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	Sep 8, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	682	728	542	504	508	404
Market Cap Growth	19.00%	34.20%	7.62%	-0.79%	25.65%	-20.62%
Last Close Price	32.82	33.99	24.55	21.53	20.63	15.36
PE Ratio	10.73	10.90	9.18	7.95	8.07	7.20
PS Ratio	3.15	3.34	2.70	2.44	2.44	2.11
PB Ratio	1.45	1.60	1.34	1.45	1.27	1.04
P/FCF Ratio	9.02	13.18	7.80	5.67	4.87	7.44
P/OCF Ratio	8.07	11.52	7.17	5.33	4.61	6.89
Debt / Equity Ratio	0.45	0.33	0.39	0.55	0.31	0.33
Debt / FCF Ratio	2.78	2.71	2.25	2.14	1.17	2.37
Return on Equity (ROE)	14.39%	15.55%	15.71%	16.98%	15.96%	15.18%
Return on Assets (ROA)	1.21%	1.26%	1.15%	1.31%	1.41%	1.45%
Earnings Yield	9.52%	9.18%	10.89%	12.57%	12.38%	13.89%
FCF Yield	11.08%	7.58%	12.83%	17.65%	20.54%	13.43%
Dividend Yield	3.17%	2.82%	3.75%	4.09%	4.07%	5.21%
Payout Ratio	33.33%	30.01%	32.72%	29.30%	28.87%	31.38%
Buyback Yield / Dilution	0.01%	0.30%	0.59%	2.34%	1.86%	4.15%
Total Shareholder Return	3.18%	3.13%	4.34%	6.43%	5.93%	9.36%

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q