IBCPNasdaqState Commercial BanksFiscal year ends December 31
INDEPENDENT BANK CORP /MI/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$35.61+0.01 (+0.03%)
Close on Oct 19, 2026
- Market cap
- $740.94M
- P/E (TTM)
- 10.4
- Dividend yield
- 2.92%
Dividends
Dividend declared per share by fiscal year, adjusted for stock splits
Per share, FY2025
$1.04
+8.3% on the prior year
Consecutive increases
12 years
Every year since FY2013
Dividend yield
2.92%
Latest annual dividend ÷ share price
Payout ratio, FY2025
31.5%
Dividends paid ÷ net income
Dividend history
By fiscal year
| Fiscal year | Per share | Change | Cash paid | Payout ratio |
|---|---|---|---|---|
| FY2025 | $1.04 | +8.3% | $21.60M | 31.5% |
| FY2024 | $0.96 | +4.3% | $20.05M | 30.0% |
| FY2023 | $0.92 | +4.5% | $19.33M | 32.7% |
| FY2022 | $0.88 | +4.8% | $18.57M | 29.3% |
| FY2021 | $0.84 | +5.0% | $18.16M | 28.9% |
| FY2020 | $0.80 | +11.1% | $17.62M | 31.4% |
| FY2019 | $0.72 | +20.0% | $16.55M | 35.6% |
| FY2018 | $0.60 | +42.9% | $14.06M | 35.3% |
| FY2017 | $0.42 | +23.5% | $8.96M | 43.8% |
| FY2016 | $0.34 | +30.8% | $7.27M | 32.0% |
| FY2015 | $0.26 | +44.4% | $5.90M | 29.5% |
| FY2014 | $0.18 | – | $4.13M | 22.9% |
Ex-dividend and payment dates for each distribution will appear once a dividend calendar source is connected.