What one share of Independent Bank holds
Independent Bank Corporation was incorporated under the laws of the State of Michigan on September 17, 1973, for the purpose of becoming a bank holding company. We are registered under the Bank Holding Company Act of 1956, as amended, and own all of the outstanding stock of Independent Bank (the "bank"), which is also organized under the laws of the State of Michigan.
Independent Bank’s numbers from its SEC filings, divided by its shares. Results cover the last 12 months to 2026-06-30; the balance sheet is as of 2026-06-30.
| Sales | $11.52 |
|---|---|
| Profit | $3.48 |
| Capex (buildings and equipment) | $0.55 |
| Free cash flow | $1.85 |
| Dividends | $1.08 |
| Cash and investments | $8.03 |
| Book value | $25.65 |
Per share by fiscal year
| Year | Sales | Profit | Capex | Free cash | Dividends | Book value |
|---|---|---|---|---|---|---|
| 2009 | $83.08 | −$39.60 | $3.35 | −$1.52 | $0.30 | $46.02 |
| 2010 | $36.07 | −$4.09 | $0.94 | −$1.43 | $0.00 | $5.52 |
| 2011 | $20.59 | −$2.94 | $0.40 | $4.75 | $0.00 | $2.68 |
| 2013 | $5.62 | $3.55 | $0.38 | $2.00 | $0.00 | $10.15 |
| 2014 | $4.89 | $0.79 | $0.19 | $0.38 | $0.18 | $10.91 |
| 2015 | $5.07 | $0.88 | $0.19 | $0.81 | $0.26 | $11.34 |
| 2016 | $5.70 | $1.06 | $0.16 | $0.95 | $0.34 | $11.73 |
| 2017 | $6.18 | $0.96 | $0.20 | $1.61 | $0.42 | $12.42 |
| 2018 | $6.75 | $1.70 | $0.17 | $1.75 | $0.60 | $14.38 |
| 2019 | $7.44 | $2.03 | $0.22 | $1.29 | $0.72 | $15.58 |
| 2020 | $9.30 | $2.56 | $0.20 | $2.47 | $0.80 | $17.82 |
| 2021 | $9.56 | $2.91 | $0.27 | $4.83 | $0.84 | $18.82 |
| 2022 | $10.02 | $3.00 | $0.27 | $4.22 | $0.88 | $16.50 |
| 2023 | $9.87 | $2.82 | $0.29 | $3.32 | $0.92 | $19.41 |
| 2024 | $10.66 | $3.20 | $0.38 | $2.64 | $0.96 | $21.76 |
| 2025 | $10.87 | $3.30 | $0.31 | $3.38 | $1.04 | $24.48 |
Common questions about Independent Bank
How much does one share of Independent Bank earn?
Over the last 12 months, each share of Independent Bank earned $3.48 of profit on $11.52 of sales, keeping about 30¢ of every $1 (profit margin).
Does Independent Bank pay a dividend?
Yes. Independent Bank paid $1.08 per share in dividends over the last 12 months. That’s about 31¢ of each $1 of profit (payout ratio).
What is Independent Bank’s book value per share?
Independent Bank’s book value is $25.65 per share: what would be left for each share if it sold everything at the values on its books and paid every debt, as of June 30, 2026.
How much cash and debt does each share of Independent Bank have?
Each share of Independent Bank has $8.03 of cash and investments, as of June 30, 2026.
What is Independent Bank’s free cash flow per share?
$1.85 per share over the last 12 months. Free cash flow is the cash left over after spending on buildings and equipment.
Has Independent Bank bought back shares?
Independent Bank’s share count rose about 770% from 2009 to 2025. That dilution means each share owns a smaller slice of the company.
From its SEC filings. For education only, not investment advice. New to these words? See the StockSlicer glossary.