Independent Bank Corporation
NASDAQ:IBCP
33.6 (USD) • At close July 1, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities: | ||||||||||||||||||||||||||||||||||||
| Net Income
| 66.79 | 59.067 | 63.351 | 62.895 | 56.152 | 46.435 | 39.839 | 20.475 | 22.766 | 20.017 | 18.021 | 77.509 | 26.198 | -20.2 | -16.709 | -90.227 | -91.664 | 10.357 | 33.203 | 46.912 | 38.558 | 37.592 | 29.467 | 24.398 | 20.009 | 8.7 | 11.9 | 1.5 | 7.9 | 6.8 | 6 | 5.4 | 4.8 | 3.9 | 2.9 | 2.7 |
| Depreciation & Amortization
| 10.005 | 10.019 | 10.827 | 12.13 | 9.161 | 6.059 | 6.033 | 6.957 | 5.216 | 4.553 | 3.014 | -2.197 | -4.718 | -11.301 | -27.72 | -43.337 | -22.778 | -12.555 | -9.839 | -12.498 | -3.001 | 7.77 | 6.511 | 6.559 | 6.54 | 6.1 | 4.9 | 5.3 | 2.8 | 2.2 | 0.5 | 1.6 | 1 | 0.4 | 0.4 | 0.7 |
| Deferred Income Tax
| -1.248 | 0.215 | -0.359 | 1.912 | -2.13 | 1.088 | 9.294 | 16.009 | 9.718 | 9.212 | 8.918 | -57.55 | 0 | 0.201 | -1.533 | 2.146 | 10.936 | -6.347 | -2.328 | 3.019 | 2.185 | 4.428 | 0.974 | -1.086 | 0.937 | 0.9 | -0.7 | -0.3 | -0.2 | -1.2 | 0.5 | 0 | -0.4 | -0.3 | 0 | 0 |
| Stock Based Compensation
| 2.332 | 2.229 | 2.143 | 1.947 | 1.98 | 1.854 | 1.731 | 1.748 | 1.62 | 1.477 | 1.192 | 1.238 | 0.869 | 1.208 | 0.542 | 0.809 | 0.588 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change In Working Capital
| -24.17 | -18.214 | -11.195 | 5.502 | 2.273 | 5.962 | -4.65 | 1.734 | -6.623 | -2.859 | -9.792 | 4.239 | 4.181 | 15.323 | 2.325 | -19.069 | -21.019 | -14.014 | -15.233 | 10.08 | 6.956 | -11.056 | -3.213 | 2.077 | 8.241 | -6.2 | -7.9 | 10 | -7.5 | 2.9 | 2.3 | 0.3 | -1.1 | 1.4 | -0.8 | -0.3 |
| Accounts Receivables
| -25.187 | -14.617 | -25.843 | -11.669 | -7.966 | -6.061 | -4.89 | -3.708 | -7.182 | -1.483 | -2.579 | 7.747 | -2.425 | 16.872 | 0.397 | -21.083 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory
| 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 | 0 | 0 | 0 | 0 |
| Accounts Payables
| 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 | 0 | 0 | 0 | 0 |
| Other Working Capital
| 1.017 | -3.597 | 14.648 | 17.171 | 10.239 | 12.023 | 0.24 | 5.442 | 0.559 | -1.376 | -7.213 | -3.508 | 6.606 | -1.551 | 1.928 | 2.014 | -21.019 | -14.014 | -15.233 | 10.08 | 6.956 | -11.056 | -3.213 | 2.077 | 8.241 | -6.2 | -7.9 | 10 | -7.5 | 2.9 | 2.3 | 0.3 | -1.1 | 1.4 | -0.8 | -0.3 |
| Other Non Cash Items
| 9.442 | 22.273 | 29.865 | 25.768 | -8.752 | -26.906 | -7.326 | -8.316 | -8.993 | -9.545 | -8.282 | 28.831 | 2.863 | 50.177 | 40.433 | 154.053 | 144.698 | 40.373 | 16.429 | 0.834 | -2.094 | 101.126 | -48.332 | -52.864 | -4.916 | 36.7 | -20.8 | -8.8 | 8.5 | -2.1 | 0.8 | 0 | -2.3 | 1.1 | 0.8 | 1.5 |
| Operating Cash Flow
| 63.151 | 75.589 | 94.632 | 110.154 | 58.173 | 34.492 | 44.921 | 38.607 | 23.704 | 22.855 | 13.071 | 52.07 | 29.393 | 35.408 | -2.5 | 4.375 | 20.761 | 17.814 | 22.232 | 48.347 | 42.604 | 139.86 | -14.593 | -20.916 | 30.811 | 46.2 | -12.6 | 7.7 | 11.5 | 8.6 | 10.1 | 7.3 | 2 | 6.5 | 3.3 | 4.6 |
| Investing Activities: | ||||||||||||||||||||||||||||||||||||
| Investments In Property Plant And Equipment
| -7.95 | -6.024 | -5.679 | -5.837 | -4.383 | -4.936 | -3.862 | -4.242 | -3.459 | -4.354 | -4.298 | -8.371 | -5.293 | -2.779 | -4.429 | -7.995 | -8.128 | -10.342 | -13.316 | -13.899 | -11.72 | -7.272 | -9.48 | -5.64 | -1.645 | -6.5 | -8.9 | -6.2 | -3.7 | -1.6 | -1.3 | -2 | -0.7 | -0.4 | -0.6 | -1.7 |
| Acquisitions Net
| 0 | 0 | 0 | 0 | 0 | 0 | 23.516 | 33.446 | 0 | -7.229 | 0 | 3.292 | -339.995 | 0 | 349.551 | 0 | 0 | 385.954 | 0 | 0 | 0 | -3.062 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases Of Investments
| -3.628 | -1.74 | -140.208 | -824.348 | -859.068 | -237.672 | -105.531 | -100.584 | -298.368 | -235.151 | -225.26 | -334.641 | -192.726 | -173.186 | -55.15 | -15.806 | -29.05 | -72.88 | -5.267 | -70.632 | -132.19 | -226.898 | -181.228 | -120.037 | -50.403 | -699.6 | -881.4 | -129.8 | -60.7 | -20.2 | -60.9 | -69.9 | -43.7 | -35 | -36.2 | -58.2 |
| Sales Maturities Of Investments
| 140.545 | 145.401 | 260.037 | 461.094 | 344.786 | 222.654 | 209.363 | 191.031 | 267.503 | 183.983 | 161.154 | 76.508 | 144.465 | 86.389 | 156.932 | 79.196 | 132.102 | 130.781 | 57.103 | 131.131 | 128.602 | 139.223 | 120.381 | 66.556 | 85.324 | 720.2 | 969.8 | 237.3 | 47.8 | 34.4 | 62.6 | 52.6 | 31 | 34 | 31.5 | 42.4 |
| Other Investing Activites
| -247.126 | -300.582 | -538.742 | -193.973 | -35.243 | -162.2 | -306.853 | -397.229 | -104.531 | -97.762 | -13.712 | 42.144 | 119.654 | 217.054 | 385.977 | 0 | 41.239 | -57.792 | -104.454 | -316.862 | -279.326 | -189.184 | -35.221 | -6.896 | -90.987 | -117.8 | -50.5 | -188.5 | 13.8 | -74.9 | -54.7 | 13.6 | 21.1 | -18.5 | 0 | 0 |
| Investing Cash Flow
| -118.159 | -162.945 | -424.592 | -563.064 | -553.908 | -182.154 | -183.367 | -277.578 | -138.855 | -160.513 | -82.116 | -221.068 | -273.895 | 127.455 | 483.492 | 147.632 | 136.163 | 375.721 | -65.934 | -270.262 | -294.634 | -287.193 | -105.548 | -66.017 | -57.711 | -103.7 | 29 | -87.2 | -2.8 | -62.3 | -54.3 | -5.7 | 7.7 | -19.9 | -5.3 | -17.5 |
| Financing Activities: | ||||||||||||||||||||||||||||||||||||
| Debt Repayment
| -5.017 | -35.98 | 55.997 | -0.003 | -19.414 | 62.859 | -43.297 | 45.167 | -2.521 | -0.516 | -9.372 | -9.889 | -15.762 | -37.645 | -61.155 | -411.554 | 50.706 | 137.92 | -59.584 | -215.592 | 102.881 | -28.442 | 11.143 | 99.528 | -43.338 | 15.1 | -128.9 | 40.5 | 3.7 | 62.7 | 47.5 | 8.4 | -1.8 | -0.5 | 0.4 | -1.1 |
| Common Stock Issued
| 0.013 | 0.07 | 0.077 | 0.061 | 0.015 | 0.284 | 0.267 | 0.072 | 0.082 | 0.112 | 0.097 | 98.066 | 1.418 | 1.335 | 0.463 | 0 | 3.63 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock Repurchased
| 0 | -5.157 | -4.01 | -17.269 | -14.231 | -26.284 | -12.681 | 0 | -16.854 | -13.498 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.989 | -11.989 | -13.065 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid
| -20.045 | -19.327 | -18.565 | -18.155 | -17.618 | -16.554 | -14.055 | -8.96 | -7.274 | -5.896 | -4.129 | 0 | 0 | 0 | 0 | -3.384 | -7.769 | -18.874 | -17.547 | -15.32 | -12.5 | -11.04 | -8.406 | -7.236 | -6.615 | -4.6 | -3.6 | -3.2 | -2.7 | -2.4 | -1.9 | -1.4 | -1.2 | -1.2 | -1.1 | -1.1 |
| Other Financing Activities
| 30.158 | 243.16 | 261.436 | 479.105 | 599.888 | 122.701 | 223.985 | 174.236 | 139.211 | 168.155 | 37.384 | 20.12 | 97.52 | -170.819 | -323.5 | 493.962 | -225.075 | -500.601 | 137.396 | 458.548 | 172.75 | 198.665 | 148.236 | -2.533 | 79.298 | 55 | 125.4 | 25.6 | 23.6 | -13.2 | -14.2 | 1.9 | -5.2 | 16.2 | 7.6 | 14.4 |
| Financing Cash Flow
| 5.109 | 182.766 | 294.858 | 443.678 | 548.625 | 142.722 | 153.952 | 210.515 | 112.562 | 148.245 | 23.98 | 108.297 | 83.176 | -207.129 | -384.192 | 79.024 | -178.508 | -387.388 | 49.322 | 216.686 | 263.104 | 148.343 | 130.347 | 79.309 | 26.403 | 62.2 | -6.2 | 63.7 | 24.7 | 47.2 | 30.5 | 8.9 | -8.2 | 14.5 | 7 | 12.4 |
| Other Information: | ||||||||||||||||||||||||||||||||||||
| Effect Of Forex Changes On Cash
| 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 | 0 | 0 | 0 | 0 |
| Net Change In Cash
| -49.899 | 95.41 | -35.102 | -9.232 | 53.401 | -4.94 | 15.506 | -28.456 | -2.589 | 11.767 | -45.065 | -60.701 | -161.326 | -44.266 | 96.638 | 231.031 | -21.584 | 6.147 | 5.62 | -5.293 | 11.074 | 1.01 | 10.206 | -7.624 | -0.497 | 4.7 | 10.1 | -15.7 | -17.2 | -23.7 | -37.4 | -23.3 | -21.9 | -20.8 | -15.8 | -16.4 |
| Cash At End Of Period
| 119.882 | 169.781 | 74.371 | 109.473 | 118.705 | 65.304 | 70.244 | 54.738 | 83.194 | 85.783 | 74.016 | 119.081 | 179.782 | 341.108 | 385.374 | 288.736 | 57.705 | 79.289 | 73.142 | 67.586 | 72.815 | 61.741 | 60.731 | 50.525 | 58.149 | 58.6 | 53.9 | 43.8 | 50.6 | 17.2 | 23.7 | 33.8 | 23.4 | 21.9 | 20.8 | 15.9 |