Independent Bank Debt to Equity Ratio 2010-2023 | IBCP
Current and historical debt to equity ratio values for Independent Bank (IBCP) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Independent Bank debt/equity for the three months ending December 31, 2023 was 0.32.
| Independent Bank Debt/Equity Ratio Historical Data |
| Date |
Long Term Debt |
Shareholder's Equity |
Debt to Equity Ratio |
| 2023-12-31 |
$4.86B |
$0.40B |
12.02 |
| 2023-09-30 |
$4.83B |
$0.38B |
12.87 |
| 2023-06-30 |
$4.76B |
$0.38B |
12.69 |
| 2023-03-31 |
$4.77B |
$0.37B |
12.98 |
| 2022-12-31 |
$4.65B |
$0.35B |
13.38 |
| 2022-09-30 |
$4.60B |
$0.33B |
13.84 |
| 2022-06-30 |
$4.50B |
$0.33B |
13.58 |
| 2022-03-31 |
$4.41B |
$0.36B |
12.40 |
| 2021-12-31 |
$4.31B |
$0.40B |
10.81 |
| 2021-09-30 |
$4.22B |
$0.40B |
10.56 |
| 2021-06-30 |
$4.07B |
$0.40B |
10.27 |
| 2021-03-31 |
$4.04B |
$0.39B |
10.43 |
| 2020-12-31 |
$3.81B |
$0.39B |
9.79 |
| 2020-09-30 |
$3.80B |
$0.37B |
10.17 |
| 2020-06-30 |
$3.69B |
$0.36B |
10.39 |
| 2020-03-31 |
$3.30B |
$0.34B |
9.82 |
| 2019-12-31 |
$3.22B |
$0.35B |
9.18 |
| 2019-09-30 |
$3.21B |
$0.34B |
9.44 |
| 2019-06-30 |
$3.11B |
$0.33B |
9.39 |
| 2019-03-31 |
$3.04B |
$0.35B |
8.82 |
| 2018-12-31 |
$3.01B |
$0.34B |
8.89 |
| 2018-09-30 |
$2.95B |
$0.35B |
8.55 |
| 2018-06-30 |
$2.90B |
$0.34B |
8.60 |
| 2018-03-31 |
$2.53B |
$0.27B |
9.43 |
| 2017-12-31 |
$2.52B |
$0.27B |
9.53 |
| 2017-09-30 |
$2.49B |
$0.27B |
9.29 |
| 2017-06-30 |
$2.40B |
$0.26B |
9.16 |
| 2017-03-31 |
$2.34B |
$0.26B |
9.16 |
| 2016-12-31 |
$2.30B |
$0.25B |
9.24 |
| 2016-09-30 |
$2.29B |
$0.25B |
9.12 |
| 2016-06-30 |
$2.21B |
$0.25B |
8.93 |
| 2016-03-31 |
$2.25B |
$0.24B |
9.38 |
| 2015-12-31 |
$2.16B |
$0.25B |
8.59 |
| 2015-09-30 |
$2.14B |
$0.25B |
8.47 |
| 2015-06-30 |
$2.04B |
$0.25B |
8.00 |
| 2015-03-31 |
$2.08B |
$0.25B |
8.18 |
| 2014-12-31 |
$2.00B |
$0.25B |
7.98 |
| 2014-09-30 |
$1.99B |
$0.25B |
8.07 |
| 2014-06-30 |
$2.01B |
$0.24B |
8.26 |
| 2014-03-31 |
$2.02B |
$0.24B |
8.55 |
| 2013-12-31 |
$1.98B |
$0.23B |
8.54 |
| 2013-09-30 |
$1.96B |
$0.23B |
8.64 |
| 2013-06-30 |
$1.93B |
$0.21B |
9.22 |
| 2013-03-31 |
$1.96B |
$0.14B |
13.61 |
| 2012-12-31 |
$1.89B |
$0.14B |
13.99 |
| 2012-09-30 |
$2.28B |
$0.12B |
18.76 |
| 2012-06-30 |
$2.29B |
$0.11B |
20.24 |
| 2012-03-31 |
$2.31B |
$0.11B |
22.03 |
| 2011-12-31 |
$2.21B |
$0.10B |
21.48 |
| 2011-09-30 |
$2.21B |
$0.11B |
19.92 |
| 2011-06-30 |
$2.20B |
$0.11B |
19.25 |
| 2011-03-31 |
$2.36B |
$0.11B |
20.93 |
| 2010-12-31 |
$2.42B |
$0.12B |
20.29 |
| 2010-09-30 |
$2.61B |
$0.13B |
20.88 |
| 2010-06-30 |
$2.61B |
$0.13B |
20.11 |
| 2010-03-31 |
$2.80B |
$0.10B |
28.84 |
| 2009-12-31 |
$2.86B |
$0.11B |
25.99 |
| 2009-09-30 |
$2.80B |
$0.16B |
17.71 |
| 2009-06-30 |
$2.80B |
$0.18B |
15.99 |
| 2009-03-31 |
$2.78B |
$0.18B |
15.64 |
| Sector |
Industry |
Market Cap |
Revenue |
| Finance |
Banks - Midwest |
$0.484B |
$0.290B |
|
Independent Bank Corporation is a bank holding company. Its subsidiary banks principally serve rural and suburban communities located across Michigan's Lower Peninsula. The Banks emphasize service and convenience as a principal means of competing in the delivery of financial services.
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