What does Independent Bank Corp. (Michigan) do?

Jun 22 2025 05:55 PM IST
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Independent Bank Corporation is a Michigan-based bank holding company that offers a variety of banking services to individuals and businesses. As of March 2025, it reported net sales of $66 million and a net profit of $16 million, with a market cap of $625.57 million.
Overview:
Independent Bank Corporation is a bank holding company operating in the regional banks industry, focusing on providing a range of banking services to individuals and businesses.

Financial Snapshot:
Most recent Net Sales: 66 Million (Quarterly Results - Mar 2025)
Most recent Net Profit: 16 Million (Quarterly Results - Mar 2025)
Market-cap: USD 625.57 Million (Micro Cap)

Key Metrics:
P/E: 10.00
Dividend Yield: 0.13%
Debt Equity: 0.00
Return on Equity: 14.21%
Price to Book: 1.34

Contact Details:
Address: 4200 E Beltline Ave NE, GRAND RAPIDS MI: 49525-9783
Tel: 1 616 5279450
Website: https://ir.independentbank.com/
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