Edit: if, like me, you've been using more Kotlin than Java, it'd also be relevant to know that IntelliJ also has an inspection for this in Kotlin:
Variable used only in following return and should be inlined
This inspection reports local variables either used only in the very next return statement or exact copies of other variables. In both cases it's better to inline such a variable.
There is actually a SonarQube rule inherited from PMD called Unnecessary Local Before Return that talks about this. It says:
Avoid unnecessarily creating local variables.
This rule was later replaced by SSLR rule Variables should not be declared and then immediately returned or thrown, which maintains the same position:
Declaring a variable only to immediately return or throw it is a bad
practice. Some developers argue that the practice improves code
readability, because it enables them to explicitly name what is being
returned. However, this variable is an internal implementation detail
that is not exposed to the callers of the method. The method name
should be sufficient for callers to know exactly what will be
returned.
And I totally agree with it.
IntelliJ (or at least Android Studio) also has a warning for this situation:
Variable used only in following return and can be inlined
This inspection reports local variables either used only in the very next return or exact copies of other variables. In both cases it's better to inline such a variable.
I don't think performance is something to worry about at all in this situation. That being said, as @Clashsoft mentioned in his comment, the JIT will most likely inline the variable and you'll end up with the same result either way.