Independent Bank Corporation (IBCP) — Free Cash Flow Generation Index
Independent Bank Corporation (IBCP) has a Free Cash Flow Generation Index of 0.91x as of September 2025. Free cash flow of $16.54 Million represents 1% of operating cash flow ($18.20 Million). Read IBCP liabilities breakdown for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Independent Bank Corporation Free Cash Flow Generation Index (1989–2024)
Historical FCF Generation Index trend for Independent Bank Corporation across 32 annual periods. Explore capital reinvestment ratio of Independent Bank Corporation to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Independent Bank Corporation (1989–2024)
Year-by-year Free Cash Flow Generation Index for Independent Bank Corporation. For the full company profile including market capitalisation, see Independent Bank Corporation market cap and net worth.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.87x | $55.20 Million | $63.15 Million | $7.95 Million | ▼ -5.0% |
| 2023 | 0.92x | $69.56 Million | $75.59 Million | $6.02 Million | ▼ -2.1% |
| 2022 | 0.94x | $88.95 Million | $94.63 Million | $5.68 Million | ▼ -0.7% |
| 2021 | 0.95x | $104.32 Million | $110.15 Million | $5.84 Million | ▲ +2.3% |
| 2020 | 0.93x | $54.30 Million | $58.68 Million | $4.38 Million | ▲ +8.0% |
| 2019 | 0.86x | $29.56 Million | $34.49 Million | $4.94 Million | ▼ -6.3% |
| 2018 | 0.91x | $41.06 Million | $44.92 Million | $3.86 Million | ▲ +2.7% |
| 2017 | 0.89x | $34.37 Million | $38.61 Million | $4.24 Million | ▲ +4.2% |
| 2016 | 0.85x | $20.25 Million | $23.70 Million | $3.46 Million | ▲ +5.5% |
| 2015 | 0.81x | $18.50 Million | $22.86 Million | $4.35 Million | ▲ +20.6% |
| 2014 | 0.67x | $8.77 Million | $13.07 Million | $4.30 Million | ▼ -20.0% |
| 2013 | 0.84x | $43.70 Million | $52.07 Million | $8.37 Million | ▲ +2.4% |
| 2012 | 0.82x | $24.10 Million | $29.39 Million | $5.29 Million | ▼ -11.6% |
| 2011 | 0.93x | $32.85 Million | $35.41 Million | $2.78 Million | ▲ +212.1% |
| 2009 | -0.83x | $-3.62 Million | $4.38 Million | $8.00 Million | ▼ -236.0% |
| 2008 | 0.61x | $12.63 Million | $20.76 Million | $8.13 Million | ▲ +45.1% |
| 2007 | 0.42x | $7.47 Million | $17.81 Million | $10.34 Million | ▲ +4.6% |
| 2006 | 0.40x | $8.92 Million | $22.23 Million | $13.32 Million | ▼ -43.7% |
| 2005 | 0.71x | $34.45 Million | $48.35 Million | $13.90 Million | ▼ -1.7% |
| 2004 | 0.72x | $30.88 Million | $42.60 Million | $11.72 Million | ▼ -23.5% |
| 2003 | 0.95x | $132.59 Million | $139.86 Million | $7.27 Million | ▲ +0.1% |
| 2000 | 0.95x | $29.17 Million | $30.81 Million | $1.65 Million | ▲ +10.2% |
| 1999 | 0.86x | $39.70 Million | $46.20 Million | $6.50 Million | ▲ +341.1% |
| 1997 | 0.19x | $1.50 Million | $7.70 Million | $6.20 Million | ▼ -71.3% |
| 1996 | 0.68x | $7.80 Million | $11.50 Million | $3.70 Million | ▼ -16.7% |
| 1995 | 0.81x | $7.00 Million | $8.60 Million | $1.60 Million | ▼ -6.6% |
| 1994 | 0.87x | $8.80 Million | $10.10 Million | $1.30 Million | ▲ +20.0% |
| 1993 | 0.73x | $5.30 Million | $7.30 Million | $2.00 Million | ▲ +11.7% |
| 1992 | 0.65x | $1.30 Million | $2.00 Million | $700.00K | ▼ -30.7% |
| 1991 | 0.94x | $6.10 Million | $6.50 Million | $400.00K | ▲ +14.7% |
| 1990 | 0.82x | $2.70 Million | $3.30 Million | $600.00K | ▲ +29.8% |
| 1989 | 0.63x | $2.90 Million | $4.60 Million | $1.70 Million | — |