Independent Bank Corporation (IBCP)

Independent Bank Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 20, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	752	668	728	542	504	505
Market Cap Growth	6.32%	-8.15%	34.24%	7.60%	-0.30%	25.20%
Last Close Price	36.49	32.53	34.83	26.02	23.92	23.87
PE Ratio	10.92	9.95	11.02	9.33	7.97	8.20
Forward PE	10.12	9.65	11.48	9.60	8.45	10.47
PEG Ratio	-	1.37	1.37	1.37	1.37	1.37
PS Ratio	3.35	3.05	3.34	2.70	2.44	2.43
PB Ratio	1.47	1.33	1.60	1.34	1.45	1.27
P/TBV Ratio	1.70	1.54	1.94	1.66	1.86	1.53
P/FCF Ratio	19.65	9.53	13.18	7.79	5.66	4.84
P/OCF Ratio	15.58	8.72	11.52	7.17	5.32	4.59
Debt / Equity Ratio	0.08	0.08	0.17	0.10	0.23	0.20
Debt / FCF Ratio	1.54	0.57	1.44	0.57	0.89	0.76
Net Debt / Equity Ratio	0.08	0.08	0.18	0.10	0.23	0.20
Net Debt / FCF Ratio	1.54	0.57	1.44	0.57	0.89	0.76
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.05
Return on Equity (ROE)	13.78%	14.31%	15.55%	15.71%	16.98%	15.96%
Earnings Yield	9.29%	10.05%	9.07%	10.72%	12.54%	12.19%
FCF Yield	5.09%	10.50%	7.58%	12.83%	17.65%	20.64%
Dividend Yield	3.07%	3.20%	2.75%	3.54%	3.68%	3.52%
Payout Ratio	32.32%	31.51%	30.01%	32.72%	29.30%	28.87%
Buyback Yield / Dilution	1.20%	0.68%	0.30%	0.59%	2.34%	1.86%
Total Shareholder Return	4.27%	3.88%	3.06%	4.13%	6.02%	5.39%

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: May 6, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 20, 2026

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