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Independent Bank Corp (Michigan)
Previous close
$38.28
Day range
$38.12 - $39.22
Year range
$20.83 - $40.32
Market cap
801.90M USD
Avg Volume
95.40K
P/E ratio
12.94
Dividend yield
2.52%
Primary exchange
NASDAQ
Financials
Income Statement
Revenue
Net income
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Revenue | 49.87M | -7.10% |
Operating expense | 31.92M | 1.79% |
Net income | 13.81M | -21.28% |
Net profit margin | 27.69 | -15.27% |
Earnings per share | 0.81 | -8.99% |
EBITDA | — | — |
Effective tax rate | 20.13% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 160.33M | -9.26% |
Total assets | 5.26B | 1.14% |
Total liabilities | 4.81B | -0.38% |
Total equity | 452.37M | — |
Shares outstanding | 20.89M | — |
Price to book | 1.77 | — |
Return on assets | 1.05% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Net income | 13.81M | -21.28% |
Cash from operations | 17.20M | -33.10% |
Cash from investing | -67.48M | 14.46% |
Cash from financing | -42.52M | -182.65% |
Net change in cash | -92.79M | -5,260.37% |
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
787
