Independent Bank Corp./$IBCP
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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
Primary listing
Employees
781
Headquarters
Website
IBCP Metrics
BasicAdvanced
$787m
11.07
$3.45
0.70
$1.08
2.93%
Price and volume
Market cap
$787m
Beta
0.7
52-week high
$39.17
52-week low
$29.63
Average daily volume
219k
Dividend rate
$1.08
Financial strength
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)
11.066
Price to revenue (TTM)
3.42
Price to book
1.49
Price to tangible book (TTM)
1.58
Dividend yield (TTM)
2.83%
Forward dividend yield
2.93%
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)
6.84%
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%
IBCP News
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