Company / Return on Equity (ROE)
INDEPENDENT BANK CORP /MI/ Return on Equity (ROE) History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Return on Equity (ROE)
13.6%
FY2025
5-year range
13.3% / 14.7%
FY2021-FY2025
Trend
-7.2%
vs FY2024
Sector context
#124 of 390
Financials
What the data says
At 13.6%, INDEPENDENT BANK CORP /MI/'s return on equity (roe) ranks #124 of 390 in the Financials sector. Return on Equity (ROE) has fluctuated over the past 10 years, ranging from 7.7% in FY2019 to 14.7% in FY2024.
Based on SEC 10-K filings.
13.6% in FY2025 with a 5-year CAGR of +1.9%.
Declined from 14.6% to 13.6% over the past 2 years.
Financials sector context is included.
Return on Equity (ROE) over time
Growth rates
- 3-Year Change
- -0.8pp
- 5-Year Change
- +1.9pp
- 10-Year Change
- -
Sector benchmark
#124 of 390 in FinancialsTop 32% of 390This company 13.6% Sector average 17.6%
▼
-22.4% below sector average
Key checks
Key Insights
- In FY2025, return on equity (roe) decreased 7.2% year-over-year.
- Currently 3.9pp below the Financials sector average.
- Peak return on equity (roe) was recorded in FY2024.
- Lowest return on equity (roe) in the period was in FY2019.
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 | Return on Equity (ROE)Value | YoY GrowthYoY |
|---|---|---|
| FY2025 | 13.6% | -7.2% |
| FY2024 | 14.7% | +0.6% |
| FY2023 | 14.6% | +1.2% |
| FY2022 | 14.4% | +8.7% |
| FY2021 | 13.3% | +12.9% |
| FY2020 | 11.8% | +52.0% |
| FY2019 | 7.7% | -15.4% |
| FY2018 | 9.1% | +18.2% |
| FY2017 | 7.7% | -15.3% |
| FY2016 | 9.1% | +15.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026