Independent Bank Corporation
Financials
Valuation Metrics
Independent Bank Corporation's Market Cap is $804M. At end of 2025 it was $671M. Ranked #2588 of 3,121 in US market (top 83%), #1088 of 1,463 on NASDAQ (top 74%), #197 of 248 in Banks (top 79%) by Market Cap.
Investment Metrics(as of 2026-09-18)
| Metric | Value | Rank |
|---|---|---|
| Size | ||
| Market Cap | $804M | US#2,588/3,121 Sec#197/248 |
| Revenue | $238M | US#2,535/3,121 Sec#168/248 |
| Net Income | $72M | US#1,746/3,121 Sec#175/248 |
| Total Assets | $5.66B | US#1,357/3,121 Sec#191/248 |
| Net Assets | $528M | US#2,198/3,121 Sec#210/248 |
| Employees | 781 | US#2,095/3,121 Sec#150/248 |
| Value | ||
| P/E | 11.21x | US#442/3,121 Sec#81/248 |
| P/B | 1.52x | US#908/3,121 Sec#171/248 |
| PEG | 1.03x | US#852/3,121 Sec#125/248 |
| P/S | 3.38x | US#1,876/3,121 Sec#97/248 |
| EV/EBITDA | 9.62x | US#746/3,121 Sec#71/248 |
| FCF Yield | 4.32% | US#1,561/3,121 Sec#208/248 |
| Profitability | ||
| ROE | 13.58% | US#1,004/3,121 Sec#52/248 |
| ROA | 1.27% | US#1,862/3,121 Sec#98/248 |
| Op. Margin | 35.51% | US#385/3,121 Sec#113/248 |
| Revenue Growth | 7.18% | US#1,568/3,121 Sec#143/248 |
| Earnings Growth | 10.84% | US#1,056/3,121 Sec#133/248 |
| Financial Health | ||
| Debt Ratio | 971.86% | US#2,728/3,121 Sec#190/248 |
| Total Debt | $167M | US#2,305/3,121 Sec#198/248 |
| FCF | $35M | US#2,096/3,121 Sec#213/248 |
| Cash | $64M | US#2,466/3,121 Sec#199/248 |
| Current Ratio | 0.11x | US#2,958/3,121 Sec#196/248 |
| Net Debt/EBITDA | 1.09x | US#999/3,121 Sec#104/248 |
| Dividend | ||
| Div. Yield | 2.77% | US#700/3,121 Sec#87/248 |
| Div. Growth | 7.76% | US#632/3,121 Sec#92/248 |
| Performance | ||
| 1Y Return | 13.32% | US#1,287/3,121 Sec#158/248 |
| 1M Return | -1.95% | US#1,688/3,121 Sec#174/248 |
| From 52W High | -7.67% | US#542/3,121 Sec#132/248 |
| 1Y MDD | -13.50% | US#221/3,121 Sec#69/248 |
| Trading | ||
| Volume | 235,807 shares | US#2,812/3,121 Sec#165/248 |
| Trading Value | $9M | US#2,657/3,121 Sec#186/248 |
| Per Share | ||
| EPS | $3.23 | US#1,012/3,121 Sec#124/248 |
| BPS | $23.80 | US#1,089/3,121 Sec#166/248 |
Company Info
As the holding company for Independent Bank, Independent Bank Corporation provides diverse banking services to both individual consumers and businesses. Its comprehensive suite of offerings includes checking and savings accounts, commercial lending, direct and indirect consumer financing, and mortgage solutions, along with safe deposit boxes. Customers also benefit from accessible automatic teller machines, internet banking, and mobile banking capabilities. The company further diversifies its portfolio with title insurance, insurance brokerage, and investment services. Headquartered in Grand Rapids, Michigan, and founded in 1864, Independent Bank Corporation reaches its clientele through roughly 59 branches, two drive-through facilities, and seven loan production offices across Michigan, in addition to two loan production offices in Ohio.