IBCP
Independent Bank Corporation
Price Chart
Latest Quote
$35.59
+0.38 (+1.08%)
Current Price
| Previous Close | $35.21 |
| Open | $35.33 |
| Day High | $35.84 |
| Day Low | $35.14 |
| Volume | 259,612 |
Stock Information
| Quarterly Dividend / Yield | $1.12 / 3.15% |
| Shares Outstanding | 20.61M |
| Quarterly Dividend Yield | 3.15% |
| Quarterly Dividend | $1.12 |
| Total Debt | $89.69M |
| Cash Equivalents | $201.88M |
| Revenue | $224.68M |
| Net Income | $69.83M |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | $733.37M |
| P/E Ratio | 10.66 |
| EPS (TTM) | $3.34 |
| Exchange | NMS |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $621.17M |
| Sales | $224.68M |
| Income | $69.83M |
| Book/sh | $24.80 |
| Cash/sh | $9.80 |
| Employees | 735 |
Financial Ratios
| EPS Growth TTM | 8.20% |
Returns & Margins
| ROA | 1.28% |
| ROE | 14.28% |
| Operating Margin | 39.00% |
| Profit Margin | 31.08% |
Ownership
| Insider Ownership | 4.98% |
| Institutional Ownership | 87.94% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 9.30 |
| PEG | 1.40 |
| P/S | 3.26 |
| P/B | 1.44 |
Analyst Data
| Recommendation | none |
| Target Price | $36.70 |
Technical Indicators
| SMA20 | $34.58 |
| SMA50 | $33.99 |
| SMA200 | $32.95 |
| RSI | 72.90 |
| ATR | 0.8893 |
| Shares Float | 20.05M |
| Short Float | 3.34% |
| Short Ratio | 4.25 |
| Volatility | 0.71 |
| Rel Volume | 1.76 |
Performance History
| Week | +2.56% |
| Month | +4.99% |
| Quarter | +9.38% |
| 6 Months | +6.00% |
| YTD | +12.36% |
| Year | +17.56% |
| 3 Years | +120.83% |
| 5 Years | +88.40% |
| 10 Years | +263.58% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-24 | $35.59 | 278,700 |
| 2026-06-23 | $35.21 | 193,300 |
| 2026-06-22 | $34.19 | 163,800 |
| 2026-06-18 | $34.31 | 296,500 |
| 2026-06-17 | $34.27 | 198,100 |
| 2026-06-16 | $34.70 | 174,800 |
| 2026-06-15 | $34.61 | 164,700 |
| 2026-06-12 | $35.48 | 213,100 |
| 2026-06-11 | $35.32 | 127,100 |
| 2026-06-10 | $35.31 | 135,500 |
| 2026-06-09 | $35.21 | 143,200 |
| 2026-06-08 | $34.75 | 84,600 |
| 2026-06-05 | $34.58 | 107,600 |
| 2026-06-04 | $34.20 | 153,200 |
| 2026-06-03 | $33.19 | 117,800 |
| 2026-06-02 | $34.26 | 143,300 |
| 2026-06-01 | $33.77 | 163,000 |
| 2026-05-29 | $34.32 | 96,700 |
| 2026-05-28 | $34.14 | 92,900 |
| 2026-05-27 | $34.13 | 120,400 |
| 2026-05-26 | $34.36 | 97,000 |
About Independent Bank Corporation
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
đ° Latest News
Independent Bank (IBCP) is a Top Dividend Stock Right Now: Should You Buy?
Zacks âĸ 2026-06-15T15:45:05Z
Virginia National Bankshares Leads Our 3 Dividend Stock Picks
Simply Wall St. âĸ 2026-06-10T11:32:18Z
Independent Bank (IBCP) Upgraded to Buy: What Does It Mean for the Stock?
Zacks âĸ 2026-06-08T16:00:06Z
This is Why Independent Bank (IBCP) is a Great Dividend Stock
Zacks âĸ 2026-05-29T15:45:03Z
Independent Bank (IBCP) Could Be a Great Choice
Zacks âĸ 2026-05-13T15:45:04Z
3 Dividend Stocks To Consider With Up To 9.8% Yield
Simply Wall St. âĸ 2026-05-12T11:31:50Z
Are You Looking for a High-Growth Dividend Stock?
Zacks âĸ 2026-04-27T15:45:04Z
Independent Bank Shareholders Reelect Directors, Approve Pay Votes, Hear 2025 Earnings Update at AGM
MarketBeat âĸ 2026-04-25T09:02:46Z
Independent Bank Corp. (IBCP) Q1 2026 Earnings Call Highlights: Strong Income Growth and ...
GuruFocus.com âĸ 2026-04-24T07:12:42ZIndependent Bank Corporation Q1 2026 Earnings Call Summary
Moby âĸ 2026-04-23T20:48:39Z
Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $218,327,000 | $215,802,000 | $200,480,000 | $204,785,000 |
| Operating Revenue | $218,327,000 | $215,802,000 | $200,480,000 | $204,785,000 |
| Expenses | ||||
| Interest Expense | $89,722,000 | $100,528,000 | $83,348,000 | $19,447,000 |
| Selling And Marketing Expense | $3,211,000 | $3,058,000 | $2,165,000 | $2,074,000 |
| General And Administrative Expense | $89,046,000 | $88,774,000 | $82,921,000 | $84,017,000 |
| Professional Expense And Contract Services Expense | $2,448,000 | $2,566,000 | $2,208,000 | $2,133,000 |
| Other Non Interest Expense | $23,900,000 | $22,151,000 | $20,645,000 | $19,077,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $68,541,000 | $66,790,000 | $59,067,000 | $63,351,000 |
| Net Interest Income | $180,015,000 | $166,248,000 | $156,329,000 | $149,561,000 |
| Interest Income | $269,737,000 | $266,776,000 | $239,677,000 | $169,008,000 |
| Normalized Income | $68,502,215 | $66,653,277 | $59,082,233 | $63,176,717 |
| Net Income From Continuing And Discontinued Operation | $68,541,000 | $66,790,000 | $59,067,000 | $63,351,000 |
| Net Income Common Stockholders | $68,541,000 | $66,790,000 | $59,067,000 | $63,351,000 |
| Net Income | $68,541,000 | $66,790,000 | $59,067,000 | $63,351,000 |
| Net Income Including Noncontrolling Interests | $68,541,000 | $66,790,000 | $59,067,000 | $63,351,000 |
| Net Income Continuous Operations | $68,541,000 | $66,790,000 | $59,067,000 | $63,351,000 |
| Pretax Income | $81,291,000 | $83,046,000 | $73,676,000 | $77,788,000 |
| Depreciation Amortization Depletion Income Statement | $487,000 | $516,000 | $547,000 | $785,000 |
| Depreciation And Amortization In Income Statement | $487,000 | $516,000 | $547,000 | $785,000 |
| Amortization Of Intangibles Income Statement | $487,000 | $516,000 | $547,000 | $785,000 |
| Per Share | ||||
| Diluted EPS | $3.27 | $3.16 | $2.79 | $2.97 |
| Basic EPS | $3.30 | $3.20 | $2.82 | $3.00 |
| Other | ||||
| Tax Effect Of Unusual Items | $7,215 | $33,277 | $-3,767 | $39,717 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Total Unusual Items | $46,000 | $170,000 | $-19,000 | $214,000 |
| Total Unusual Items Excluding Goodwill | $46,000 | $170,000 | $-19,000 | $214,000 |
| Reconciled Depreciation | $9,906,000 | $10,005,000 | $10,019,000 | $10,827,000 |
| Diluted Average Shares | $20,960,550 | $21,136,076 | $21,170,968 | $21,330,303 |
| Basic Average Shares | $20,770,000 | $20,871,875 | $20,945,745 | $21,117,000 |
| Diluted NI Availto Com Stockholders | $68,541,000 | $66,790,000 | $59,067,000 | $63,351,000 |
| Tax Provision | $12,750,000 | $16,256,000 | $14,609,000 | $14,437,000 |
| Gain On Sale Of Security | $-370,000 | $2,257,000 | $-222,000 | $-275,000 |
| Amortization | $487,000 | $516,000 | $547,000 | $785,000 |
| Selling General And Administration | $92,257,000 | $91,832,000 | $85,086,000 | $86,091,000 |
| Insurance And Claims | $2,824,000 | $2,870,000 | $3,005,000 | $2,142,000 |
| Salaries And Wages | $86,222,000 | $85,904,000 | $79,916,000 | $81,875,000 |
| Occupancy And Equipment | $12,034,000 | $11,568,000 | $11,664,000 | $12,914,000 |
| Other Gand A | - | - | - | $2,871,000 |
Fetched: 2026-06-20
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $442,157,000 | $378,102,000 | $331,902,000 | $274,256,000 |
| Total Assets | $5,505,720,000 | $5,338,104,000 | $5,263,726,000 | $4,999,787,000 |
| Goodwill And Other Intangible Assets | $60,794,000 | $76,584,000 | $72,547,000 | $73,340,000 |
| Other Intangible Assets | $32,494,000 | $48,284,000 | $44,247,000 | $45,040,000 |
| Cash And Cash Equivalents | $138,387,000 | $119,882,000 | $169,781,000 | $74,371,000 |
| Cash Financial | $52,235,000 | $56,984,000 | $68,208,000 | $70,180,000 |
| Cash Cash Equivalents And Federal Funds Sold | $138,387,000 | $119,882,000 | $169,781,000 | $74,371,000 |
| Receivables | - | - | - | $128,904,000 |
| Other Receivables | - | - | - | $128,904,000 |
| Debt | ||||
| Total Debt | $116,867,000 | $124,391,000 | $129,264,000 | $165,099,000 |
| Long Term Debt And Capital Lease Obligation | $116,867,000 | $124,391,000 | $129,264,000 | $165,099,000 |
| Long Term Debt | $116,867,000 | $124,391,000 | $129,264,000 | $165,099,000 |
| Net Debt | - | $4,509,000 | - | $90,728,000 |
| Current Debt And Capital Lease Obligation | - | - | - | $61,000,000 |
| Current Debt | - | - | - | $61,000,000 |
| Other Current Borrowings | - | - | - | $61,000,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $5,002,769,000 | $4,883,418,000 | $4,859,277,000 | $4,652,191,000 |
| Payables And Accrued Expenses | - | - | - | $108,023,000 |
| Equity | ||||
| Common Stock Equity | $502,951,000 | $454,686,000 | $404,449,000 | $347,596,000 |
| Total Equity Gross Minority Interest | $502,951,000 | $454,686,000 | $404,449,000 | $347,596,000 |
| Stockholders Equity | $502,951,000 | $454,686,000 | $404,449,000 | $347,596,000 |
| Gains Losses Not Affecting Retained Earnings | $-57,688,000 | $-69,944,000 | $-72,142,000 | $-92,763,000 |
| Other Equity Adjustments | $-57,688,000 | $-69,944,000 | $-72,142,000 | $-92,763,000 |
| Retained Earnings | $252,794,000 | $205,853,000 | $159,108,000 | $119,368,000 |
| Other | ||||
| Ordinary Shares Number | $20,548,893 | $20,895,714 | $20,835,633 | $21,063,971 |
| Share Issued | $20,548,893 | $20,895,714 | $20,835,633 | $21,063,971 |
| Tangible Book Value | $442,157,000 | $378,102,000 | $331,902,000 | $274,256,000 |
| Invested Capital | $619,818,000 | $579,077,000 | $533,713,000 | $512,695,000 |
| Total Capitalization | $619,818,000 | $579,077,000 | $533,713,000 | $512,695,000 |
| Capital Stock | $307,845,000 | $318,777,000 | $317,483,000 | $320,991,000 |
| Common Stock | $307,845,000 | $318,777,000 | $317,483,000 | $320,991,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Investments And Advances | $805,432,000 | $898,618,000 | $1,033,338,000 | $1,154,165,000 |
| Held To Maturity Securities | $309,523,000 | $339,436,000 | $353,988,000 | $374,818,000 |
| Available For Sale Securities | $472,691,000 | $533,796,000 | - | - |
| Goodwill | $28,300,000 | $28,300,000 | $28,300,000 | $28,300,000 |
| Net PPE | $38,972,000 | $37,492,000 | $35,523,000 | $35,893,000 |
| Accumulated Depreciation | $-128,530,000 | $-123,928,000 | $-120,736,000 | $-118,020,000 |
| Gross PPE | $167,502,000 | $161,420,000 | $156,259,000 | $153,913,000 |
| Other Properties | $83,743,000 | $80,988,000 | $78,648,000 | $75,770,000 |
| Buildings And Improvements | $66,369,000 | $64,103,000 | $61,190,000 | $60,708,000 |
| Land And Improvements | $17,390,000 | $16,329,000 | $16,421,000 | $17,435,000 |
| Other Short Term Investments | $23,218,000 | $559,182,000 | $679,350,000 | $779,347,000 |
| Treasury Shares Number | - | - | $0 | - |
| Current Accrued Expenses | - | - | - | $108,023,000 |
Fetched: 2026-06-20
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $70,168,000 | $55,201,000 | $69,565,000 | $88,953,000 |
| Operating Activities | ||||
| Operating Cash Flow | $76,662,000 | $63,151,000 | $75,589,000 | $94,632,000 |
| Cash Flow From Continuing Operating Activities | $76,662,000 | $63,151,000 | $75,589,000 | $94,632,000 |
| Operating Gains Losses | $-6,177,000 | $-8,836,000 | $-7,214,000 | $-6,156,000 |
| Investing Activities | ||||
| Capital Expenditure | $-6,494,000 | $-7,950,000 | $-6,024,000 | $-5,679,000 |
| Investing Cash Flow | $-122,497,000 | $-118,159,000 | $-162,945,000 | $-424,592,000 |
| Cash Flow From Continuing Investing Activities | $-122,497,000 | $-118,159,000 | $-162,945,000 | $-424,592,000 |
| Net Other Investing Changes | $153,000 | $2,934,000 | $2,818,000 | $1,930,000 |
| Capital Expenditure Reported | $-6,494,000 | $-7,950,000 | $-6,024,000 | $-5,679,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-12,433,000 | $0 | $-5,157,000 | $-4,010,000 |
| Issuance Of Capital Stock | $0 | $13,000 | $70,000 | $77,000 |
| Financing Cash Flow | $64,340,000 | $5,109,000 | $182,766,000 | $294,858,000 |
| Cash Flow From Continuing Financing Activities | $64,340,000 | $5,109,000 | $182,766,000 | $294,858,000 |
| Cash Dividends Paid | $-21,600,000 | $-20,045,000 | $-19,327,000 | $-18,565,000 |
| Common Stock Dividend Paid | $-21,600,000 | $-20,045,000 | $-19,327,000 | $-18,565,000 |
| Net Common Stock Issuance | $-12,433,000 | $13,000 | $-5,087,000 | $-3,933,000 |
| Common Stock Issuance | $0 | $13,000 | $70,000 | $77,000 |
| Other | ||||
| Repayment Of Debt | $-315,006,000 | $-135,017,000 | $-170,980,000 | $-295,000,000 |
| Issuance Of Debt | $307,000,000 | $130,000,000 | $135,000,000 | $350,997,000 |
| Interest Paid Supplemental Data | $90,939,000 | $103,953,000 | $79,101,000 | $17,657,000 |
| Income Tax Paid Supplemental Data | $11,650,000 | $13,900,000 | $16,100,000 | $10,040,000 |
| End Cash Position | $138,387,000 | $119,882,000 | $169,781,000 | $74,371,000 |
| Beginning Cash Position | $119,882,000 | $169,781,000 | $74,371,000 | $109,473,000 |
| Changes In Cash | $18,505,000 | $-49,899,000 | $95,410,000 | $-35,102,000 |
| Proceeds From Stock Option Exercised | $-1,215,000 | $-1,051,000 | $-650,000 | $-620,000 |
| Common Stock Payments | $-12,433,000 | $0 | $-5,157,000 | $-4,010,000 |
| Net Issuance Payments Of Debt | $-8,006,000 | $-5,017,000 | $-35,980,000 | $55,997,000 |
| Net Long Term Debt Issuance | $-8,006,000 | $-5,017,000 | $-35,980,000 | $55,997,000 |
| Long Term Debt Payments | $-315,006,000 | $-135,017,000 | $-170,980,000 | $-295,000,000 |
| Long Term Debt Issuance | $307,000,000 | $130,000,000 | $135,000,000 | $350,997,000 |
| Net Investment Purchase And Sale | $109,691,000 | $136,917,000 | $143,661,000 | $119,829,000 |
| Sale Of Investment | $136,154,000 | $140,545,000 | $145,401,000 | $260,037,000 |
| Purchase Of Investment | $-26,463,000 | $-3,628,000 | $-1,740,000 | $-140,208,000 |
| Net PPE Purchase And Sale | $0 | $960,000 | $1,648,000 | $1,833,000 |
| Sale Of PPE | $0 | $960,000 | $1,648,000 | $1,833,000 |
| Change In Working Capital | $-7,762,000 | $-24,170,000 | $-18,214,000 | $-11,195,000 |
| Change In Payables And Accrued Expense | $17,886,000 | $1,017,000 | $-3,597,000 | $14,648,000 |
| Change In Accrued Expense | $17,886,000 | $1,017,000 | $-3,597,000 | $14,648,000 |
| Change In Receivables | $-25,648,000 | $-25,187,000 | $-14,617,000 | $-25,843,000 |
| Other Non Cash Items | $6,834,000 | $13,810,000 | $23,277,000 | $30,680,000 |
| Stock Based Compensation | $2,716,000 | $2,332,000 | $2,229,000 | $2,143,000 |
| Deferred Tax | $-3,531,000 | $-1,248,000 | $215,000 | $-359,000 |
| Deferred Income Tax | $-3,531,000 | $-1,248,000 | $215,000 | $-359,000 |
| Depreciation Amortization Depletion | $9,906,000 | $10,005,000 | $10,019,000 | $10,827,000 |
| Depreciation And Amortization | $9,906,000 | $10,005,000 | $10,019,000 | $10,827,000 |
| Depreciation | $9,906,000 | $10,005,000 | $10,019,000 | $10,827,000 |
| Gain Loss On Investment Securities | $370,000 | $-2,257,000 | $222,000 | $275,000 |
| Gain Loss On Sale Of PPE | $233,000 | $0 | $0 | - |
| Net Income From Continuing Operations | $68,541,000 | $66,790,000 | $59,067,000 | $63,351,000 |
Fetched: 2026-06-20