Independent Bank Corporation
IBCP · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Operating Activities | – | – | – | – |
| Net Income | $66,790 | $59,067 | $63,351 | $62,895 |
| Dep. & Amort. | $10,005 | $10,019 | $10,827 | $12,130 |
| Deferred Tax | -$1,248 | $215 | -$359 | $1,912 |
| Stock-Based Comp. | $2,332 | $2,229 | $2,143 | $1,947 |
| Change in WC | -$24,170 | -$18,214 | -$11,195 | $5,502 |
| Other Non-Cash | $9,442 | $22,273 | $29,865 | $25,768 |
| Operating Cash Flow | $63,151 | $75,589 | $94,632 | $110,154 |
| Investing Activities | – | – | – | – |
| PP&E Inv. | -$7,950 | -$6,024 | -$5,679 | -$5,837 |
| Net Acquisitions | $0 | $0 | $0 | $0 |
| Inv. Purchases | -$3,628 | -$1,740 | -$140,208 | -$824,348 |
| Inv. Sales/Matur. | $140,545 | $145,401 | $260,037 | $461,094 |
| Other Inv. Act. | -$247,126 | -$300,582 | -$538,742 | -$193,973 |
| Investing Cash Flow | -$118,159 | -$162,945 | -$424,592 | -$563,064 |
| Financing Activities | – | – | – | – |
| Debt Repay. | -$5,017 | -$35,980 | $55,997 | -$3 |
| Stock Issued | $13 | $70 | $77 | $61 |
| Stock Repurch. | $0 | -$5,157 | -$4,010 | -$17,269 |
| Dividends Paid | -$20,045 | -$19,327 | -$18,565 | -$18,155 |
| Other Fin. Act. | $30,158 | $243,160 | $261,359 | $479,044 |
| Financing Cash Flow | $5,109 | $182,766 | $294,858 | $443,678 |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Chg. in Cash | -$49,899 | $95,410 | -$35,102 | -$9,232 |
| Supplemental Information | – | – | – | – |
| Beg. Cash | $169,781 | $74,371 | $109,473 | $118,705 |
| End Cash | $119,882 | $169,781 | $74,371 | $109,473 |
| Free Cash Flow | $55,201 | $69,565 | $88,953 | $104,317 |