IBCP (Independent Bank (Ionia MI)) ROE % Adjusted to Book Value : 8.12% (As of Sep. 2024)

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What is Independent Bank (Ionia MI) ROE % Adjusted to Book Value?

Independent Bank (Ionia MI)'s ROE % for the quarter that ended in Sep. 2024 was 12.51%. Independent Bank (Ionia MI)'s PB Ratio for the quarter that ended in Sep. 2024 was 1.54. Independent Bank (Ionia MI)'s ROE % Adjusted to Book Value for the quarter that ended in Sep. 2024 was 8.12%.

Independent Bank (Ionia MI) ROE % Adjusted to Book Value Historical Data

The historical data trend for Independent Bank (Ionia MI)'s ROE % Adjusted to Book Value 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) ROE % Adjusted to Book Value Chart

Independent Bank (Ionia MI) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROE % Adjusted to Book Value

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9.30

14.60

12.57

11.71

11.72

Independent Bank (Ionia MI) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															18.34	10.53	12.19	13.37	8.12

Competitive Comparison of Independent Bank (Ionia MI)'s ROE % Adjusted to Book Value

For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Independent Bank (Ionia MI)'s ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Independent Bank (Ionia MI)'s ROE % Adjusted to Book Value falls into.

Independent Bank (Ionia MI) ROE % Adjusted to Book Value Calculation

Independent Bank (Ionia MI)'s ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2023 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	15.71%	/	1.34
	=	11.72%

Independent Bank (Ionia MI)'s ROE % Adjusted to Book Value for the quarter that ended in Sep. 2024 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	12.51%	/	1.54
	=	8.12%

Independent Bank (Ionia MI) ROE % Adjusted to Book Value Related Terms

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Independent Bank (Ionia MI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Corp (Ionia MI) (NAS:IBCP) » Definitions » ROE % Adjusted to Book Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 East Beltline, Grand Rapids, MI, USA, 49525

Website

https://www.independentbank.com

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

Patrick J Ervin	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Daniel Larry R Jr	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Gavin A. Mohr	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Christina Keller	director	4200 E BELTLINE AVE, GRAND RAPIDS MI 49525
Stefanie M Kimball	officer: Executive Vice President	230 WEST MAIN STREET, IONIA MI 48846
James J Twarozynski	officer: Sr Vice President & Controller	201 HIGHLAND DRIVE, ROCKFORD MI 49341
Terance L Beia	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Archer Dennis W. Jr	director	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
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