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9.95%Return on Invested Capital
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Market
Sector
Industry
History
$ 31.23Close
$ 28.08 - $ 38.99 52-Week Range
Ticker Information
Ticker
IBCPCompany Name
INDEPENDENT BANK CORPSector
Financial ServicesIndustry
Banks - RegionalExchange
NASDAQINDEPENDENT BANK CORP - Return on Invested Capital Chart Analysis (TTM)
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IBCP - ROIC Historical data
| Date | Invested Capital | Net Income Common Stock | Return on Invested Capital |
|---|---|---|---|
| 6/30/2025 | $ 650.71M | $ 64.74M | 9.95% |
| 3/31/2025 | $ 591.71M | $ 66.39M | 11.22% |
| 12/31/2024 | $ 579.08M | $ 66.79M | 11.53% |
| 9/30/2024 | $ 531.72M | $ 62.07M | 11.67% |
| 6/30/2024 | $ 559.78M | $ 65.81M | 11.76% |
| 3/31/2024 | $ 544.82M | $ 62.07M | 11.39% |
| 12/31/2023 | $ 533.71M | $ 59.07M | 11.07% |
| 9/30/2023 | $ 504.21M | $ 60.41M | 11.98% |
| 6/30/2023 | $ 544.34M | $ 60.16M | 11.05% |
| 3/31/2023 | $ 496.87M | $ 58.38M | 11.75% |
Key Performance Insights, Last 5 Years
- INDEPENDENT BANK CORP's latest trailing twelve months (TTM) ROIC stands at 11.01%.
- Over the past 5 years, INDEPENDENT BANK CORP's average ROIC has been 12.05%.
- The median ROIC for INDEPENDENT BANK CORP during this period was 11.75%
- INDEPENDENT BANK CORP reached its highest ROIC over the past 5 years at 14.79%.
- The lowest ROIC recorded by INDEPENDENT BANK CORP in the same timeframe 9.95%
INDEPENDENT BANK CORP's ROIC vs. competitors
We picked the following companies as peers based on multiple factors, including sector, industry, market capitalization and revenue
ROIC Benchmarks
Similar metrics to ROIC:
- Cash Return on Invested Capital - [Calculation] Cash Return on Invested Capital (CROIC) measures how well a company uses its invested capital to produce cash. It is calculated as Free Cash Flow [FCF] divided by invested capital [InvCapital].
- Invested Capital - [Calculation] Invested Capital is the total amount of money raised by a business in the form [Equity] and/or [Debt].
- 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.
- Capital Expenditures to Operating Cash Flow - [Calculation] The CapEx to Operating Cash Flow ratio, measures how much of a company’s operating cash flow is reinvested into productive [Assets]. It is capital expenditures [CapEx] divided by net operating cash flow [NCFO].
Definition of 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].Net Inc. Cmn. / Inv. Capital
(=) ROIC ROIC for INDEPENDENT BANK CORP is calculated as follows: Net Inc. Cmn. [ $ 53.05M ] / Inv. Capital [ $ 481.87M ]
(=) ROIC [ 11.01% ] IBCP - Return on Invested Capital, Last 5 years
9.95%
Minimum
Jun 30, 2025
14.79%
Maximum
Mar 31, 2021
12.05%
Average
11.75%
Median
ROIC Benchmark AnalysisMarket
The chart above depicts the distribution of ROIC for companies in the Total Stock Market. The average ROIC of the companies is 0.69% with a standard deviation of 15.2%.
The following table provides additional summary stats:
ROIC in the Market:
| filtered constituents | 3.36K |
|---|---|
| min | -46.36% |
| max | 48.66% |
| average | 0.69% |
| median | 3.38% |
| std | 15.2% |