Independent Bank Corporation (Ionia, MI) Stock – Fundamental Analysis

Price
34.76
10/14/2026
Oct 1996
Oct 2026

Fundamental Data & Ratios (Balance sheet update: 3/18/2026)

Balance Sheet Total Assets 5,505,720,000.00 ROE 9.14 %
Balance Sheet Total Equity 502,951,000.00 ROA 1.24 %
Cashflow Capital Expenditures -6,494,000.00 P/FCF 10.34
Cashflow Free Cash Flow 70,168,000.00 – –
Cashflow Operating Cash Flow 76,662,000.00 P/CF 9.47
Income Earnings per Share (diluted) 3.27 Div. Yield 2.99 %
Income Net Income 68,541,000.00 P/E 10.63
Income Shares Outstanding 20,876,700.00 P/B 1.44
Income Total Revenue 315,381,000.00 P/S 2.30

Ratios calculated on: 10/14/2026

Company Description

Independent Bank Corporation is a bank holding company. The Company owns Independent Bank (the Bank). The Bank is engaged in commercial banking. The Bank´s activities include checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services. The Company´s principal markets are the rural and suburban communities across Lower Michigan that is served by its bank´s branch network. As of December 31, 2011, the Bank served its markets through its main office and a total of 100 branches, three drive-thru facilities and two loan production offices. Automatic teller machines are also provided at most locations. On December 7, 2012, the Company´s subsidiary bank, Independent Bank, sold 21 of its branches to Chemical Bank, headquartered in Midland, Michigan.

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