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Independent Bank Corp (Michigan)
Previous close
$25.75
Day range
$25.67 - $25.98
Year range
$15.19 - $27.39
Market cap
538.66M USD
Avg Volume
72.78K
P/E ratio
8.75
Dividend yield
3.73%
Primary exchange
NASDAQ
Market news
Financials
Income Statement
Revenue
Net income
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Revenue | 52.01M | 11.07% |
Operating expense | 31.41M | 4.10% |
Net income | 15.99M | 23.09% |
Net profit margin | 30.74 | 10.81% |
Earnings per share | 0.71 | 12.70% |
EBITDA | — | — |
Effective tax rate | 19.32% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 161.84M | -38.04% |
Total assets | 5.23B | 1.80% |
Total liabilities | 4.82B | 0.93% |
Total equity | 415.57M | — |
Shares outstanding | 20.90M | — |
Price to book | 1.30 | — |
Return on assets | 1.22% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Net income | 15.99M | 23.09% |
Cash from operations | — | — |
Cash from investing | — | — |
Cash from financing | — | — |
Net change in cash | — | — |
Free cash flow | — | — |
About
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan. Wikipedia
Founded
1864
Headquarters
Website
Employees
787
