Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on equity (ROE) high or low?
The return on equity (ROE) of 13.58% is 12% below its 5-year average of 15.51%, near the low end of its 5-year range (13.58%–18.29%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.06% below its 12-month average of 13.72%.
Trailing-twelve-month return on equity at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 13.58%.
RETURN ON EQUITY (ROE)
13.58%
RETURN ON EQUITY (ROE) AVG TTM
13.72%
RETURN ON EQUITY (ROE) AVG 3Y
14.48%
RETURN ON EQUITY (ROE) AVG 5Y
15.51%
RETURN ON EQUITY (ROE) AVG 10Y
13.38%
RETURN ON EQUITY (ROE) AVG 15Y
12.55%
RETURN ON EQUITY (ROE) AVG 20Y
10.92%
CURRENT VS TTM AVG
-1.06%
CURRENT VS 3Y AVG
-6.21%
CURRENT VS 5Y AVG
-12.44%
CURRENT VS 10Y AVG
+1.46%
CURRENT VS 15Y AVG
+8.16%
CURRENT VS 20Y AVG
+24.31%
SECTOR MEDIAN · FINANCIAL SERVICES
9.04%
median of 557 covered companies
CURRENT VS SECTOR MEDIAN
+50.21%
vs the sector median at left
Independent Bank Corporation
Market Cap
$742.44M
Return on Equity (ROE)
13.58%
TTM Avg
13.72%
3Y Avg
14.48%
5Y Avg
15.51%
Market Cap
$742.71M
Return on Equity (ROE)
-25.35%
TTM Avg
-12.46%
3Y Avg
-5.63%
5Y Avg
0.47%
Market Cap
$739.80M
Return on Equity (ROE)
3.43%
TTM Avg
7.91%
3Y Avg
8.81%
5Y Avg
8.82%
Market Cap
$732.99M
Return on Equity (ROE)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$731.55M
Return on Equity (ROE)
10.01%
TTM Avg
2.00%
3Y Avg
7.50%
5Y Avg
9.45%
Market Cap
$728.34M
Return on Equity (ROE)
10.47%
TTM Avg
11.52%
3Y Avg
10.90%
5Y Avg
12.50%
Market Cap
$728.01M
Return on Equity (ROE)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$727.37M
Return on Equity (ROE)
-4.70%
TTM Avg
4.89%
3Y Avg
6.43%
5Y Avg
7.62%
Market Cap
$778.50M
Return on Equity (ROE)
12.84%
TTM Avg
2.29%
3Y Avg
7.40%
5Y Avg
8.86%
| NAME | MARKET CAP | RETURN ON EQUITY (ROE) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Independent Bank Corporation (IBCP) | $742.44M | 13.58% | 13.72% | 14.48% | 15.51% |
| PRA Group, Inc. (PRAA)vs › | $742.71M | -25.35% | -12.46% | -5.63% | 0.47% |
| Carlyle Secured Lending, Inc. (CGBD)vs › | $739.80M | 3.43% | 7.91% | 8.81% | 8.82% |
| OFS Credit Company, Inc. (OCCIM)vs › | $732.99M | N/A | N/A | N/A | N/A |
| Washington Trust Bancorp, Inc. (WASH)vs › | $731.55M | 10.01% | 2.00% | 7.50% | 9.45% |
| Fidus Investment Corporation (FDUS)vs › | $728.34M | 10.47% | 11.52% | 10.90% | 12.50% |
| WisdomTree Artificial Intelligence and Innovation Fund (WTAI)vs › | $728.01M | N/A | N/A | N/A | N/A |
| New Mountain Finance Corporation 8.250% Notes due 2028 (NMFCZ)vs › | $727.37M | -4.70% | 4.89% | 6.43% | 7.62% |
| Financial Institutions, Inc. (FISI)vs › | $778.50M | 12.84% | 2.29% | 7.40% | 8.86% |
| MidCap Financial Investment Corporation (MFIC)vs › | $703.95M | -2.69% | 5.94% | 6.70% | 7.63% |
ROE
13.6%
ROA
1.3%
ROE = Net Income / Total Shareholders' Equity
Return on equity measures how efficiently a company generates profit from shareholders' equity. Higher ROE indicates better capital efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON EQUITY (ROE) |
|---|---|
| 2026-06-30 | 13.58% |
| 2026-03-31 | 13.68% |
| 2025-12-31 | 13.63% |
| 2025-09-30 | 13.94% |
| 2025-06-30 | 13.80% |
| 2025-03-31 | 14.21% |
| 2024-12-31 | 14.69% |
| 2024-09-30 | 13.72% |
| 2024-06-30 | 15.29% |
| 2024-03-31 | 14.94% |
| 2023-12-31 | 14.60% |
| 2023-09-30 | 16.11% |
| 2023-06-30 | 16.04% |
| 2023-03-31 | 15.88% |
| 2022-12-31 | 18.23% |
| 2022-09-30 | 18.29% |
| 2022-06-30 | 17.95% |
| 2022-03-31 | 16.55% |
| 2021-12-31 | 15.78% |
| 2021-09-30 | 16.84% |
| 2021-06-30 | 17.93% |
| 2021-03-31 | 18.94% |
| 2020-12-31 | 14.42% |
| 2020-09-30 | 14.22% |
| 2020-06-30 | 12.93% |
| 2020-03-31 | 12.47% |
| 2019-12-31 | 13.26% |
| 2019-09-30 | 12.49% |
| 2019-06-30 | 12.69% |
| 2019-03-31 | 11.62% |
| 2018-12-31 | 11.75% |
| 2018-09-30 | 9.16% |
| 2018-06-30 | 7.88% |
| 2018-03-31 | 8.83% |
| 2017-12-31 | 7.73% |
| 2017-09-30 | 9.20% |
| 2017-06-30 | 9.20% |
| 2017-03-31 | 9.64% |
| 2016-12-31 | 9.14% |
| 2016-09-30 | 8.96% |
| 2016-06-30 | 8.57% |
| 2016-03-31 | 8.49% |
| 2015-12-31 | 7.97% |
| 2015-09-30 | 7.25% |
| 2015-06-30 | 7.17% |
| 2015-03-31 | 7.36% |
| 2014-12-31 | 7.20% |
| 2014-09-30 | 7.66% |
| 2014-06-30 | 7.20% |
| 2014-03-31 | 31.63% |
| 2013-12-31 | 33.47% |
| 2013-09-30 | 37.34% |
| 2013-06-30 | 41.93% |
| 2013-03-31 | 19.78% |
| 2012-12-31 | 19.41% |
| 2012-09-30 | 4.58% |
| 2012-06-30 | -4.42% |
| 2012-03-31 | -8.85% |
| 2011-12-31 | -19.68% |
| 2011-09-30 | -14.11% |
| 2011-06-30 | -15.83% |
| 2011-03-31 | -9.10% |
| 2010-12-31 | -14.03% |
| 2010-09-30 | -48.54% |
| 2010-06-30 | -55.85% |
| 2010-03-31 | -87.92% |
| 2009-12-31 | -82.13% |
| 2009-09-30 | -83.43% |
| 2009-06-30 | -67.97% |
| 2009-03-31 | -62.33% |
| 2008-12-31 | -47.04% |
| 2008-09-30 | 0.35% |
| 2008-06-30 | 4.13% |
| 2008-03-31 | 2.71% |
| 2007-12-31 | 4.31% |
| 2007-09-30 | 3.37% |
| 2007-06-30 | 5.92% |
| 2007-03-31 | 9.97% |
| 2006-12-31 | 13.14% |
| 2006-09-30 | 17.30% |
| 2006-06-30 | 18.38% |
| 2006-03-31 | 19.56% |
| 2005-12-31 | 18.90% |
| 2005-09-30 | 18.39% |
| 2005-06-30 | 18.26% |
| 2005-03-31 | 17.32% |
| 2004-12-31 | 16.74% |
| 2004-09-30 | 16.67% |
| 2004-06-30 | 18.51% |
| 2004-03-31 | 21.57% |
| 2003-12-31 | 23.17% |
| 2003-09-30 | 23.42% |
| 2003-06-30 | 21.51% |
