Independent Bank Corporation Tangible Net Worth Ratio
Independent Bank Corporation tangible net worth ratio. Independent Bank Corporation (IBCP) has a Tangible Net Worth Ratio of 99.9% as of June 2026. This metric is calculated by deducting intangible assets ($771.00K) from net assets ($528.41 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. Check Independent Bank Corporation PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Independent Bank Corporation (1989–2025)
Tangible net worth ratio of Independent Bank Corporation from 1989 to 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 June 2026, the ratio stands at 99.9%, reflecting net assets of $528.41 Million with intangible assets of $771.00K USD. See IBCP current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Independent Bank Corporation Tangible Net Worth Ratio by Year (1989–2025)
Independent Bank Corporation tangible net worth ratio by year from 1989 to 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 live market cap and overall valuation, see Independent Bank Corporation market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 93.5% | $502.95 Million | $32.49 Million | $5.51 Billion | ▲ +4.2 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 | — |