INDEPENDENT BANK CORPORATION (IBCP) Return on equity 2018–2025
INDEPENDENT BANK CORPORATION (IBCP) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
13.6%FY2025 · since FY2018: 11.8% → 13.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 13.6% | -1.1 pp |
| FY2024 | 14.7% | +0.1 pp |
| FY2023 | 14.6% | -3.6 pp |
| FY2022 | 18.2% | +2.4 pp |
| FY2021 | 15.8% | +1.4 pp |
| FY2020 | 14.4% | +1.2 pp |
| FY2019 | 13.3% | +1.5 pp |
| FY2018 | 11.8% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice
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