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Independent Bank Corporation
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Market Cap
$664.9M
Volume
103.0K
Cash and Equivalents
$128.1M
EBITDA
N/A
Tax Rate Collected
N/A
Tax Rate Ratio
N/A
Gross Profit
$219.5M
Profit Margin
N/A
52 Week High
$40.32
52 Week Low
$22.53
Dividend
3.24%
Price / Book Value
1.44
Price / Earnings
10.22
Price / Tangible Book Value
1.54
Enterprise Value
N/A
Enterprise Value / EBITDA
N/A
Operating Income
$85.2M
Return on Equity
15.04%
Return on Assets
1.26
Cash and Short Term Investments
$161.8M
Debt
$149.5M
Equity
$467.3M
Revenue
$219.5M
Unlevered FCF
N/A
Sector
Banks
Category
N/A
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