Independent Bank Corporation is a bank holding company which provides a full range of financial services, including commercial banking, consumer banking, mortgage lending and investment services. Independent Bank Corporation, formerly known as INDEP BK MICH, is based in GRAND RAPIDS, Mich.
| Revenue (Most Recent Fiscal Year) | $315.38M |
| Net Income (Most Recent Fiscal Year) | $68.54M |
| PE Ratio (Current Year Earnings Estimate) | 10.28 |
| PE Ratio (Trailing 12 Months) | 10.74 |
| PEG Ratio (Long Term Growth Estimate) | -- |
| Price to Sales Ratio (Trailing 12 Months) | 2.55 |
| Price to Book Ratio (Most Recent Quarterly Book Value per Share) | 1.44 |
| Price to Cash Ratio (Most Recent Annual Cash Flow per Share) | 9.75 |
| Pre-Tax Margin (Trailing 12 Months) | 26.26% |
| Net Margin (Trailing 12 Months) | 22.32% |
| Return on Equity (Trailing 12 Months) | 14.12% |
| Return on Assets (Trailing 12 Months) | 1.29% |
| Current Ratio (Most Recent Fiscal Quarter) | 0.95 |
| Quick Ratio (Most Recent Fiscal Quarter) | 0.94 |
| Debt to Common Equity (Most Recent Fiscal Quarter) | 0.32 |
| Inventory Turnover (Trailing 12 Months) | 5.51 |
| Book Value per Share (Most Recent Fiscal Quarter) | $23.80 |
| Earnings per Share (Most Recent Fiscal Quarter) | $0.90 |
| Earnings per Share (Most Recent Fiscal Year) | $3.27 |
| Diluted Earnings per Share (Trailing 12 Months) | $3.44 |
| Exchange | NASDAQ |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Common Shares Outstanding | 22.20M |
| Free Float | 20.89M |
| Market Capitalization | $820.26M |
| Average Volume (Last 20 Days) | 0.20M |
| 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) | 3.03% |