Independent Bank Corporation (IBCP) — Capital Reinvestment Ratio
Independent Bank Corporation (IBCP) has a Capital Reinvestment Ratio of 0.22x as of June 2026, meaning it reinvests 0% of its operating cash flow ($20.97 Million) in capital expenditures ($4.61 Million). Check Independent Bank Corporation tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Independent Bank Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Independent Bank Corporation's Capital Reinvestment Ratio across 33 annual periods. For the full cash flow conversion analysis, see IBCP cash flow metrics.
Annual Capital Reinvestment Ratio for Independent Bank Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for Independent Bank Corporation from 1989 to 2025. See Independent Bank Corporation free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.08x | $76.66 Million | $6.49 Million | ▼ -32.7% |
| 2024 | 0.13x | $63.15 Million | $7.95 Million | ▲ +58.0% |
| 2023 | 0.08x | $75.59 Million | $6.02 Million | ▲ +32.8% |
| 2022 | 0.06x | $94.63 Million | $5.68 Million | ▲ +13.3% |
| 2021 | 0.05x | $110.15 Million | $5.84 Million | ▼ -29.1% |
| 2020 | 0.07x | $58.68 Million | $4.38 Million | ▼ -47.8% |
| 2019 | 0.14x | $34.49 Million | $4.94 Million | ▲ +66.5% |
| 2018 | 0.09x | $44.92 Million | $3.86 Million | ▼ -21.8% |
| 2017 | 0.11x | $38.61 Million | $4.24 Million | ▼ -24.7% |
| 2016 | 0.15x | $23.70 Million | $3.46 Million | ▼ -23.4% |
| 2015 | 0.19x | $22.86 Million | $4.35 Million | ▼ -42.1% |
| 2014 | 0.33x | $13.07 Million | $4.30 Million | ▲ +104.5% |
| 2013 | 0.16x | $52.07 Million | $8.37 Million | ▼ -10.7% |
| 2012 | 0.18x | $29.39 Million | $5.29 Million | ▲ +129.4% |
| 2011 | 0.08x | $35.41 Million | $2.78 Million | ▼ -95.7% |
| 2009 | 1.83x | $4.38 Million | $8.00 Million | ▲ +366.8% |
| 2008 | 0.39x | $20.76 Million | $8.13 Million | ▼ -32.6% |
| 2007 | 0.58x | $17.81 Million | $10.34 Million | ▼ -3.1% |
| 2006 | 0.60x | $22.23 Million | $13.32 Million | ▲ +108.3% |
| 2005 | 0.29x | $48.35 Million | $13.90 Million | ▲ +4.5% |
| 2004 | 0.28x | $42.60 Million | $11.72 Million | ▲ +429.1% |
| 2003 | 0.05x | $139.86 Million | $7.27 Million | ▼ -2.6% |
| 2000 | 0.05x | $30.81 Million | $1.65 Million | ▼ -62.1% |
| 1999 | 0.14x | $46.20 Million | $6.50 Million | ▼ -82.5% |
| 1997 | 0.81x | $7.70 Million | $6.20 Million | ▲ +150.3% |
| 1996 | 0.32x | $11.50 Million | $3.70 Million | ▲ +72.9% |
| 1995 | 0.19x | $8.60 Million | $1.60 Million | ▲ +44.5% |
| 1994 | 0.13x | $10.10 Million | $1.30 Million | ▼ -53.0% |
| 1993 | 0.27x | $7.30 Million | $2.00 Million | ▼ -21.7% |
| 1992 | 0.35x | $2.00 Million | $700.00K | ▲ +468.7% |
| 1991 | 0.06x | $6.50 Million | $400.00K | ▼ -66.2% |
| 1990 | 0.18x | $3.30 Million | $600.00K | ▼ -50.8% |
| 1989 | 0.37x | $4.60 Million | $1.70 Million | — |