Company / Depreciation & Amortization
INDEPENDENT BANK CORP /MI/ Depreciation & Amortization History
FY2016-FY2022 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Depreciation & Amortization
$5.3M
FY2022
5-year range
$5.2M / $5.3M
FY2018-FY2022
Trend
+1.9%
vs FY2021
Sector context
#238 of 282
Financials
What the data says
INDEPENDENT BANK CORP /MI/'s depreciation & amortization of $5M is lower than 84% of companies in the Financials sector (FY2022). Depreciation & Amortization has fluctuated over the past 7 years, ranging from $5M in FY2020 to $6M in FY2018.
Based on SEC 10-K filings.
$5M in FY2022 with a 5-year CAGR of +0.0%.
Increased from $5M to $5M over the past 2 years.
Financials sector context is included.
Depreciation & Amortization over time
Growth rates
- 3-Year CAGR
- +0.0%
- 5-Year CAGR
- +0.0%
- 10-Year CAGR
- -
Sector benchmark
Top 16% in FinancialsTop 16% of 282This company $5.3M Sector average $210.1M
▼
-97.5% below sector average
Key checks
Key Insights
- 5-year CAGR of +0.0%, indicating consistent growth.
- In FY2022, depreciation & amortization increased 1.9% year-over-year.
- Ranks #238 out of 282 companies in the Financials sector.
- Peak depreciation & amortization was recorded in FY2018.
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 | Depreciation & AmortizationValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | - | - |
| FY2022 | $5.3M | +1.9% |
| FY2021 | $5.2M | +2.0% |
| FY2020 | $5.1M | -3.8% |
| FY2019 | $5.3M | -8.6% |
| FY2018 | $5.8M | +9.4% |
| FY2017 | $5.3M | -8.6% |
| FY2016 | $5.8M | -12.1% |
As of FY2022 · SEC 10-K · Updated Jun 30, 2026