Return on equity (ROE) is the profit a company earns for every dollar of shareholder money invested in it, shown as a percentage. It is net income divided by shareholder equity, and the table shows both amounts: the profit earned and the equity it was earned on. A higher ROE means more profit per dollar of equity, but ROE also rises when equity shrinks through buybacks, dividends or losses, and it has no meaning for a company with negative equity. Quarterly points divide the trailing four quarters of net income by the balance at that quarter end; annual points divide the filed fiscal-year net income by the fiscal-year-end balance.
INDEPENDENT BANK CORP /MI/ roe for the quarter ending 2026-06-30 was 13.58%, a 1.57% decline year-over-year.
INDEPENDENT BANK CORP /MI/ roe for the quarter ending 2026-03-31 was 13.68%, a 3.74% decline year-over-year.
INDEPENDENT BANK CORP /MI/ roe for the quarter ending 2025-12-31 was 13.63%, a 7.23% decline year-over-year.
INDEPENDENT BANK CORP /MI/ roe for the quarter ending 2025-09-30 was 13.94%, a 1.62% increase year-over-year.
INDEPENDENT BANK CORP /MI/ roe for fiscal 2025 was 13.63%, a 7.23% decline from fiscal 2024.
INDEPENDENT BANK CORP /MI/ roe for fiscal 2024 was 14.69%, a 0.58% increase from fiscal 2023.
INDEPENDENT BANK CORP /MI/ roe for fiscal 2023 was 14.60%, a 19.87% decline from fiscal 2022.
INDEPENDENT BANK CORP /MI/ roe for fiscal 2022 was 18.23%, a 15.47% increase from fiscal 2021.