INDEPENDENT BANK CORP /MI/
Company Stats
- Market Cap
- $782.3M
- as of Sep 30, 2026
- Shares Outstanding
- 22.1M
- Free Float
- 92.3%
Income Statement
- Revenue
- $32.1M
- Net Income
- $68.5M
- Revenue Growth, 3Y
- 0.5%
- FCF Margin, 3Y Avg
- 200.9%
- FCF Margin, Worst Year
- 172.6%
Cash Flow
- Free Cash Flow
- $70.2M
- FCF Yield
- 9.0%
- Owner FCF Yield
- 8.6%
Balance Sheet
- Cash & Equivalents
- $138.4M
Returns & Capital
- Dividends Paid
- $21.6M
- Dividend Yield
- 2.8%
- Dividend Payout, 3Y Avg
- 31.4%
- Share Repurchases
- $12.4M
- Buyback Yield, 3Y Avg
- 0.7%
- SBC, 3Y Avg
- $2.4M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $32.1M | $70.2M | 218.8% |
| FY2024 | $32.0M | $55.2M | 172.6% |
| FY2023 | $32.9M | $69.6M | 211.4% |
| FY2022 | $31.6M | $89.0M | 281.1% |
| FY2021 | $29.1M | $104.3M | 358.5% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 6, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Banks Post Broad Loan Growth as Funding Costs Ease