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Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) 10-Year RORE % : 16.10% (As of Dec. 2023)


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What is Independent Bank (Ionia MI) 10-Year RORE %?

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Independent Bank (Ionia MI)'s 10-Year RORE % for the quarter that ended in Dec. 2023 was 16.10%.

The industry rank for Independent Bank (Ionia MI)'s 10-Year RORE % or its related term are showing as below:

IBCP's 10-Year RORE % is ranked better than
75.19% of 1032 companies
in the Banks industry
Industry Median: 7.76 vs IBCP: 16.10

Independent Bank (Ionia MI) 10-Year RORE % Historical Data

The historical data trend for Independent Bank (Ionia MI)'s 10-Year RORE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Independent Bank (Ionia MI) 10-Year RORE % Chart

Independent Bank (Ionia MI) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
10-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -601.59 72.24 17.25 -2.29 16.10

Independent Bank (Ionia MI) Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
10-Year RORE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.91 17.30 16.53 16.10 -

Competitive Comparison of Independent Bank (Ionia MI)'s 10-Year RORE %

For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s 10-Year RORE %, along with its competitors' market caps and 10-Year RORE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Independent Bank (Ionia MI)'s 10-Year RORE % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Independent Bank (Ionia MI)'s 10-Year RORE % distribution charts can be found below:

* The bar in red indicates where Independent Bank (Ionia MI)'s 10-Year RORE % falls into.



Independent Bank (Ionia MI) 10-Year RORE % Calculation

Independent Bank (Ionia MI)'s 10-Year RORE % for the quarter that ended in Dec. 2023 is calculated as:

10-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 10-year -Cumulative Dividends per Share for 10-year )
=( 2.94-0.8 )/( 19.14-6.2 )
=2.14/12.94
=16.54 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of 10-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Dec. 2023 and 10-year before.


Independent Bank (Ionia MI)  (NAS:IBCP) 10-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 10-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Independent Bank (Ionia MI) 10-Year RORE % Related Terms

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Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Business Description

Traded in Other Exchanges
N/A
Address
4200 East Beltline, Grand Rapids, MI, USA, 49525
Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.
Executives
Stefanie M Kimball officer: Executive Vice President 230 WEST MAIN STREET, IONIA MI 48846
Terance L Beia director 4200 E BELTLINE, GRAND RAPIDS MI 49525
Archer Dennis W. Jr director 4200 E BELTLINE, GRAND RAPIDS MI 49525
Christina Keller director 4200 E BELTLINE AVE, GRAND RAPIDS MI 49525
James J Twarozynski officer: Sr Vice President & Controller 201 HIGHLAND DRIVE, ROCKFORD MI 49341
Gavin A. Mohr officer: Executive Vice President 4200 E BELTLINE, GRAND RAPIDS MI 49525
Kristopher Kreter officer: First Vice Pres. & Controller 4200 E BELTLINE, GRAND RAPIDS MI 49525
Ronia F Kruse director 4200 E BELTLINE, GRAND RAPIDS MI 49525
Joel F Rahn officer: Executive Vice President 4200 E BELTLINE, GRAND RAPIDS MI 49525
William B Kessel officer: President of Affiliate Bank INDEPENDENT BANK CORPORATION, 230 WEST MAIN STREET, IONIA MI 48846
Matthew J Missad director 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Patrick J Ervin officer: Executive Vice President 4200 E BELTLINE, GRAND RAPIDS MI 49525
Dennis J Mack officer: Executive Vice President 230 WEST MAIN STREET, IONIA MI 48846
Robert N Shuster officer: Executive Vice President and C 201 HIGHLAND DRIVE, ROCKFORD MI 49341
Stephen A. Erickson officer: EVP and Treasurer 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401