← INDEPENDENT BANK CORP /MI/ IBCP
Market Price
$38.30
Market Cap
$792.31M
P/E Ratio
11.71
Revenue (FY 2025)
↑0.3% YoY
$32.08M
3-Yr CAGR: 0.5%
Net Income
↑2.6% YoY
$68.54M
Net Margin: 213.7%
Free Cash Flow
↑27.1% YoY
$70.17M
FCF Yield: 8.86%
EPS (Diluted)
↑3.5% YoY
$3.27
Basic: $3.30
Return on Equity
Efficiency
13.6%
ROA: 6,847.3%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (IBCP)
All monetary values in millions ($M)
⚠️ YoY Data Quality Alert
- FY 2024: Revenue YoY (-2.8%) is identical to Gross Profit YoY (-2.8%). Verify the underlying Revenue and Gross Profit values for FY 2024 and FY 2023.
- FY 2025: Revenue YoY (+0.3%) is identical to Gross Profit YoY (+0.3%). Verify the underlying Revenue and Gross Profit values for FY 2025 and FY 2024.
| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $79.6M | — | $72.8M | $22.8M | — | $1.05 | — | $24.0M | $20.5M | — |
| FY 2017 | $89.2M | +12.0% | $80.1M | $20.5M | -10.1% | $0.95 | -9.5% | $38.6M | $34.4M | +67.4% |
| FY 2018 | $27.1M | -69.6% | $9.6M | $39.8M | +94.6% | $1.68 | +76.8% | $44.9M | $41.1M | +19.5% |
| FY 2019 | $26.0M | -4.3% | $26.0M | $46.4M | +16.6% | $2.00 | +19.0% | $34.0M | $29.0M | -29.3% |
| FY 2020 | $24.0M | -7.4% | $7.8M | $56.2M | +20.9% | $2.53 | +26.5% | $58.2M | $53.8M | +85.2% |
| FY 2021 | $29.1M | +21.1% | $20.8M | $62.9M | +12.0% | $2.88 | +13.8% | $110.2M | $104.3M | +93.9% |
| FY 2022 | $31.6M | +8.7% | $12.2M | $63.4M | +0.7% | $2.97 | +3.1% | $94.6M | $89.0M | -14.7% |
| FY 2023 | $32.9M | +4.0% | $32.9M | $59.1M | -6.8% | $2.79 | -6.1% | $75.6M | $69.6M | -21.8% |
| FY 2024 | $32.0M | -2.8% | $32.0M | $66.8M | +13.1% | $3.16 | +13.3% | $63.2M | $55.2M | -20.6% |
| FY 2025 | $32.1M | +0.3% | $32.1M | $68.5M | +2.6% | $3.27 | +3.5% | $76.7M | $70.2M | +27.1% |
Valuation
Market Price
$38.30
Market Cap
$792.31M
Enterprise Value
N/A
P/E Ratio
11.71
P/B Ratio
1.57
FCF Yield
8.86%
Dividend Yield
2.72%
Shares Outstanding
Profitability & Margins
Gross Margin
26.33%
Operating Margin
253.44%
Net Margin
213.69%
Return on Equity (ROE)
13.63%
Return on Assets (ROA)
6,847.25%
Asset Turnover
32.04x
Revenue 3-Yr CAGR
0.45%
Financial Health & Liquidity
Current Ratio
N/A
Cash Ratio
N/A
Debt / Equity
N/A
Debt / Assets
N/A
Cash & Equivalents
$138.39M
Total Debt
N/A
Book Value / Share
$24.41
Cash Flow Efficiency
Operating Cash Flow
$76.66M
Capital Expenditures (CapEx)
$6.49M
Free Cash Flow
$70.17M
OCF / Revenue
239.01%
FCF / Revenue
218.76%
FCF 3-Yr CAGR
-7.60%
Per Share Metrics
EPS (Diluted)
$3.27
EPS (Basic)
$3.30
Dividends / Share
$1.04
Book Value / Share
$24.41
EPS YoY Growth
3.48%
Balance Sheet (FY 2025)
Total Assets
$1.00M
Total Liabilities
$5.00B
Stockholders' Equity
$502.95M
Current Assets
N/A
Current Liabilities
N/A