Independent Bank Corp. (Michigan)

  • Market Cap: Micro Cap
  • Industry: Regional Banks
  • ISIN: US4538386099
USD
33.92
0.77 (2.32%)
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About Independent Bank Corp. (Michigan) stock-summary
stock-summary
Independent Bank Corp. (Michigan)
Regional Banks
Independent Bank Corporation is a bank holding company. The Company owns all of the outstanding stock of Independent Bank (the Bank). The Bank focuses on commercial banking industry. The Bank offers a range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services. The Company's principal markets are the rural and suburban communities across lower Michigan. As of December 31, 2016, the Company's markets were served by the Bank's main office in Grand Rapids, Michigan, and a total of 62 branches, a drive-in facility and 12 loan production offices. The Bank's branches provide lobby and drive-in services, as well as automatic teller machines (ATMs). Its Bank also offers title insurance services through a subsidiary, and investment and insurance services through a third party agreement with Cetera Investment Services LLC.
Company Coordinates stock-summary
Company Details
4200 E Beltline Ave NE , GRAND RAPIDS MI : 49525-9783
Registrar Details
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Shareholding Snapshotstock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 56 Schemes (37.15%)

Foreign Institutions

Held by 74 Foreign Institutions (8.8%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summary Board of Directorsstock-summary
Management
Designation
Mr. Michael Magee
Independent Chairman of the Board
Mr. William Kessel
President, Chief Executive Officer, Director
Mr. William Boer
Lead Independent Director
Mr. Dennis Archer
Director
Ms. Ronia Kruse
Director
Mr. Terrance Beia
Independent Director
Ms. Joan Budden
Independent Director
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Revenue and Profits:
Net Sales:
67 Million
(Quarterly Results - Jun 2025)
Net Profit:
17 Million
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Industry

Regional Banks

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Market cap

USD 682 Million (Micro Cap)

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P/E

10.00

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Industry P/E

NA

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Dividend Yield

0.12%

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Debt Equity

0.00

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Return on Equity

13.80%

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Price to Book

1.45