The ROE as of December 2024 (TTM) for Mercantile Bank Corporation (MBWM) is 14.59%

According to Mercantile Bank Corporation’s latest financial reports and current stock price. The company's current ROE is 14.59%. This represents a change of 299.01% compared to the average of 3.66% of the last 4 quarters.

Mercantile Bank Corporation (MBWM) Historical ROE (quarterly & annually)

How has MBWM ROE performed in the past?

The mean historical ROE of Mercantile Bank Corporation over the last ten years is 10.69%. The current 14.59% ROE has changed 36.53% with respect to the historical average. Over the past ten years (40 quarters), MBWM's ROE was at its highest in in the December 2022 quarter at 4.94%. The ROE was at its lowest in in the December 2014 quarter at 1.92%.

Mercantile Bank Corporation (MBWM) ROE by Quarter and Year

Discovering the peaks and valleys of Mercantile Bank Corporation ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Mercantile Bank Corporation (MBWM) Average ROE

How has MBWM ROE performed in the past?

The current ROE of Mercantile Bank Corporation (MBWM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

Mercantile Bank Corporation (MBWM) ROE vs. Peers

How is MBWM’s ROE compared to its peers?

Mercantile Bank Corporation’s ROE is less than Macatawa Bank Corporation (14.73%), less than Great Southern Bancorp, Inc. (10.36%), less than The First Bancorp, Inc. (10.71%), greater than MidWestOne Financial Group, Inc. (-13.70%), less than Lakeland Financial Corporation (14.93%),

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