Company / PP&E (Net)
INDEPENDENT BANK CORP /MI/ PP&E (Net) History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest PP&E (Net)
$39.0M
FY2025
5-year range
$35.5M / $39.0M
FY2021-FY2025
Trend
+3.9%
vs FY2024
Sector context
#237 of 320
Financials
What the data says
At $39M, INDEPENDENT BANK CORP /MI/'s pp&e (net) ranks #237 of 320 in the Financials sector. PP&E (Net) has fluctuated over the past 10 years, ranging from $36M in FY2023 to $40M in FY2016.
Based on SEC 10-K filings.
$39M in FY2025 with a 5-year CAGR of +1.5%.
Improved from $36M to $39M over the past 2 years.
Financials sector context is included.
PP&E (Net) over time
Growth rates
- 3-Year CAGR
- +2.8%
- 5-Year CAGR
- +1.5%
- 10-Year CAGR
- -
Sector benchmark
#237 of 320 in FinancialsTop 74% of 320This company $39.0M Sector average $465.1M
▼
-91.6% below sector average
Key checks
Key Insights
- 5-year CAGR of +1.5%, indicating consistent growth.
- In FY2025, pp&e (net) increased 3.9% year-over-year.
- Ranks #237 out of 320 companies in the Financials sector.
- Peak pp&e (net) was recorded in FY2016.
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 | PP&E (Net)Value | YoY GrowthYoY |
|---|---|---|
| FY2025 | $39.0M | +3.9% |
| FY2024 | $37.5M | +5.5% |
| FY2023 | $35.5M | -1.0% |
| FY2022 | $35.9M | -1.4% |
| FY2021 | $36.4M | +0.8% |
| FY2020 | $36.1M | -5.9% |
| FY2019 | $38.4M | -0.9% |
| FY2018 | $38.8M | -1.0% |
| FY2017 | $39.1M | -2.6% |
| FY2016 | $40.2M | -6.8% |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026