Company / Share Buybacks
INDEPENDENT BANK CORP /MI/ Share Buybacks History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Share Buybacks
$12.4M
FY2025
5-year range
$0 / $17.3M
FY2021-FY2025
Trend
-
vs FY2024
Sector context
#231 of 302
Financials
What the data says
INDEPENDENT BANK CORP /MI/'s share buybacks of $12M is lower than 76% of companies in the Financials sector (FY2025). Share Buybacks has fluctuated over the past 10 years, ranging from $0 in FY2024 to $26M in FY2019.
Based on SEC 10-K filings.
$12M in FY2025 with a 5-year CAGR of -2.7%.
Improved from $5M to $12M over the past 2 years.
Financials sector context is included.
Share Buybacks over time
Growth rates
- 3-Year CAGR
- +45.8%
- 5-Year CAGR
- -2.7%
- 10-Year CAGR
- -
Sector benchmark
Bottom 24% in FinancialsTop 76% of 302This company $12.4M Sector average $882.6M
▼
-98.6% below sector average
Key checks
Key Insights
- 5-year CAGR of -2.7%, indicating a declining trend.
- Ranks #231 out of 302 companies in the Financials sector.
- Peak share buybacks was recorded in FY2019.
- Lowest share buybacks in the period was in FY2024.
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 | Share BuybacksValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $12.4M | - |
| FY2024 | $0 | -100.0% |
| FY2023 | $5.2M | +28.6% |
| FY2022 | $4.0M | -76.8% |
| FY2021 | $17.3M | +21.3% |
| FY2020 | $14.2M | -45.9% |
| FY2019 | $26.3M | +107.3% |
| FY2018 | $12.7M | - |
| FY2017 | $0 | -100.0% |
| FY2016 | $16.9M | +24.9% |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026