MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

ROYAL BANK OF CANADA's Holding History (CIK: 0001000275)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 29,140 Value ($000) $1,401 Avg Close $45.87 Range $42.41 - $50.41

Q3 2025

Shares 29,581 Value ($000) $1,332 Avg Close $46.86 Range $43.03 - $49.73

Q2 2025

Shares 60,011 Value ($000) $2,786 Avg Close $42.36 Range $36.85 - $47.07

Q1 2025

Shares 68,824 Value ($000) $2,989 Avg Close $45.00 Range $39.27 - $50.23

Q4 2024

Shares 65,203 Value ($000) $2,901 Avg Close $44.75 Range $39.26 - $50.92

Q3 2024

Shares 63,139 Value ($000) $2,760 Avg Close $42.22 Range $36.25 - $48.82

Q2 2024

Shares 69,547 Value ($000) $2,821 Avg Close $35.44 Range $31.60 - $39.19

Q1 2024

Shares 75,399 Value ($000) $2,903 Avg Close $35.78 Range $32.03 - $40.05

Q4 2023

Shares 92,692 Value ($000) $3,742 Avg Close $32.54 Range $27.90 - $39.22

Q3 2023

Shares 81,258 Value ($000) $2,511 Avg Close $30.06 Range $24.71 - $33.68

Q2 2023

Shares 85,470 Value ($000) $2,360 Avg Close $25.19 Range $21.63 - $28.94

Q1 2023

Shares 86,187 Value ($000) $2,635 Avg Close $30.13 Range $26.60 - $33.18

Q4 2022

Shares 100,388 Value ($000) $3,360 Avg Close $29.85 Range $26.67 - $32.30

Q3 2022

Shares 100,411 Value ($000) $2,984 Avg Close $29.44 Range $25.99 - $34.34

Q2 2022

Shares 117,800 Value ($000) $3,764 Avg Close $28.27 Range $26.23 - $31.41

Q1 2022

Shares 92,347 Value ($000) $3,272 Avg Close $32.39 Range $30.19 - $34.58

Q4 2021

Shares 74,535 Value ($000) $2,611 Avg Close $29.90 Range $27.52 - $31.97

Q3 2021

Shares 85,127 Value ($000) $2,726 Avg Close $26.36 Range $24.18 - $28.25

Q2 2021

Shares 112,489 Value ($000) $3,397 Avg Close $26.87 Range $25.15 - $28.09

Q1 2021

Shares 123,544 Value ($000) $4,012 Avg Close $25.18 Range $22.28 - $28.98

Q4 2020

Shares 103,370 Value ($000) $2,809 Avg Close $19.74 Range $14.70 - $23.37

Q3 2020

Shares 184,980 Value ($000) $3,333 Avg Close $17.10 Range $14.08 - $19.75

Q2 2020

Shares 197,337 Value ($000) $4,460 Avg Close $17.76 Range $14.98 - $20.99

Q1 2020

Shares 194,997 Value ($000) $4,128 Avg Close $24.07 Range $15.19 - $29.58

Q4 2019

Shares 173,228 Value ($000) $6,317 Avg Close $27.83 Range $24.96 - $29.70

Q3 2019

Shares 195,397 Value ($000) $6,409 Avg Close $25.24 Range $23.31 - $26.97

Q2 2019

Shares 191,364 Value ($000) $6,234 Avg Close $25.50 Range $23.74 - $26.93

Q1 2019

Shares 217,208 Value ($000) $7,107 Avg Close $25.60 Range $21.46 - $27.59

Q4 2018

Shares 140,386 Value ($000) $3,968 Avg Close $23.28 Range $20.34 - $26.17

Q3 2018

Shares 154,939 Value ($000) $5,171 Avg Close $26.41 Range $24.55 - $28.44

Q2 2018

Shares 161,249 Value ($000) $5,960 Avg Close $26.43 Range $24.25 - $28.08

Q1 2018

Shares 220,880 Value ($000) $7,344 Avg Close $25.60 Range $23.81 - $27.39

Q4 2017

Shares 201,607 Value ($000) $7,131 Avg Close $26.15 Range $24.52 - $27.67

Q3 2017

Shares 199,796 Value ($000) $6,972 Avg Close $22.92 Range $21.01 - $26.06

Q2 2017

Shares 232,567 Value ($000) $7,321 Avg Close $23.48 Range $21.84 - $25.88

Q1 2017

Shares 227,006 Value ($000) $7,809 Avg Close $24.07 Range $21.88 - $27.11

Q4 2016

Shares 164,341 Value ($000) $6,196 Avg Close $22.21 Range $18.55 - $27.62

Q3 2016

Shares 154,980 Value ($000) $4,161 Avg Close $18.07 Range $16.30 - $19.60

Q2 2016

Shares 152,680 Value ($000) $3,643 Avg Close $16.40 Range $14.56 - $17.56

Q1 2016

Shares 149,401 Value ($000) $3,349 Avg Close $15.54 Range $14.31 - $16.73

Q4 2015

Shares 157,836 Value ($000) $3,873 Avg Close $16.07 Range $13.15 - $17.93

Q3 2015

Shares 115,408 Value ($000) $2,398 Avg Close $13.89 Range $12.48 - $14.88

Q2 2015

Shares 51,622 Value ($000) $1,105 Avg Close $13.68 Range $13.02 - $14.91

Q1 2015

Shares 40,415 Value ($000) $790 Avg Close $12.97 Range $12.52 - $14.18

Q4 2014

Shares 49,607 Value ($000) $1,043 Avg Close $13.18 Range $12.41 - $14.87

Q3 2014

Shares 39,045 Value ($000) $744 Avg Close $13.06 Range $12.14 - $15.56

Q2 2014

Shares 39,045 Value ($000) $893 Avg Close $13.00 Range $10.96 - $15.18

Q1 2014

Shares 39,045 Value ($000) $805 Avg Close $12.36 Range $11.23 - $13.27

Q4 2013

Shares 39,045 Value ($000) $843 Avg Close $12.77 Range $11.84 - $13.37

Q3 2013

Shares 39,171 Value ($000) $853 Avg Close $11.85 Range $10.54 - $13.30

Q2 2013

Shares 39,045 Value ($000) $702 Avg Close $9.96 Range $9.67 - $10.62

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	29,140	$1,401	$45.87	$42.41 - $50.41
Q3 2025	29,581	$1,332	$46.86	$43.03 - $49.73
Q2 2025	60,011	$2,786	$42.36	$36.85 - $47.07
Q1 2025	68,824	$2,989	$45.00	$39.27 - $50.23
Q4 2024	65,203	$2,901	$44.75	$39.26 - $50.92
Q3 2024	63,139	$2,760	$42.22	$36.25 - $48.82
Q2 2024	69,547	$2,821	$35.44	$31.60 - $39.19
Q1 2024	75,399	$2,903	$35.78	$32.03 - $40.05
Q4 2023	92,692	$3,742	$32.54	$27.90 - $39.22
Q3 2023	81,258	$2,511	$30.06	$24.71 - $33.68
Q2 2023	85,470	$2,360	$25.19	$21.63 - $28.94
Q1 2023	86,187	$2,635	$30.13	$26.60 - $33.18
Q4 2022	100,388	$3,360	$29.85	$26.67 - $32.30
Q3 2022	100,411	$2,984	$29.44	$25.99 - $34.34
Q2 2022	117,800	$3,764	$28.27	$26.23 - $31.41
Q1 2022	92,347	$3,272	$32.39	$30.19 - $34.58
Q4 2021	74,535	$2,611	$29.90	$27.52 - $31.97
Q3 2021	85,127	$2,726	$26.36	$24.18 - $28.25
Q2 2021	112,489	$3,397	$26.87	$25.15 - $28.09
Q1 2021	123,544	$4,012	$25.18	$22.28 - $28.98
Q4 2020	103,370	$2,809	$19.74	$14.70 - $23.37
Q3 2020	184,980	$3,333	$17.10	$14.08 - $19.75
Q2 2020	197,337	$4,460	$17.76	$14.98 - $20.99
Q1 2020	194,997	$4,128	$24.07	$15.19 - $29.58
Q4 2019	173,228	$6,317	$27.83	$24.96 - $29.70
Q3 2019	195,397	$6,409	$25.24	$23.31 - $26.97
Q2 2019	191,364	$6,234	$25.50	$23.74 - $26.93
Q1 2019	217,208	$7,107	$25.60	$21.46 - $27.59
Q4 2018	140,386	$3,968	$23.28	$20.34 - $26.17
Q3 2018	154,939	$5,171	$26.41	$24.55 - $28.44
Q2 2018	161,249	$5,960	$26.43	$24.25 - $28.08
Q1 2018	220,880	$7,344	$25.60	$23.81 - $27.39
Q4 2017	201,607	$7,131	$26.15	$24.52 - $27.67
Q3 2017	199,796	$6,972	$22.92	$21.01 - $26.06
Q2 2017	232,567	$7,321	$23.48	$21.84 - $25.88
Q1 2017	227,006	$7,809	$24.07	$21.88 - $27.11
Q4 2016	164,341	$6,196	$22.21	$18.55 - $27.62
Q3 2016	154,980	$4,161	$18.07	$16.30 - $19.60
Q2 2016	152,680	$3,643	$16.40	$14.56 - $17.56
Q1 2016	149,401	$3,349	$15.54	$14.31 - $16.73
Q4 2015	157,836	$3,873	$16.07	$13.15 - $17.93
Q3 2015	115,408	$2,398	$13.89	$12.48 - $14.88
Q2 2015	51,622	$1,105	$13.68	$13.02 - $14.91
Q1 2015	40,415	$790	$12.97	$12.52 - $14.18
Q4 2014	49,607	$1,043	$13.18	$12.41 - $14.87
Q3 2014	39,045	$744	$13.06	$12.14 - $15.56
Q2 2014	39,045	$893	$13.00	$10.96 - $15.18
Q1 2014	39,045	$805	$12.36	$11.23 - $13.27
Q4 2013	39,045	$843	$12.77	$11.84 - $13.37
Q3 2013	39,171	$853	$11.85	$10.54 - $13.30
Q2 2013	39,045	$702	$9.96	$9.67 - $10.62