Independent Bank (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 | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
IBCP Community Fair Values
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Analyst Price Targets
Independent Bank Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$36.23 |
| 52 Week High | US$39.24 |
| 52 Week Low | US$29.83 |
| Beta | 0.69 |
| 1 Month Change | -2.76% |
| 3 Month Change | 5.60% |
| 1 Year Change | 15.57% |
| 3 Year Change | 100.39% |
| 5 Year Change | 71.22% |
| Change since IPO | 197.08% |
Recent News & Updates
Recent updates
IBCP: Future Returns Will Reflect Upgrade Tailwind And Stable Earnings Profile
Analysts have lifted their price target fair value estimate for Independent Bank from $37.30 to $40.40. This change reflects updated expectations around revenue growth, profit margins and a recent upgrade to Outperform by Street research firms.IBCP: Future Returns Will Depend On Mixed Sentiment And Stable Earnings Profile
Independent Bank's latest narrative update reflects a modest shift in analyst views, with the consolidated price target adjusted by a small amount in dollar terms as analysts weigh changes in projected revenue growth, profit margins, discount rate, and future P/E assumptions, informed by recent mixed target revisions from DA Davidson and Piper Sandler. Analyst Commentary Analysts covering Independent Bank are highlighting a mix of supportive and cautious signals as reflected in the recent, offsetting price target changes.IBCP: Future Upside Will Rely On Buybacks And Stable Earnings Profile
Analysts have raised their price target on Independent Bank, with recent Street research pointing to a combined increase of $5. They attribute this change to updated assumptions on valuation multiples rather than changes in fair value, discount rate, revenue growth, profit margin, or future P/E inputs.IBCP: Fairly Valued Outlook Will Depend On Buybacks And Long Term Profitability
Analysts have nudged their price target on Independent Bank slightly higher to $37.60, citing updated assumptions around long term profitability and a modestly higher future P/E multiple, following recent $3 and $2 target increases from the Street. Analyst Commentary Recent price target moves around Independent Bank give you a window into how the Street is thinking about the risk and reward here.IBCP: Fairly Valued Outlook Will Rely On Buybacks And Modest Earnings Execution
Analysts have nudged their price target on Independent Bank slightly higher to about $37.50, citing updated assumptions for modestly positive revenue growth, a small adjustment in the discount rate, and a similar forward P/E outlook that together support a refined view of fair value. Analyst Commentary Recent research updates reflect a slightly more constructive stance on Independent Bank, with modest increases in published price targets and fine tuning of valuation inputs, including discount rate assumptions and forward P/E expectations.IBCP: Fairly Valued Outlook Will Rely On Buybacks And Earnings Consistency
Analysts recently raised their price target on Independent Bank by $2 to $37.40, citing updated assumptions on fair value, discount rate, revenue growth, margins, and forward P/E that they see reflected in recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the new US$37.40 price target as better aligned with their updated fair value work, which incorporates recent changes in revenue growth assumptions and margin expectations.Independent Bank: A Solid Bank But Not Cheap Enough
Summary Independent Bank Corporation had a stellar 2024 with a 36% price return, but 2025 looks more challenging with moderate loan growth. Deposits increased to $4.70 billion, with a reduced cost of funds, while the loan portfolio is expected to grow by 5-6% in 2025. Despite strong fundamentals and low non-performing loans, IBCP stock's current price lacks a sufficient margin of safety, trading 25% above its 10-year average Price/TBV per share. Read the full article on Seeking AlphaIndependent Bank's (NASDAQ:IBCP) Dividend Will Be Increased To $0.26
Independent Bank Corporation ( NASDAQ:IBCP ) will increase its dividend on the 14th of February to $0.26, which is 8.3...Independent Bank: Fairly Valued With A Stable Earnings Outlook
Summary Independent Bank’s efforts to boost loan growth will likely compensate for a sub-optimal operating environment in Michigan. The net interest margin could slip further because of interest rate cuts. I’ve slightly raised my earnings estimate for 2024, as most income statement line items have slightly outperformed my expectations. The December 2025 target price is close to the current market price. Further, IBCP is offering a moderate dividend yield. Read the full article on Seeking AlphaIndependent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24
Independent Bank Corporation's ( NASDAQ:IBCP ) investors are due to receive a payment of $0.24 per share on 15th of...
Volatile Loan Growth And Unsustainable Interest Margin Expansion Threaten Bank's Profitability
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
The board of Independent Bank Corporation ( NASDAQ:IBCP ) has announced that it will pay a dividend on the 13th of May...Independent Bank: Earnings Outlook Is Positive But I'm Downgrading To Hold
Summary Independent Bank Corporation management’s initiatives will likely continue to drive loan growth this year. The anticipated interest rate cuts will likely restrict the margin’s expansion in the year ahead. The December 2023 target price suggests a very small upside from the current market price. Independent Bank is offering a good dividend yield of 4.0%. Read the full article on Seeking AlphaShareholder Returns
| IBCP | US Banks | US Market | |
|---|---|---|---|
| 7D | -2.3% | -3.6% | -0.2% |
| 1Y | 15.6% | 11.3% | 11.9% |
Return vs Industry: IBCP exceeded the US Banks industry which returned 11.7% over the past year.
Return vs Market: IBCP exceeded the US Market which returned 12% over the past year.
Price Volatility
| IBCP volatility | |
|---|---|
| IBCP Average Weekly Movement | 3.0% |
| Banks Industry Average Movement | 3.0% |
| Market Average Movement | 6.8% |
| 10% most volatile stocks in US Market | 15.0% |
| 10% least volatile stocks in US Market | 2.9% |
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 (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1864 | 781 | 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$804.28m |
| Earnings (TTM) | US$71.75m |
| Revenue (TTM) | US$230.76m |
Is IBCP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IBCP income statement (TTM) | |
|---|---|
| Revenue | US$230.76m |
| Cost of Revenue | US$0 |
| Gross Profit | US$230.76m |
| Other Expenses | US$159.00m |
| Earnings | US$71.75m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.23 |
| Gross Margin | 100.00% |
| Net Profit Margin | 31.10% |
| Debt/Equity Ratio | 34.1% |
How did IBCP perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/19 14:30 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| 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 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 6 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 |
|---|---|
| null null | D.A. Davidson & Co. |
| Peter Winter | D.A. Davidson & Co. |
| Brendan Nosal | Hovde Group, LLC |