Independent Bank Corporation

Independent Bank Corporationverified

IBCP

Price:

$38.5

Market Cap:

$804.42M

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...[Read more]

Industry

Banks - Regional

IPO Date

1985-09-04

Stock Exchange

NASDAQ

Ticker

IBCP

The Current Ratio as of November 2024 (TTM) for Independent Bank Corporation (IBCP) is 0

According to Independent Bank Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0. This represents a change of -100.00% compared to the average of 0.12 of the last 4 quarters.

Independent Bank Corporation (IBCP) Historical Current Ratio (quarterly & annually)

How has IBCP Current Ratio performed in the past?

The mean historical Current Ratio of Independent Bank Corporation over the last ten years is 58.43. The current 0 Current Ratio has changed -100.00% with respect to the historical average. Over the past ten years (40 quarters), IBCP's Current Ratio was at its highest in in the December 2018 quarter at 283.01. The Current Ratio was at its lowest in in the September 2024 quarter at 0.

Quarterly (TTM)
Annual

Average

58.43

Median

19.00

Minimum

0.07

Maximum

283.01

Independent Bank Corporation (IBCP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Independent Bank Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 4.15%

Maximum Annual Current Ratio = 283.01

Minimum Annual Increase = -99.56%

Minimum Annual Current Ratio = 0.07

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.07-99.56%
202216.111.52%
20211.00-8.04%
20201.08-95.04%
201921.88-92.27%
2018283.01155.02%
2017110.984.15%
20162.61-96.54%
201575.554.91%
201472.02-81.84%

Independent Bank Corporation (IBCP) Average Current Ratio

How has IBCP Current Ratio performed in the past?

The current Current Ratio of Independent Bank Corporation (IBCP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

5.73

5-year avg

8.03

10-year avg

58.43

Independent Bank Corporation (IBCP) Current Ratio vs. Peers

How is IBCP’s Current Ratio compared to its peers?

Independent Bank Corporation’s Current Ratio is less than HMN Financial, Inc. (4.41), less than First Northwest Bancorp (2.40), less than Community West Bancshares (0.33), less than First Financial Northwest, Inc. (1.75), less than Great Southern Bancorp, Inc. (12.22), less than Home Bancorp, Inc. (0), less than Heritage Financial Corporation (0.22), less than HomeTrust Bancshares, Inc. (0.13), less than Lake Shore Bancorp, Inc. (0), less than First Community Corporation (0), greater than Home Federal Bancorp, Inc. of Louisiana (-2.41), less than null (0),

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