MERCANTILE BANK CORP Annual Return On Assets in % from 2012 to 2024

Taxonomy & unit
ratio: %
Description
Return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.
Summary
Mercantile Bank Corp quarterly/annual Return On Assets history and growth rate from 2012 to 2024.
  • Mercantile Bank Corp Return On Assets for the quarter ending December 31, 2024 was 1.38 %, a 13.2% decline year-over-year.
  • Mercantile Bank Corp annual Return On Assets for 2024 was 1.38 %, a 13.2% decline from 2023.
  • Mercantile Bank Corp annual Return On Assets for 2023 was 1.59 %, a 31.3% increase from 2022.
  • Mercantile Bank Corp annual Return On Assets for 2022 was 1.21 %, a 0.83% increase from 2021.
Return On Assets, Annual (%)
Return On Assets, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2024 1.38 -0.21 -13.2% Jan 1, 2024 Dec 31, 2024
2023 1.59 +0.38 +31.3% Jan 1, 2023 Dec 31, 2023
2022 1.21 +0.01 +0.83% Jan 1, 2022 Dec 31, 2022
2021 1.2 +0.15 +14.3% Jan 1, 2021 Dec 31, 2021
2020 1.05 -0.32 -23.4% Jan 1, 2020 Dec 31, 2020
2019 1.37 +0.1 +7.88% Jan 1, 2019 Dec 31, 2019
2018 1.27 +0.28 +28.4% Jan 1, 2018 Dec 31, 2018
2017 0.98 -0.07 -6.62% Jan 1, 2017 Dec 31, 2017
2016 1.06 +0.12 +12.8% Jan 1, 2016 Dec 31, 2016
2015 0.94 +0.25 +36.2% Jan 1, 2015 Dec 31, 2015
2014 0.69 -0.53 -43.4% Jan 1, 2014 Dec 31, 2014
2013 1.22 +0.33 +36.8% Jan 1, 2013 Dec 31, 2013
2012 0.9 Jan 1, 2012 Dec 31, 2012
* An asterisk sign (*) next to the value indicates that the value is likely invalid.