Independent Bank Corp./$IBCP
1D1W1MYTD1Y5YMAX
Capital at risk
About Independent Bank Corp.
Independent Bank Corp. 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. The firm's principal markets are the rural and suburban communities across Lower Michigan. The firm generates the majority of its revenue from Interest and fees on loans.
- Ticker
- $IBCP
- Sector
- Finance
- Primary listing
- NASDAQ
- Employees
- 781
- Headquarters
- Grand Rapids, United States
- Website
- www.independentbank.com
IBCP Metrics
BasicAdvanced
$810M
10.57
$3.45
0.70
$1.10
3.07%
Price and volume
Market cap
$810M
Beta
0.7
52-week high
$39.24
52-week low
$29.83
Average daily volume
168K
Dividend rate
$1.10
Financial strength
Dividend payout ratio (TTM)
31.08%
Profitability
Net profit margin (TTM)
31.10%
Operating margin (TTM)
38.98%
Effective tax rate (TTM)
15.01%
Revenue per employee (TTM)
$300,000
Management effectiveness
Return on assets (TTM)
1.29%
Return on equity (TTM)
14.38%
Valuation
Price to earnings (TTM)
10.568
Price to revenue (TTM)
3.266
Price to book
1.42
Price to tangible book (TTM)
1.5
Price to free cash flow (TTM)
19.754
Free cash flow yield (TTM)
5.06%
Free cash flow per share (TTM)
1.846
Dividend yield (TTM)
3.02%
Forward dividend yield
3.07%
Growth
Revenue change (TTM)
6.12%
Earnings per share change (TTM)
12.43%
3-year revenue growth (CAGR)
4.61%
3-year earnings per share growth (CAGR)
6.83%
10-year earnings per share growth (CAGR)
13.88%
3-year dividend per share growth (CAGR)
6.27%
10-year dividend per share growth (CAGR)
13.67%
Bulls say / Bears say
Independent Bank Corp. reported Q2 2026 EPS of $0.90, beating consensus by $0.06 on revenue of $63.24 million, driven by margin expansion and solid underlying performance (Investing.com).
Total loans grew 9.8% annualized in Q2, with commercial lending up 16.4% annualized, while maintaining asset quality—NPAs/Assets at 0.59% and net charge‐offs at 0.01%—underscoring robust loan growth without credit stress (SEC).
The bank delivered a ROAA of 1.37% and ROAE of 14.52% in Q2, with net interest margin rising to 3.71%, reflecting efficient profitability and margin management in a challenging rate environment (SEC).
The acquisition of HCB Financial Corp. introduces significant integration risk, including customer and employee retention challenges, systems conversion hurdles, and unexpected costs that could delay or dilute anticipated synergies (SEC).
Independent Bank shares trade around $36.01, with a median 12‐month price target of $37.00, implying only ~2.7% upside and suggesting limited valuation leverage at current levels (Reuters).
Provision for credit losses surged to $2.7 million in Q2 2026 from $0.4 million in Q1, signaling rising credit reserve needs and potential stress in the loan portfolio (SEC).
Data summarised monthly by Lightyear AI. Last updated on 31 Aug 2026.
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IBCP News
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Funds containing IBCP
AllEURGBPUSD
Fund name | Fund size | $IBCP weighting |
|---|---|---|
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.06% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.06% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.03% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
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