Independent Bank Corporation
Financials
Valuation Metrics
Independent Bank Corporation's Market Cap is $829M. At end of 2025 it was $671M. Ranked #2524 of 3,118 in US market (top 81%), #1054 of 1,474 on NASDAQ (top 72%), #193 of 245 in Banks (top 79%) by Market Cap.
Investment Metrics(as of 2026-11-02)
| Metric | Value | Rank |
|---|---|---|
| Size | ||
| Market Cap | $829M | US#2,524/3,118 Sec#193/245 |
| Revenue | $232M | US#2,512/3,118 Sec#161/245 |
| Net Income | $72M | US#1,741/3,118 Sec#174/245 |
| Total Assets | $5.66B | US#1,350/3,118 Sec#190/245 |
| Net Assets | $528M | US#2,190/3,118 Sec#209/245 |
| Employees | 781 | US#2,085/3,118 Sec#149/245 |
| Value | ||
| P/E | 11.56x | US#461/3,118 Sec#91/245 |
| P/B | 1.57x | US#933/3,118 Sec#181/245 |
| PEG | 1.07x | US#843/3,118 Sec#114/245 |
| P/S | 3.57x | US#1,931/3,118 Sec#106/245 |
| EV/EBITDA | 9.88x | US#765/3,118 Sec#76/245 |
| FCF Yield | 4.19% | US#1,526/3,118 Sec#206/245 |
| Profitability | ||
| ROE | 13.58% | US#1,000/3,118 Sec#52/245 |
| ROA | 1.27% | US#1,856/3,118 Sec#99/245 |
| Op. Margin | 36.34% | US#363/3,118 Sec#101/245 |
| Revenue Growth | 6.51% | US#1,601/3,118 Sec#125/245 |
| Earnings Growth | 10.84% | US#1,046/3,118 Sec#121/245 |
| Financial Health | ||
| Debt Ratio | 971.86% | US#2,714/3,118 Sec#189/245 |
| Total Debt | $167M | US#2,290/3,118 Sec#198/245 |
| FCF | $35M | US#2,080/3,118 Sec#214/245 |
| Cash | $64M | US#2,460/3,118 Sec#199/245 |
| Current Ratio | 0.11x | US#2,950/3,118 Sec#195/245 |
| Net Debt/EBITDA | 1.09x | US#1,003/3,118 Sec#105/245 |
| Dividend | ||
| Div. Yield | 2.69% | US#680/3,118 Sec#99/245 |
| Div. Growth | 7.76% | US#629/3,118 Sec#91/245 |
| Performance | ||
| 1Y Return | 23.63% | US#1,214/3,118 Sec#161/245 |
| 1M Return | 2.72% | US#1,366/3,118 Sec#99/245 |
| From 52W High | -4.79% | US#568/3,118 Sec#88/245 |
| 1Y MDD | -13.50% | US#179/3,118 Sec#70/245 |
| Trading | ||
| Volume | 226,909 shares | US#2,816/3,118 Sec#165/245 |
| Trading Value | $8M | US#2,646/3,118 Sec#183/245 |
| Per Share | ||
| EPS | $3.23 | US#1,007/3,118 Sec#125/245 |
| BPS | $23.80 | US#1,084/3,118 Sec#165/245 |
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.