Company / Return on Equity (ROE)
MERCANTILE BANK CORP Return on Equity (ROE) History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Return on Equity (ROE)
12.2%
FY2025
5-year range
12.2% / 15.8%
FY2021-FY2025
Trend
-10.1%
vs FY2024
Sector context
#149 of 386
Financials
What the data says
At 12.2%, MERCANTILE BANK CORP's return on equity (roe) ranks #149 of 386 in the Financials sector. Return on Equity (ROE) has fluctuated over the past 10 years, ranging from 8.6% in FY2017 to 15.8% in FY2023.
Based on SEC 10-K filings.
12.2% in FY2025 with a 5-year CAGR of +2.2%.
Declined from 15.8% to 12.2% over the past 2 years.
Financials sector context is included.
Return on Equity (ROE) over time
Growth rates
- 3-Year Change
- -1.6pp
- 5-Year Change
- +2.2pp
- 10-Year Change
- -
Sector benchmark
#149 of 386 in FinancialsTop 39% of 386This company 12.2% Sector average 16.7%
▼
-26.9% below sector average
Key checks
Key Insights
- In FY2025, return on equity (roe) decreased 10.1% year-over-year.
- Currently 4.5pp below the Financials sector average.
- Peak return on equity (roe) was recorded in FY2023.
- Lowest return on equity (roe) 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 Equity (ROE)Value | YoY GrowthYoY |
|---|---|---|
| FY2025 | 12.2% | -10.1% |
| FY2024 | 13.6% | -13.5% |
| FY2023 | 15.8% | +13.9% |
| FY2022 | 13.8% | +7.0% |
| FY2021 | 12.9% | +29.3% |
| FY2020 | 10.0% | -15.8% |
| FY2019 | 11.9% | +6.0% |
| FY2018 | 11.2% | +31.0% |
| FY2017 | 8.6% | -8.7% |
| FY2016 | 9.4% | +15.7% |
As of FY2025 · SEC 10-K Annual Filings · Updated Feb 28, 2026