Independent Bank Corporation (IBCP) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash & Short Term Investments | 48.48M | 161.6M | 392.62M | 336.17M | 657.82M | 145.27M | 710.51M | 806.32M | 775.46M | 849.13M | 812.1M | 860.97M | 994.54M | 853.72M | 874.9M | 919.19M | 1.51B | 1.52B | 1.47B | 1.4B |
| Cash & Due from Banks | 48.48M | 138.39M | 208.69M | 146.16M | 128.15M | 119.88M | 121.56M | 214.35M | 161.84M | 169.78M | 127.46M | 129.19M | 227.02M | 74.37M | 70.63M | 59.49M | 109.82M | 109.47M | 125.62M | 69.25M |
| Short Term Investments | 0 | 23.22M | 183.93M | 190.01M | 529.68M | 25.39M | 588.95M | 591.97M | 613.62M | 679.35M | 684.64M | 731.78M | 767.53M | 779.35M | 804.27M | 859.7M | 1.4B | 1.41B | 1.35B | 1.33B |
| Total Investments | 5.22B | 5.03B | 4.97B | 4.95B | 4.89B | 4.89B | 4.83B | 4.75B | 4.76B | 4.78B | 4.74B | 4.69B | 4.61B | 4.61B | 4.55B | 4.48B | 4.39B | 4.36B | 4.26B | 4.16B |
| Investments Growth % | 6.77% | 2.9% | 2.9% | 4.34% | 2.79% | 2.18% | 1.85% | 1.25% | 3.1% | 3.63% | 4.22% | 4.6% | 5.13% | 5.8% | 6.74% | 7.81% | 8.01% | 12.89% | 9.21% | 10.26% |
| Long-Term Investments | 5.22B | 5B | 4.79B | 4.76B | 4.36B | 4.86B | 4.24B | 4.16B | 4.14B | 4.1B | 4.06B | 3.96B | 3.85B | 3.83B | 3.75B | 3.62B | 2.99B | 2.95B | 2.92B | 2.83B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 29.19M | 60.79M | 60.95M | 61.6M | 61.84M | 76.58M | 70.12M | 74.45M | 73.75M | 72.55M | 76.5M | 75M | 72.64M | 73.34M | 74.16M | 70.65M | 67.34M | 57.87M | 56.09M | 54.55M |
| Goodwill | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M | 28.3M |
| Intangible Assets | 886K | 32.49M | 32.65M | 33.3M | 33.54M | 48.28M | 41.82M | 46.15M | 45.45M | 44.25M | 48.2M | 46.7M | 44.34M | 45.04M | 45.85M | 42.35M | 39.04M | 29.57M | 27.79M | 26.25M |
| PP&E (Net) | 49.32M | 38.97M | 38.8M | 38.41M | 37.37M | 37.49M | 35.25M | 35.04M | 34.59M | 35.52M | 35.35M | 36.16M | 35.76M | 35.89M | 35.71M | 36.15M | 37.38M | 36.4M | 36.62M | 36.51M |
| Other Assets | 191.99M | 240.26M | 213.17M | 217.84M | 212.3M | 218.44M | 201.15M | 205.01M | 204.91M | 204.23M | 217.2M | 205.09M | 73.47M | 73.31M | 73.15M | 73.25M | 73.08M | 73.95M | 73.78M | 74.17M |
| Total Current Assets | 67.34M | 161.6M | 392.62M | 336.17M | 657.82M | 145.27M | 710.51M | 806.32M | 775.46M | 849.13M | 812.1M | 860.97M | 1.11B | 982.62M | 1B | 1.02B | 1.6B | 1.59B | 1.54B | 1.47B |
| Total Non-Current Assets | 5.49B | 5.34B | 5.1B | 5.08B | 4.67B | 5.19B | 4.55B | 4.47B | 4.46B | 4.41B | 4.39B | 4.27B | 4.03B | 4.02B | 3.93B | 3.8B | 3.17B | 3.12B | 3.08B | 2.99B |
| Total Assets | 5.56B | 5.51B | 5.49B | 5.42B | 5.33B | 5.34B | 5.26B | 5.28B | 5.23B | 5.26B | 5.2B | 5.14B | 5.14B | 5B | 4.93B | 4.83B | 4.76B | 4.7B | 4.62B | 4.46B |
| Asset Growth % | 4.3% | 3.14% | 4.45% | 2.67% | 1.86% | 1.41% | 1.14% | 2.76% | 1.8% | 5.28% | 5.45% | 6.41% | 7.92% | 6.27% | 6.69% | 8.18% | 7.58% | 11.91% | 10.88% | 10.34% |
| Return on Assets (ROA) | 0.31% | 0.34% | 0.32% | 0.31% | 0.29% | 0.35% | 0.26% | 0.35% | 0.3% | 0.26% | 0.34% | 0.29% | 0.26% | 0.3% | 0.35% | 0.27% | 0.38% | 0.27% | 0.35% | 0.28% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 74.11M | 116.87M | 41.85M | 181.46M | 124.43M | 124.39M | 79.35M | 129.32M | 129.25M | 129.26M | 129.22M | 169.18M | 129.16M | 226.1M | 165.76M | 104.53M | 108.99M | 108.96M | 108.92M | 108.88M |
| Net Debt | 25.64M | -21.52M | -166.83M | 35.3M | -3.71M | 4.51M | -42.21M | -85.03M | -32.59M | -40.52M | 1.75M | 39.99M | -97.86M | 151.73M | 95.13M | 45.04M | -830K | -515K | -16.7M | 39.63M |
| Long-Term Debt | 66.89M | 116.87M | 41.85M | 181.46M | 124.43M | 124.39M | 79.35M | 129.32M | 129.25M | 129.26M | 129.22M | 169.18M | 129.16M | 165.1M | 165.76M | 104.53M | 108.99M | 108.96M | 108.92M | 108.88M |
| Short-Term Debt | 1.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 4.97B | 124.22M | 101.36M | 108.45M | 102.79M | 104.94M | 100.68M | 103.39M | 104.02M | 107.13M | 110.19M | 103.58M | 0 | -61M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 1.09M | 4.76B | 4.86B | 4.66B | 4.63B | 4.65B | 4.63B | 4.61B | 4.58B | 4.62B | 4.59B | 4.49B | 4.64B | 4.55B | 4.43B | 4.39B | 4.3B | 4.2B | 4.11B | 3.96B |
| Total Non-Current Liabilities | 5.05B | 241.09M | 143.22M | 289.91M | 227.22M | 229.33M | 180.02M | 232.71M | 233.27M | 236.4M | 239.41M | 272.77M | 129.16M | 104.1M | 165.76M | 104.53M | 108.99M | 108.96M | 108.92M | 108.88M |
| Total Liabilities | 5.05B | 5B | 5B | 4.95B | 4.86B | 4.88B | 4.81B | 4.85B | 4.82B | 4.86B | 4.83B | 4.76B | 4.77B | 4.65B | 4.6B | 4.5B | 4.41B | 4.31B | 4.22B | 4.07B |
| Total Equity | 510.55M | 502.95M | 490.74M | 469.25M | 467.28M | 454.69M | 452.37M | 430.46M | 415.57M | 404.45M | 375M | 375.16M | 367.71M | 347.6M | 332.31M | 331.13M | 355.45M | 398.48M | 400.03M | 395.97M |
| Equity Growth % | 9.26% | 10.62% | 8.48% | 9.01% | 12.44% | 12.42% | 20.63% | 14.74% | 13.01% | 16.36% | 12.85% | 13.3% | 3.45% | -12.77% | -16.93% | -16.37% | -8.23% | 2.3% | 7.22% | 11.5% |
| Equity / Assets (Capital Ratio) | 9.19% | 9.14% | 8.93% | 8.66% | 8.77% | 8.52% | 8.6% | 8.16% | 7.94% | 7.68% | 7.21% | 7.31% | 7.16% | 6.95% | 6.74% | 6.86% | 7.46% | 8.47% | 8.65% | 8.88% |
| Return on Equity (ROE) | 3.33% | 3.74% | 3.65% | 3.6% | 3.38% | 4.07% | 3.13% | 4.38% | 3.9% | 3.53% | 4.68% | 3.98% | 3.63% | 4.44% | 5.21% | 3.79% | 4.77% | 3.13% | 4.01% | 3.16% |
| Book Value per Share | 24.57 | 24.12 | 23.48 | 22.40 | 22.09 | 21.53 | 21.42 | 20.40 | 19.71 | 19.21 | 17.76 | 17.68 | 17.27 | 16.34 | 15.64 | 15.57 | 16.61 | 18.56 | 18.41 | 18.03 |
| Tangible BV per Share | 23.16 | 21.21 | 20.56 | 19.46 | 19.17 | 17.90 | 18.10 | 16.87 | 16.22 | 15.77 | 14.14 | 14.14 | 13.86 | 12.90 | 12.15 | 12.25 | 13.46 | 15.86 | 15.83 | 15.54 |
| Common Stock | 307.68M | 307.85M | 311.77M | 311.65M | 318.37M | 318.78M | 318.22M | 317.68M | 317.1M | 317.48M | 317.14M | 318.24M | 321.03M | 320.99M | 320.44M | 319.88M | 321.98M | 323.4M | 326.39M | 332.46M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 263.9M | 252.79M | 239.6M | 227.48M | 216M | 205.85M | 192.41M | 183.61M | 170.1M | 159.11M | 150.16M | 137.43M | 127.5M | 119.37M | 108.92M | 96.25M | 87.88M | 74.58M | 66.54M | 55.1M |
| Accumulated OCI | -61.02M | -57.69M | -60.63M | -69.89M | -67.08M | -69.94M | -58.25M | -70.83M | -71.63M | -72.14M | -92.3M | -80.51M | -80.81M | -92.76M | -97.05M | -85M | -54.41M | 501K | 7.1M | 8.42M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |