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Independent Bank Corp (Michigan)
Previous close
$25.07
Day range
$24.72 - $25.43
Year range
$14.90 - $27.39
Market cap
529.95M USD
Avg Volume
70.52K
P/E ratio
9.09
Dividend yield
3.79%
Primary exchange
NASDAQ
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Revenue | 49.82M | -1.69% |
Operating expense | 31.08M | -1.39% |
Net income | 13.74M | -8.90% |
Net profit margin | 27.58 | -7.36% |
Earnings per share | 0.79 | 8.22% |
EBITDA | — | — |
Effective tax rate | 23.42% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Cash and short-term investments | 208.16M | 82.89% |
Total assets | 5.26B | 5.28% |
Total liabilities | 4.86B | 4.45% |
Total equity | 404.45M | — |
Shares outstanding | 20.91M | — |
Price to book | 1.29 | — |
Return on assets | 1.05% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Net income | 13.74M | -8.90% |
Cash from operations | 16.80M | 1,931.56% |
Cash from investing | -6.75M | 84.59% |
Cash from financing | 32.27M | -30.92% |
Net change in cash | 42.32M | 1,031.85% |
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