Independent Bank Corp./$IBCP
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About Independent Bank Corp.
Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.
Ticker
$IBCP
Sector
Primary listing
Employees
783
Headquarters
Website
IBCP Metrics
BasicAdvanced
$657M
10.37
$3.06
0.85
$1.02
3.28%
Price and volume
Market cap
$657M
Beta
0.85
52-week high
$34.72
52-week low
$26.75
Average daily volume
88K
Dividend rate
$1.02
Financial strength
Dividend payout ratio (TTM)
32.23%
Profitability
Net profit margin (TTM)
29.77%
Operating margin (TTM)
37.99%
Effective tax rate (TTM)
18.94%
Revenue per employee (TTM)
$280,000
Management effectiveness
Return on assets (TTM)
1.21%
Return on equity (TTM)
14.39%
Valuation
Price to earnings (TTM)
10.372
Price to revenue (TTM)
3.046
Price to book
1.4
Price to tangible book (TTM)
1.5
Price to free cash flow (TTM)
8.793
Free cash flow yield (TTM)
11.37%
Free cash flow per share (TTM)
3.61
Dividend yield (TTM)
3.21%
Forward dividend yield
3.28%
Growth
Revenue change (TTM)
2.56%
Earnings per share change (TTM)
-1.94%
3-year revenue growth (CAGR)
1.92%
3-year earnings per share growth (CAGR)
3.41%
10-year earnings per share growth (CAGR)
14.65%
3-year dividend per share growth (CAGR)
5.16%
10-year dividend per share growth (CAGR)
15.34%
Bulls say / Bears say
Independent Bank’s loan portfolio expanded by $91.7 million (9.0% annualized) in Q2 2025, underscoring robust demand across its commercial and consumer lending segments. (Nasdaq)
Net interest margin widened by nine basis points to 3.58% in Q2 2025, contributing to a 7.9% year-over-year increase in net interest income to $44.6 million. (GuruFocus News)
Tangible common equity per share rose by $0.36 (6.9% annualized) in Q2 2025, bolstering the bank's capital buffers and supporting regulatory capital requirements. (SEC Form 8-K)
Net income for Q2 2025 declined 8.6% year-over-year to $16.9 million from $18.5 million in Q2 2024, signaling pressure on core profitability. (Nasdaq)
The bank missed top-line expectations in Q2 2025, reporting revenue of $54.44 million versus analyst forecasts of $57.11 million, a 4.7% shortfall that weighed on investor sentiment. (Investing.com)
Non-interest income for Q2 2025 fell 25.7% year-over-year to $11.3 million from $15.2 million, reflecting reduced fee-based revenue and limited diversification away from interest income. (GuruFocus News)
Data summarised monthly by Lightyear AI. Last updated on 30 Aug 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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Capital at risk
Upcoming events
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FAQs
What’s the current market cap for Independent Bank Corp. stock?
Independent Bank Corp. (IBCP) has a market cap of $657M as of September 15, 2025.
What is the P/E ratio for Independent Bank Corp. stock?
The price to earnings (P/E) ratio for Independent Bank Corp. (IBCP) stock is 10.37 as of September 15, 2025.
Does Independent Bank Corp. stock pay dividends?
Yes, the Independent Bank Corp. (IBCP) stock pays dividends to shareholders. As of September 15, 2025, the dividend rate is $1.02 and the yield is 3.28%. Independent Bank Corp. has a payout ratio of 32.23% on a trailing twelve-month basis.
When is the next Independent Bank Corp. dividend payment date?
The next Independent Bank Corp. (IBCP) dividend payment date is unconfirmed.
What is the beta indicator for Independent Bank Corp.?
Independent Bank Corp. (IBCP) has a beta rating of 0.85. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.