Independent Bank Corporation (IBCP)
NASDAQ: IBCP · Real-Time Price · USD
33.83
-0.40 (-1.17%)
At close: Mar 9, 2026, 4:00 PM EDT
33.83
0.00 (0.00%)
After-hours: Mar 9, 2026, 4:10 PM EDT
Independent Bank Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Cash & Equivalents | 138.39 | 119.88 | 169.48 | 74.07 | 109.47 | Upgrade
|
| Investment Securities | 805.43 | 633.74 | 733.14 | 826.72 | 979.3 | Upgrade
|
| Trading Asset Securities | - | 37.06 | 38.68 | 39.75 | 12.28 | Upgrade
|
| Mortgage-Backed Securities | - | 264.88 | 300.2 | 327.45 | 433.53 | Upgrade
|
| Total Investments | 805.43 | 935.68 | 1,072 | 1,194 | 1,425 | Upgrade
|
| Gross Loans | 4,276 | 4,039 | 3,791 | 3,465 | 2,905 | Upgrade
|
| Allowance for Loan Losses | -63.45 | -59.38 | -54.66 | -52.44 | -47.25 | Upgrade
|
| Net Loans | 4,213 | 3,979 | 3,736 | 3,413 | 2,858 | Upgrade
|
| Property, Plant & Equipment | 38.97 | 43.46 | 40.43 | 41.44 | 42.89 | Upgrade
|
| Goodwill | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 | Upgrade
|
| Other Intangible Assets | 1 | 1.49 | 2 | 2.55 | 3.34 | Upgrade
|
| Loans Held for Sale | 9.03 | 7.64 | 12.06 | 46.89 | 90.28 | Upgrade
|
| Accrued Interest Receivable | 167.52 | 5.6 | 6.4 | 54.12 | 18.87 | Upgrade
|
| Restricted Cash | - | - | 0.3 | 0.3 | - | Upgrade
|
| Long-Term Deferred Tax Assets | - | 24.46 | 23.8 | 29.5 | 4.35 | Upgrade
|
| Other Real Estate Owned & Foreclosed | 0.9 | 0.94 | 0.57 | 0.46 | 0.25 | Upgrade
|
| Other Long-Term Assets | 85.24 | 175.11 | 155.29 | 97.69 | 105.68 | Upgrade
|
| Total Assets | 5,506 | 5,338 | 5,264 | 5,000 | 4,705 | Upgrade
|
| Accrued Expenses | 124.22 | 79.98 | 80.19 | 83.13 | 67.65 | Upgrade
|
| Interest Bearing Deposits | 3,770 | 3,429 | 3,370 | 3,026 | 2,702 | Upgrade
|
| Institutional Deposits | - | 211.38 | 176.6 | 82.9 | 93.1 | Upgrade
|
| Non-Interest Bearing Deposits | 991.98 | 1,014 | 1,076 | 1,270 | 1,322 | Upgrade
|
| Total Deposits | 4,762 | 4,654 | 4,623 | 4,379 | 4,117 | Upgrade
|
| Short-Term Borrowings | - | 18.62 | 21.84 | 80.13 | 5.96 | Upgrade
|
| Current Portion of Leases | - | 1.31 | - | - | - | Upgrade
|
| Long-Term Debt | 77 | 39.6 | 39.54 | 39.44 | 39.37 | Upgrade
|
| Federal Home Loan Bank Debt, Long-Term | - | 45 | 50 | 25 | 30 | Upgrade
|
| Long-Term Leases | - | 5.03 | 5.11 | 5.77 | 6.6 | Upgrade
|
| Trust Preferred Securities | 39.86 | 39.8 | 39.73 | 39.66 | 39.59 | Upgrade
|
| Total Liabilities | 5,003 | 4,883 | 4,859 | 4,652 | 4,306 | Upgrade
|
| Common Stock | 307.85 | 318.78 | 317.48 | 320.99 | 323.4 | Upgrade
|
| Retained Earnings | 252.79 | 205.85 | 159.11 | 119.37 | 74.58 | Upgrade
|
| Comprehensive Income & Other | -57.69 | -69.94 | -72.14 | -92.76 | 0.5 | Upgrade
|
| Shareholders' Equity | 502.95 | 454.69 | 404.45 | 347.6 | 398.48 | Upgrade
|
| Total Liabilities & Equity | 5,506 | 5,338 | 5,264 | 5,000 | 4,705 | Upgrade
|
| Total Debt | 116.87 | 149.35 | 156.21 | 190 | 121.52 | Upgrade
|
| Net Cash (Debt) | 21.52 | 7.59 | 51.95 | -76.18 | 0.24 | Upgrade
|
| Net Cash Growth | 183.57% | -85.39% | - | - | - | Upgrade
|
| Net Cash Per Share | 1.03 | 0.36 | 2.45 | -3.58 | 0.01 | Upgrade
|
| Filing Date Shares Outstanding | 20.55 | 20.97 | 20.91 | 21.13 | 21.2 | Upgrade
|
| Total Common Shares Outstanding | 20.55 | 20.9 | 20.84 | 21.06 | 21.17 | Upgrade
|
| Book Value Per Share | 24.48 | 21.76 | 19.41 | 16.50 | 18.82 | Upgrade
|
| Tangible Book Value | 473.65 | 424.9 | 374.15 | 316.75 | 366.85 | Upgrade
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| Tangible Book Value Per Share | 23.05 | 20.33 | 17.96 | 15.04 | 17.33 | Upgrade
|
Source: S&P Capital IQ. Banks template. Financial Sources.