← INDEPENDENT BANK CORP /MI/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $83.2m | $54.7m | $70.2m | $65.3m | $118.7m | $109.5m | $74.4m | $169.8m | $119.9m | $138.4m | |
| Property, Plant and Equipment, Net | $40.2m | $39.1m | $38.8m | $38.4m | $36.1m | $36.4m | $35.9m | $35.5m | $37.5m | $39.0m | |
| Goodwill | — | $0 | $28.3m | $28.3m | $28.3m | $28.3m | $28.3m | $28.3m | $28.3m | $28.3m | |
| Intangible Assets, Net (Excluding Goodwill) | $1.9m | $1.6m | $6.4m | $5.3m | $4.3m | $3.3m | $2.6m | $2.0m | $1.5m | $1.0m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $8.3m | $7.6m | $6.5m | $5.5m | $4.9m | $6.0m | $7.3m | |
| Assets | $2.5b | $2.8b | $3.4b | $3.6b | $4.2b | $4.7b | $5.0b | $5.3b | $5.3b | $5.5b | |
| LIABILITIES AND EQUITY | |||||||||||
| Liabilities | $2.3b | $2.5b | $3.0b | $3.2b | $3.8b | $4.3b | $4.7b | $4.9b | $4.9b | $5.0b | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common Stock, Value, Issued | $323.7m | $325.0m | $377.4m | $352.3m | $339.4m | $323.4m | $321.0m | $317.5m | $318.8m | $307.8m | |
| Retained Earnings (Accumulated Deficit) | ($65.7m) | ($54.1m) | ($28.3m) | $1.6m | $40.1m | $74.6m | $119.4m | $159.1m | $205.9m | $252.8m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($9.1m) | ($6.0m) | ($10.1m) | ($3.8m) | $10.0m | $501k | ($92.8m) | ($72.1m) | ($69.9m) | ($57.7m) | |
| Stockholders' Equity Attributable to Parent | $249.0m | $264.9m | $339.0m | $350.2m | $389.5m | $398.5m | $347.6m | $404.4m | $454.7m | $503.0m | |
| Liabilities and Equity | $2.5b | $2.8b | $3.4b | $3.6b | $4.2b | $4.7b | $5.0b | $5.3b | $5.3b | $5.5b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.