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Independent Bank Corporation was incorporated under the laws of the State of Michigan on September 17, 1973, for the purpose of becoming a bank holding company. We are registered under the Bank Holding Company Act of 1956, as amended, and own all of the outstanding stock of Independent Bank (the "bank"), which is also organized under the laws of the State of Michigan.
264.23% net margin is above average for a financial institution, suggesting strong underwriting or fee income alongside controlled credit costs.
Revenue declined 5.7% YoY. For a bank, this often signals contracting loan book or reduced fee income.
Traditional FCF and operating-margin metrics are not meaningful for financial institutions. Evaluate using net interest margin, credit quality, and capital ratios instead.
Profitability & Returns
Revenue (TTM)
$27M
▼ -5.7% YoY
Net Income (TTM)
$70M
▲ +2.6% YoY
Net Margin
263.05%
P/E
—
Balance Sheet
Total Assets
$5.56B
Equity
$511M
Total Debt
$7M
Cash & Equiv.
$175M
5Y CAGR: +17.5%
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