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Independent Bank Corporation IBCP

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Price alert · IBCP

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36.57 USD -0.53 -1.43%

At close · Oct 30

36.57 0.00 0.00%

After hours · Oct 30, 4:00 PM ET

Bid
36.54 × 2
Ask
36.58 × 2
36.49 Day range 37.15
30.08 52-week range 38.67
YTD
+12.42%
1 year
+17.93%
Open
37.10
Prev close
37.10
Mkt cap
807.52M
Vol
126.98K
Avg vol
191.23K
EPS
3.40
P/E
10.76
Div yield
2.73%
More statistics
Low
36.49
High
37.15
Forward P/E
11.54
Beta
0.98
Short ratio
2.15
Inst. own
86.60%
Dividend
0.96
Ex-div date
Nov 4, 2024
Earnings
Jan 23, 2025
50-d avg
36.10
200-d avg
30.18
1y target
38.20

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Financial health

Altman Z-Score

0.36 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

4 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B+3 / 5 overall

  • DCF 3
  • Return on Equity 4
  • Return on Assets 3
  • Debt / Equity 4
  • P/E 3
  • P/B 2

Valuation

P/E 9.9×
FY 2016: 20.5×FY 2017: 23.3×FY 2018: 12.4×FY 2019: 11.2×FY 2020: 7.2×FY 2021: 8.2×FY 2022: 8.0×FY 2023: 9.2×FY 2024: 10.9×FY 2025: 9.9×
FY 2016 5y median 9.2× FY 2025
P/S 2.1×
FY 2016: 3.8×FY 2017: 3.5×FY 2018: 2.9×FY 2019: 2.7×FY 2020: 1.9×FY 2021: 2.5×FY 2022: 2.3×FY 2023: 1.9×FY 2024: 2.3×FY 2025: 2.1×
FY 2016 5y median 2.3× FY 2025
P/B 1.3×
FY 2016: 1.9×FY 2017: 1.8×FY 2018: 1.5×FY 2019: 1.5×FY 2020: 1.0×FY 2021: 1.3×FY 2022: 1.5×FY 2023: 1.3×FY 2024: 1.6×FY 2025: 1.3×
FY 2016 5y median 1.3× FY 2025
P/FCF 9.6×
FY 2016: 23.0×FY 2017: 13.9×FY 2018: 12.0×FY 2019: 17.5×FY 2020: 7.5×FY 2021: 4.9×FY 2022: 5.7×FY 2023: 7.8×FY 2024: 13.2×FY 2025: 9.6×
FY 2016 5y median 7.8× FY 2025
EV/EBITDA 7.1×
FY 2016: 11.1×FY 2017: 11.2×FY 2018: 8.8×FY 2019: 9.1×FY 2020: 5.0×FY 2021: 5.8×FY 2022: 7.4×FY 2023: 6.0×FY 2024: 7.9×FY 2025: 7.1×
FY 2016 5y median 7.1× FY 2025
EV/Sales 2.1×
FY 2016: 3.4×FY 2017: 3.7×FY 2018: 2.8×FY 2019: 3.0×FY 2020: 1.8×FY 2021: 2.5×FY 2022: 2.9×FY 2023: 1.8×FY 2024: 2.3×FY 2025: 2.1×
FY 2016 5y median 2.3× FY 2025
FCF Yield 10.4%
FY 2016: 4.3%FY 2017: 7.2%FY 2018: 8.3%FY 2019: 5.7%FY 2020: 13.4%FY 2021: 20.2%FY 2022: 17.6%FY 2023: 12.8%FY 2024: 7.6%FY 2025: 10.4%
FY 2016 5y median 12.8% FY 2025

Profitability

Gross Margin 69.6%
FY 2016: 95.5%FY 2017: 92.5%FY 2018: 88.9%FY 2019: 85.6%FY 2020: 86.5%FY 2021: 96.3%FY 2022: 88.7%FY 2023: 68.3%FY 2024: 66.9%FY 2025: 69.6%
FY 2016 5y median 69.6% FY 2025
Operating Margin 25.8%
FY 2016: 26.5%FY 2017: 27.8%FY 2018: 28.8%FY 2019: 30.3%FY 2020: 32.4%FY 2021: 37.3%FY 2022: 34.7%FY 2023: 26.0%FY 2024: 26.3%FY 2025: 25.8%
FY 2016 5y median 26.3% FY 2025
Net Margin 21.7%
FY 2016: 18.3%FY 2017: 14.8%FY 2018: 23.3%FY 2019: 24.3%FY 2020: 26.2%FY 2021: 30.4%FY 2022: 28.3%FY 2023: 20.8%FY 2024: 21.1%FY 2025: 21.7%
FY 2016 5y median 21.7% FY 2025
ROE 13.6%
FY 2016: 9.1%FY 2017: 7.7%FY 2018: 11.8%FY 2019: 13.3%FY 2020: 14.4%FY 2021: 15.8%FY 2022: 18.2%FY 2023: 14.6%FY 2024: 14.7%FY 2025: 13.6%
FY 2016 5y median 14.7% FY 2025
ROIC 9.2%
FY 2016: 7.7%FY 2017: 5.8%FY 2018: 9.9%FY 2019: 9.7%FY 2020: 11.3%FY 2021: 12.4%FY 2022: 12.4%FY 2023: 9.2%FY 2024: 9.8%FY 2025: 9.2%
FY 2016 5y median 9.8% FY 2025
ROA 1.2%
FY 2016: 0.9%FY 2017: 0.7%FY 2018: 1.2%FY 2019: 1.3%FY 2020: 1.3%FY 2021: 1.3%FY 2022: 1.3%FY 2023: 1.1%FY 2024: 1.3%FY 2025: 1.2%
FY 2016 5y median 1.3% FY 2025

Growth (YoY)

Revenue -0.3%
FY 2016: 8.5%FY 2017: 11.2%FY 2018: 23.8%FY 2019: 11.6%FY 2020: 12.3%FY 2021: -3.3%FY 2022: 8.3%FY 2023: 26.6%FY 2024: 11.5%FY 2025: -0.3%
FY 2016 FY 2025
Operating Income -2.1%
FY 2016: 12.0%FY 2017: 16.8%FY 2018: 27.8%FY 2019: 17.6%FY 2020: 20.3%FY 2021: 11.3%FY 2022: 0.6%FY 2023: -5.3%FY 2024: 12.7%FY 2025: -2.1%
FY 2016 FY 2025
EPS (diluted) 3.5%
FY 2016: 22.1%FY 2017: -9.5%FY 2018: 76.8%FY 2019: 19.0%FY 2020: 26.5%FY 2021: 13.8%FY 2022: 3.1%FY 2023: -6.1%FY 2024: 13.3%FY 2025: 3.5%
FY 2016 FY 2025
Free Cash Flow 27.1%
FY 2016: 9.4%FY 2017: 69.7%FY 2018: 19.5%FY 2019: -28.0%FY 2020: 83.7%FY 2021: 92.1%FY 2022: -14.7%FY 2023: -21.8%FY 2024: -20.6%FY 2025: 27.1%
FY 2016 FY 2025

Financial Health

Current Ratio 0.0×
FY 2016: 0.3×FY 2017: 0.2×FY 2018: 0.2×FY 2019: 0.2×FY 2020: 0.3×FY 2021: 0.4×FY 2022: 0.2×FY 2023: 0.2×FY 2024: 0.0×FY 2025: 0.0×
FY 2016 5y median 0.2× FY 2025
Quick Ratio 0.0×
FY 2016: 0.3×FY 2017: 0.2×FY 2018: 0.2×FY 2019: 0.2×FY 2020: 0.3×FY 2021: 0.4×FY 2022: 0.2×FY 2023: 0.2×FY 2024: 0.0×FY 2025: 0.0×
FY 2016 5y median 0.2× FY 2025
Debt / Equity 0.2×
FY 2016: 0.2×FY 2017: 0.3×FY 2018: 0.2×FY 2019: 0.4×FY 2020: 0.3×FY 2021: 0.3×FY 2022: 0.7×FY 2023: 0.3×FY 2024: 0.3×FY 2025: 0.2×
FY 2016 5y median 0.3× FY 2025
Net Debt / EBITDA -0.2×
FY 2016: -1.1×FY 2017: 0.7×FY 2018: -0.1×FY 2019: 1.0×FY 2020: -0.1×FY 2021: -0.0×FY 2022: 1.7×FY 2023: -0.5×FY 2024: 0.0×FY 2025: -0.2×
FY 2016 5y median -0.0× FY 2025
Interest Coverage 0.9×
FY 2016: 4.8×FY 2017: 4.2×FY 2018: 2.8×FY 2019: 2.2×FY 2020: 4.3×FY 2021: 9.3×FY 2022: 4.0×FY 2023: 0.9×FY 2024: 0.8×FY 2025: 0.9×
FY 2016 5y median 0.9× FY 2025

Dividends

Dividend Yield 3.2%
FY 2016: 1.6%FY 2017: 1.9%FY 2018: 2.9%FY 2019: 3.2%FY 2020: 4.3%FY 2021: 3.5%FY 2022: 3.7%FY 2023: 3.5%FY 2024: 2.8%FY 2025: 3.2%
FY 2016 5y median 3.5% FY 2025
Payout Ratio 31.5%
FY 2016: 32.0%FY 2017: 43.8%FY 2018: 35.3%FY 2019: 35.6%FY 2020: 31.4%FY 2021: 28.9%FY 2022: 29.3%FY 2023: 32.7%FY 2024: 30.0%FY 2025: 31.5%
FY 2016 5y median 30.0% FY 2025

Annual · latest fiscal year ends 2025-12-31