INDEPENDENT BANK CORP /MI/ (IBCP)

Comprehensive financial analysis for INDEPENDENT BANK CORP /MI/ (IBCP) based on SEC EDGAR filings. Data updated daily from official 10-K and 10-Q reports.

Company Information

Legal Name
INDEPENDENT BANK CORP /MI/
Ticker Symbol
IBCP
Exchange
NASDAQ
CIK Number
0000039311
SIC Code
6022
Industry
State Commercial Banks
Shares Outstanding
20.7M

Profitability & Efficiency Metrics

Return on Equity (ROE)
14.47%
Return on Average Assets (ROAA)
1.27%
Efficiency Ratio
60.7%
Deposits to Assets
88.5%
Loans to Deposits
85.1%

Valuation Metrics

Book Value Per Share (BVPS)
$23.72
Graham Number
$41.84

Capital & Balance Sheet

Equity to Assets
8.93%
Loans to Assets
75.3%
Total Assets
$5.49B
Total Deposits
$4.86B
Total Equity
$490.7M

TTM Performance

Net Income (TTM)
$68.4M
Net Interest Income (TTM)
$176.5M
Earnings Per Share (TTM)
$3.28
Dividend Per Share (TTM)
$1.02
Dividend Payout Ratio
31.1%

SEC Filing Data

All financial data for INDEPENDENT BANK CORP /MI/ is sourced directly from SEC EDGAR filings including 10-K annual reports and 10-Q quarterly statements. Metrics are calculated using trailing twelve month (TTM) methodology with data through 2025-09-30.

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