Mark Olsen - Independent Bank VP Mang

IBCP Stock  USD 33.98  0.64  1.92%   

Insider

Mark Olsen is VP Mang of Independent Bank
Address 4200 East Beltline, Grand Rapids, MI, United States, 49525
Phone616 527 5820
Webhttps://www.independentbank.com

Independent Bank Management Efficiency

The company has return on total asset (ROA) of 0.0126 % which means that it generated a profit of $0.0126 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1555 %, meaning that it created $0.1555 on every $100 dollars invested by stockholders. Independent Bank's management efficiency ratios could be used to measure how well Independent Bank manages its routine affairs as well as how well it operates its assets and liabilities. As of 03/01/2025, Return On Tangible Assets is likely to drop to 0.01. In addition to that, Return On Capital Employed is likely to drop to 0.04. As of 03/01/2025, Liabilities And Stockholders Equity is likely to grow to about 6.4 B. Also, Total Current Liabilities is likely to grow to about 2.5 B
Independent Bank currently holds 129.26 M in liabilities with Debt to Equity (D/E) ratio of 0.14, which may suggest the company is not taking enough advantage from borrowing. Note, when we think about Independent Bank's use of debt, we should always consider it together with its cash and equity.

Similar Executives

Showing other executives

INSIDER Age

John SprinkHomeTrust Bancshares
N/A
Mark PetersLake Shore Bancorp
N/A
Delayne LewisHome Federal Bancorp
N/A
PHR MBAFirst Northwest Bancorp
N/A
Timothy StronksCommunity West Bancshares
55
Nicole MayLake Shore Bancorp
N/A
Janinne DuganLake Shore Bancorp
N/A
CPA CPACommunity West Bancshares
60
Jennifer CFELake Shore Bancorp
44
Greg DoyalHome Federal Bancorp
N/A
Geraldine BullardFirst Northwest Bancorp
58
Cindy HuntleyHeritage Financial
60
Robert CortellucciLake Shore Bancorp
56
Susan SexsonFirst Community
N/A
Brenda MikolajczakLake Shore Bancorp
N/A
Mark MaplesGreat Southern Bancorp
N/A
Megan PelletierHomeTrust Bancshares
46
Steve SlighFirst Community
75
Bonnie ZelwakHomeTrust Bancshares
N/A
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan. Independent operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 866 people. Independent Bank (IBCP) is traded on NASDAQ Exchange in USA. It is located in 4200 East Beltline, Grand Rapids, MI, United States, 49525 and employs 13 people. Independent Bank is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Independent Bank Leadership Team

Elected by the shareholders, the Independent Bank's board of directors comprises two types of representatives: Independent Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Independent. The board's role is to monitor Independent Bank's management team and ensure that shareholders' interests are well served. Independent Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Independent Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
CPA CPA, CEO Pres
Mark Olsen, VP Mang
Patrick Ervin, Executive Vice President - Mortgage Banking
Larry Daniel, Executive Vice President - Operations and Digital Banking
Keith Lightbody, Officer Bank
Gavin Mohr, Executive CFO
Stefanie Kimball, Chief Risk Officer and Executive VP
Laurinda Neve, Senior Resources
William CPA, CEO President
Christopher Michaels, Chief Officer
Joel Rahn, Executive Officer
Darcy Benjamin, Accounting Officer
James Twarozynski, Senior Vice President Controller

Independent Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Independent Bank a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Additional Tools for Independent Stock Analysis

When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.