Company / Tangible Book Value per Share
INDEPENDENT BANK CORP /MI/ Tangible Book Value per Share History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Tangible Book Value per Share
$22.72
FY2025
5-year range
$15.08 / $22.72
FY2021-FY2025
Trend
+11.0%
vs FY2024
Sector context
#208 of 381
Financials
What the data says
At $22.72, INDEPENDENT BANK CORP /MI/'s tangible book value per share ranks #208 of 381 in the Financials sector. Tangible Book Value per Share has increased for 3 consecutive years, from $15.08 in FY2022 to $22.72 in FY2025.
Based on SEC 10-K filings.
22.72 in FY2025 with a 5-year CAGR of +7.2%.
Improved from $17.86 to $22.72 over the past 2 years.
Financials sector context is included.
Tangible Book Value per Share over time
Growth rates
- 3-Year CAGR
- +14.6%
- 5-Year CAGR
- +7.2%
- 10-Year CAGR
- -
Sector benchmark
#208 of 381 in FinancialsTop 55% of 381This company $22.72 Sector average $9206.56
▼
-99.8% below sector average
Key checks
Key Insights
- INDEPENDENT BANK CORP /MI/'s tangible book value per share has grown for 3 consecutive years.
- In FY2025, tangible book value per share increased 11.0% year-over-year.
- Ranks #208 out of 381 companies in the Financials sector.
- Lowest tangible book value per share in the period was 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 | Tangible Book Value per ShareValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $22.72 | +11.0% |
| FY2024 | $20.46 | +14.6% |
| FY2023 | $17.86 | +18.4% |
| FY2022 | $15.08 | -11.0% |
| FY2021 | $16.94 | +5.4% |
| FY2020 | $16.07 | +17.7% |
| FY2019 | $13.65 | -6.3% |
| FY2018 | $14.56 | +17.3% |
| FY2017 | $12.42 | +5.9% |
| FY2016 | $11.73 | +3.4% |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026