Company / Goodwill
INDEPENDENT BANK CORP /MI/ Goodwill History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Goodwill
$28.3M
FY2025
5-year range
$28.3M / $28.3M
FY2021-FY2025
Trend
+0.0%
vs FY2024
Sector context
#285 of 320
Financials
What the data says
INDEPENDENT BANK CORP /MI/'s goodwill of $28M is lower than 89% of companies in the Financials sector (FY2025).
Based on SEC 10-K filings.
$28M in FY2025 with a 5-year CAGR of +0.0%.
Remained stable around $28M over the past 2 years.
Financials sector context is included.
Goodwill over time
Growth rates
- 3-Year CAGR
- +0.0%
- 5-Year CAGR
- +0.0%
- 10-Year CAGR
- -
Sector benchmark
Bottom 11% in FinancialsTop 89% of 320This company $28.3M Sector average $2.9B
▼
-99.0% below sector average
Key checks
Key Insights
- 5-year CAGR of +0.0%, indicating consistent growth.
- In FY2025, goodwill increased 0.0% year-over-year.
- Ranks #285 out of 320 companies in the Financials sector.
- Lowest goodwill in the period was in FY2017.
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 | GoodwillValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $28.3M | +0.0% |
| FY2024 | $28.3M | +0.0% |
| FY2023 | $28.3M | +0.0% |
| FY2022 | $28.3M | +0.0% |
| FY2021 | $28.3M | +0.0% |
| FY2020 | $28.3M | +0.0% |
| FY2019 | $28.3M | +0.0% |
| FY2018 | $28.3M | - |
| FY2017 | $0 | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026