15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $32M | $69M | 0.0% | 0.0% | $70M | — | $138M |
| 2024 | $32M | $67M | 0.0% | 0.0% | $55M | — | $120M |
| 2023 | $33M | $59M | 0.0% | 0.0% | $70M | — | $170M |
| 2022 | $32M | $63M | 0.0% | 0.0% | $89M | — | $74M |
| 2021 | $29M | $63M | 0.0% | 0.0% | $104M | — | $109M |
| 2020 | $24M | $56M | 0.0% | 0.0% | $54M | — | $119M |
| 2019 | $26M | $46M | 0.0% | 0.0% | $30M | — | $65M |
| 2018 | $27M | $40M | 0.0% | 0.0% | $41M | — | $70M |
| 2017 | — | $20M | — | — | $34M | — | $55M |
| 2016 | — | $23M | — | — | $20M | — | $83M |
| 2015 | — | $20M | — | — | $19M | — | $86M |
| 2014 | — | $18M | — | — | — | — | $74M |
| 2013 | — | $78M | — | — | $44M | — | $119M |
| 2012 | — | $26M | — | — | $24M | — | $180M |
| 2011 | — | -$20M | — | — | $33M | — | $341M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $8M | $17M | 0.0% | 0.0% | -$14M | — | $175M |
| Dec '25 | $8M | $19M | 0.0% | 0.0% | $6M | — | $138M |
| Sep '25 | $9M | $18M | 0.0% | 0.0% | $17M | — | $209M |
| Jun '25 | $8M | $17M | 0.0% | 0.0% | $17M | — | $146M |
| Mar '25 | $7M | $16M | 0.0% | 0.0% | $18M | — | $128M |
| Dec '24 | $8M | $18M | 0.0% | 0.0% | $12M | — | $120M |
| Sep '24 | $9M | $14M | 0.0% | 0.0% | $16M | — | $122M |
| Jun '24 | $8M | $19M | 0.0% | 0.0% | $7M | — | $214M |
| Mar '24 | $8M | $16M | 0.0% | 0.0% | $20M | — | $162M |
| Dec '23 | $8M | $14M | 0.0% | 0.0% | $15M | — | $170M |
| Sep '23 | $9M | $18M | 0.0% | 0.0% | $24M | — | $127M |
| Jun '23 | $8M | $15M | 0.0% | 0.0% | $8M | — | $129M |
| Mar '23 | $8M | $13M | 0.0% | 0.0% | $22M | — | $227M |
| Dec '22 | $8M | $15M | 0.0% | 0.0% | -$883000 | — | $74M |
| Sep '22 | $9M | $17M | 0.0% | 0.0% | $32M | — | $71M |
| Jun '22 | $8M | $13M | 0.0% | 0.0% | $22M | — | $59M |
| Mar '22 | $7M | $18M | 0.0% | 0.0% | $36M | — | $110M |
| Dec '21 | $8M | $13M | 0.0% | 0.0% | $53M | — | $109M |
| Sep '21 | $8M | $16M | 0.0% | 0.0% | -$12M | — | $126M |
| Jun '21 | $7M | $12M | 0.0% | 0.0% | $30M | — | $69M |
How the market has priced IBCP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, INDEPENDENT BANK CORP /MI/'s revenue has grown 5.9% per year, and net income grown 4.1% per year. These are computed facts, not advice.
As of FY2025, INDEPENDENT BANK CORP /MI/ reported — of total debt against $138M of cash.
In FY2025, gross margin was —, operating margin —, and net margin 213.7%.
As of Jun '26, INDEPENDENT BANK CORP /MI/ traded at a price-to-earnings ratio of about 10.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.