosted by ECB rate hike end and iron ore rally

The FTSE 100 rose over 2% on Thursday as the ECB announced no more rate hikes for now.

13:46, 15 September 2023

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