INDEPENDENT BANK CORP /MI/ financial data

Symbol
IBCP on Nasdaq
Location
Grand Rapids, MI
Fiscal year end
31 December
Latest financial report
10-K - Q4 2025 - 06 Mar 2026

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1027% % -7%
Return On Equity 14% % -6.8%
Return On Assets 1.3% % -0.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 20,588,446 shares -1.8%
Common Stock, Shares, Outstanding 20,548,893 shares -1.7%
Entity Public Float $655,032,770 USD 19%
Common Stock, Value, Issued $307,845,000 USD -3.4%
Weighted Average Number of Shares Outstanding, Basic 20,758,000 shares -0.64%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $32,075,000 USD 0.3%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $81,291,000 USD -2.1%
Income Tax Expense (Benefit) $12,750,000 USD -22%
Net Income (Loss) Attributable to Parent $68,541,000 USD 2.6%
Earnings Per Share, Basic 3.3 USD/shares 3.1%
Earnings Per Share, Diluted 3.28 USD/shares 3.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $138,387,000 USD 15%
Property, Plant and Equipment, Net $38,972,000 USD 3.9%
Operating Lease, Right-of-Use Asset $7,296,000 USD 22%
Intangible Assets, Net (Excluding Goodwill) $1,001,000 USD -33%
Goodwill $28,300,000 USD 0%
Assets $5,505,720,000 USD 3.1%
Liabilities $5,002,769,000 USD 2.4%
Accumulated Other Comprehensive Income (Loss), Net of Tax $57,688,000 USD 18%
Retained Earnings (Accumulated Deficit) $252,794,000 USD 23%
Stockholders' Equity Attributable to Parent $502,951,000 USD 11%
Liabilities and Equity $5,505,720,000 USD 3.1%

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 20,548,893 shares -1.7%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $138,387,000 USD 15%
Interest Paid, Excluding Capitalized Interest, Operating Activities $21,576,000 USD -14%
Deferred Tax Assets, Gross $35,674,000 USD -7%
Operating Lease, Liability $7,528,000 USD 19%
Depreciation $4,993,000 USD -3.8%
Payments to Acquire Property, Plant, and Equipment $1,122,000 USD 66%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $80,797,000 USD 17%
Lessee, Operating Lease, Liability, to be Paid $8,785,000 USD 20%
Property, Plant and Equipment, Gross $167,502,000 USD 3.8%
Lessee, Operating Lease, Liability, to be Paid, Year Two $1,340,000 USD 19%
Lessee, Operating Lease, Liability, to be Paid, Year One $1,479,000 USD 13%
Operating Lease, Weighted Average Discount Rate, Percent 0.044 pure 19%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $1,257,000 USD 24%
Lessee, Operating Lease, Liability, to be Paid, Year Three $1,289,000 USD 30%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 200,000 shares 0%
Unrecognized Tax Benefits $194,000 USD 3.2%
Lessee, Operating Lease, Liability, to be Paid, Year Four $1,296,000 USD 38%
Preferred Stock, Shares Outstanding 0 shares
Interest Expense $92,782,000 USD 179%