Independent Bank Corporation (IBCP)
NASDAQ: IBCP · Real-Time Price · USD
31.67
+0.56 (1.80%)
May 8, 2025, 11:34 AM EDT - Market open
Independent Bank Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
Cash & Equivalents | 128.15 | 119.88 | 169.48 | 74.07 | 109.47 | 108.77 | Upgrade
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Investment Securities | 866.6 | 633.74 | 733.14 | 826.72 | 979.3 | 677.55 | Upgrade
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Trading Asset Securities | - | 37.06 | 38.68 | 39.75 | 12.28 | 16.78 | Upgrade
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Mortgage-Backed Securities | - | 264.88 | 300.2 | 327.45 | 433.53 | 394.61 | Upgrade
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Total Investments | 866.6 | 935.68 | 1,072 | 1,194 | 1,425 | 1,089 | Upgrade
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Gross Loans | 4,073 | 4,039 | 3,791 | 3,465 | 2,905 | 2,743 | Upgrade
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Allowance for Loan Losses | -60.04 | -59.38 | -54.66 | -52.44 | -47.25 | -35.43 | Upgrade
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Other Adjustments to Gross Loans | - | - | - | - | - | -8.9 | Upgrade
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Net Loans | 4,013 | 3,979 | 3,736 | 3,413 | 2,858 | 2,698 | Upgrade
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Property, Plant & Equipment | 37.37 | 43.46 | 40.43 | 41.44 | 42.89 | 43.77 | Upgrade
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Goodwill | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 | Upgrade
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Other Intangible Assets | 1.37 | 1.49 | 2 | 2.55 | 3.34 | 4.31 | Upgrade
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Loans Held for Sale | 9.51 | 7.64 | 12.06 | 46.89 | 90.28 | 92.43 | Upgrade
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Accrued Interest Receivable | 142.58 | 5.6 | 6.4 | 54.12 | 18.87 | 12.32 | Upgrade
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Restricted Cash | - | - | 0.3 | 0.3 | - | 9.94 | Upgrade
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Long-Term Deferred Tax Assets | - | 24.46 | 23.8 | 29.5 | 4.35 | 0.28 | Upgrade
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Other Real Estate Owned & Foreclosed | 0.41 | 0.94 | 0.57 | 0.46 | 0.25 | 0.77 | Upgrade
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Other Long-Term Assets | 85.89 | 175.11 | 155.29 | 97.69 | 105.68 | 97.52 | Upgrade
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Total Assets | 5,328 | 5,338 | 5,264 | 5,000 | 4,705 | 4,204 | Upgrade
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Accrued Expenses | 102.79 | 79.98 | 80.19 | 83.13 | 67.65 | 48.7 | Upgrade
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Interest Bearing Deposits | 3,644 | 3,429 | 3,370 | 3,026 | 2,702 | 2,434 | Upgrade
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Institutional Deposits | - | 211.38 | 176.6 | 82.9 | 93.1 | 50 | Upgrade
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Non-Interest Bearing Deposits | 989.93 | 1,014 | 1,076 | 1,270 | 1,322 | 1,153 | Upgrade
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Total Deposits | 4,634 | 4,654 | 4,623 | 4,379 | 4,117 | 3,637 | Upgrade
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Short-Term Borrowings | - | 18.62 | 21.84 | 80.13 | 5.96 | 11.75 | Upgrade
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Current Portion of Leases | - | 1.31 | - | - | - | - | Upgrade
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Long-Term Debt | 84.62 | 39.6 | 39.54 | 39.44 | 39.37 | 39.29 | Upgrade
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Federal Home Loan Bank Debt, Long-Term | - | 45 | 50 | 25 | 30 | 30 | Upgrade
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Long-Term Leases | - | 5.03 | 5.11 | 5.77 | 6.6 | 7.87 | Upgrade
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Trust Preferred Securities | 39.81 | 39.8 | 39.73 | 39.66 | 39.59 | 39.52 | Upgrade
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Total Liabilities | 4,861 | 4,883 | 4,859 | 4,652 | 4,306 | 3,814 | Upgrade
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Common Stock | 318.37 | 318.78 | 317.48 | 320.99 | 323.4 | 339.35 | Upgrade
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Retained Earnings | 216 | 205.85 | 159.11 | 119.37 | 74.58 | 40.15 | Upgrade
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Comprehensive Income & Other | -67.08 | -69.94 | -72.14 | -92.76 | 0.5 | 10.02 | Upgrade
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Shareholders' Equity | 467.28 | 454.69 | 404.45 | 347.6 | 398.48 | 389.52 | Upgrade
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Total Liabilities & Equity | 5,328 | 5,338 | 5,264 | 5,000 | 4,705 | 4,204 | Upgrade
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Total Debt | 124.43 | 149.35 | 156.21 | 190 | 121.52 | 128.44 | Upgrade
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Net Cash (Debt) | 3.71 | 7.59 | 51.95 | -76.18 | 0.24 | -2.89 | Upgrade
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Net Cash Growth | -92.20% | -85.39% | - | - | - | - | Upgrade
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Net Cash Per Share | 0.18 | 0.36 | 2.45 | -3.58 | 0.01 | -0.13 | Upgrade
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Filing Date Shares Outstanding | 20.97 | 20.97 | 20.91 | 21.13 | 21.2 | 21.77 | Upgrade
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Total Common Shares Outstanding | 20.97 | 20.9 | 20.84 | 21.06 | 21.17 | 21.85 | Upgrade
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Book Value Per Share | 22.28 | 21.76 | 19.41 | 16.50 | 18.82 | 17.82 | Upgrade
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Tangible Book Value | 437.61 | 424.9 | 374.15 | 316.75 | 366.85 | 356.92 | Upgrade
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Tangible Book Value Per Share | 20.87 | 20.33 | 17.96 | 15.04 | 17.33 | 16.33 | Upgrade
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Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.