20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Independent Bank Corporation (IBCP) operates in the BANKS - REGIONAL industry and is headquartered in Grand Rapids, United States with about 735 employees. Its market capitalization is roughly $810 million. In the fiscal year ended 2025-12-31, IBCP reported $315M in revenue and $69M in net income.
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts.
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| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $316M | $315M | $316M | $284M | $224M | $207M | $214M | $191M | $171M | $138M | $124M | $114M | $112M | $121M | $141M | $138M | $171M | $249M | $234M | $270M | $259M |
| Gross Profit | $225M | $220M | $212M | $194M | $199M | $200M | $185M | $163M | $152M | $128M | $119M | $111M | $108M | $114M | $120M | $88M | $87M | $95M | $89M | $125M | $149M |
| Gross Margin % | 71.3% | 69.6% | 66.9% | 68.3% | 88.6% | 96.3% | 86.5% | 85.6% | 88.9% | 92.5% | 95.5% | 97.2% | 96.7% | 94.0% | 85.5% | 63.8% | 50.9% | 38.2% | 38.0% | 46.1% | 57.5% |
| Operating Income (EBIT) | $84M | $81M | $83M | $74M | $78M | $77M | $69M | $58M | $49M | $38M | $33M | $29M | $25M | $23M | $26M | ($20M) | ($18M) | ($93M) | ($89M) | $9M | $45M |
| Operating Margin % | 26.7% | 25.8% | 26.2% | 26.0% | 34.7% | 37.3% | 32.4% | 30.3% | 28.7% | 27.8% | 26.5% | 25.7% | 22.6% | 18.7% | 18.6% | -14.8% | -10.7% | -37.5% | -37.9% | 3.3% | 17.6% |
| Net Income | $72M | $69M | $67M | $59M | $63M | $63M | $56M | $46M | $40M | $20M | $23M | $20M | $18M | $78M | $26M | ($20M) | ($17M) | ($90M) | ($92M) | $10M | $33M |
| Net Margin % | 22.7% | 21.7% | 21.1% | 20.8% | 28.2% | 30.4% | 26.2% | 24.3% | 23.3% | 14.8% | 18.3% | 17.5% | 16.1% | 64.1% | 18.6% | -14.6% | -9.8% | -36.3% | -39.2% | 3.8% | 12.8% |
| EBITDA | $94M | $91M | $93M | $84M | $89M | $89M | $79M | $64M | $55M | $45M | $38M | $34M | $28M | $20M | $21M | ($32M) | ($46M) | ($137M) | ($111M) | ($4M) | $36M |
| Earnings Per Share (EPS) | $3.44 | $3.28 | $3.16 | $2.79 | $2.97 | $2.88 | $2.53 | $2.00 | $1.68 | $0.95 | $1.05 | $0.86 | $0.77 | $3.55 | $0.84 | $-0.29 | $-0.40 | $-37.69 | $-39.77 | $4.54 | $14.30 |
| Shares Outstanding (M) | 21M | 21M | 21M | 21M | 21M | 22M | 22M | 23M | 24M | 22M | 22M | 23M | 23M | 22M | 31M | 70M | 41M | 2M | 2M | 2M | 2M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $83M | $75M | $79M | $79M | $76M | $75M | $85M | $76M |
| Gross Profit | $61M | $55M | $56M | $53M | $53M | $51M | $58M | $48M |
| Gross Margin % | 73.2% | 73.6% | 71.0% | 67.4% | 69.4% | 68.7% | 68.4% | 63.1% |
| Operating Income (EBIT) | $23M | $20M | $20M | $21M | $21M | $19M | $23M | $17M |
| Operating Margin % | 27.5% | 27.1% | 25.6% | 26.7% | 27.1% | 25.6% | 26.9% | 22.7% |
| Net Income | $19M | $17M | $19M | $18M | $17M | $16M | $18M | $14M |
| Net Margin % | 22.8% | 22.6% | 23.4% | 22.1% | 22.1% | 20.9% | 21.8% | 18.2% |
| EBITDA | $25M | $23M | $23M | $24M | $23M | $21M | $25M | $20M |
| Earnings Per Share (EPS) | $0.90 | $0.81 | $0.89 | $0.84 | $0.81 | $0.74 | $0.87 | $0.65 |
| Shares Outstanding (M) | 21M | 21M | 21M | 21M | 21M | 21M | 21M | 21M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $38M | $77M | $63M | $76M | $95M | $110M | $59M | $34M | $45M | $39M | $24M | $23M | $13M | $52M | $29M | $35M | ($2M) | $4M | $21M | $18M | $22M |
| Capital Expenditures (CapEx) | $12M | $6M | $8M | $6M | $6M | $6M | $4M | $5M | $4M | $4M | $3M | $4M | $4M | $8M | $5M | $3M | $5M | $8M | $8M | $10M | $13M |
| Free Cash Flow (FCF) | $25M | $70M | $55M | $70M | $89M | $104M | $54M | $30M | $41M | $34M | $20M | $19M | $9M | $44M | $24M | $33M | ($7M) | ($4M) | $13M | $7M | $9M |
| FCF Margin % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends Paid | $22M | $22M | $20M | $19M | $19M | $18M | $18M | $17M | $14M | $9M | $7M | $6M | $4M | $105M | $0M | $0M | — | $3M | $8M | $19M | $18M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $21M | ($9M) | $8M | $18M | $19M | $32M | $16M | $17M |
| Capital Expenditures (CapEx) | $5M | $5M | $1M | $2M | $2M | $1M | $4M | $1M |
| Free Cash Flow (FCF) | $16M | ($14M) | $6M | $17M | $17M | $31M | $12M | $16M |
| FCF Margin % | — | — | — | — | — | — | — | — |
| Dividends Paid | $6M | $6M | $5M | $5M | $5M | $5M | $5M | $5M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.7B | $5.5B | $5.3B | $5.3B | $5.0B | $4.7B | $4.2B | $3.6B | $3.4B | $2.8B | $2.5B | $2.4B | $2.2B | $2.2B | $2.0B | $2.3B | $2.5B | $3.0B | $3.0B | $3.3B | $3.4B |
| Cash & Cash Equivalents | $64M | $138M | $120M | $170M | $74M | $109M | $119M | $66M | $71M | $57M | $89M | $98M | $88M | $137M | $180M | $341M | $385M | $289M | $58M | $79M | $73M |
| Total Liabilities | $5.1B | $5.0B | $4.9B | $4.9B | $4.7B | $109M | $109M | $3.2B | $3.0B | $2.5B | $2.3B | $2.2B | $2.0B | $2.0B | $1.9B | $2.2B | $2.4B | $2.9B | $2.8B | $3.0B | $3.2B |
| Total Debt (Short + Long-Term) | $294M | $117M | $126M | $130M | $226M | $111M | $110M | $157M | $75M | $110M | $47M | $96M | $96M | $45M | $50M | $63M | $77M | $183M | $533M | $209M | $210M |
| Total Shareholders' Equity | $528M | $503M | $455M | $404M | $348M | $4.6B | $4.1B | $350M | $339M | $265M | $249M | $251M | $250M | $232M | $135M | $103M | $119M | $110M | $195M | $241M | $258M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive IBCP viewer.
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