Independent Bank Corporation
Independent Bank Corporation operates as the holding company for Independent Bank that provides various banking services to individuals and businesses in Michigan. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. It also provides title insurance, investment, and insurance brokerage services. The company offers its services through approximately 67 branches, 1 drive-thru facility, and 12 loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan. Show More...
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Website http://www.independentbank.com
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Sector Financial Services
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Industry Banks-Regional
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Last Quote 31.53 USD
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Last Updated 30-05-2025
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External Links Yahoo Finance Morningstar Ratios
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Interest Coverage
The interest coverage ratio is a debt ratio and profitability ratio used to determine how easily a company can pay interest on its outstanding debt.
Reference: Investopedia -
2010-12 2011-12 2012-12 2013-12 2014-12 2015-12 2016-12 2017-12 2018-12 2019-12 TTM Earnings Per Share USD -4.09 -2.94 0.8 3.55 0.77 0.86 1.05 0.95 1.68 2.0 1.82 Dividends USD 0.18 0.26 0.34 0.42 0.6 0.72 0.74 Payout Ratio % * 30.4 31.4 35.1 42.2 38.1 40.7 Shares Mil 41.0 70.0 33.0 22.0 23.0 23.0 22.0 22.0 24.0 23.0 23.0 Book Value Per Share * USD 5.52 3.77 5.58 9.93 10.76 11.37 11.8 12.55 14.64 15.13 15.33 Free Cash Flow Per Share * USD -0.17 0.89 0.73 2.73 0.51 0.93 0.66 0.6 2.08 1.13 Return on Assets % -0.76 -1.01 1.01 3.88 0.81 0.86 0.92 0.77 1.3 1.34 1.19 Financial Leverage (Average) 58.43 101.34 39.86 9.54 8.98 9.59 10.24 10.53 9.89 10.18 10.82 Return on Equity % -49.48 -73.64 59.43 58.13 7.48 7.98 9.11 7.97 13.19 13.48 12.31 Return on Invested Capital % Interest Coverage Current Ratio Quick Ratio Debt/Equity 2.79 3.67 1.34 0.23 0.19 0.19 0.18 0.24 0.16 0.21 0.42