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INDEPENDENT BANK CORP /MI/ IBCP
Nasdaq · stock · State Commercial Banks · website · IPO 1984-01-16
INDEPENDENT BANK CORP /MI/ financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.1M | $32.0M | $32.9M | $31.6M | $29.1M | $24.0M | $26.0M | $27.1M | — | — |
| Interest expense | — | — | $83.3M | $19.4M | $8.3M | $16.2M | $26.3M | $17.5M | $9.1M | $6.9M |
| Income tax | $12.8M | $16.3M | $14.6M | $14.4M | $14.4M | $13.3M | $11.3M | $9.3M | $18.0M | $10.1M |
| Net income | $68.5M | $66.8M | $59.1M | $63.4M | $62.9M | $56.2M | $46.4M | $39.8M | $20.5M | $22.8M |
| EPS (diluted) | $3.27 | $3.16 | $2.79 | $2.97 | $2.88 | $2.53 | $2.00 | $1.68 | $0.95 | $1.05 |
| Operating cash flow | $76.7M | $63.2M | $75.6M | $94.6M | $110.2M | $58.7M | $34.5M | $44.9M | $38.6M | $24.0M |
| Free cash flow | $70.2M | $55.2M | $69.6M | $89.0M | $104.3M | $54.3M | $29.6M | $41.1M | $34.4M | $20.5M |
| Cash & equivalents | $138.4M | $119.9M | $169.8M | $74.4M | $109.5M | $118.7M | $65.3M | $70.2M | $54.7M | $83.2M |
| Total assets | $5.5B | $5.3B | $5.3B | $5.0B | $4.7B | $4.2B | $3.6B | $3.4B | $2.8B | $2.5B |
| Total liabilities | $5.0B | $4.9B | $4.9B | $4.7B | $4.3B | $3.8B | $3.2B | $3.0B | $2.5B | $2.3B |
| Shareholders' equity | $503.0M | $454.7M | $404.4M | $347.6M | $398.5M | $389.5M | $350.2M | $339.0M | $264.9M | $249.3M |
Growth · year-over-year · Revenue CAGR 2.4%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +0.3% | -2.8% | +4.0% | +8.7% | +21.1% | -7.4% | -4.3% | — | — | — |
| Net income growth | +2.6% | +13.1% | -6.8% | +0.7% | +12.0% | +20.9% | +16.6% | +94.6% | -10.1% | +13.7% |
| EPS growth | +3.5% | +13.3% | -6.1% | +3.1% | +13.8% | +26.5% | +19.0% | +76.8% | -9.5% | +22.1% |
| Free cash flow growth | +27.1% | -20.6% | -21.8% | -14.7% | +92.1% | +83.7% | -28.0% | +19.5% | +67.4% | +4.3% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.