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Independent Bank Corp (Michigan)
Previous close
$32.24
Day range
$32.02 - $32.69
Year range
$25.46 - $40.32
Market cap
675.92M USD
Avg Volume
64.13K
P/E ratio
10.38
Dividend yield
3.19%
Primary exchange
NASDAQ
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | Mar 2025info | Y/Y change |
|---|---|---|
Revenue | 53.39M | 2.64% |
Operating expense | 33.55M | 6.81% |
Net income | 15.59M | -2.51% |
Net profit margin | 29.20 | -5.01% |
Earnings per share | 0.74 | 4.23% |
EBITDA | — | — |
Effective tax rate | 18.49% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Mar 2025info | Y/Y change |
|---|---|---|
Cash and short-term investments | 161.78M | -20.36% |
Total assets | 5.33B | 1.86% |
Total liabilities | 4.86B | 0.94% |
Total equity | 467.28M | — |
Shares outstanding | 20.72M | — |
Price to book | 1.45 | — |
Return on assets | 1.17% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (USD) | Mar 2025info | Y/Y change |
|---|---|---|
Net income | 15.59M | -2.51% |
Cash from operations | 31.70M | 52.16% |
Cash from investing | 3.33M | -81.15% |
Cash from financing | -26.77M | 42.38% |
Net change in cash | 8.26M | 204.11% |
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
