INDEPENDENT BANK CORP /MI/ (IBCP) Return On Equity % [USD] 2011 - 2023

Historical data

Taxonomy & unit
ratio: %
Description
Return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.
Summary
Independent Bank Corp /Mi/ quarterly/annual Return On Equity history and growth rate from 2011 to 2023.
  • Independent Bank Corp /Mi/ Return On Equity for the quarter ending March 31, 2024 was 15.8 %, a 6.61% decline year-over-year.
  • Independent Bank Corp /Mi/ annual Return On Equity for 2023 was 15.5 %, a 16.3% decline from 2022.
  • Independent Bank Corp /Mi/ annual Return On Equity for 2022 was 18.5 %, a 16.6% increase from 2021.
  • Independent Bank Corp /Mi/ annual Return On Equity for 2021 was 15.9 %, a 2.91% increase from 2020.
Return On Equity, Annual (% [USD])
Return On Equity, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 15.5 -3.02 -16.3% Jan 1, 2023 Dec 31, 2023
2022 18.5 +2.64 +16.6% Jan 1, 2022 Dec 31, 2022
2021 15.9 +0.45 +2.91% Jan 1, 2021 Dec 31, 2021
2020 15.5 +1.86 +13.7% Jan 1, 2020 Dec 31, 2020
2019 13.6 +1.24 +10% Jan 1, 2019 Dec 31, 2019
2018 12.4 +4.57 +58.6% Jan 1, 2018 Dec 31, 2018
2017 7.8 -1.43 -15.5% Jan 1, 2017 Dec 31, 2017
2016 9.23 +1.33 +16.8% Jan 1, 2016 Dec 31, 2016
2015 7.9 +0.52 +7.05% Jan 1, 2015 Dec 31, 2015
2014 7.38 -30.9 -80.7% Jan 1, 2014 Dec 31, 2014
2013 38.2 +16.2 +73.2% Jan 1, 2013 Dec 31, 2013
2012 22.1 +40.4 Jan 1, 2012 Dec 31, 2012
2011 -18.3 Dec 31, 2010 Dec 31, 2011
* An asterisk sign (*) next to the value indicates that the value is likely invalid.