Independent Bank Corporation (IBCP)

Independent Bank Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 24, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	694	728	542	504	508	404
Market Cap Growth	-10.95%	34.20%	7.62%	-0.79%	25.65%	-20.62%
Last Close Price	33.53	33.70	24.34	21.35	20.46	15.23
PE Ratio	10.32	10.90	9.18	7.95	8.07	7.20
PS Ratio	3.13	3.34	2.70	2.44	2.44	2.11
PB Ratio	1.41	1.60	1.34	1.45	1.27	1.04
P/FCF Ratio	9.11	13.18	7.80	5.67	4.87	7.44
P/OCF Ratio	8.14	11.52	7.17	5.33	4.61	6.89
Debt / Equity Ratio	0.14	0.33	0.39	0.55	0.31	0.33
Debt / FCF Ratio	0.91	2.71	2.25	2.14	1.17	2.37
Return on Equity (ROE)	14.51%	15.55%	15.71%	16.98%	15.96%	15.18%
Return on Assets (ROA)	1.27%	1.26%	1.15%	1.31%	1.41%	1.45%
Earnings Yield	9.86%	9.18%	10.89%	12.57%	12.38%	13.89%
FCF Yield	10.98%	7.58%	12.83%	17.65%	20.54%	13.43%
Dividend Yield	3.10%	2.85%	3.78%	4.12%	4.11%	5.25%
Payout Ratio	32.00%	30.01%	32.72%	29.30%	28.87%	31.38%
Buyback Yield / Dilution	0.27%	0.30%	0.59%	2.34%	1.86%	4.15%
Total Shareholder Return	3.38%	3.15%	4.37%	6.47%	5.97%	9.40%

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q