INDEPENDENT BANK CORP Annual Return On Equity in % from 2011 to 2023

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 quarterly/annual Return On Equity history and growth rate from 2011 to 2023.
  • Independent Bank Corp Return On Equity for the quarter ending June 30, 2024 was 7.41 %, a 22.6% decline year-over-year.
  • Independent Bank Corp annual Return On Equity for 2023 was 8.35 %, a 8.64% decline from 2022.
  • Independent Bank Corp annual Return On Equity for 2022 was 9.14 %, a 55.4% increase from 2021.
  • Independent Bank Corp annual Return On Equity for 2021 was 5.88 %, a 18.2% decline from 2020.
Return On Equity, Annual (%)
Return On Equity, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 8.35 -0.79 -8.64% Jan 1, 2023 Dec 31, 2023
2022 9.14 +3.26 +55.4% Jan 1, 2022 Dec 31, 2022
2021 5.88 -1.31 -18.2% Jan 1, 2021 Dec 31, 2021
2020 7.19 -3.59 -33.3% Jan 1, 2020 Dec 31, 2020
2019 10.8 -1.37 -11.3% Jan 1, 2019 Dec 31, 2019
2018 12.2 +2.64 +27.8% Jan 1, 2018 Dec 31, 2018
2017 9.51 +0.15 +1.6% Jan 1, 2017 Dec 31, 2017
2016 9.36 +0.72 +8.33% Jan 1, 2016 Dec 31, 2016
2015 8.64 -0.98 -10.2% Jan 1, 2015 Dec 31, 2015
2014 9.63 +0.61 +6.76% Jan 1, 2014 Dec 31, 2014
2013 9.02 +0.43 +5.01% Jan 1, 2013 Dec 31, 2013
2012 8.59 -1.32 -13.3% Jan 1, 2012 Dec 31, 2012
2011 9.91 Dec 31, 2010 Dec 31, 2011
* An asterisk sign (*) next to the value indicates that the value is likely invalid.