Independent Bank (Michigan) (IBCP) - Market capitalization

Market cap: ₹59.44 Billion

As of September 2024 Independent Bank (Michigan) has a market cap of ₹59.44 Billion. This makes Independent Bank (Michigan) the world's 5992th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's outstanding shares and is commonly used to measure how much a company is worth.

Market cap history of Independent Bank (Michigan) from 1996 to 2024

End of year Market Cap

Year	Market cap	Change
2024	₹59.44 B	31.69%
2023	₹45.14 B	8.27%
2022	₹41.69 B	10.72%
2021	₹37.66 B	27.79%
2020	₹29.47 B	-18.69%
2019	₹36.24 B	5.13%
2018	₹34.47 B	12.59%
2017	₹30.62 B	-2.26%
2016	₹31.32 B	39.13%
2015	₹22.51 B	18.77%
2014	₹18.95 B	12.04%
2013	₹16.92 B	869.72%
2012	₹1.74 B	192.53%
2011	₹0.59 B	30.22%
2010	₹0.45 B	-43.15%
2009	₹0.80 B	-67.39%
2008	₹2.47 B	-70.87%
2007	₹8.48 B	-66.87%
2006	₹25.61 B	-4.96%
2005	₹26.94 B	6.34%
2004	₹25.34 B	0.1%
2003	₹25.31 B	46.76%
2002	₹17.24 B	8.38%
2001	₹15.91 B	48.72%
2000	₹10.70 B	49.82%
1999	₹7.14 B	12.37%
1998	₹6.35 B	-12.93%
1997	₹7.30 B	108.68%
1996	₹3.49 B

End of Day market cap according to different sources

On Sep 21st, 2024 the market cap of Independent Bank (Michigan) was reported to be:

₹59.44 Billion

by Yahoo Finance

₹59.44 Billion

by CompaniesMarketCap

₹61.13 Billion

by Nasdaq

Market capitalization for similar companies or competitors

Name	Market cap	Market cap differencediff.	Country
Mercantile Bank MBWM	₹59.56 B	0.21%	🇺🇸 USA
Macatawa Bank MCBC	₹42.72 B	-28.13%	🇺🇸 USA
1st Source SRCE	₹123.98 B	108.56%	🇺🇸 USA
Huntington Bancshares HBAN	₹1.810 T	2,945.88%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Market capitalization of Independent Bank (Michigan) (IBCP)

Market cap: ₹59.44 Billion