Company / Return on Assets (ROA)
MERCANTILE BANK CORP Return on Assets (ROA) History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Return on Assets (ROA)
1.3%
FY2025
5-year range
1.1% / 1.5%
FY2021-FY2025
Trend
-1.5%
vs FY2024
Sector context
#197 of 396
Financials
What the data says
At 1.3%, MERCANTILE BANK CORP's return on assets (roa) ranks #197 of 396 in the Financials sector. Return on Assets (ROA) has fluctuated over the past 10 years, ranging from 0.9% in FY2017 to 1.5% in FY2023.
Based on SEC 10-K filings.
1.3% in FY2025 with a 5-year CAGR of +0.3%.
Declined from 1.5% to 1.3% over the past 2 years.
Financials sector context is included.
Return on Assets (ROA) over time
Growth rates
- 3-Year Change
- +0.0pp
- 5-Year Change
- +0.3pp
- 10-Year Change
- -
Sector benchmark
#197 of 396 in FinancialsTop 50% of 396This company 1.3% Sector average 1.5%
▼
-16.0% below sector average
Key checks
Key Insights
- In FY2025, return on assets (roa) decreased 1.5% year-over-year.
- Currently 0.2pp below the Financials sector average.
- Peak return on assets (roa) was recorded in FY2023.
- Lowest return on assets (roa) in the period was in FY2017.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Return on Assets (ROA)Value | YoY GrowthYoY |
|---|---|---|
| FY2025 | 1.3% | -1.5% |
| FY2024 | 1.3% | -14.3% |
| FY2023 | 1.5% | +23.2% |
| FY2022 | 1.3% | +11.6% |
| FY2021 | 1.1% | +13.1% |
| FY2020 | 1.0% | -27.2% |
| FY2019 | 1.4% | +8.8% |
| FY2018 | 1.3% | +31.6% |
| FY2017 | 0.9% | -8.7% |
| FY2016 | 1.0% | +11.8% |
As of FY2025 · SEC 10-K Annual Filings · Updated Feb 28, 2026