Independent Bank Corporation (IBCP) — Tangible Net Worth Ratio
Independent Bank Corporation (IBCP) has a Tangible Net Worth Ratio of 99.8% as of December 2025. This metric is calculated by deducting intangible assets ($1.00 Million) from net assets ($502.95 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See IBCP net asset value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Independent Bank Corporation Tangible Net Worth Ratio (1989–2025)
This chart shows how Independent Bank Corporation's Tangible Net Worth Ratio has changed across 37 annual periods from 1989 to 2025. As of December 2025, the ratio stands at 99.8%, reflecting net assets of $502.95 Million with intangible assets of $1.00 Million USD. Also explore IBCP net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Independent Bank Corporation (1989–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Independent Bank Corporation from 1989 to 2025, covering 37 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see IBCP company net worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.8% | $502.95 Million | $1.00 Million | $5.51 Billion | ▲ +10.4 pp |
| 2024 | 89.4% | $454.69 Million | $48.28 Million | $5.34 Billion | ▲ +0.3 pp |
| 2023 | 89.1% | $404.45 Million | $44.25 Million | $5.26 Billion | ▲ +2.0 pp |
| 2022 | 87.0% | $347.60 Million | $45.04 Million | $5.00 Billion | ▼ -12.3 pp |
| 2021 | 99.4% | $4.60 Billion | $29.57 Million | $4.70 Billion | ▼ -0.1 pp |
| 2020 | 99.5% | $4.10 Billion | $21.21 Million | $4.20 Billion | ▲ +6.5 pp |
| 2019 | 93.0% | $350.17 Million | $24.50 Million | $3.56 Billion | ▲ +1.2 pp |
| 2018 | 91.8% | $338.99 Million | $27.82 Million | $3.35 Billion | ▼ -1.7 pp |
| 2017 | 93.5% | $264.93 Million | $17.29 Million | $2.79 Billion | ▼ -0.3 pp |
| 2016 | 93.7% | $248.98 Million | $15.60 Million | $2.55 Billion | ▼ -0.4 pp |
| 2015 | 94.1% | $251.09 Million | $14.72 Million | $2.41 Billion | ▲ +0.0 pp |
| 2014 | 94.1% | $250.37 Million | $14.73 Million | $2.25 Billion | ▲ +1.4 pp |
| 2013 | 92.7% | $231.58 Million | $16.87 Million | $2.21 Billion | ▲ +3.8 pp |
| 2012 | 88.9% | $134.97 Million | $14.99 Million | $2.02 Billion | ▲ +7.3 pp |
| 2011 | 81.6% | $102.63 Million | $18.84 Million | $2.31 Billion | ▲ +1.5 pp |
| 2010 | 80.1% | $119.08 Million | $23.64 Million | $2.54 Billion | ▲ +3.4 pp |
| 2009 | 76.8% | $109.86 Million | $25.53 Million | $2.97 Billion | ▼ -10.8 pp |
| 2008 | 87.6% | $194.88 Million | $24.16 Million | $2.96 Billion | ▲ +18.1 pp |
| 2007 | 69.5% | $269.07 Million | $82.02 Million | $3.28 Billion | ▼ -8.6 pp |
| 2006 | 78.1% | $258.17 Million | $56.56 Million | $3.43 Billion | ▲ +4.9 pp |
| 2005 | 73.1% | $248.26 Million | $66.67 Million | $3.36 Billion | ▲ +2.2 pp |
| 2004 | 71.0% | $230.29 Million | $66.86 Million | $3.09 Billion | ▼ -14.0 pp |
| 2003 | 84.9% | $160.65 Million | $24.22 Million | $2.36 Billion | ▼ -5.1 pp |
| 2002 | 90.1% | $138.05 Million | $13.72 Million | $2.06 Billion | ▲ +0.4 pp |
| 2001 | 89.7% | $131.90 Million | $13.57 Million | $1.89 Billion | ▲ +1.6 pp |
| 2000 | 88.1% | $128.34 Million | $15.27 Million | $1.78 Billion | ▼ -11.9 pp |
| 1999 | 100.0% | $113.70 Million | $0.00 | $1.73 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | $117.00 Million | $0.00 | $1.66 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | $59.50 Million | $0.00 | $983.80 Million | ▲ +0.0 pp |
| 1996 | 100.0% | $51.80 Million | $0.00 | $888.60 Million | ▲ +0.0 pp |
| 1995 | 100.0% | $47.00 Million | $0.00 | $590.10 Million | ▲ +0.0 pp |
| 1994 | 100.0% | $40.30 Million | $0.00 | $516.20 Million | ▲ +0.0 pp |
| 1993 | 100.0% | $36.20 Million | $0.00 | $444.30 Million | ▲ +0.0 pp |
| 1992 | 100.0% | $31.80 Million | $0.00 | $367.50 Million | ▲ +0.0 pp |
| 1991 | 100.0% | $28.00 Million | $0.00 | $371.70 Million | ▲ +0.0 pp |
| 1990 | 100.0% | $24.70 Million | $0.00 | $362.50 Million | ▲ +0.0 pp |
| 1989 | 100.0% | $22.80 Million | $0.00 | $328.30 Million | — |