INDEPENDENT BANK CORP /MI/ Cash Flow Statement
IBCP / Financials|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
INDEPENDENT BANK CORP /MI/ generated $77M in operating cash flow and $70M in free cash flow in FY2025. Free cash flow margin was 218.8% of revenue.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.09 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $68.5M | $66.8M | $59.1M | $63.4M | $62.9M | $56.2M | $46.4M | $39.8M | $20.5M | $22.8M | $20.0M | $18.0M | $77.5M | $26.2M | -$20.2M |
| Depreciation & Amortization | - | - | - | - | - | - | - | - | $5.3M | $5.8M | $6.6M | $6.7M | $6.7M | $7.6M | $8.4M |
| Operating Cash Flow | $76.7M | $63.2M | $75.6M | $94.6M | $110.2M | $58.7M | $34.5M | $44.9M | $38.6M | $23.7M | $22.9M | $13.1M | $52.1M | $29.4M | $35.4M |
| Capital Expenditures | $6.5M | $8.0M | $6.0M | $5.7M | $5.8M | $4.4M | $4.9M | $3.9M | $4.2M | $3.5M | $4.4M | $4.3M | $8.4M | $5.3M | $2.8M |
| Free Cash Flow | $70.2M | $55.2M | $69.6M | $89.0M | $104.3M | $54.3M | $29.6M | $41.1M | $34.4M | $20.2M | $18.5M | $8.8M | $43.7M | $24.1M | $32.6M |
| Share Buybacks | $12.4M | $0 | $5.2M | $4.0M | $17.3M | $14.2M | $26.3M | $12.7M | $0 | $16.9M | $13.5M | $0 | $0 | - | - |
| Dividends Paid | $21.6M | $20.0M | $19.3M | $18.6M | $18.2M | $17.6M | $16.6M | $14.1M | $9.0M | $7.3M | $5.9M | $4.1M | $0 | $0 | $0 |
| FCF Margin | 218.8% | 172.6% | 211.4% | 281.1% | 358.5% | 226.0% | 113.9% | 151.4% | - | - | - | - | - | - | - |