Independent Bank Corp /Mi/ financial data

Symbol
IBCP on Nasdaq
Industry
State Commercial Banks
Location
4200 E Beltline Ave, Grand Rapids, MI
State of incorporation
MI
Fiscal year end
December 31
Latest financial report
10-K - Q4 2024 - Mar 7, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.1K % -12.5%
Return On Equity 15.2 % -1.8%
Return On Assets 1.27 % +11.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 21M shares +0.32%
Common Stock, Shares, Outstanding 20.9M shares +0.29%
Entity Public Float 551M USD +58.9%
Common Stock, Value, Issued 319M USD +0.41%
Weighted Average Number of Shares Outstanding, Basic 20.9M shares -0.4%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 32M USD -2.81%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 83M USD +12.7%
Income Tax Expense (Benefit) 16.3M USD +11.3%
Net Income (Loss) Attributable to Parent 66.8M USD +13.1%
Earnings Per Share, Basic 3.2 USD/shares +13.5%
Earnings Per Share, Diluted 3.16 USD/shares +13.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 120M USD -29.4%
Property, Plant and Equipment, Net 37.5M USD +5.54%
Operating Lease, Right-of-Use Asset 5.97M USD +21.6%
Intangible Assets, Net (Excluding Goodwill) 1.49M USD -25.7%
Goodwill 28.3M USD 0%
Assets 5.34B USD +1.41%
Liabilities 4.88B USD +0.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax -69.9M USD +3.05%
Retained Earnings (Accumulated Deficit) 206M USD +29.4%
Stockholders' Equity Attributable to Parent 455M USD +12.4%
Liabilities and Equity 5.34B USD +1.41%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 20.8M USD -10.9%
Net Cash Provided by (Used in) Financing Activities -46.5M USD -137%
Net Cash Provided by (Used in) Investing Activities 17.7M USD +257%
Common Stock, Shares Authorized 500M shares 0%
Common Stock, Shares, Issued 20.9M shares +0.29%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 120M USD -29.4%
Interest Paid, Excluding Capitalized Interest, Operating Activities 25M USD +82.2%
Deferred Tax Assets, Gross 38.4M USD +4.66%
Operating Lease, Liability 6.34M USD +23.9%
Payments to Acquire Property, Plant, and Equipment 676K USD -49%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 69M USD -13.4%
Lessee, Operating Lease, Liability, to be Paid 7.35M USD +32.2%
Property, Plant and Equipment, Gross 161M USD +3.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.13M USD +4.84%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.31M USD +14.6%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure +37%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.01M USD +127%
Lessee, Operating Lease, Liability, to be Paid, Year Three 988K USD +9.41%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 200K shares 0%
Unrecognized Tax Benefits 188K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 938K USD +31.4%
Preferred Stock, Shares Outstanding 0 shares
Interest Expense 92.8M USD +179%