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13.8%Return on Equity
VS
Market
Sector
Industry
History
$ 31.15Close
$ 28.08 - $ 38.99 52-Week Range
Ticker Information
Ticker
IBCPCompany Name
INDEPENDENT BANK CORPSector
Financial ServicesIndustry
Banks - RegionalExchange
NASDAQINDEPENDENT BANK CORP - Return on Equity Chart Analysis (TTM)
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IBCP - ROE Historical data
| Date | Shareholders Equity | Net Income Common Stock | Return on Equity |
|---|---|---|---|
| 6/30/2025 | $ 469.25M | $ 64.74M | 13.8% |
| 3/31/2025 | $ 467.28M | $ 66.39M | 14.21% |
| 12/31/2024 | $ 454.69M | $ 66.79M | 14.69% |
| 9/30/2024 | $ 452.37M | $ 62.07M | 13.72% |
| 6/30/2024 | $ 430.46M | $ 65.81M | 15.29% |
| 3/31/2024 | $ 415.57M | $ 62.07M | 14.94% |
| 12/31/2023 | $ 404.45M | $ 59.07M | 14.6% |
| 9/30/2023 | $ 375M | $ 60.41M | 16.11% |
| 6/30/2023 | $ 375.16M | $ 60.16M | 16.04% |
| 3/31/2023 | $ 367.71M | $ 58.38M | 15.88% |
Key Performance Insights, Last 5 Years
- INDEPENDENT BANK CORP's latest trailing twelve months (TTM) ROE stands at 14.22%.
- Over the past 5 years, INDEPENDENT BANK CORP's average ROE has been 15.92%.
- The median ROE for INDEPENDENT BANK CORP during this period was 15.83%
- INDEPENDENT BANK CORP reached its highest ROE over the past 5 years at 18.94%.
- The lowest ROE recorded by INDEPENDENT BANK CORP in the same timeframe 13.72%
INDEPENDENT BANK CORP's ROE vs. competitors
We picked the following companies as peers based on multiple factors, including sector, industry, market capitalization and revenue
ROE Benchmarks
Similar metrics to ROE:
- Net Income Common Stock - [Income Statement] The company's Net Income (loss) [NetInc] less the sum paid on dividends of preferred shares [PrefDivIS].
- Return on Assets - [Calculation] Return on Assets (ROA) measures net income [NetIncCmn] as percentage of total [Assets]. A high ROA shows an effective allocation of capital by the company.
- Shareholders Equity - [Balance Sheet] A principal component of the balance sheet; in addition to [Liabilities] and [Assets]; that represents the total of all stockholders' equity (deficit) after all liabilities have been deducted.
- Net Margin - [Calculation] A company’s Net Income [NetIncCmn] as a percentage of [Revenue]. Measures how much earnings a company produces for each dollar of revenue generated.
- Return on Invested Capital - [Calculation] Return on Invested Capital (ROIC) measures how well a company allocates its invested capital to profitable projects and/or investments. It is calculated as net income [NetIncCmn] divided by invested capital [InvCapital].
Definition of Return on Equity
[Calculation] Return on Equity (ROE) measures net income [NetIncCmn] as percentage of [Equity]. A high ROE shows an effective use of investor capital, but it doesn't consider any risks related to financial leverage [Debt].Net Inc. Cmn. / Equity
(=) ROE ROE for INDEPENDENT BANK CORP is calculated as follows: Net Inc. Cmn. [ $ 53.05M ] / Equity [ $ 373.09M ]
(=) ROE [ 14.22% ] IBCP - Return on Equity, Last 5 years
13.72%
Minimum
Sep 30, 2024
18.94%
Maximum
Mar 31, 2021
15.92%
Average
15.83%
Median
ROE Benchmark AnalysisMarket
The chart above depicts the distribution of ROE for companies in the Total Stock Market. The average ROE of the companies is 1.62% with a standard deviation of 22.52%.
The following table provides additional summary stats:
ROE in the Market:
| filtered constituents | 3.13K |
|---|---|
| min | -66.24% |
| max | 73.25% |
| average | 1.62% |
| median | 6.52% |
| std | 22.52% |