Company / Book Value per Share
INDEPENDENT BANK CORP /MI/ Book Value per Share History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Book Value per Share
$24.07
FY2025
5-year range
$16.418 / $24.07
FY2021-FY2025
Trend
+10.3%
vs FY2024
Sector context
#245 of 381
Financials
What the data says
At $24.07, INDEPENDENT BANK CORP /MI/'s book value per share ranks #245 of 381 in the Financials sector. Book Value per Share has increased for 3 consecutive years, from $16.418 in FY2022 to $24.07 in FY2025.
Based on SEC 10-K filings.
$24.07 in FY2025 with a 5-year CAGR of +6.8%.
Improved from $19.201 to $24.07 over the past 2 years.
Financials sector context is included.
Book Value per Share over time
Growth rates
- 3-Year CAGR
- +13.6%
- 5-Year CAGR
- +6.8%
- 10-Year CAGR
- -
Sector benchmark
#245 of 381 in FinancialsTop 64% of 381This company $24.07 Sector average $9.2K
▼
-99.7% below sector average
Key checks
Key Insights
- INDEPENDENT BANK CORP /MI/'s book value per share has grown for 3 consecutive years.
- 5-year CAGR of +6.8%, indicating consistent growth.
- In FY2025, book value per share increased 10.3% year-over-year.
- Ranks #245 out of 381 companies in the Financials sector.
Company context
Key Data Points
- Altman Z-Score 0.09 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Book Value per ShareValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $24.07 | +10.3% |
| FY2024 | $21.823 | +13.7% |
| FY2023 | $19.201 | +16.9% |
| FY2022 | $16.418 | -10.0% |
| FY2021 | $18.234 | +5.2% |
| FY2020 | $17.326 | +16.7% |
| FY2019 | $14.85 | -6.5% |
| FY2018 | $15.89 | +28.0% |
| FY2017 | $12.418 | +5.9% |
| FY2016 | $11.729 | +3.4% |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026