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Independent Bank Corp (Michigan)
Previous close
$35.60
Day range
$35.56 - $36.24
Year range
$22.53 - $39.52
Market cap
744.72M USD
Avg Volume
116.98K
P/E ratio
11.28
Dividend yield
2.92%
Primary exchange
NASDAQ
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | Dec 2024info | Y/Y change |
|---|---|---|
Revenue | 59.76M | 19.93% |
Operating expense | 36.26M | 16.65% |
Net income | 18.46M | 34.33% |
Net profit margin | 30.89 | 12.00% |
Earnings per share | 0.62 | -21.52% |
EBITDA | — | — |
Effective tax rate | 18.92% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Dec 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 119.88M | -42.41% |
Total assets | 5.34B | 1.41% |
Total liabilities | 4.88B | 0.50% |
Total equity | 454.69M | — |
Shares outstanding | 20.90M | — |
Price to book | 1.64 | — |
Return on assets | 1.39% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (USD) | Dec 2024info | Y/Y change |
|---|---|---|
Net income | 18.46M | 34.33% |
Cash from operations | — | — |
Cash from investing | — | — |
Cash from financing | — | — |
Net change in cash | — | — |
Free cash flow | — | — |
About
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan. Wikipedia
Founded
1864
Headquarters
Website
Employees
787
