INDEPENDENT BANK CORP /MI/ Income Statement
IBCP / Financials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
INDEPENDENT BANK CORP /MI/ reported $32M in revenue and $69M in net income for FY2025. Revenue has grown at a 2.4% compound annual rate over the past 7 years.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.1M | $32.0M | $32.9M | $31.6M | $29.1M | $24.0M | $26.0M | $27.1M | - | - | - | - | - | - | - |
| Interest Expense | - | - | $83.3M | $19.4M | $8.3M | $16.2M | $26.3M | $17.5M | $9.1M | $6.9M | $5.9M | $7.3M | $9.2M | $13.1M | $20.2M |
| Income Tax | $12.8M | $16.3M | $14.6M | $14.4M | $14.4M | $13.3M | $11.3M | $9.3M | $18.0M | $10.1M | $9.4M | $7.2M | $1.4M | $0 | -$212.0K |
| 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 |
| EPS (Basic) | $2.82 | $3.00 | $2.91 | $2.56 | $2.03 | $1.70 | $0.96 | $1.06 | $0.96 | $1.06 | $0.88 | $0.79 | $5.87 | $2.51 | -$2.94 |
| EPS (Diluted) | $2.79 | $2.97 | $2.88 | $2.53 | $2.00 | $1.68 | $0.95 | $1.05 | $0.95 | $1.05 | $0.86 | $0.77 | $3.55 | $0.80 | -$2.94 |
| Shares Outstanding | 20.9M | 20.8M | 21.1M | 21.2M | 21.9M | 22.5M | 23.6M | 21.3M | 21.3M | 21.3M | 22.3M | 23.0M | 22.8M | 9.1M | 8.5M |
| Profit Margin | 213.7% | 208.9% | 179.5% | 200.2% | 216.2% | 233.7% | 178.9% | 146.9% | - | - | - | - | - | - | - |