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Video: Compound Annual Growth Rate (CAGR) Definition
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 |
| Date |
Open |
High |
Low |
Close |
Volume |
| 07/08/2026 |
$56.96 |
$57.04 |
$55.26 |
$56.13 |
135.60K | | 07/09/2026 |
$56.13 |
$57.08 |
$55.56 |
$56.60 |
73.60K | | 07/10/2026 |
$56.48 |
$57.14 |
$56.06 |
$57.02 |
93.90K | | 07/13/2026 |
$57.35 |
$57.71 |
$56.82 |
$57.42 |
93.00K | | 07/14/2026 |
$57.47 |
$57.82 |
$56.96 |
$57.05 |
92.90K |
 |
| Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. | |
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Mercantile Bank (MBWM) has the following price history information. Looking back at MBWM historical stock prices for the last five trading days, on July 08, 2026, MBWM opened at $56.96, traded as high as $57.04 and as low as $55.26, and closed at $56.13. Trading volume was a total of 135.60K shares. On July 09, 2026, MBWM opened at $56.13, traded as high as $57.08 and as low as $55.56, and closed at $56.60. Trading volume was a total of 73.60K shares. On July 10, 2026, MBWM opened at $56.48, traded as high as $57.14 and as low as $56.06, and closed at $57.02. Trading volume was a total of 93.90K shares. On July 13, 2026, MBWM opened at $57.35, traded as high as $57.71 and as low as $56.82, and closed at $57.42. Trading volume was a total of 93.00K shares. On July 14, 2026, MBWM opened at $57.47, traded as high as $57.82 and as low as $56.96, and closed at $57.05. Trading volume was a total of 92.90K shares.
MBWM Historical Stock Prices By Date:

Below, we examine the compound annual growth rate — CAGR for short — of an investment into Mercantile Bank shares, starting with a $10,000 purchase of MBWM, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
07/18/2016 |
|
| End date: |
07/14/2026 |
|
| Start price/share: |
$25.09 |
|
| End price/share: |
$57.05 |
|
| Starting shares: |
398.57 |
|
| Ending shares: |
581.36 |
|
| Dividends reinvested/share: |
$12.92 |
|
| Total return: |
231.67% |
|
| Average Annual Total Return: |
12.75% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$33,180.27 |
|
| Years: |
9.99 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
07/18/2016 |
|
| End date: |
07/14/2026 |
|
| Start price/share: |
$25.09 |
|
| End price/share: |
$57.05 |
|
| Dividends collected/share: |
$12.92 |
|
| Total return: |
178.88% |
|
| Average Annual Total Return: |
10.81% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$27,896.21 |
|
| Years: |
9.99 |
|
|
 |
| Date |
Close |
| 07/08/2026 | $56.13 | | 07/09/2026 | $56.60 | | 07/10/2026 | $57.02 | | 07/13/2026 | $57.42 | | 07/14/2026 | $57.05 |
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