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Independent Bank Corp (Michigan)
Previous close
$32.17
Day range
$31.69 - $32.39
Year range
$26.75 - $40.32
Market cap
657.32M USD
Avg Volume
88.88K
P/E ratio
10.34
Dividend yield
3.28%
Primary exchange
NASDAQ
Market news
Financials
Income Statement
Revenue
Net income
| (USD) | Jun 2025info | Y/Y change |
|---|---|---|
Revenue | 54.44M | -3.64% |
Operating expense | 33.12M | 1.49% |
Net income | 16.88M | -8.91% |
Net profit margin | 31.00 | -5.46% |
Earnings per share | 0.82 | 9.33% |
EBITDA | — | — |
Effective tax rate | 18.38% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Jun 2025info | Y/Y change |
|---|---|---|
Cash and short-term investments | 180.35M | -29.49% |
Total assets | 5.42B | 2.67% |
Total liabilities | 4.95B | 2.11% |
Total equity | 469.25M | — |
Shares outstanding | 20.71M | — |
Price to book | 1.42 | — |
Return on assets | 1.26% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (USD) | Jun 2025info | Y/Y change |
|---|---|---|
Net income | 16.88M | -8.91% |
Cash from operations | 18.97M | 116.86% |
Cash from investing | -70.64M | -519.12% |
Cash from financing | 69.68M | 159.02% |
Net change in cash | 18.01M | -65.69% |
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
