INDEPENDENT BANK CORP /MI/ (IBCP)
↓ Download CSV- Sector Finance & Real Estate
- Incorporated MI
- Fiscal year ends Dec 31
In fiscal 2025, INDEPENDENT BANK CORP /MI/ reported revenue of $32.08M, up 0.3% from the prior year. The company was profitable, with a net margin of 213.7%. It held $5.51B in total assets against $5.00B in total liabilities.
Key ratios (FY2025)
213.7%
Net margin
13.6%
Return on equity
+0.3%
Revenue growth (YoY)
| Metric (FY) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.08M | $31.98M | $32.90M | $31.64M | $29.10M | $24.03M | $25.95M | $27.13M | — | — |
| Net Income | $68.54M | $66.79M | $59.07M | $63.35M | $62.90M | $56.15M | $46.44M | $39.84M | $20.48M | $22.77M |
| EPS (Diluted) | $3.27 | $3.16 | $2.79 | $2.97 | $2.88 | $2.53 | $2.00 | $1.68 | $0.95 | $1.05 |
| Total Assets | $5.51B | $5.34B | $5.26B | $5.00B | $4.70B | $4.20B | $3.56B | $3.35B | $2.79B | $2.55B |
| Total Liabilities | $5.00B | $4.88B | $4.86B | $4.65B | $4.31B | $3.81B | $3.21B | $3.01B | $2.52B | $2.30B |
| Shareholders' Equity | $502.95M | $454.69M | $404.45M | $347.60M | $398.48M | $389.52M | $350.17M | $338.99M | $264.93M | $249.33M |
| Cash & Equivalents | $138.39M | $119.88M | $169.78M | $74.37M | $109.47M | $118.70M | $65.30M | $70.24M | $54.74M | $83.19M |
| Operating Cash Flow | $76.66M | $63.15M | $75.59M | $94.63M | $110.15M | $58.68M | $34.49M | $44.92M | $38.61M | $23.70M |
| Capital Expenditures | $6.49M | $7.95M | $6.02M | $5.68M | $5.84M | $4.38M | $4.94M | $3.86M | $4.24M | $3.46M |
| Shares Outstanding | 20.55M | 20.90M | 20.84M | 21.06M | 21.17M | 21.85M | 22.48M | 23.58M | 21.33M | 21.26M |
| Dividends Per Share | $1.04 | $0.96 | $0.92 | $0.88 | $0.84 | $0.80 | $0.72 | $0.60 | $0.42 | $0.34 |