Quick Answer
INDEPENDENT BANK CORP /MI/ reported Net Income of $68.54 million for fiscal year 2025.
INDEPENDENT BANK CORP /MI/ — Key Financials by Year
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net Income | $68.54M +2.6% |
$66.79M +13.1% |
$59.07M -6.8% |
$63.35M +0.7% |
$62.90M +12.0% |
$56.15M +20.9% |
| Diluted EPS | $3.27 +3.5% |
$3.16 +13.3% |
$2.79 -6.1% |
$2.97 +3.1% |
$2.88 +13.8% |
$2.53 +26.5% |
| Total Assets | $5.51B +3.1% |
$5.34B +1.4% |
$5.26B +5.3% |
$5.00B +6.3% |
$4.70B +11.9% |
$4.20B +17.9% |
| Cash and Equivalents | $138.39M +15.4% |
$119.88M -29.4% |
$169.78M +128.3% |
$74.37M -32.1% |
$109.47M -7.8% |
$118.70M +81.8% |
| Stockholders Equity | $502.95M +10.6% |
$454.69M +12.4% |
$404.45M +16.4% |
$347.60M -12.8% |
$398.48M +2.3% |
$389.52M +11.2% |
| Shares Outstanding | 20.55M -1.7% |
20.90M +0.3% |
20.84M -1.1% |
21.06M -0.5% |
21.17M -3.1% |
21.85M -2.8% |
Most Recent Quarter
| Metric | Quarter Ending | Value | YoY | QoQ |
|---|---|---|---|---|
| Total Revenue | March 31, 2018 | $6.28M | — | — |
| Revenue (ASC 606) | March 31, 2018 | $6.28M | — | — |
| Net Income | September 30, 2025 | $17.50M | +26.7% | +3.7% |
| Diluted EPS | September 30, 2025 | $0.84 | +29.2% | +3.7% |
| Total Assets | September 30, 2025 | $5.49B | +4.4% | +1.4% |
| Cash and Equivalents | September 30, 2025 | $208.69M | +71.7% | +42.8% |
| Stockholders Equity | September 30, 2025 | $490.74M | +8.5% | +4.6% |
| Shares Outstanding | September 30, 2025 | 20.69M | -1.0% | -0.1% |
- INDEPENDENT BANK CORP /MI/ reported Net Income of $68.54 million for fiscal year 2025.
- INDEPENDENT BANK CORP /MI/ showed an increase of +2.6% in Net Income compared to the prior fiscal year.
- INDEPENDENT BANK CORP /MI/ reported Diluted EPS of $3.27 per share for fiscal year 2025.
- INDEPENDENT BANK CORP /MI/ showed an increase of +3.5% in Diluted EPS compared to the prior fiscal year.
- INDEPENDENT BANK CORP /MI/ reported Total Assets of $5.51 billion for fiscal year 2025.
- INDEPENDENT BANK CORP /MI/ showed an increase of +3.1% in Total Assets compared to the prior fiscal year.
- INDEPENDENT BANK CORP /MI/ reported Cash and Equivalents of $138.39 million for fiscal year 2025.
- INDEPENDENT BANK CORP /MI/ showed an increase of +15.4% in Cash and Equivalents compared to the prior fiscal year.
- INDEPENDENT BANK CORP /MI/ reported Stockholders Equity of $502.95 million for fiscal year 2025.
- INDEPENDENT BANK CORP /MI/ showed an increase of +10.6% in Stockholders Equity compared to the prior fiscal year.
- INDEPENDENT BANK CORP /MI/ reported Shares Outstanding of 20.55 million shares for fiscal year 2025.
- INDEPENDENT BANK CORP /MI/ showed a decrease of -1.7% in Shares Outstanding compared to the prior fiscal year.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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