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Annual · values202520242023202220212020201920182017201620152014
Operating Cash Flow76.66 M USD63.15 M USD75.59 M USD94.63 M USD110.15 M USD58.17 M USD33.98 M USD44.92 M USD38.61 M USD23.70 M USD22.86 M USD13.07 M USD
Depreciation & Amortization9.91 M USD10.01 M USD10.02 M USD10.83 M USD12.13 M USD9.16 M USD6.06 M USD6.03 M USD6.96 M USD5.22 M USD4.55 M USD3.01 M USD
Stock-Based Compensation2.72 M USD2.33 M USD2.23 M USD2.14 M USD1.95 M USD1.98 M USD1.85 M USD1.73 M USD1.75 M USD1.62 M USD1.48 M USD1.19 M USD
Capital Expenditures6.49 M USD7.95 M USD6.02 M USD5.68 M USD5.84 M USD4.38 M USD4.94 M USD3.86 M USD4.24 M USD3.46 M USD4.35 M USD4.30 M USD
Cash Flow from Investing-122.50 M USD-118.16 M USD-162.94 M USD-424.59 M USD-563.06 M USD-553.40 M USD-181.64 M USD-183.37 M USD-277.58 M USD-138.85 M USD-160.51 M USD-82.12 M USD
Cash Flow from Financing64.34 M USD5.11 M USD182.77 M USD294.86 M USD443.68 M USD548.63 M USD142.72 M USD153.95 M USD210.51 M USD112.56 M USD149.43 M USD23.98 M USD
Dividends Paid21.60 M USD20.05 M USD19.33 M USD18.57 M USD18.16 M USD17.62 M USD16.55 M USD14.05 M USD8.96 M USD7.27 M USD5.90 M USD4.13 M USD
Stock Buybacks12.43 M USD0 USD5.16 M USD4.01 M USD17.27 M USD14.23 M USD26.28 M USD12.68 M USD0 USD16.85 M USD13.50 M USD0 USD
Free Cash Flow70.17 M USD55.20 M USD69.56 M USD88.95 M USD104.32 M USD53.79 M USD29.04 M USD41.06 M USD34.37 M USD20.25 M USD18.50 M USD8.77 M USD

Independent Bank Corp. is a financial holding entity principally engaged in providing a wide range of commercial banking services, predominantly in Michigan. Through its subsidiary, Independent Bank, the company offers services that include credit and deposit solutions geared towards both individuals and businesses. Among its services are savings and checking accounts, commercial and consumer loans, mortgage lending, and other financial products. A notable feature of Independent Bank Corp. is its local focus, which enables it to provide personalized services tailored to the financial needs of its community-based clientele. The institution plays a crucial role in fueling regional economic growth by supporting small to medium-sized enterprises through tailored financing options. As a fixture in the financial sector, Independent Bank Corp. contributes to the stability and liquidity in its served markets, addressing the banking needs of both urban and rural areas while promoting financial inclusion and economic development in its localities.