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INDEPENDENT BANK CORP /MI/

$34.75 +0.49% NASDAQ: IBCP · 15-min delayed

GRAND RAPIDS, Michigan
Public · NASDAQ: IBCP
826 employees

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$712.6MMarket cap

$32.1MRevenue · FY2025

$68.5MNet income

826Employees

IBCPNASDAQ

1985IPO

About INDEPENDENT BANK CORP /MI/

Independent Bank Corp. operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers. The firm's principal markets are the rural and suburban communities across Lower Michigan. The firm generates the majority of its revenue from Interest and fees on loans.

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Company facts

Type: Public · NASDAQ: IBCP
Employees: 826
IPO date: Sep 4, 1985
Headquarters: 4200 E BELTLINE AVE
GRAND RAPIDS, Michigan 49525
Phone: (800) 355-0641
Industry: Financial Services
Website: Visit site

Registry IDs

Ticker: IBCP Nasdaq
SEC CIK: 39311
EIN: 382032782
SIC: 6022 STATE COMMERCIAL BANKS

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Reported figures

Financial summary

Revenue FY2025: $32.1M
Net income: $68.5M
Total assets: $5.5B
Market cap: $712.6M
Operating margin: 253.4%
Net margin: 213.7%

Source: SEC EDGAR · updated Jun 7, 2026

Multi-year

Revenue & profit trend

FY2021

FY2022

FY2023

FY2024

FY2025

Revenue Net income

FY 2025

Financial statements

Income statement

Revenue: $32.1M
Operating expenses: -$49.2M
Operating income: $81.3M
Income tax: $12.8M
Net income: $68.5M
EPS (basic): $3.30
EPS (diluted): $3.27

Balance sheet

Total assets: $5.5B
Current assets: $5.5B
Total liabilities: $5.0B
Current liabilities: $5.0B
Shareholders’ equity: $503.0M

Cash flow

Operating cash flow: $76.7M
Investing cash flow: -$122.5M
Financing cash flow: $64.3M
Net cash flow: $18.5M

Statements via Polygon.io (SEC filings)

NASDAQ: IBCP

$34.75 +0.49%

15-minute delayed · data by Polygon.io

Past year

$30.08 $36.97

52-week range

Market cap: $712.6M
P/E ratio: 10.6
EPS (diluted): $3.27
Dividend yield: 3.22%
Shares outstanding: 20.5M
Open: —
Day range: –
Prev close: —
Volume: —
IPO date: Sep 4, 1985

Market data by Polygon.io · prices are 15-minute delayed

Auto-generated

At a glance

Profitable — net income of $68.5M in FY2025.
Revenue grew 10% from FY2021 to FY2025.
Trading 6% below its 52-week high.
Pays a dividend yielding about 3.22% annually.
Valued at a price-to-earnings (P/E) ratio of 10.6.

Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.