Company / Cash & Equivalents
INDEPENDENT BANK CORP /MI/ Cash & Equivalents History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cash & Equivalents
$138.4M
FY2025
5-year range
$74.4M / $169.8M
FY2021-FY2025
Trend
+15.4%
vs FY2024
Sector context
#214 of 258
Financials
What the data says
INDEPENDENT BANK CORP /MI/'s cash & equivalents of $138M is lower than 83% of companies in the Financials sector (FY2025). Cash & Equivalents has fluctuated over the past 10 years, ranging from $55M in FY2017 to $170M in FY2023.
Based on SEC 10-K filings.
$138M in FY2025 with a 5-year CAGR of +3.1%.
Declined from $170M to $138M over the past 2 years.
Financials sector context is included.
Cash & Equivalents over time
Growth rates
- 3-Year CAGR
- +23.0%
- 5-Year CAGR
- +3.1%
- 10-Year CAGR
- -
Sector benchmark
Bottom 17% in FinancialsTop 83% of 258This company $138.4M Sector average $2.8B
▼
-95.1% below sector average
Key checks
Key Insights
- 5-year CAGR of +3.1%, indicating consistent growth.
- In FY2025, cash & equivalents increased 15.4% year-over-year.
- Ranks #214 out of 258 companies in the Financials sector.
- Peak cash & equivalents was recorded in FY2023.
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 | Cash & EquivalentsValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $138.4M | +15.4% |
| FY2024 | $119.9M | -29.4% |
| FY2023 | $169.8M | +128.3% |
| FY2022 | $74.4M | -32.1% |
| FY2021 | $109.5M | -7.8% |
| FY2020 | $118.7M | +81.8% |
| FY2019 | $65.3M | -7.0% |
| FY2018 | $70.2M | +28.3% |
| FY2017 | $54.7M | -34.2% |
| FY2016 | $83.2M | -3.0% |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026