IBCP
Price:
$31.98
Market Cap:
$661.73M
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
According to Independent Bank Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 370.62. This represents a change of 299.68% compared to the average of 92.73 of the last 4 quarters.
The mean historical Current Ratio of Independent Bank Corporation over the last ten years is 37.27. The current 370.62 Current Ratio has changed 99.34% 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 2025 quarter at 370.62. The Current Ratio was at its lowest in in the December 2024 quarter at 0.03.
Average
37.27
Median
0.23
Minimum
0.03
Maximum
370.62
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 = 1.19%
Maximum Annual Current Ratio = 370.62
Minimum Annual Increase = -83.01%
Minimum Annual Current Ratio = 0.03
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 370.62 | 1.19% |
| 2024 | 0.03 | -83.01% |
| 2023 | 0.18 | -14.98% |
| 2022 | 0.22 | -42.91% |
| 2021 | 0.38 | 11.89% |
| 2020 | 0.34 | 68.88% |
| 2019 | 0.20 | 11.06% |
| 2018 | 0.18 | -27.24% |
| 2017 | 0.25 | -23.71% |
| 2016 | 0.32 | -0.68% |
The current Current Ratio of Independent Bank Corporation (IBCP) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
123.61
5-year avg
74.29
10-year avg
37.27
Independent Bank Corporation’s Current Ratio is greater than Great Southern Bancorp, Inc. (2.54), greater than First Financial Corporation (4.47), less than South Plains Financial, Inc. (386.09), greater than Camden National Corporation (1.77), greater than MetroCity Bankshares, Inc. (28.64), greater than Southern Missouri Bancorp, Inc. (1.09), greater than Orrstown Financial Services, Inc. (1.13), greater than Southern California Bancorp (0.24), greater than SmartFinancial, Inc. (1.06), greater than Capital City Bank Group, Inc. (1.24),
| Company | Current Ratio | Market cap |
|---|---|---|
| 2.54 | $682.66M | |
| 4.47 | $719.34M | |
| 386.09 | $668.93M | |
| 1.77 | $766.04M | |
| 28.64 | $792.78M | |
| 1.09 | $685.05M | |
| 1.13 | $681.98M | |
| 0.24 | $559.90M | |
| 1.06 | $633.66M | |
| 1.24 | $718.34M |
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