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) | $323.14M |
| Net Income (Most Recent Fiscal Year) | $66.79M |
| PE Ratio (Current Year Earnings Estimate) | 10.02 |
| PE Ratio (Trailing 12 Months) | 10.01 |
| PEG Ratio (Long Term Growth Estimate) | -- |
| Price to Sales Ratio (Trailing 12 Months) | 2.02 |
| Price to Book Ratio (Most Recent Quarterly Book Value per Share) | 1.41 |
| Price to Cash Ratio (Most Recent Annual Cash Flow per Share) | 8.55 |
| Pre-Tax Margin (Trailing 12 Months) | 25.57% |
| Net Margin (Trailing 12 Months) | 20.62% |
| Return on Equity (Trailing 12 Months) | 14.71% |
| Return on Assets (Trailing 12 Months) | 1.25% |
| Current Ratio (Most Recent Fiscal Quarter) | 0.91 |
| Quick Ratio (Most Recent Fiscal Quarter) | 0.90 |
| Debt to Common Equity (Most Recent Fiscal Quarter) | 0.27 |
| Inventory Turnover (Trailing 12 Months) | 7.71 |
| Book Value per Share (Most Recent Fiscal Quarter) | $21.76 |
| Earnings per Share (Most Recent Fiscal Quarter) | $0.74 |
| Earnings per Share (Most Recent Fiscal Year) | $3.16 |
| Diluted Earnings per Share (Trailing 12 Months) | $3.14 |
| Exchange | NASDAQ |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Common Shares Outstanding | 20.72M |
| Free Float | 19.54M |
| Market Capitalization | $651.26M |
| Average Volume (Last 20 Days) | 0.06M |
| Beta (Past 60 Months) | 0.85 |
| Percentage Held By Insiders (Latest Annual Proxy Report) | 5.68% |
| Percentage Held By Institutions (Latest 13F Reports) | 79.43% |
| Annual Dividend (Based on Last Quarter) | $1.04 |
| Dividend Yield (Based on Last Quarter) | 3.31% |