Mercantile Bank annual return on equity
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Mercantile Bank Return on Equity (ROE) Growth & History (MBWM)
Mercantile Bank's return on equity was 13.56% for fiscal 2025.
View full Mercantile Bank company overviewMercantile Bank annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 13.56% | −0.83 pp |
| 2024 | 2024-12-31 | 14.38% | −2.68 pp |
| 2023 | 2023-12-31 | 17.07% | +3.47 pp |
| 2022 | 2022-12-31 | 13.60% | +0.46 pp |
| 2021 | 2021-12-31 | 13.14% | +2.86 pp |
| 2020 | 2020-12-31 | 10.29% | −2.20 pp |
| 2019 | 2019-12-31 | 12.49% | +1.15 pp |
| 2018 | 2018-12-31 | 11.34% | +2.49 pp |
| 2017 | 2017-12-31 | 8.85% | −0.61 pp |
| 2016 | 2016-12-31 | 9.46% | +1.30 pp |
| 2015 | 2015-12-31 | 8.16% | +0.96 pp |
| 2014 | 2014-12-31 | 7.20% | −4.16 pp |
| 2013 | 2013-12-31 | 11.36% | +3.31 pp |
| 2012 | 2012-12-31 | 8.05% | −17.72 pp |
| 2011 | 2011-12-31 | 25.77% | +35.78 pp |
| 2010 | 2010-12-31 | −10.01% | — |
Mercantile Bank quarterly return on equity
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Q3.13
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Q2.14
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Q3.18
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Q1.19
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.48% | −0.17 pp |
| Q1 2026 | 2026-03-31 | 3.10% | −0.17 pp |
| Q4 2025 | 2025-12-31 | 3.30% | −0.06 pp |
| Q3 2025 | 2025-09-30 | 3.69% | +0.23 pp |
| Q2 2025 | 2025-06-30 | 3.65% | +0.19 pp |
| Q1 2025 | 2025-03-31 | 3.28% | −0.80 pp |
| Q4 2024 | 2024-12-31 | 3.36% | −0.62 pp |
| Q3 2024 | 2024-09-30 | 3.46% | −0.88 pp |
| Q2 2024 | 2024-06-30 | 3.45% | −0.85 pp |
| Q1 2024 | 2024-03-31 | 4.07% | −0.54 pp |
| Q4 2023 | 2023-12-31 | 3.98% | −1.10 pp |
| Q3 2023 | 2023-09-30 | 4.34% | +0.54 pp |
| Q2 2023 | 2023-06-30 | 4.30% | +1.59 pp |
| Q1 2023 | 2023-03-31 | 4.62% | +2.04 pp |
| Q4 2022 | 2022-12-31 | 5.08% | +2.52 pp |
| Q3 2022 | 2022-09-30 | 3.79% | +0.46 pp |
| Q2 2022 | 2022-06-30 | 2.71% | −1.34 pp |
| Q1 2022 | 2022-03-31 | 2.57% | −0.65 pp |
| Q4 2021 | 2021-12-31 | 2.56% | −0.66 pp |
| Q3 2021 | 2021-09-30 | 3.33% | +0.82 pp |
| Q2 2021 | 2021-06-30 | 4.05% | — |
| Q1 2021 | 2021-03-31 | 3.23% | +0.67 pp |
| Q4 2020 | 2020-12-31 | 3.22% | −0.01 pp |
| Q3 2020 | 2020-09-30 | 2.51% | −0.61 pp |
| Q1 2020 | 2020-03-31 | 2.56% | −0.56 pp |
| Q4 2019 | 2019-12-31 | 3.23% | +0.17 pp |
| Q3 2019 | 2019-09-30 | 3.12% | +0.44 pp |
| Q2 2019 | 2019-06-30 | 2.99% | +0.45 pp |
| Q1 2019 | 2019-03-31 | 3.12% | +0.15 pp |
| Q4 2018 | 2018-12-31 | 3.07% | +0.88 pp |
| Q3 2018 | 2018-09-30 | 2.68% | +0.37 pp |
| Q2 2018 | 2018-06-30 | 2.54% | +0.46 pp |
| Q1 2018 | 2018-03-31 | 2.96% | +0.75 pp |
| Q4 2017 | 2017-12-31 | 2.19% | −0.15 pp |
| Q3 2017 | 2017-09-30 | 2.32% | +0.06 pp |
| Q2 2017 | 2017-06-30 | 2.08% | −0.09 pp |
| Q1 2017 | 2017-03-31 | 2.21% | −0.33 pp |
| Q4 2016 | 2016-12-31 | 2.34% | +0.39 pp |
| Q3 2016 | 2016-09-30 | 2.26% | +0.03 pp |
| Q2 2016 | 2016-06-30 | 2.18% | +0.19 pp |
| Q1 2016 | 2016-03-31 | 2.54% | +0.53 pp |
| Q4 2015 | 2015-12-31 | 1.96% | +0.02 pp |
| Q3 2015 | 2015-09-30 | 2.23% | +0.36 pp |
| Q2 2015 | 2015-06-30 | 1.98% | +1.35 pp |
| Q1 2015 | 2015-03-31 | 2.01% | −0.29 pp |
| Q4 2014 | 2014-12-31 | 1.94% | −1.47 pp |
| Q3 2014 | 2014-09-30 | 1.87% | −0.46 pp |
| Q2 2014 | 2014-06-30 | 0.64% | — |
| Q1 2014 | 2014-03-31 | 2.30% | — |
| Q4 2013 | 2013-12-31 | 3.41% | +1.35 pp |
| Q3 2013 | 2013-09-30 | 2.33% | — |
| Q4 2012 | 2012-12-31 | 2.06% | −18.04 pp |
| Q2 2012 | 2012-06-30 | 2.52% | +0.40 pp |
| Q1 2012 | 2012-03-31 | 1.73% | — |
| Q4 2011 | 2011-12-31 | 20.10% | — |
| Q3 2011 | 2011-09-30 | 2.26% | — |
| Q2 2011 | 2011-06-30 | 2.12% | — |
Mercantile Bank return on equity trends
Over the last five fiscal years, Mercantile Bank's return on equity increased from 10.29% to 13.56%, a change of +3.27 percentage points. The latest reported quarter, Q2 2026, shows 3.48%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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