Independent Bank Corporation (IBCP) - Total Assets
Based on the latest financial reports, Independent Bank Corporation (IBCP) holds total assets worth $5.51 Billion USD as of December 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See Independent Bank Corporation shareholders equity for net asset value and shareholders' equity analysis.
Independent Bank Corporation - Total Assets Trend (1989–2025)
This chart illustrates how Independent Bank Corporation's total assets have evolved over time, based on quarterly financial data.
Independent Bank Corporation - Asset Composition Analysis
Current Asset Composition (December 2025)
Independent Bank Corporation's total assets of $5.51 Billion consist of 10.0% current assets and 90.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.0% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.00 Million | 0.0% |
| Goodwill | $28.30 Million | 0.5% |
Asset Composition Trend (1989–2025)
This chart illustrates how Independent Bank Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see IBCP stock market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Independent Bank Corporation's current assets represent 10.0% of total assets in 2025, an increase from 4.8% in 1989.
- Cash Position: Cash and equivalents constituted 1.0% of total assets in 2025, down from 4.8% in 1989.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1989.
- Asset Diversification: The largest asset category is goodwill at 0.5% of total assets.
Independent Bank Corporation Competitors by Total Assets
Key competitors of Independent Bank Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bank of Guiyang Co Ltd
SHG:601997
|
China | CN¥746.59 Billion |
|
Vestjysk Bank A/S
CO:VJBA
|
Denmark | Dkr50.22 Billion |
|
VersaBank
TO:VBNK
|
Canada | CA$6.15 Billion |
|
Bank Agris Tbk
JK:AGRS
|
Indonesia | Rp22.51 Trillion |
|
RMB Holdings Ltd
JSE:RMH
|
South Africa | ZAC720.00 Million |
|
Bank Tabungan Pensiunan Nasional Syariah PT
JK:BTPS
|
Indonesia | Rp21.66 Trillion |
|
Banco Bradesco DRC
BA:BBD
|
Argentina | AR$2.20 Trillion |
|
Grupo Financiero Galicia S.A.
BA:GGAL
|
Argentina | AR$42.00 Trillion |
Independent Bank Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.55 | 0.03 | 55.32 |
| Quick Ratio | 0.55 | 0.03 | 55.31 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-443.84 Million | $-4.51 Billion | $3.03 Billion |
Independent Bank Corporation - Advanced Valuation Insights
This section examines the relationship between Independent Bank Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.48 |
| Latest Market Cap to Assets Ratio | 0.13 |
| Asset Growth Rate (YoY) | 3.1% |
| Total Assets | $5.51 Billion |
| Market Capitalization | $690.65 Million USD |
Valuation Analysis
Below Book Valuation: The market values Independent Bank Corporation's assets below their book value (0.13x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Independent Bank Corporation's assets grew by 3.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Independent Bank Corporation (1989–2025)
The table below shows the annual total assets of Independent Bank Corporation from 1989 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $5.51 Billion | +3.14% |
| 2024-12-31 | $5.34 Billion | +1.41% |
| 2023-12-31 | $5.26 Billion | +5.28% |
| 2022-12-31 | $5.00 Billion | +6.27% |
| 2021-12-31 | $4.70 Billion | +11.91% |
| 2020-12-31 | $4.20 Billion | +17.93% |
| 2019-12-31 | $3.56 Billion | +6.30% |
| 2018-12-31 | $3.35 Billion | +20.22% |
| 2017-12-31 | $2.79 Billion | +9.43% |
| 2016-12-31 | $2.55 Billion | +5.81% |
| 2015-12-31 | $2.41 Billion | +7.13% |
| 2014-12-31 | $2.25 Billion | +1.76% |
| 2013-12-31 | $2.21 Billion | +9.19% |
| 2012-12-31 | $2.02 Billion | -12.29% |
| 2011-12-31 | $2.31 Billion | -8.99% |
| 2010-12-31 | $2.54 Billion | -14.50% |
| 2009-12-31 | $2.97 Billion | +0.31% |
| 2008-12-31 | $2.96 Billion | -9.76% |
| 2007-12-31 | $3.28 Billion | -4.48% |
| 2006-12-31 | $3.43 Billion | +2.21% |
| 2005-12-31 | $3.36 Billion | +8.46% |
| 2004-12-31 | $3.09 Billion | +31.18% |
| 2003-12-31 | $2.36 Billion | +14.63% |
| 2002-12-31 | $2.06 Billion | +8.95% |
| 2001-12-31 | $1.89 Billion | +5.87% |
| 2000-12-31 | $1.78 Billion | +3.40% |
| 1999-12-31 | $1.73 Billion | +3.87% |
| 1998-12-31 | $1.66 Billion | +68.82% |
| 1997-12-31 | $983.80 Million | +10.71% |
| 1996-12-31 | $888.60 Million | +50.58% |
| 1995-12-31 | $590.10 Million | +14.32% |
| 1994-12-31 | $516.20 Million | +16.18% |
| 1993-12-31 | $444.30 Million | +20.90% |
| 1992-12-31 | $367.50 Million | -1.13% |
| 1991-12-31 | $371.70 Million | +2.54% |
| 1990-12-31 | $362.50 Million | +10.42% |
| 1989-12-31 | $328.30 Million | -- |
About Independent Bank Corporation
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortg… Read more