IBCP - NASDAQ

Independent Bank Corporation

IBCP·NASDAQ

$33.19

-3.1%

Financial ServicesBanks - Regional

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$683.92M

EPS3.3000

P/E Ratio10.06

Earnings Date07/23/2026

5.51B

Assets

3Y+10.0%

5Y+31.0%

10Y+116.0%

5.00B

Total Liabilities

3Y+8.0%

5Y+31.0%

10Y+118.0%

502.95M

Total Equity

11%

3Y+45.0%

5Y+29.0%

10Y+102.0%

Independent Bank Corporation Funding & Solvency Profile

IBCP · NASDAQ

Current Assets

Cash & Cash Equivalents138.39M

Net Receivables0.00

Inventory0.00

Other Current Assets0.00

Total Current Assets162 M

Non-Current Assets

Property, Plant & Equipment38.97M

Goodwill & Intangible Assets60.79M

Long-Term Investments5.00B

Other Non-Current Assets240.26M

Total Non-Current Assets5 B

Total Assets

5.51B

Financial Health Analysis

Current Ratio

0.03x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

9.95x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-4600077000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

3% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Independent Bank Corporation Balance Sheet

IBCP • NASDAQ

Independent Bank Corporation Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	138.4M	119.9M	169.8M	74.4M	109.5M	118.7M	65.7M	70.8M	57.5M	88.8M	97.6M	87.6M	137.1M	179.8M	341.1M	385.4M	288.7M	57.7M	79.3M	73.1M
Short-Term Investments	23.2M	25.4M	679.4M	779.3M	1.4B	1.1B	518.4M	427.9M	522.9M	610.6M	585.5M	533.2M	462.5M	208.4M	157.4M	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	161.6M	145.3M	849.1M	853.7M	1.5B	1.2B	584.1M	498.8M	580.4M	699.4M	683.1M	620.8M	599.6M	388.2M	498.6M	385.4M	288.7M	57.7M	79.3M	73.1M
Net Receivables	0.0	0.0	0.0	128.9M	66.1M	62.5M	44.8M	34.9M	29.6M	33.4M	7.2M	7.2M	7.7M	18.4M	29.3M	67.8M	5.4M	0.0	0.0	0.0
Accounts Receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	29.3M	37.3M	5.4M	0.0	0.0	0.0
Other Receivables	0.0	0.0	0.0	128.9M	66.1M	62.5M	44.8M	34.9M	29.6M	33.4M	7.2M	7.2M	7.7M	18.4M	0.0	30.5M	0.0	0.0	0.0	0.0
Prepaids	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	9.4M	12.6M	15.9M	22M	0.0	0.0	0.0
Total Current Assets	161.6M	145.3M	849.1M	982.6M	1.6B	1.3B	628.9M	533.6M	610M	732.8M	690.4M	628M	607.3M	416.1M	540.5M	469.1M	316.2M	57.7M	79.3M	73.1M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	39M	37.5M	35.5M	35.9M	36.4M	36.1M	38.4M	38.8M	39.1M	40.2M	43.1M	45.9M	48.6M	47M	62.5M	68.4M	72.6M	73.3M	73.6M	68M
Goodwill	28.3M	28.3M	28.3M	28.3M	28.3M	28.3M	28.3M	28.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	16.7M	66.8M	48.7M
Intangible Assets	32.5M	48.3M	44.2M	45M	29.6M	21.2M	24.5M	27.8M	17.3M	15.6M	14.7M	14.7M	16.9M	15M	18.8M	23.6M	25.5M	24.2M	0.0	0.0
Goodwill & Intangible Assets	60.8M	76.6M	72.5M	73.3M	57.9M	49.5M	52.8M	56.1M	17.3M	15.6M	14.7M	14.7M	16.9M	15M	18.8M	23.6M	25.5M	40.9M	82M	56.6M
Long-Term Investments	5B	4.9B	4.1B	3.8B	2.9B	2.8B	2.8B	2.6B	2B	1.6B	1.5B	1.4B	1.4B	1.4B	1.6B	1.9B	2.4B	2.6B	2.9B	2.9B
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	2.1M	5.8M	15.1M	32.8M	39.6M	48.6M	57.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Assets	240.3M	218.4M	204.2M	73.3M	74M	74.4M	73.9M	74.7M	72.2M	103.6M	100.9M	103.8M	117M	120.1M	123M	111M	135M	139.7M	112.9M	309.1M
Total Non-Current Assets	5.3B	5.2B	4.4B	4B	3.1B	3B	2.9B	2.8B	2.2B	1.8B	1.7B	1.6B	1.6B	1.6B	1.8B	2.1B	2.6B	2.9B	3.2B	3.4B
Total Assets	5.5B	5.3B	5.3B	5B	4.7B	4.2B	3.6B	3.4B	2.8B	2.5B	2.4B	2.2B	2.2B	2B	2.3B	2.5B	3B	3B	3.3B	3.4B
LIABILITIES
CURRENT LIABILITIES
Total Payables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	797K	2M	4.1M	7.7M	6.6M	11.7M	21.3M	26.6M	16.3M	32.8M
Accounts Payable	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	11.7M	0.0	0.0	0.0	0.0
Other Payables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	797K	2M	4.1M	7.7M	6.6M	0.0	21.3M	26.6M	16.3M	32.8M
Accrued Expenses	0.0	0.0	0.0	108M	80.2M	68.3M	49.7M	35.8M	33.7M	28.5M	24.5M	24M	31.6M	33.8M	28.5M	31.4M	44.4M	32.6M	0.0	0.0
Short Term Debt	0.0	0.0	0.0	61M	0.0	0.0	53.6M	10M	26.7M	1.2M	0.0	0.0	4.2M	0.0	12.4M	0.0	0.0	750K	54.5M	84.1M
Other Current Liabilities	4.8B	4.7B	4.6B	4.4B	4.1B	3.6B	3B	2.9B	2.4B	2.2B	2.1B	1.9B	1.9B	1.8B	2.1B	2.3B	2.6B	2.1B	2.5B	2.6B
Total Current Liabilities	4.8B	4.7B	4.6B	4.5B	4.2B	3.7B	3.1B	3B	2.5B	2.3B	2.1B	1.9B	1.9B	1.8B	2.1B	2.3B	2.6B	2.1B	2.6B	2.7B
NON-CURRENT LIABILITIES
Long Term Debt	116.9M	124.4M	129.3M	165.1M	109M	108.8M	74.5M	55.1M	63.5M	43.8M	47.5M	48M	53.7M	67.8M	71.2M	121.2M	224.1M	634.9M	395.4M	227.9M
Other Non-Current Liabilities	124.2M	104.9M	107.1M	-61M	0.0	0.0	0.0	0.0	0.0	718K	-797K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	35.7M	224.2M
Total Non-Current Liabilities	241.1M	229.3M	236.4M	104.1M	109M	108.8M	74.5M	55.1M	63.5M	44.5M	46.7M	48M	53.7M	67.8M	71.2M	121.2M	224.1M	634.9M	431.1M	452.1M
Capital Lease Obligations	0.0	0.0	0.0	0.0	0.0	0.0	6.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	5B	4.9B	4.9B	4.7B	4.3B	3.8B	3.2B	3B	2.5B	2.3B	2.2B	2B	2B	1.9B	2.2B	2.4B	2.9B	2.8B	3B	3.2B
SHAREHOLDERS' EQUITY
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	84.2M	79.9M	75.7M	69.2M	68.5M	0.0	0.0
Common Stock	307.8M	318.8M	317.5M	321M	323.4M	339.4M	352.3M	377.4M	325M	323.7M	339.5M	352.5M	351.2M	251.2M	249M	0.0	23.9M	22.8M	22.6M	22.9M
Additional Paid-In Capital	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	249M	246.4M	225.5M	200.7M	195.3M	200.2M
Retained Earnings	252.8M	205.9M	159.1M	119.4M	74.6M	40.1M	1.6M	-28.3M	-54.1M	-65.7M	-82.3M	-96.5M	-110.3M	-192.4M	-214.3M	-189.9M	-169.1M	-73.8M	22.8M	31.4M
Accumulated Other Comprehensive Income/Loss	-57.7M	-69.9M	-72.1M	-92.8M	501K	10M	-3.8M	-10.1M	-6M	-9.1M	-6M	-5.6M	-9.2M	-8.1M	-260.9M	-13.1M	-15.7M	-23.2M	-171K	3.6M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-23.9M	0.0	0.0	0.0
Total Stockholders' Equity	503M	454.7M	404.4M	347.6M	398.5M	389.5M	350.2M	339M	264.9M	249M	251.1M	250.4M	231.6M	135M	102.6M	119.1M	109.9M	194.9M	240.5M	258.2M
Total Equity	503M	454.7M	404.4M	347.6M	398.5M	389.5M	350.2M	339M	264.9M	249M	251.1M	250.4M	231.6M	135M	102.6M	119.1M	109.9M	194.9M	240.5M	258.2M
SUMMARY
Total Liabilities & Equity	5.5B	5.3B	5.3B	5B	4.7B	4.2B	3.6B	3.4B	2.8B	2.5B	2.4B	2.2B	2.2B	2B	2.3B	2.5B	3B	3B	3.3B	3.4B
Total Investments	5B	4.9B	4.8B	4.6B	4.4B	3.9B	3.3B	3.1B	2.6B	2.2B	2.1B	1.9B	1.8B	1.6B	1.7B	1.9B	2.4B	2.6B	2.9B	2.9B
Total Debt	116.9M	124.4M	129.3M	226.1M	109M	108.8M	128.1M	65.1M	90.2M	45M	47.5M	48M	57.9M	67.8M	83.6M	121.2M	224.1M	634.9M	449.9M	312M
Net Debt	-21.5M	4.5M	-40.5M	151.7M	-515K	-9.9M	62.4M	-5.8M	32.7M	-43.8M	-50.1M	-39.5M	-79.2M	-112M	-257.5M	-264.2M	-64.7M	577.2M	370.6M	238.8M
Shares Outstanding	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000	20,692,000

SEC Filings

IBCP - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
S-4/A S-4/A (Amended) N/A	May 21, 2026	May 21, 2026		View Filing
S-4/A S-4/A (Amended) N/A	May 21, 2026	May 21, 2026		View Filing
10-Q 10-Q 2026 Q1 Q1	May 06, 2026	March 31, 2026	2026	View Filing
S-4 S-4 N/A	May 01, 2026	May 01, 2026		View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 29, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 24, 2026	April 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 23, 2026	April 23, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 18, 2026	March 18, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 06, 2026	April 21, 2026	2026	View Filing

Showing 1 to 10 of 470 filings

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