Independent Bank Corp./$IBCP
1D1W1M3M6MYTD1Y5YMAX
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
$808M
10.76
$3.40
0.73
$1.10
3.06%
Price and volume
Market cap
$808M
Beta
0.73
52-week high
$39.24
52-week low
$29.83
Average daily volume
204K
Dividend rate
$1.10
Financial strength
Profitability
Net profit margin (TTM)
29.83%
Operating margin (TTM)
38.87%
Effective tax rate (TTM)
14.92%
Revenue per employee (TTM)
$310,000
Management effectiveness
Return on assets (TTM)
1.23%
Return on equity (TTM)
13.50%
Valuation
Price to earnings (TTM)
10.757
Price to revenue (TTM)
3.17
Price to book
1.4
Price to tangible book (TTM)
1.58
Dividend yield (TTM)
3.01%
Forward dividend yield
3.06%
Growth
Revenue change (TTM)
8.44%
Earnings per share change (TTM)
4.60%
3-year revenue growth (CAGR)
6.23%
3-year earnings per share growth (CAGR)
6.18%
10-year earnings per share growth (CAGR)
12.79%
3-year dividend per share growth (CAGR)
6.52%
10-year dividend per share growth (CAGR)
13.14%
What the Analysts think about IBCP
Analyst ratings (Buy, Hold, Sell) for Independent Bank Corp. stock.
Analyst projections of the future price of Independent Bank Corp. stock.
Bulls say / Bears say
Earnings momentum improved in Q2: diluted EPS rose to $0.90 from $0.81 a year earlier, while net interest margin increased to 3.71% from 3.58%. That points to stronger returns from the bank’s core lending business. (Independent Bank Corporation)
Loans grew by $105.8 million, or 9.8% annualised, in Q2, while deposits excluding brokered time deposits rose by $38.2 million, or 3.2% annualised. The bank said its new commercial lending was focused on customers who also bring deposits, supporting growth in both sides of the balance sheet. (Independent Bank Corporation, Independent Bank Corporation)
The July acquisition of HCB Financial expands IBCP’s reach in Michigan and adds complementary markets. Management said the combination should strengthen the bank’s ability to serve local customers over the long term. (Independent Bank Corporation)
Non-performing loans rose to 0.74% of portfolio loans in Q2, up from 0.20% a year earlier, with most of the increase tied to a $28.18 million commercial development exposure. The provision for credit losses also increased to $2.72 million from $1.50 million year on year. (Independent Bank Corporation)
Commercial real estate balances fell 1.8% in Q2 as elevated payoffs and amortisation outweighed new activity. Management also described competition in the CRE market as increasingly aggressive, which may make profitable loan growth harder to sustain. (The Motley Fool)
Integrating HCB creates execution risk: IBCP’s Q2 filing warns that the process could disrupt operations, divert management attention and fail to deliver expected benefits on schedule. Systems conversion and customer or employee retention are among the specific challenges cited. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 25 Oct 2026.
IBCP Financial Performance
Revenues and expenses
IBCP Earnings Performance
Company profitability
Upcoming events
IBCP News
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Funds containing IBCP
Fund name | Fund size | $IBCP weighting |
|---|---|---|
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | $3.2B | 0.06% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | $3.2B | 0.06% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.03% |
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.03% |
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.02% |
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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