CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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
49.07
0.9%
  • Summary
  • Historical Data
Trading сonditions
Spread 0.21
Long position overnight fee

Long position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment -0.02629 %
Charges from full value of position ($-5.00)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
-0.02629%
Short position overnight fee

Short position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment 0.004068 %
Charges from full value of position ($0.77)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
0.004068%
Overnight fee time 21:00 (UTC)
Min traded quantity 1
Currency USD
Margin 5%
Stock exchange United States of America
Commission on trade 0%

Key Stats
Prev. Close 48.75
Open 47.45
1-Year Change 40.18%
Day's Range 47.45 - 50.33
  • Last Week
  • Last Month
  • Last Year
  • Last two Years
  • Max
  • Daily
  • Weekly
  • Monthly
Date Close Change Change (%) Open High Low
Jul 22, 2024 48.75 2.01 4.30% 46.74 49.11 46.74
Jul 19, 2024 47.81 0.81 1.72% 47.00 48.78 46.65
Jul 18, 2024 47.81 -0.42 -0.87% 48.23 49.79 47.66
Jul 17, 2024 49.45 1.77 3.71% 47.68 50.22 47.68
Jul 16, 2024 49.30 4.84 10.89% 44.46 49.49 44.46
Jul 15, 2024 43.97 1.39 3.26% 42.58 44.75 42.58
Jul 12, 2024 42.34 0.54 1.29% 41.80 43.33 41.80
Jul 11, 2024 42.26 2.30 5.76% 39.96 42.49 38.96
Jul 10, 2024 39.84 1.47 3.83% 38.37 39.88 38.28
Jul 9, 2024 39.01 1.00 2.63% 38.01 39.10 38.01
Jul 8, 2024 38.62 0.31 0.81% 38.31 38.87 38.21
Jul 5, 2024 38.16 -0.57 -1.47% 38.73 38.91 37.98
Jul 3, 2024 39.16 0.22 0.56% 38.94 39.91 38.94
Jul 2, 2024 40.10 1.53 3.97% 38.57 40.16 38.57
Jul 1, 2024 39.77 -0.43 -1.07% 40.20 40.44 39.74
Jun 28, 2024 40.38 1.81 4.69% 38.57 41.00 38.57
Jun 27, 2024 39.35 1.45 3.83% 37.90 39.37 37.89
Jun 26, 2024 38.20 1.84 5.06% 36.36 38.38 36.36
Jun 25, 2024 37.50 1.14 3.14% 36.36 37.75 36.36
Jun 24, 2024 37.72 0.76 2.06% 36.96 38.16 36.37

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

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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