Independent Bank Corporation is a bank holding company. Its subsidiary banks principally serve rural and suburban communities located across Michigan's Lower Peninsula. The Banks emphasize service and convenience as a principal means of competing in the delivery of financial services.
| Revenue (Most Recent Fiscal Year) | $315.38M |
| Net Income (Most Recent Fiscal Year) | $68.54M |
| PE Ratio (Current Year Earnings Estimate) | 9.61 |
| PE Ratio (Trailing 12 Months) | 10.16 |
| PEG Ratio (Long Term Growth Estimate) | -- |
| Price to Sales Ratio (Trailing 12 Months) | 2.21 |
| Price to Book Ratio (Most Recent Quarterly Book Value per Share) | 1.37 |
| Price to Cash Ratio (Most Recent Annual Cash Flow per Share) | 8.98 |
| Pre-Tax Margin (Trailing 12 Months) | 25.99% |
| Net Margin (Trailing 12 Months) | 22.02% |
| Return on Equity (Trailing 12 Months) | 14.15% |
| Return on Assets (Trailing 12 Months) | 1.27% |
| Current Ratio (Most Recent Fiscal Quarter) | 0.92 |
| Quick Ratio (Most Recent Fiscal Quarter) | 0.92 |
| Debt to Common Equity (Most Recent Fiscal Quarter) | 0.13 |
| Inventory Turnover (Trailing 12 Months) | 6.12 |
| Book Value per Share (Most Recent Fiscal Quarter) | $24.78 |
| Earnings per Share (Most Recent Fiscal Quarter) | $0.81 |
| Earnings per Share (Most Recent Fiscal Year) | $3.27 |
| Diluted Earnings per Share (Trailing 12 Months) | $3.35 |
| Exchange | NASDAQ |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Common Shares Outstanding | 20.61M |
| Free Float | 19.39M |
| Market Capitalization | $701.23M |
| Average Volume (Last 20 Days) | 0.17M |
| Beta (Past 60 Months) | 0.71 |
| Percentage Held By Insiders (Latest Annual Proxy Report) | 5.91% |
| Percentage Held By Institutions (Latest 13F Reports) | 79.43% |
| Annual Dividend (Based on Last Quarter) | $1.12 |
| Dividend Yield (Based on Last Quarter) | 3.29% |