IBCP
What one share of Independent Bank holds
State Commercial Banks
Independent Bank Corporation was incorporated under the laws of the State of Michigan on September 17, 1973, for the purpose of becoming a bank holding company. We are registered under the Bank Holding Company Act of 1956, as amended, and own all of the outstanding stock of Independent Bank (the "bank"), which is also organized under the laws of the State of Michigan.
Independent Bank’s numbers from its SEC filings, divided by its shares. Results cover the last 12 months to 2026-06-30; the balance sheet is as of 2026-06-30.
| Sales | $11.52 |
|---|---|
| Profit | $3.48 |
| Capex (buildings and equipment) | $0.55 |
| Free cash flow | $1.85 |
| Dividends | $1.08 |
| Cash and investments | $8.03 |
| Book value | $25.65 |
Per share by fiscal year
| Year | Sales | Profit | Capex | Free cash | Dividends | Book value |
|---|---|---|---|---|---|---|
| 2009 | $87.04 | −$39.60 | $3.51 | −$1.59 | $0.30 | $48.22 |
| 2010 | $44.91 | −$4.09 | $1.16 | −$1.78 | $0.00 | $15.15 |
| 2014 | $4.89 | $0.79 | $0.19 | $0.38 | $0.18 | $10.91 |
| 2015 | $5.07 | $0.88 | $0.19 | $0.81 | $0.26 | $11.34 |
| 2016 | $5.70 | $1.06 | $0.16 | $0.95 | $0.34 | $11.73 |
| 2017 | $6.18 | $0.96 | $0.20 | $1.61 | $0.42 | $12.42 |
| 2018 | $6.75 | $1.70 | $0.17 | $1.75 | $0.60 | $14.38 |
| 2019 | $7.44 | $2.03 | $0.22 | $1.29 | $0.72 | $15.58 |
| 2020 | $9.30 | $2.56 | $0.20 | $2.47 | $0.80 | $17.82 |
| 2021 | $9.56 | $2.91 | $0.27 | $4.83 | $0.84 | $18.82 |
| 2022 | $10.02 | $3.00 | $0.27 | $4.22 | $0.88 | $16.50 |
| 2023 | $9.87 | $2.82 | $0.29 | $3.32 | $0.92 | $19.41 |
| 2024 | $10.66 | $3.20 | $0.38 | $2.64 | $0.96 | $21.76 |
| 2025 | $10.87 | $3.30 | $0.31 | $3.38 | $1.04 | $24.48 |