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 Independent Bank Corporation (IBCP) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
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. See operational self-sufficiency of Independent Bank Corporation to measure how many days the company can operate on defensive assets alone.
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 Independent Bank Corporation (IBCP) total market value.
| 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 | — |