Independent Bank Corp.
Key Metrics
- Previous Close
- $36.95
- 52-Week Range
- $29.83 – $39.24
- Market Cap
- $767.65M
- P/E (TTM)
- 10.71
- EPS (TTM)
- 3.48
- Dividend Yield
- 3.03%
Advanced Metrics
- Price/Book
- 1.45
- PEG Ratio
- 1.40
- Return on Equity
- 14.38%
- Return on Assets
- 1.29%
- Gross Margin
- 0.00%
- Operating Margin
- 39.93%
- Profit Margin
- 31.09%
- Current Ratio
- —
- Debt/Equity
- —
- Total Debt
- $187.37M
- Free Cash Flow
- —
- Revenue Growth
- 11.20%
- Earnings Growth
- 11.10%
- Enterprise Value
- $825.20M
Market Snapshot
About
Independent Bank Corp. is a Michigan-based bank holding company that operates through its subsidiary, Independent Bank, providing community banking services across Michigan's Lower Peninsula and portions of Ohio. The bank offers traditional banking products including commercial and residential mortgages, consumer loans, business lending, deposit accounts, and treasury management services. Independent Bank emphasizes relationship banking and local decision-making to serve individuals, families, and businesses in its markets. The company operates through a network of banking branches and has grown through organic expansion and strategic acquisitions of smaller community banks. As a regional community bank, it focuses on maintaining strong credit quality and building lasting customer relationships.