MERCANTILE 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
Mercantile Bank Corp quarterly/annual Return On Equity history and growth rate from 2011 to 2023.
  • Mercantile Bank Corp Return On Equity for the quarter ending June 30, 2024 was 15.5 %, a 11.6% decline year-over-year.
  • Mercantile Bank Corp annual Return On Equity for 2023 was 16.9 %, a 18.9% increase from 2022.
  • Mercantile Bank Corp annual Return On Equity for 2022 was 14.2 %, a 8.17% increase from 2021.
  • Mercantile Bank Corp annual Return On Equity for 2021 was 13.1 %, a 27.4% increase from 2020.
Return On Equity, Annual (%)
Return On Equity, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 16.9 +2.68 +18.9% Jan 1, 2023 Dec 31, 2023
2022 14.2 +1.07 +8.17% Jan 1, 2022 Dec 31, 2022
2021 13.1 +2.82 +27.4% Jan 1, 2021 Dec 31, 2021
2020 10.3 -2.02 -16.4% Jan 1, 2020 Dec 31, 2020
2019 12.3 +1.08 +9.62% Jan 1, 2019 Dec 31, 2019
2018 11.2 +2.5 +28.7% Jan 1, 2018 Dec 31, 2018
2017 8.72 -0.57 -6.13% Jan 1, 2017 Dec 31, 2017
2016 9.29 +1.13 +13.8% Jan 1, 2016 Dec 31, 2016
2015 8.16 +1.99 +32.2% Jan 1, 2015 Dec 31, 2015
2014 6.17 -5.11 -45.3% Jan 1, 2014 Dec 31, 2014
2013 11.3 +3.04 +36.9% Jan 1, 2013 Dec 31, 2013
2012 8.25 -18.6 -69.2% Jan 1, 2012 Dec 31, 2012
2011 26.8 Jan 1, 2011 Dec 31, 2011
* An asterisk sign (*) next to the value indicates that the value is likely invalid.