IBCP Stock Overview
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan.
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for IBCP from our risk checks.
Independent Bank Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$23.58 |
| 52 Week High | US$27.39 |
| 52 Week Low | US$14.90 |
| Beta | 0.98 |
| 1 Month Change | 0.13% |
| 3 Month Change | -8.57% |
| 1 Year Change | 36.38% |
| 3 Year Change | 4.71% |
| 5 Year Change | 11.28% |
| Change since IPO | 93.35% |
Recent News & Updates
Recent updates
Independent 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 29
Independent 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 30Independent Bank Corporation 2021 Q1 - Results - Earnings Call Presentation
Apr 27Here's Why Independent Bank Corporation's (NASDAQ:IBCP) CEO Compensation Is The Least Of Shareholders' Concerns
Apr 14Is Now The Time To Put Independent Bank (NASDAQ:IBCP) On Your Watchlist?
Mar 23Shareholders Of Independent Bank (NASDAQ:IBCP) Must Be Happy With Their 69% Return
Feb 25Independent Bank (NASDAQ:IBCP) Could Be A Buy For Its Upcoming Dividend
Jan 30Independent Bank Corporation 2020 Q4 - Results - Earnings Call Presentation
Jan 29The Attractive Combination That Could Earn Independent Bank Corporation (NASDAQ:IBCP) A Place In Your Dividend Portfolio
Jan 20Independent Bank announces 2021 share repurchase plan
Dec 22Here's What Independent Bank Corporation's (NASDAQ:IBCP) Shareholder Ownership Structure Looks Like
Dec 16Independent Bank: Gradual Normalization Of Mortgage Banking Revenue Likely To Hurt Earnings
Nov 22Did Independent Bank Corporation (NASDAQ:IBCP) Insiders Sell Shares?
Nov 20
Shareholder Returns
| IBCP | US Banks | US Market | |
|---|---|---|---|
| 7D | 0.5% | -4.1% | -3.7% |
| 1Y | 36.4% | 19.9% | 20.5% |
Return vs Industry: IBCP exceeded the US Banks industry which returned 19.9% over the past year.
Return vs Market: IBCP exceeded the US Market which returned 20.5% over the past year.
Price Volatility
| IBCP volatility | |
|---|---|
| IBCP Average Weekly Movement | 4.7% |
| Banks Industry Average Movement | 4.5% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: IBCP has not had significant price volatility in the past 3 months.
Volatility Over Time: IBCP's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1864 | 787 | Brad Kessel | www.independentbank.com |
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services.
Independent Bank Corporation Fundamentals Summary
| IBCP fundamental statistics | |
|---|---|
| Market cap | US$492.95m |
| Earnings (TTM) | US$59.07m |
| Revenue (TTM) | US$200.80m |
8.3x
P/E Ratio1.2x
P/B RatioIs IBCP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IBCP income statement (TTM) | |
|---|---|
| Revenue | US$200.80m |
| Cost of Revenue | US$0 |
| Gross Profit | US$200.80m |
| Other Expenses | US$141.73m |
| Earnings | US$59.07m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
Apr 25, 2024
| Earnings per share (EPS) | 2.83 |
| Gross Margin | 100.00% |
| Net Profit Margin | 29.42% |
| Debt/Equity Ratio | 37.4% |
How did IBCP perform over the long term?
See historical performance and comparison