Mercantile Bank Corp Stock Price & Performance
MBWM · NASDAQ NMS - GLOBAL MARKETLive market data · Last updated: July 4, 2026 at 7:45 p.m. (ET). Prices shown in USD and for information only — not investment advice.
Mercantile Bank Corp (MBWM) is trading at $57.81 USD, down -1.85% today. It trades on NASDAQ NMS - GLOBAL MARKET in the Banking sector. Market capitalization is approximately $998.63M USD.
How we think about Mercantile Bank Corp at Evermore
Mercantile Bank Corp (MBWM) operates in the Banking sector and trades on NASDAQ NMS - GLOBAL MARKET. A single company — no matter how strong — carries concentration risk that a diversified portfolio does not. We generally frame any individual stock as one holding within a broader plan, sized so that a bad quarter for one company can't derail your goals.
How Mercantile Bank Corp is taxed for Canadian investors
For a Canadian holding a US-listed stock like MBWM, two taxes matter. Capital gains on a sale are 50% taxable in Canada (see capital gains tax). Dividends paid by a US company face a 15% US withholding tax under the Canada–US tax treaty (with a valid W-8BEN on file). Prices here are quoted in USD, so currency movements between the USD and the Canadian dollar also affect your real return.
Can you hold Mercantile Bank Corp in a TFSA or RRSP?
Yes — US-listed stocks are qualified investments for both. But the accounts are not equal for US dividends: inside an RRSP, US dividend withholding tax is waived under the treaty, while inside a TFSA the 15% withholding still applies and can't be recovered. For US dividend-payers, the RRSP is usually the more tax-efficient home.
Common Questions
What is Mercantile Bank Corp's (MBWM) stock price today?
Mercantile Bank Corp is trading at approximately $57.81 USD, down -1.85% on the day. Quotes update on a short cache and are for information only.
What is Mercantile Bank Corp's market capitalization?
Mercantile Bank Corp has a market capitalization of roughly $998.63M USD.
How are US stocks like MBWM taxed for Canadians?
Capital gains are 50% taxable in Canada. US dividends face a 15% US withholding tax under the Canada–US treaty (with a W-8BEN). The withholding is waived inside an RRSP but not inside a TFSA.
Can I hold MBWM in my TFSA or RRSP?
Yes — US-listed stocks are qualified investments for both. For US dividend-paying stocks, an RRSP is usually more tax-efficient because it avoids the 15% dividend withholding that a TFSA cannot recover.
Is Mercantile Bank Corp a good investment?
That depends on your plan, time horizon, and risk tolerance — and on how a single stock fits alongside your other holdings. Speak with a CFP® or CIM® before making a concentrated bet on any one company.
Talk to a CFP® or CIM® at Evermore
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