Independent Bank Corporation IBCP
37.55 USD +0.87 (+2.37%)
Nov 4, 2026, 11:47 AM EST
37.22 Day range 38.35
29.83 52-week range 39.24
- YTD
- +15.43%
- 1 year
- +24.13%
- Market cap
- 828.50M
- Revenue (ttm)
- 208.21M
- Profit margin
- 29.81%
- EPS (ttm)
- 3.40
- Shares out
- 20.89M
- P/E ratio
- 11.04
- Forward P/E
- 11.54
- Dividend
- 0.96 (3.03%)
- Ex-dividend date
- Nov 4, 2024
- YTD return
- +15.43%
- 1-year return
- +24.13%
- Volume
- 52.70K
- Avg volume
- 190.35K
- Open
- 37.37
- Previous close
- 36.68
- Day's range
- 37.22 – 38.35
- 52-week range
- 29.83 – 39.24
- Beta
- 0.98
- Analysts
- Hold
- Price target
- 38.20 (+1.7%)
- Earnings date
- Jan 23, 2025
2Y +4.85 (+14.82%)
Key statistics
- Enterprise value
- 683.91M
- PEG ratio
- 0.00
- Price / sales
- 3.52
- Price / book
- 1.62
- Dividend yield
- 2.73%
- Payout ratio
- 32.31%
- Revenue growth
- -7.10%
- Free cash flow
- 0
- Total cash
- 160.33M
- Total debt
- 110.02M
- Return on equity
- 15.00%
- Short % of float
- 1.18%
- 50-day average
- 36.10
- 200-day average
- 30.18
Analyst view
Consensus: hold
Hold
Price target (mean) 38.20 +1.7% upside
Now 37.55
- Target (low)
- 35.00
- Target (mean)
- 38.20
- Target (high)
- 41.00
Ratings (0m) 5 0 buy · 5 hold · 0 sell
- Strong buy0
- Buy0
- Hold5
- Sell0
- Strong sell0
Next earnings
Jan 23, 2025
Expected Jan 23, 2025. Consensus EPS estimate 0.76.
Financials — quick view
IBCP Revenue — quarterly 60.52M
IBCP Net income — quarterly 18.80M
IBCP EPS — quarterly 0.91
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Jan 23, 2025 | Dec 1, 2024 | 0.76 | — | — | — |
| Oct 24, 2024 | Sep 1, 2024 | 0.76 | 0.65 | -0.11 | -14.47% |
| Jul 25, 2024 | Jun 1, 2024 | 0.71 | 0.88 | +0.17 | +23.94% |
| Apr 25, 2024 | Mar 1, 2024 | 0.65 | 0.76 | +0.11 | +16.92% |
| Jan 25, 2024 | Dec 1, 2023 | 0.71 | 0.79 | +0.08 | +11.27% |
| Oct 24, 2023 | Sep 1, 2023 | 0.63 | 0.83 | +0.20 | +31.75% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 4, 2024 | Keefe, Bruyette & Woods | main | Market Perform | Market Perform |
| Jul 29, 2024 | Keefe, Bruyette & Woods | reit | Market Perform | Market Perform |
| Jul 29, 2024 | Piper Sandler | main | Neutral | Neutral |
| Apr 30, 2024 | DA Davidson | main | Neutral | Neutral |
| Jul 26, 2023 | Keefe, Bruyette & Woods | main | Market Perform | Market Perform |
| Dec 13, 2022 | Keefe, Bruyette & Woods | down | Outperform | Market Perform |
About Independent Bank Corporation
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
- Sector
- Financial Services
- Industry
- Banks - Regional
- Country
- United States
- Website
- independentbank.com
News
Piper Sandler Maintains Overweight on Independent Bank, Raises Price Target to $43 
DA Davidson Maintains Neutral on Independent Bank, Raises Price Target to $42 
Independent Bank Corporation (IBCP) Q3 2026 Earnings Call Transcript 
Independent Bank Q3 Earnings Call Highlights 
Independent Bank Q3 2026 Earnings Call Transcript 
Independent Bank (IBCP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates 
UPDATE: Independent Bank Q3 Adj. EPS $0.92 Beats $0.88 Estimate, Sales $55.257M Miss $56.845M Estimate 
Independent Bank (IBCP) Q3 Earnings and Revenues Top Estimates 
Independent Bank Q3 EPS $0.80 Misses $0.88 Estimate, Sales $55.257M Miss $56.845M Estimate 
Independent Bank Corporation Reports 2026 Third Quarter Earnings of $0.80 Per Diluted Share
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BOER WILLIAM J | Director | Stock Gift | Nov 6, 2024 | 0 |
| DANIEL LARRY R JR | Officer | Sale | Nov 24, 2024 | 26,638 |
| ERVIN PATRICK J | Officer | Purchase | Dec 2, 2024 | 36,413 |
| KELLER CHRISTINA L | Director | Sale | Sep 11, 2024 | 0 |
| KESSEL WILLIAM B | Chief Executive Officer | Stock Gift | Dec 10, 2024 | 150,073 |
| KIMBALL STEFANIE M | Officer | Sale | Sep 2, 2024 | 67,113 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 13.58% | 2,836,633 | 99.51M | Sep 29, 2024 |
| Vanguard Group Inc | 5.71% | 1,192,954 | 41.85M | Sep 29, 2024 |
| FMR, LLC | 4.95% | 1,034,775 | 36.30M | Sep 29, 2024 |
| Dimensional Fund Advisors LP | 4.60% | 961,202 | 33.72M | Sep 29, 2024 |
| FJ Capital Management LLC | 3.85% | 805,367 | 28.25M | Sep 29, 2024 |
| State Street Corporation | 3.10% | 647,579 | 22.72M | Sep 29, 2024 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 3.18% | 664,799 | 23.32M | Sep 29, 2024 |
| iShares Russell 2000 ETF | 2.73% | 570,864 | 20.03M | Oct 30, 2024 |
| Avantis U.S. Small Cap Value ETF | 1.87% | 390,421 | 13.70M | Sep 29, 2024 |
| JP Morgan Small Cap Blend Fund | 1.44% | 300,985 | 10.56M | Sep 29, 2024 |
| Vanguard Extended Market Index Fund | 1.42% | 296,156 | 10.39M | Sep 29, 2024 |
| Proshares Tr-Russell 2000 Dividend Growers ETF | 1.04% | 217,117 | 7.62M | Oct 30, 2024 |