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
Country • Select Country
    Entity • The products and services listed on this website are not available to US residents.
    English العَرَبِيَّة Deutsch ελληνικά Español Français Italiano Magyar Nederlands Polski Română Русский 简体中文 繁體中文

    Trade Mercantile - MBWM CFD

    31.56
    1.87%
    • Summary
    • Historical Data
    • Events
    • Income Statement
    • Balance Sheet
    • Cash Flow
    • Ownership
    Trading Conditions
    Spread 0.19
    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* 30.98
    Open* 30.33
    1-Year Change* -1.11%
    Day's Range* 30.33 - 31.68
    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 22, 2023 30.98 -0.65 -2.06% 31.63 31.63 30.76
    Sep 21, 2023 31.39 0.72 2.35% 30.67 31.39 30.66
    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

    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

    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
    Leverage
    1:1
    • 20
    • 100
    • 500
    • 1000
    • 10000
    Investment
    Trade size (Leverage x Investement):
    Open

    Close

    Short Long
    Past performance is not a reliable indicator of future results For the avoidance of doubt, this calculation does not include the costs of holding a position overnight (for which there will be additional charges)
    Profit/Loss

    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

    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

    People also watch

    XRP/USD

    0.51 Price
    -0.250% 1D Chg, %
    Long position overnight fee -0.0753%
    Short position overnight fee 0.0069%
    Overnight fee time 21:00 (UTC)
    Spread 0.01192

    ETH/USD

    1,590.70 Price
    -0.190% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 21:00 (UTC)
    Spread 5.40

    Oil - Crude

    89.41 Price
    -0.770% 1D Chg, %
    Long position overnight fee 0.0538%
    Short position overnight fee -0.0757%
    Overnight fee time 21:00 (UTC)
    Spread 0.030

    US100

    14,771.10 Price
    +0.460% 1D Chg, %
    Long position overnight fee -0.0262%
    Short position overnight fee 0.0039%
    Overnight fee time 21:00 (UTC)
    Spread 1.8

    Still looking for a broker you can trust?

    Join the 555.000+ traders worldwide that chose to trade with Capital.com

    1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading