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Independent Bank Corp (Michigan)
Previous close
$34.90
Day range
$34.41 - $35.12
Year range
$26.75 - $38.30
Market cap
717.60M USD
Avg Volume
127.67K
P/E ratio
10.66
Dividend yield
3.00%
Primary exchange
NASDAQ
Financials
Income Statement
Revenue
Net income
| (USD) | Sep 2025info | Y/Y change |
|---|---|---|
Revenue | 55.31M | 10.89% |
Operating expense | 33.52M | 5.00% |
Net income | 17.50M | 26.73% |
Net profit margin | 31.65 | 14.30% |
Earnings per share | 0.86 | 6.17% |
EBITDA | — | — |
Effective tax rate | 17.35% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Sep 2025info | Y/Y change |
|---|---|---|
Cash and short-term investments | 240.79M | 50.18% |
Total assets | 5.49B | 4.45% |
Total liabilities | 5.00B | 4.07% |
Total equity | 490.74M | — |
Shares outstanding | 20.69M | — |
Price to book | 1.47 | — |
Return on assets | 1.28% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (USD) | Sep 2025info | Y/Y change |
|---|---|---|
Net income | 17.50M | 26.73% |
Cash from operations | 18.20M | 5.80% |
Cash from investing | -9.63M | 85.73% |
Cash from financing | 53.96M | 226.91% |
Net change in cash | 62.53M | 167.39% |
Free cash flow | — | — |
About
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan. Wikipedia
Founded
1864
Headquarters
Website
Employees
783
