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Independent Bank Corp

Stock Price

$33.2

2024-10-29

Market Capitalization

$693.9 M

2024-10-29

Revenue

$32 M

FY, 2024

Independent Bank Corp Summary

Company Summary

Overview
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 machines, and Internet and mobile banking services. It also provides title insurance, and investment and insurance services. In addition, the Company acquires and services payment plans used by consumers to purchase vehicle service contracts provided and administered by third parties.
Type
Public
Status
Active
Founded
1864
HQ
Grand Rapids, MI, US | view all locations
Website
https://www.independentbank.com
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Michael M. Magee, Chairman of the Board

    • Aj Harma

      Aj Harma, First Vice President, Area Sales Manager

      • Jaime MacUmber

        Jaime MacUmber, Senior Vice President, Director of Treasury Management

        • William B. Kessel

          William B. Kessel, Director, President and Chief Executive Officer

          Operating MetricsView all

          Bank Branches

          62

          FY, 2016

          Non-performing Loans

          $8.5M
          21.6%

          Q2, 2017

          Non-accrual Loans

          $8.5M
          20.9%

          Q2, 2017

          LocationsView all

          2 locations detected

          • Grand Rapids, MI HQ

            United States

            4200 E Beltline Ave NE

          • Brighton, MI

            United States

            802 W Grand River Ave

          Independent Bank Corp Financials

          Summary Financials

          Revenue (Q1, 2025)
          $7.3M
          Net income (Q1, 2025)
          $15.6M
          Cash (Q1, 2025)
          $128.1M
          Enterprise value
          $572.1M

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