Mercantile Bank CorporationMBWMNASDAQ
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ROE: Returns Declining
Trending lower, above historical average, modest growth trend.
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Return on equity
Latest
13.62%
↑ 18% above average
Average (9y)
11.52%
Historical baseline
Range
High:15.75%
Low:8.09%
CAGR
+5.9%
Consistent expansion
| Period | Value | Change |
|---|---|---|
| 2024 | 13.62% | -13.5% |
| 2023 | 15.75% | +13.8% |
| 2022 | 13.83% | +7.0% |
| 2021 | 12.93% | +29.3% |
| 2020 | 10.00% | -15.8% |
| 2019 | 11.87% | +6.0% |
| 2018 | 11.20% | +31.0% |
| 2017 | 8.55% | -8.7% |
| 2016 | 9.36% | +15.7% |
| 2015 | 8.09% | - |