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Independent Bank Corp (Michigan)
Previous close
$34.94
Day range
$34.00 - $34.96
Year range
$16.92 - $35.97
Market cap
712.99M USD
Avg Volume
104.79K
P/E ratio
10.91
Dividend yield
2.81%
Primary exchange
NASDAQ
Financials
Income Statement
Revenue
Net income
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Revenue | 56.50M | 11.99% |
Operating expense | 32.64M | 3.62% |
Net income | 18.53M | 25.27% |
Net profit margin | 32.79 | 11.83% |
Earnings per share | 0.75 | 22.95% |
EBITDA | — | — |
Effective tax rate | 20.02% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 255.77M | 51.43% |
Total assets | 5.28B | 2.76% |
Total liabilities | 4.85B | 1.82% |
Total equity | 430.46M | — |
Shares outstanding | 20.90M | — |
Price to book | 1.70 | — |
Return on assets | 1.41% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Net income | 18.53M | 25.27% |
Cash from operations | 8.75M | -9.74% |
Cash from investing | 16.85M | 120.49% |
Cash from financing | 26.90M | 206.56% |
Net change in cash | 52.50M | 153.67% |
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