CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.1% 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.
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38.25
0.9%
  • Summary
  • Historical Data
  • Events
  • Income Statement
  • Balance Sheet
  • Cash Flow
Trading сonditions
Spread 0.28
Long position overnight fee

Long position overnight fee


Margin. Your investment $1,000.00
Overnight fee -0.026179 %
Charges from full value of position ($-4.97)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
-0.026179%
Short position overnight fee

Short position overnight fee


Margin. Your investment $1,000.00
Overnight fee 0.003957 %
Charges from full value of position ($0.75)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
0.003957%
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* 37.91
Open* 36.19
1-Year Change* 16.52%
Day's Range* 36.19 - 38.42
52 wk Range 23.89-41.93
Average Volume (10 days) 74.91K
Average Volume (3 months) 971.87K
Market Cap 619.83M
P/E Ratio 7.53
Shares Outstanding 16.13M
Revenue 271.36M
EPS 5.13
Dividend (Yield %) 3.61944
Beta 1.02
Next Earnings Date Apr 16, 2024

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
Mar 27, 2024 37.91 1.89 5.25% 36.02 37.94 36.02
Mar 26, 2024 36.71 0.70 1.94% 36.01 37.06 36.01
Mar 25, 2024 36.72 -0.14 -0.38% 36.86 37.40 36.56
Mar 22, 2024 36.85 -0.35 -0.94% 37.20 37.24 36.75
Mar 21, 2024 37.39 0.40 1.08% 36.99 37.64 36.71
Mar 20, 2024 36.94 1.98 5.66% 34.96 37.41 34.96
Mar 19, 2024 35.49 0.53 1.52% 34.96 35.74 34.96
Mar 18, 2024 35.30 0.34 0.97% 34.96 35.87 34.96
Mar 15, 2024 35.68 0.47 1.33% 35.21 36.11 34.96
Mar 14, 2024 35.25 -0.67 -1.87% 35.92 36.08 35.03
Mar 13, 2024 36.34 -0.11 -0.30% 36.45 36.83 35.97
Mar 12, 2024 36.37 -0.36 -0.98% 36.73 36.73 36.02
Mar 11, 2024 36.76 -0.20 -0.54% 36.96 37.16 36.53
Mar 8, 2024 37.10 0.13 0.35% 36.97 37.70 36.86
Mar 7, 2024 37.08 0.12 0.32% 36.96 37.63 36.96
Mar 6, 2024 36.88 -0.05 -0.14% 36.93 37.51 35.76
Mar 5, 2024 38.62 0.89 2.36% 37.73 39.33 37.73
Mar 4, 2024 38.31 1.59 4.33% 36.72 39.61 36.71
Mar 1, 2024 36.34 0.38 1.06% 35.96 36.77 35.61
Feb 29, 2024 36.67 0.24 0.66% 36.43 37.21 36.41

Mercantile Events

Time (UTC) Country Event
Tuesday, April 16, 2024

Time (UTC)

12:30

Country

US

Event

Q1 2024 Mercantile Bank Corp Earnings Release
Q1 2024 Mercantile Bank Corp Earnings Release

Forecast

-

Previous

-
Friday, May 24, 2024

Time (UTC)

13:00

Country

US

Event

Mercantile Bank Corp Annual Shareholders Meeting
Mercantile Bank Corp Annual Shareholders Meeting

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
Sep 2023 Jun 2023 Mar 2023 Dec 2022 Sep 2022
Net Income Before Taxes 25.987 25.367 26.136 26.871 19.973
Net Income After Taxes 20.855 20.357 20.974 21.803 16.03
Net Income Before Extra. Items 20.855 20.357 20.974 21.803 16.03
Net Income 20.855 20.357 20.974 21.803 16.03
Income Available to Common Excl. Extra. Items 20.855 20.357 20.974 21.803 16.03
Income Available to Common Incl. Extra. Items 20.855 20.357 20.974 21.803 16.03
Diluted Net Income 20.855 20.357 20.974 21.803 16.03
Diluted Weighted Average Shares 16.0184 16.0034 15.9961 15.8883 15.8616
Diluted EPS Excluding Extraordinary Items 1.30194 1.27204 1.31119 1.37227 1.01062
Dividends per Share - Common Stock Primary Issue 0.34 0.33 0.33 0.32 0.32
Diluted Normalized EPS 1.32218 1.27214 1.31119 1.42359 1.01082
Interest Income, Bank 71.153 65.918 60.485 58.278 48.129
Total Interest Expense 22.192 18.367 12.101 7.621 5.753
Net Interest Income 48.961 47.551 48.384 50.657 42.376
Loan Loss Provision 3.3 2 0.6 3.05 2.9
Net Interest Income after Loan Loss Provision 45.661 45.551 47.784 47.607 39.476
Non-Interest Income, Bank 9.246 7.645 6.951 7.805 7.253
Non-Interest Expense, Bank -28.92 -27.829 -28.599 -28.541 -26.756
  • 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
Sep 2023 Jun 2023 Mar 2023 Dec 2022 Sep 2022
Total Assets 5251.01 5137.59 4895.87 4872.62 5016.93
Property/Plant/Equipment, Total - Net 52.231 52.291 51.51 51.476 52.117
Property/Plant/Equipment, Total - Gross 94.806 93.386 91.641 90.338 89.483
Accumulated Depreciation, Total -42.575 -41.095 -40.131 -38.862 -37.366
Goodwill, Net 49.473 49.473 49.473 49.473 49.473
Intangibles, Net 0.212 0.291 0.424 0.583 0.741
Other Long Term Assets, Total
Other Assets, Total 202.752 178.187 172.363 175.72 173.62
Accounts Payable 102.716 72.828 66.17 74.711 76.291
Total Liabilities 4767.8 4658.88 4428.5 4431.21 4600.67
Total Long Term Debt 138.358 138.101 137.844 137.586 137.329
Long Term Debt 138.358 138.101 137.844 137.586 137.329
Other Liabilities, Total
Total Equity 483.211 478.702 467.372 441.408 416.261
Preferred Stock - Non Redeemable, Net 0 0 0 0 0
Common Stock 293.961 292.906 291.516 290.436 289.219
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit) 262.838 247.313 232.123 216.313 199.505
Unrealized Gain (Loss) -73.588 -61.517 -56.267 -65.341 -72.463
Total Liabilities & Shareholders’ Equity 5251.01 5137.59 4895.87 4872.62 5016.93
Total Common Shares Outstanding 16.0233 16.018 16.0014 15.9949 15.8662
Accrued Expenses 4 3.8 3.9 3.5 4.1
  • 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

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08:23, 8 March 2024
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12:13, 20 February 2024

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