INDEPENDENT BANK CORP /MI/ Annual Return On Assets in % from 2012 to 2023

Taxonomy & unit
ratio: %
Description
Return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.
Summary
Independent Bank Corp /Mi/ quarterly/annual Return On Assets history and growth rate from 2012 to 2023.
  • Independent Bank Corp /Mi/ Return On Assets for the quarter ending June 30, 2024 was 1.26 %, a 5.04% increase year-over-year.
  • Independent Bank Corp /Mi/ annual Return On Assets for 2023 was 1.14 %, a 12.3% decline from 2022.
  • Independent Bank Corp /Mi/ annual Return On Assets for 2022 was 1.3 %, a 5.79% decline from 2021.
  • Independent Bank Corp /Mi/ annual Return On Assets for 2021 was 1.38 %, a 1.43% decline from 2020.
Return On Assets, Annual (%)
Return On Assets, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 1.14 -0.16 -12.3% Jan 1, 2023 Dec 31, 2023
2022 1.3 -0.08 -5.79% Jan 1, 2022 Dec 31, 2022
2021 1.38 -0.02 -1.43% Jan 1, 2021 Dec 31, 2021
2020 1.4 +0.07 +5.25% Jan 1, 2020 Dec 31, 2020
2019 1.33 +0.08 +6.37% Jan 1, 2019 Dec 31, 2019
2018 1.26 +0.5 +66% Jan 1, 2018 Dec 31, 2018
2017 0.76 -0.15 -16.5% Jan 1, 2017 Dec 31, 2017
2016 0.91 +0.06 +7.06% Jan 1, 2016 Dec 31, 2016
2015 0.85 +0.05 +6.24% Jan 1, 2015 Dec 31, 2015
2014 0.8 -2.79 -77.7% Jan 1, 2014 Dec 31, 2014
2013 3.59 +2.46 +217% Jan 1, 2013 Dec 31, 2013
2012 1.13 Jan 1, 2012 Dec 31, 2012
* An asterisk sign (*) next to the value indicates that the value is likely invalid.