INDEPENDENT BANK CORP /MI/
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $32.1M | $32.0M | $32.9M | $31.6M | $29.1M |
| Interest expense | — | — | $83.3M | $19.4M | $8.3M |
| Pretax income | $81.3M | $83.0M | $73.7M | $77.8M | $77.3M |
| Income tax expense | $12.8M | $16.3M | $14.6M | $14.4M | $14.4M |
| Net income | $68.5M | $66.8M | $59.1M | $63.4M | $62.9M |
| Balance Sheet | |||||
| Cash and equivalents | $138.4M | $119.9M | $169.8M | $74.4M | $109.5M |
| Total assets | $5.5B | $5.3B | $5.3B | $5.0B | $4.7B |
| Total liabilities | $5.0B | $4.9B | $4.9B | $4.7B | $4.3B |
| Stockholders' equity | $503.0M | $454.7M | $404.4M | $347.6M | $398.5M |
| Cash Flow Statement | |||||
| Cash from operations | $76.7M | $63.2M | $75.6M | $94.6M | $110.2M |
| Depreciation and amortization | $9.9M | $10.0M | $10.0M | $10.8M | $12.1M |
| Stock-based compensation | $2.7M | $2.3M | $2.2M | $2.1M | $1.9M |
| Capital expenditure | $6.5M | $8.0M | $6.0M | $5.7M | $5.8M |
| Free cash flow | $70.2M | $55.2M | $69.6M | $89.0M | $104.3M |
| Dividends paid | $21.6M | $20.0M | $19.3M | $18.6M | $18.2M |
| Share repurchases | $12.4M | $0 | $5.2M | $4.0M | $17.3M |
| Impairments | — | — | — | $0 | $0 |
Shares outstanding 20.6M · Free float 91.8%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.