Independent Bank Corporation is classed by the SEC under State Commercial Banks (industry code 6022), based in Grand Rapids, MI. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $32 million and a profit of $69 million (its filed statements).
Lending businessState Commercial BanksGrand Rapids, MIfilings since 19959 of 9 filed
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a lending business: prior from its industry code (SEC 6022, State Commercial Banks); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 5.9 out of ten, 9 of 9 metrics filed: past 6.5 out of ten, present 6.3 out of ten, future 4.4 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 7.8 out of ten. No warning events in its filings since 2017. 78th percentile among 165 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 4.2 out of ten. +13.5% a year over 10 filed years; profitable in 10 of 10. 42nd percentile among 152 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 6.2 out of ten. Share count shrank 0.5% a year. 36% of cash flow returned. Insiders: 19 sales, 3 purchases. 62nd percentile among 157 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Financial health (present): 6.3 out of ten. ROE 14%: 14¢ of profit per shareholder dollar. Leverage 91%: owes 91¢ per asset dollar. 63rd percentile among 161 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 5.3 out of ten. top 47% of 155 in its family; net margin 25.4%. 53rd percentile among 155 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 7.8 out of ten. top 22% of 150 in its family for leadership; chief executive since 2013. 78th percentile among 150 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
Room to expand (future): 5.2 out of ten. top 48% of 142 in its family for room to expand. 52nd percentile among 142 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 4.0 out of ten. bottom 40% of 152 in its family for growth drivers. 40th percentile among 152 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 3.9 out of ten. bottom 39% of 150 in its family for expectations against reality. 39th percentile among 150 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-03-06 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-05 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-07-23 (on EDGAR). Newest filing: Form 4, 2026-10-02. Filings on record since 1995. Read from EDGAR 2026-10-12.
Who runs it
Kessel, William B (President & CEO); Twarozynski, James J (Senior Vice President); Ervin, Patrick J (Executive Vice President); Kimball, Stefanie M (Executive Vice President); Mohr, Gavin A. (Executive Vice President); Rahn, Joel F (Executive Vice President); Daniel, Larry R Jr (Executive Vice President); Michaels, Christopher S (Executive Vice President); Stodolak, Michael Joseph (Executive Vice President); Kreter, Kristopher (First Vice Pres. & Controller); and 9 more. 19 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-02.
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