INDEPENDENT BANK CORP /MI/ financial data

Symbol
IBCP on Nasdaq
Location
Grand Rapids, MI
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2025 - 05 Nov 2025

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1047% % -7.8%
Return On Equity 15% % -0.27%
Return On Assets 1% % 7.6%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 20,691,952 shares -0.97%
Common Stock, Shares, Outstanding 20,691,604 shares -0.97%
Entity Public Float $551,434,347 USD 59%
Common Stock, Value, Issued $311,770,000 USD -2%
Weighted Average Number of Shares Outstanding, Basic 20,702,000 shares -0.93%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $31,812,000 USD -2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $83,748,000 USD 7.1%
Income Tax Expense (Benefit) $15,318,000 USD -5.2%
Net Income (Loss) Attributable to Parent $68,430,000 USD 10%
Earnings Per Share, Basic 3 USD/shares 10%
Earnings Per Share, Diluted 3 USD/shares 11%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $208,686,000 USD 72%
Property, Plant and Equipment, Net $38,805,000 USD 10%
Operating Lease, Right-of-Use Asset $6,473,000 USD 1.1%
Intangible Assets, Net (Excluding Goodwill) $1,123,000 USD -31%
Goodwill $28,300,000 USD 0%
Assets $5,493,113,000 USD 4.4%
Liabilities $5,002,371,000 USD 4.1%
Accumulated Other Comprehensive Income (Loss), Net of Tax $60,630,000 USD -4.1%
Retained Earnings (Accumulated Deficit) $239,602,000 USD 25%
Stockholders' Equity Attributable to Parent $490,742,000 USD 8.5%
Liabilities and Equity $5,493,113,000 USD 4.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $31,699,000 USD 52%
Net Cash Provided by (Used in) Financing Activities $26,770,000 USD 42%
Net Cash Provided by (Used in) Investing Activities $3,334,000 USD -81%
Common Stock, Shares Authorized 500,000,000 shares 0%
Common Stock, Shares, Issued 20,691,604 shares -0.97%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $208,686,000 USD 72%
Interest Paid, Excluding Capitalized Interest, Operating Activities $21,576,000 USD -14%
Deferred Tax Assets, Gross $38,375,000 USD 4.7%
Operating Lease, Liability $6,717,000 USD 1.5%
Depreciation $5,029,000 USD -12%
Payments to Acquire Property, Plant, and Equipment $1,122,000 USD 66%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $66,052,000 USD -31%
Lessee, Operating Lease, Liability, to be Paid $7,885,000 USD 2.5%
Property, Plant and Equipment, Gross $161,420,000 USD 3.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two $1,166,000 USD -1.5%
Lessee, Operating Lease, Liability, to be Paid, Year One $1,310,000 USD -2.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 27%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $1,168,000 USD 8.8%
Lessee, Operating Lease, Liability, to be Paid, Year Three $1,110,000 USD 11%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 200,000 shares 0%
Unrecognized Tax Benefits $200,000 USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four $1,112,000 USD 19%
Preferred Stock, Shares Outstanding 0 shares
Interest Expense $92,782,000 USD 179%