IBCP
Independent Bank Corporation (Ionia, MI)
Halal Rating :
See Details
Last Price
$37.76
Last updated:
Market Cap
$684.99m
7D Change
1.02%
1 Year Change
73.21%
Company Overview
Industries
Exchange
Nasdaq
Next Earnings Date
Independent Bank offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance, insurance brokerage, and investment services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $51.36m | $26.48m | $41.85m | $26.48m | 81.49% | 100.00% |
| June 30, 2024 | $56.52m | $24.99m | $41.35m | $24.99m | 73.16% | 100.00% |
| March 31, 2024 | $52.76m | $24.93m | $40.2m | $24.93m | 76.19% | 100.00% |
Company Impact
Help us evaluate Independent Bank Corporation (Ionia, MI)'s impact from a halal perspective. Vote on the most significant aspect and submit any considerations that we may have missed.