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Year on year Independent Bank Corp (Michigan) had net income fall -6.76% from 63.35m to 59.07m despite a 25.80% increase in revenues from 230.62m to 290.12m.
| Gross margin | -- |
|---|---|
| Net profit margin | 30.50% |
| Operating margin | 38.28% |
| Return on assets | 1.26% |
|---|---|
| Return on equity | 16.34% |
| Return on investment | -- |
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Cash flow in USDView more
In 2023, Independent Bank Corp (Michigan) increased its cash reserves by 128.29%, or 95.41m. Cash Flow from Financing totalled 182.77m or 63.00% of revenues. In addition the company generated 75.59m in cash from operations while cash used for investing totalled 162.95m.
| Cash flow per share | 3.61 |
|---|---|
| Price/Cash flow per share | 9.44 |
| Book value per share | 20.60 |
|---|---|
| Tangible book value per share | 17.03 |
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Balance sheet in USDView more
| Current ratio | -- |
|---|---|
| Quick ratio | -- |
| Total debt/total equity | 0.1843 |
|---|---|
| Total debt/total capital | -- |
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Growth rates in USD
Year on year, growth in dividends per share increased 4.55% while earnings per share excluding extraordinary items fell by -6.21%. Additionally when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers.
| Div yield(5 year avg) | 3.65% |
|---|---|
| Div growth rate (5 year) | 8.92% |
| Payout ratio (TTM) | 29.82% |
| EPS growth(5 years) | 10.73 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | 10.48 |
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