Independent Bank Corporation

NasdaqGS IBCP

Independent Bank Corporation Return on Equity (ROE) for the Trailing 12 Months (TTM) ending September 30, 2024

Independent Bank Corporation Return on Equity (ROE) is NA for the Trailing 12 Months (TTM) ending September 30, 2024. Return on equity measures profit against shareholder equity; higher ROE indicates superior profitability and value creation.

Independent Bank Corporation Return on Equity (ROE) for the Trailing 12 Months (TTM) ending September 30, 2023 was 16.49%, a -3.86% change year over year.
Independent Bank Corporation Return on Equity (ROE) for the Trailing 12 Months (TTM) ending September 30, 2022 was 17.15%, a 0.10% change year over year.
Independent Bank Corporation Return on Equity (ROE) for the Trailing 12 Months (TTM) ending September 30, 2021 was 17.13%, a 14.18% change year over year.
Independent Bank Corporation Return on Equity (ROE) for the Trailing 12 Months (TTM) ending September 30, 2020 was 15.01%, a 19.61% change year over year.

Key data

Date	Return on Equity (ROE)	Return on Capital Employed (ROCE)	Interest Coverage Ratio	Debt to Equity Ratio

NasdaqGS: IBCP

Independent Bank Corporation

CEO	Mr. William Bradford Kessel CPA
IPO Date	Sept. 4, 1985
Location	United States
Headquarters	4200 East Beltline
Employees	741
Sector	Finance
Industries Banking & Lending Investment Banking & Asset Management

Description

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

Key trends

Past 5 years