Banks in Michigan — Return on Equity (annualized), 2023Q4

Population: 80 Call Report filers, reporting date 2023-12-31.

Cite as: FACTANKER, https://factanker.com/banks/state-mi/return-on-equity/2023Q4

← 2023Q3 · 2024Q1 → · latest quarter

10th percentile	3.2%
25th percentile	7.4%
Median	11.1%
75th percentile	14.7%
90th percentile	17.1%
Mean	10.7%
Minimum	-18.3%
Maximum	45.1%

Methodology & sources
Year-to-date net income (RIAD4340), annualized by multiplying with 4 / quarter number, divided by bank equity capital at the quarter end (item 3210).
One row per reporting institution (RSSD) as of 2023-12-31; percentiles computed in the database via percentile_cont, never by a model. Source: FFIEC Call Reports (public domain). Data: FACTANKER registry, precomputed 2026-09-03.

Evidence samples

Largest institutions in this group

COMERICA BANK $85.9B assets · evidence
FIRST NATIONAL BANK OF AMERICA $5.6B assets · evidence
MERCANTILE BANK $5.3B assets · evidence
INDEPENDENT BANK $5.3B assets · evidence
NORTHPOINTE BANK $4.8B assets · evidence

Not claimed

Population is Call Report filers (FDIC-insured commercial banks and savings institutions). Credit unions, holding companies and non-US banks are not part of it.
One row per reporting institution (RSSD), not per banking group: a holding company with three bank subsidiaries counts three times.
Income statement items are year-to-date, not quarterly. Ratios marked annualized are multiplied by 4 / quarter number; net income is not.
The state of an institution is its current head-office state from the Call Report directory, applied to all of its quarters.
Comparisons across 2011Q4 / 2012Q1 are not pure market movement: thrift institutions moved from the Thrift Financial Report into the Call Report in 2012Q1 (filers 6,789 -> 7,377).
sample_fact_ids evidence the three largest institutions of the class, not every number in the distribution.

All quarters of this metric · All Banks in Michigan benchmarks · All bank benchmarks