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Independent Bank Corporation
Independent Bank Corporation Score & Ratio Trend
| Date | Score | P/E | P/B | D/E | Price |
|---|---|---|---|---|---|
| Oct 2026 | 20,780 | 10.2 | 1.37 | 0.23 | 3,349.37 |
| Oct 2026 | 20,841 | 10.1 | 1.35 | 0.23 | 3,300.37 |
| Oct 2026 | 20,763 | 10.3 | 1.38 | 0.23 | 3,351.18 |
| Oct 2026 | 20,717 | 10.3 | 1.39 | 0.23 | 3,371.85 |
| Oct 2026 | 20,716 | 10.3 | 1.39 | 0.23 | 3,376.41 |
| Oct 2026 | 20,610 | 10.5 | 1.42 | 0.23 | 3,444.68 |
| Oct 2026 | 20,660 | 10.4 | 1.40 | 0.23 | 3,404.01 |
| Oct 2026 | 20,517 | 10.7 | 1.44 | 0.23 | 3,488.68 |
Independent Bank Corporation Quarterly Results
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 60,979,000.0 | 56,945,000.0 | 56,527,000.0 | 55,461,000.0 |
| Net Profit | 18,805,000.0 | 16,875,000.0 | 18,572,000.0 | 17,502,000.0 |
| EPS | 0.9 | 0.8 | 0.9 | 0.8 |
Independent Bank Corporation Revenue & Profit: Last 5 Years
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Revenue | 218,327,000.0 | 215,802,000.0 | 200,480,000.0 | 204,785,000.0 | — |
| Net Profit | 68,541,000.0 | 66,790,000.0 | 59,067,000.0 | 63,351,000.0 | — |
| EPS | 3.3 | 3.2 | 2.8 | 3.0 | — |
Independent Bank Corporation Balance Sheet
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Total Assets | 5,505,720,000.0 | 5,338,104,000.0 | 5,263,726,000.0 | 4,999,787,000.0 | — |
| Total Liabilities | 5,002,769,000.0 | 4,883,418,000.0 | 4,859,277,000.0 | 4,652,191,000.0 | — |
| Total Equity | 502,951,000.0 | 454,686,000.0 | 404,449,000.0 | 347,596,000.0 | — |
Owes vs Owns
Independent Bank Corporation owed $0.91 for every $1 it owned in Jun 2026, down from $0.93 in Dec 2022.
| Period | Jun 2026 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
| Owes vs Owns | 0.91× | 0.91× | 0.91× | 0.92× | 0.93× |
Everything the company owes ÷ everything it owns. Below 1× it owns more than it owes; above 1× it owes more than it owns.
Independent Bank Corporation Assets & Liabilities Breakdown (USD millions)
What it owns — Dec 2025
Cash & short-term investments 2.9%Fixed assets (tangible) 0.7%Intangible assets 1.1%Long-term investments 14.6%Other assets 80.6%
How it's funded — Dec 2025
Long-term debt 2.1%Other liabilities 88.7%Shareholders' equity 9.1%
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | 161.6 | 679.1 | 849.1 | 853.7 |
| Receivables | 0.0 | 0.0 | 0.0 | 128.9 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 |
| Fixed assets (tangible) | 39.0 | 37.5 | 35.5 | 35.9 |
| Intangible assets | 60.8 | 76.6 | 72.5 | 73.3 |
| Long-term investments | 805.4 | 898.6 | 1,033.3 | 1,154.2 |
| Other assets | 4,438.9 | 3,646.3 | 3,273.2 | 2,753.8 |
| Liabilities & equity | ||||
| Short-term debt | 0.0 | 0.0 | 0.0 | 61.0 |
| Long-term debt | 116.9 | 124.4 | 129.3 | 165.1 |
| Payables | 0.0 | 0.0 | 0.0 | 108.0 |
| Other liabilities | 4,885.9 | 4,759.0 | 4,730.0 | 4,318.1 |
| Shareholders' equity | 503.0 | 454.7 | 404.4 | 347.6 |
| Net tangible assets | 442.2 | 378.1 | 331.9 | 274.3 |
Independent Bank Corporation Cash Flow
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Operating Activities | 76,662,000.0 | 63,151,000.0 | 75,589,000.0 | 94,632,000.0 |
| Investing Activities | -122,497,000.0 | -118,159,000.0 | -162,945,000.0 | -424,592,000.0 |
| Financing Activities | 64,340,000.0 | 5,109,000.0 | 182,766,000.0 | 294,858,000.0 |