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12.89%Return on Equity
VS
Market
Sector
Industry
History
$ 45.14Close
$ 38.53 - $ 51.79 52-Week Range
Ticker Information
Ticker
MBWMCompany Name
MERCANTILE BANK CORPSector
Financial ServicesIndustry
Banks - RegionalExchange
NASDAQMERCANTILE BANK CORP - Return on Equity Chart Analysis (TTM)
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MBWM - ROE Historical data
| Date | Shareholders Equity | Net Income Common Stock | Return on Equity |
|---|---|---|---|
| 6/30/2025 | $ 631.52M | $ 81.4M | 12.89% |
| 3/31/2025 | $ 608.35M | $ 77.57M | 12.75% |
| 12/31/2024 | $ 584.53M | $ 79.59M | 13.62% |
| 9/30/2024 | $ 583.31M | $ 80M | 13.71% |
| 6/30/2024 | $ 551.15M | $ 81.23M | 14.74% |
| 3/31/2024 | $ 536.64M | $ 82.8M | 15.43% |
| 12/31/2023 | $ 522.14M | $ 82.22M | 15.75% |
| 9/30/2023 | $ 483.21M | $ 83.99M | 17.38% |
| 6/30/2023 | $ 478.7M | $ 79.16M | 16.54% |
| 3/31/2023 | $ 467.37M | $ 70.54M | 15.09% |
Key Performance Insights, Last 5 Years
- MERCANTILE BANK CORP's latest trailing twelve months (TTM) ROE stands at 10.04%.
- Over the past 5 years, MERCANTILE BANK CORP's average ROE has been 13.42%.
- The median ROE for MERCANTILE BANK CORP during this period was 13.26%
- MERCANTILE BANK CORP reached its highest ROE over the past 5 years at 17.38%.
- The lowest ROE recorded by MERCANTILE BANK CORP in the same timeframe 10%
MERCANTILE BANK CORP's ROE vs. competitors
We picked the following companies as peers based on multiple factors, including sector, industry, market capitalization and revenue
ROE Benchmarks
Similar metrics to ROE:
- Net Income Common Stock - [Income Statement] The company's Net Income (loss) [NetInc] less the sum paid on dividends of preferred shares [PrefDivIS].
- Return on Assets - [Calculation] Return on Assets (ROA) measures net income [NetIncCmn] as percentage of total [Assets]. A high ROA shows an effective allocation of capital by the company.
- Shareholders Equity - [Balance Sheet] A principal component of the balance sheet; in addition to [Liabilities] and [Assets]; that represents the total of all stockholders' equity (deficit) after all liabilities have been deducted.
- Net Margin - [Calculation] A company’s Net Income [NetIncCmn] as a percentage of [Revenue]. Measures how much earnings a company produces for each dollar of revenue generated.
- Return on Invested Capital - [Calculation] Return on Invested Capital (ROIC) measures how well a company allocates its invested capital to profitable projects and/or investments. It is calculated as net income [NetIncCmn] divided by invested capital [InvCapital].
Definition of Return on Equity
[Calculation] Return on Equity (ROE) measures net income [NetIncCmn] as percentage of [Equity]. A high ROE shows an effective use of investor capital, but it doesn't consider any risks related to financial leverage [Debt].Net Inc. Cmn. / Equity
(=) ROE ROE for MERCANTILE BANK CORP is calculated as follows: Net Inc. Cmn. [ $ 43.37M ] / Equity [ $ 431.9M ]
(=) ROE [ 10.04% ] MBWM - Return on Equity, Last 5 years
10%
Minimum
Dec 31, 2020
17.38%
Maximum
Sep 30, 2023
13.42%
Average
13.26%
Median
ROE Benchmark AnalysisMarket
The chart above depicts the distribution of ROE for companies in the Total Stock Market. The average ROE of the companies is 1.61% with a standard deviation of 22.53%.
The following table provides additional summary stats:
ROE in the Market:
| filtered constituents | 3.13K |
|---|---|
| min | -66.24% |
| max | 73.25% |
| average | 1.61% |
| median | 6.52% |
| std | 22.53% |