Independent Bank Corp /Mi/ financial data

Symbol
IBCP on Nasdaq
Location
4200 E Beltline Ave, Grand Rapids, MI
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2025 - Aug 6, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.06K % -11.1%
Return On Equity 14.1 % -13.3%
Return On Assets 1.21 % -3.19%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 20.7M shares -0.9%
Common Stock, Shares, Outstanding 20.7M shares -0.88%
Entity Public Float 551M USD +58.9%
Common Stock, Value, Issued 312M USD -1.9%
Weighted Average Number of Shares Outstanding, Basic 20.8M shares -0.73%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 31.7M USD -3.09%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 79.9M USD -3.3%
Income Tax Expense (Benefit) 15.1M USD -9.87%
Net Income (Loss) Attributable to Parent 64.7M USD -1.62%
Earnings Per Share, Basic 3 USD/shares -2.22%
Earnings Per Share, Diluted 3 USD/shares -1.6%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 146M USD -31.8%
Property, Plant and Equipment, Net 38.4M USD +9.61%
Operating Lease, Right-of-Use Asset 6.9M USD +3.11%
Intangible Assets, Net (Excluding Goodwill) 1.24M USD -28.8%
Goodwill 28.3M USD 0%
Assets 5.42B USD +2.67%
Liabilities 4.95B USD +2.11%
Accumulated Other Comprehensive Income (Loss), Net of Tax -69.9M USD +1.33%
Retained Earnings (Accumulated Deficit) 227M USD +23.9%
Stockholders' Equity Attributable to Parent 469M USD +9.01%
Liabilities and Equity 5.42B USD +2.67%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 31.7M USD +52.2%
Net Cash Provided by (Used in) Financing Activities -26.8M USD +42.4%
Net Cash Provided by (Used in) Investing Activities 3.33M USD -81.2%
Common Stock, Shares Authorized 500M shares 0%
Common Stock, Shares, Issued 20.7M shares -0.88%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 146M USD -31.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 21.6M USD -13.6%
Deferred Tax Assets, Gross 38.4M USD +4.66%
Operating Lease, Liability 7M USD +1.41%
Depreciation 1.36M USD +3.83%
Payments to Acquire Property, Plant, and Equipment 1.12M USD +66%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 65.7M USD -13%
Lessee, Operating Lease, Liability, to be Paid 8.24M USD +2.46%
Property, Plant and Equipment, Gross 161M USD +3.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.14M USD -4.14%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.26M USD -6.75%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure +27.8%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.24M USD +8.91%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.11M USD +10.7%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 200K shares 0%
Unrecognized Tax Benefits 200K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.11M USD +18.6%
Preferred Stock, Shares Outstanding 0 shares
Interest Expense 92.8M USD +179%