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
$668M
10.54
$3.06
0.78
$1.02
3.22%
Price and volume
Market cap
$668M
Beta
0.78
52-week high
$34.72
52-week low
$26.75
Average daily volume
120K
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)
10.542
Price to revenue (TTM)
3.096
Price to book
1.42
Price to tangible book (TTM)
1.52
Price to free cash flow (TTM)
8.937
Free cash flow yield (TTM)
11.19%
Free cash flow per share (TTM)
3.61
Dividend yield (TTM)
3.16%
Forward dividend yield
3.22%
Growth
Revenue change (TTM)
2.56%
Earnings per share change (TTM)
-1.95%
3-year revenue growth (CAGR)
1.92%
3-year earnings per share growth (CAGR)
3.42%
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
Net interest income rose by $0.9 million, or 2.1%, sequentially in Q2 2025, driven by higher yields on earning assets (GlobeNewswire)
Loans grew by $91.7 million, a 9.0% annualized increase in Q2 2025, reflecting strong commercial and consumer credit demand in its Michigan markets (GlobeNewswire)
Tangible common equity per share increased by $0.36 (6.9% annualized) in Q2 2025, strengthening the bank’s capital position and enhancing its ability to support future growth (GlobeNewswire)
Net income for Q2 2025 dropped to $16.9 million from $18.5 million a year earlier, and EPS fell to $0.81 from $0.88, underlining pressure from lower non-interest income and seasonal declines in mortgage servicing revenue (GlobeNewswire)
Keefe, Bruyette & Woods reduced its price target for IBCP from $37 to $35 on April 25, 2025, signaling subdued growth expectations despite strong loan expansion (ETF Daily News)
Core deposits declined by 1.4% annualized in Q2 2025 due to seasonal factors, raising concerns about funding stability and potential deposit cost pressure as rates rise (Nasdaq)
Data summarised monthly by Lightyear AI. Last updated on 30 Sept 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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FAQs
What’s the current market cap for Independent Bank Corp. stock?
Independent Bank Corp. (IBCP) has a market cap of $668M as of October 25, 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 10.54 as of October 25, 2025.
Does Independent Bank Corp. stock pay dividends?
Yes, the Independent Bank Corp. (IBCP) stock pays dividends to shareholders. As of October 25, 2025, the dividend rate is $1.02 and the yield is 3.22%. 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 is scheduled for November 14, 2025.
What is the beta indicator for Independent Bank Corp.?
Independent Bank Corp. (IBCP) has a beta rating of 0.78. 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.