INDEPENDENT BANK CORP /MI/ Quarterly Return On Equity in % from Q4 2011 to Q3 2024

Taxonomy & unit
ratio: %
Description
Return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.
Summary
Independent Bank Corp /Mi/ quarterly/annual Return On Equity history and growth rate from Q4 2011 to Q3 2024.
  • Independent Bank Corp /Mi/ Return On Equity for the quarter ending September 30, 2024 was 14.6 %, a 11.6% decline year-over-year.
  • Independent Bank Corp /Mi/ annual Return On Equity for 2023 was 15.5 %, a 16.3% decline from 2022.
  • Independent Bank Corp /Mi/ annual Return On Equity for 2022 was 18.5 %, a 16.6% increase from 2021.
  • Independent Bank Corp /Mi/ annual Return On Equity for 2021 was 15.9 %, a 2.91% increase from 2020.
Return On Equity, Quarterly (%)
Return On Equity, YoY Quarterly Growth (%)
Period Value YoY Chg Change % Start Date End Date
Q3 2024 14.6 -1.91 -11.6% Jul 1, 2024 Sep 30, 2024
Q2 2024 16.2 -0.72 -4.26% Apr 1, 2024 Jun 30, 2024
Q1 2024 15.8 -1.12 -6.61% Jan 1, 2024 Mar 31, 2024
Q4 2023 15.5 -3.02 -16.3% Oct 1, 2023 Dec 31, 2023
Q3 2023 16.5 -0.66 -3.85% Jul 1, 2023 Sep 30, 2023
Q2 2023 16.9 +0.91 +5.68% Apr 1, 2023 Jun 30, 2023
Q1 2023 16.9 +1.75 +11.5% Jan 1, 2023 Mar 31, 2023
Q4 2022 18.5 +2.64 +16.6% Oct 1, 2022 Dec 31, 2022
Q3 2022 17.2 +0.02 +0.12% Jul 1, 2022 Sep 30, 2022
Q2 2022 16 -2.36 -12.8% Apr 1, 2022 Jun 30, 2022
Q1 2022 15.2 -4.32 -22.2% Jan 1, 2022 Mar 31, 2022
Q4 2021 15.9 +0.45 +2.91% Oct 1, 2021 Dec 31, 2021
Q3 2021 17.1 +2.13 +14.2% Jul 1, 2021 Sep 30, 2021
Q2 2021 18.4 +5.07 +38.1% Apr 1, 2021 Jun 30, 2021
Q1 2021 19.5 +7.16 +58% Jan 1, 2021 Mar 31, 2021
Q4 2020 15.5 +1.86 +13.7% Oct 1, 2020 Dec 31, 2020
Q3 2020 15 +2.46 +19.6% Jul 1, 2020 Sep 30, 2020
Q2 2020 13.3 +0.95 +7.69% Apr 1, 2020 Jun 30, 2020
Q1 2020 12.3 +0.61 +5.2% Jan 1, 2020 Mar 31, 2020
Q4 2019 13.6 +1.24 +10% Oct 1, 2019 Dec 31, 2019
Q3 2019 12.6 +2.14 +20.6% Jul 1, 2019 Sep 30, 2019
Q2 2019 12.4 +3.01 +32.2% Apr 1, 2019 Jun 30, 2019
Q1 2019 11.7 +2.83 +31.8% Jan 1, 2019 Mar 31, 2019
Q4 2018 12.4 +4.57 +58.6% Oct 1, 2018 Dec 31, 2018
Q3 2018 10.4 +0.89 +9.35% Jul 1, 2018 Sep 30, 2018
Q2 2018 9.33 -0.15 -1.58% Apr 1, 2018 Jun 30, 2018
Q1 2018 8.9 -0.93 -9.46% Jan 1, 2018 Mar 31, 2018
Q4 2017 7.8 -1.43 -15.5% Oct 1, 2017 Dec 31, 2017
Q3 2017 9.51 +0.43 +4.73% Jul 1, 2017 Sep 30, 2017
Q2 2017 9.48 +0.95 +11.1% Apr 1, 2017 Jun 30, 2017
Q1 2017 9.83 +1.69 +20.8% Jan 1, 2017 Mar 31, 2017
Q4 2016 9.23 +1.33 +16.8% Oct 1, 2016 Dec 31, 2016
Q3 2016 9.09 +1.83 +25.2% Jul 1, 2016 Sep 30, 2016
Q2 2016 8.53 +1.28 +17.6% Apr 1, 2016 Jun 30, 2016
Q1 2016 8.14 +0.63 +8.39% Jan 1, 2016 Mar 31, 2016
Q4 2015 7.9 +0.52 +7.05% Oct 1, 2015 Dec 31, 2015
Q3 2015 7.26 -0.64 -8.1% Jul 1, 2015 Sep 30, 2015
Q2 2015 7.25 -0.21 -2.81% Apr 1, 2015 Jun 30, 2015
Q1 2015 7.51 -25.6 -77.3% Jan 1, 2015 Mar 31, 2015
Q4 2014 7.38 -30.9 -80.7% Oct 1, 2014 Dec 31, 2014
Q3 2014 7.9 -39.5 -83.3% Jul 1, 2014 Sep 30, 2014
Q2 2014 7.47 -50 -87% Apr 1, 2014 Jun 30, 2014
Q1 2014 33.1 +10.9 +49.3% Jan 1, 2014 Mar 31, 2014
Q4 2013 38.2 +16.2 +73.2% Oct 1, 2013 Dec 31, 2013
Q3 2013 47.4 +42.3 +841% Jul 1, 2013 Sep 30, 2013
Q2 2013 57.5 +62.1 Mar 31, 2013 Jun 30, 2013
Q1 2013 22.2 +30.8 Jan 1, 2013 Mar 31, 2013
Q4 2012 22.1 +40.4 Oct 1, 2012 Dec 31, 2012
Q3 2012 5.04 Jul 1, 2012 Sep 30, 2012
Q2 2012 -4.63 Mar 31, 2012 Jun 30, 2012
Q1 2012 -8.59 Jan 1, 2012 Mar 31, 2012
Q4 2011 -18.3 Oct 1, 2011 Dec 31, 2011
* An asterisk sign (*) next to the value indicates that the value is likely invalid.