IBCP Stock Overview
Operates as the bank holding company for Independent Bank that provides banking services in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for IBCP from our risk checks.
Community vs My Fair Value
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Independent Bank Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$28.21 |
| 52 Week High | US$40.32 |
| 52 Week Low | US$22.53 |
| Beta | 0.83 |
| 1 Month Change | -10.81% |
| 3 Month Change | -15.89% |
| 1 Year Change | 14.77% |
| 3 Year Change | 32.38% |
| 5 Year Change | 101.50% |
| Change since IPO | 131.31% |
Recent News & Updates
Recent updates
Independent Bank: A Solid Bank But Not Cheap Enough
Jan 29Independent Bank's (NASDAQ:IBCP) Dividend Will Be Increased To $0.26
Jan 17
Independent Bank: Fairly Valued With A Stable Earnings Outlook
Oct 29Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24
Oct 26
Volatile Loan Growth And Unsustainable Interest Margin Expansion Threaten Bank's Profitability
Sep 24 Reliance on net interest margin expansion in fluctuating interest rate situations may threaten future profitability and net interest income.Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24
Apr 26Independent Bank: Earnings Outlook Is Positive But I'm Downgrading To Hold
Feb 29Independent Bank's (NASDAQ:IBCP) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 29Independent Bank (NASDAQ:IBCP) Is Increasing Its Dividend To $0.23
Feb 10Independent Bank declares $0.22 dividend
Oct 18Independent Bank GAAP EPS of $0.61 beats by $0.06, revenue of $50.69M
Jul 26Independent Bank declares $0.22 dividend
Jul 19Independent Bank: Attractively Valued But Earnings Likely To Dip
Jun 22Analyst Forecasts For Independent Bank Corporation (NASDAQ:IBCP) Are Surging Higher
Apr 30Independent Bank: Track Record Of 5 Year 20%+ EPS Growth
Feb 14Independent Bank (NASDAQ:IBCP) Is Increasing Its Dividend To US$0.22
Jan 28Independent Bank (NASDAQ:IBCP) Has Announced A Dividend Of US$0.21
Oct 23Independent Bank: Not Quite Firing On All Cylinders
Aug 10Independent Bank (NASDAQ:IBCP) Has Announced A Dividend Of US$0.21
Jul 30Independent Bank: Attractively Priced With A Positive Earnings Outlook
May 30Shareholder Returns
| IBCP | US Banks | US Market | |
|---|---|---|---|
| 7D | -8.4% | -12.9% | -10.1% |
| 1Y | 14.8% | 0.6% | -3.8% |
Return vs Industry: IBCP exceeded the US Banks industry which returned 0.2% over the past year.
Return vs Market: IBCP exceeded the US Market which returned -3.4% over the past year.
Price Volatility
| IBCP volatility | |
|---|---|
| IBCP Average Weekly Movement | 4.1% |
| Banks Industry Average Movement | 4.3% |
| Market Average Movement | 7.0% |
| 10% most volatile stocks in US Market | 16.5% |
| 10% least volatile stocks in US Market | 3.7% |
Stable Share Price: IBCP has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: IBCP's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1864 | 783 | Brad Kessel | www.independentbank.com |
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services.
Independent Bank Corporation Fundamentals Summary
| IBCP fundamental statistics | |
|---|---|
| Market cap | US$588.92m |
| Earnings (TTM) | US$66.79m |
| Revenue (TTM) | US$218.14m |
8.9x
P/E Ratio1.3x
P/B RatioIs IBCP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IBCP income statement (TTM) | |
|---|---|
| Revenue | US$218.14m |
| Cost of Revenue | US$0 |
| Gross Profit | US$218.14m |
| Other Expenses | US$151.35m |
| Earnings | US$66.79m |
Last Reported Earnings
Dec 31, 2024
Next Earnings Date
Apr 24, 2025
| Earnings per share (EPS) | 3.18 |
| Gross Margin | 100.00% |
| Net Profit Margin | 30.62% |
| Debt/Equity Ratio | 31.5% |
How did IBCP perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield30%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/07 13:57 |
| End of Day Share Price | 2025/04/07 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Independent Bank Corporation is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Beury | Boenning & Scattergood, Inc. |
| Peter Winter | D.A. Davidson & Co. |
| null null | D.A. Davidson & Co. |