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). See Independent Bank Corporation working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
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 Independent Bank Corporation cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
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 IBCP market cap.
| 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 | — |