Independent Bank (IBCP) Return on Invested Capital [ROIC] (2011 - 2026)
Independent Bank's Return on Invested Capital [ROIC] was 23.68% in Q2 2026, down 2.53 percentage points from 26.20% a year earlier and down 1.63 percentage points from the prior quarter.
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Analysis
Independent Bank (IBCP) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Independent Bank came in at 26.71%, down 4.24 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of +10.75 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 30.95% in FY2024 (+2.60 pp), 28.35% in FY2023 (+10.18 pp), 18.17% in FY2022 (+2.10 pp) and 16.07% in FY2021 (+0.11 pp).
- The Q2 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q2 2023.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for six straight quarters, with an average year-over-year change of -1.71 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2023 (a gain of 10.07 percentage points); the worst was Q2 2025 (a drop of 4.25 percentage points).
- Per Business Quant data, IBCP's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 25.31% (Q1 2026), 25.96% (Q4 2025) and 26.17% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | 15.80% |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 13.07% |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | - |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | 12.02% |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | 49.26% |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | 14.05% |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | 3.63% |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 14.79% |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | - |
| 10 | Independent Bank | 761.88 Mn | 74.44 Mn | - | 22.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.43% |
| Mar 31, 2026 | 23.90% |
| Dec 31, 2025 | 25.01% |
| Sep 30, 2025 | 25.21% |
| Jun 30, 2025 | 24.41% |
| Mar 31, 2025 | 26.64% |
| Dec 31, 2024 | 28.61% |
| Sep 30, 2024 | 28.19% |
| Jun 30, 2024 | 28.09% |
| Mar 31, 2024 | 27.26% |
| Dec 31, 2023 | 26.25% |
| Sep 30, 2023 | 23.94% |
| Jun 30, 2023 | 21.02% |
| Mar 31, 2023 | 18.34% |
| Dec 31, 2022 | 16.98% |
| Sep 30, 2022 | 16.31% |
| Jun 30, 2022 | 16.07% |
| Mar 31, 2022 | 14.13% |
| Dec 31, 2021 | 14.40% |
| Sep 30, 2021 | 16.28% |
API Access
Independent Bank Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "IBCP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();