Independent Bank Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:IBCP Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
29 Apr 25	SellUS$198,527	Michael Magee	Individual	6,404	US$31.02
03 Dec 24	BuyUS$10,433	Patrick Ervin	Individual	275	US$37.94
25 Nov 24	SellUS$150,767	Larry Daniel	Individual	3,851	US$39.15
20 Nov 24	BuyUS$29,369	Gavin Mohr	Individual	800	US$36.71
12 Sep 24	SellUS$45,993	Christina Keller	Individual	1,400	US$32.94
03 Sep 24	SellUS$34,223	Stefanie Kimball	Individual	1,000	US$34.31
02 Aug 24	SellUS$32,763	Christina Keller	Individual	1,000	US$32.81
14 Jun 24	SellUS$56,688	Christina Keller	Individual	2,400	US$23.62
29 May 24	SellUS$41,629	Stefanie Kimball	Individual	1,700	US$24.50

Insider Trading Volume

Insider Buying: IBCP insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of IBCP?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	502,868	2.43%
General Public	2,866,070	13.8%
Institutions	17,352,002	83.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 66.3% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.9%	BlackRock, Inc.	3,089,119	US$98.2m	7.9%	no data
6.44%	The Vanguard Group, Inc.	1,335,049	US$42.5m	9.55%	no data
5.14%	FMR LLC	1,064,130	US$33.8m	1.75%	no data
4.4%	Dimensional Fund Advisors LP	910,762	US$29.0m	-3.72%	no data
3.3%	FJ Capital Management, LLC	683,156	US$21.7m	1.89%	2.21%
3.24%	State Street Global Advisors, Inc.	671,160	US$21.3m	-0.63%	no data
2.93%	Renaissance Technologies LLC	608,000	US$19.3m	7.48%	0.03%
2.74%	American Century Investment Management Inc	567,685	US$18.1m	8.42%	0.01%
2.54%	Geode Capital Management, LLC	525,621	US$16.7m	5.88%	no data
2.42%	Acadian Asset Management LLC	501,143	US$15.9m	0%	0.04%
2.22%	LSV Asset Management	460,026	US$14.6m	9.75%	0.03%
1.95%	Manulife Asset Management	404,245	US$12.9m	0.08%	0.01%
1.67%	JP Morgan Asset Management	346,091	US$11.0m	0.22%	no data
1.57%	Principal Global Investors, LLC	326,145	US$10.4m	-3.26%	0.01%
1.54%	PL Capital Advisors, LLC	318,985	US$10.1m	0%	3.6%
1.48%	Allspring Global Investments, LLC	306,059	US$9.7m	-4.21%	0.01%
1.24%	Peregrine Capital Management, LLC	256,506	US$8.2m	-1.66%	0.22%
1.1%	ProShare Advisors LLC	228,141	US$7.3m	9.75%	0.02%
1.03%	Northern Trust Global Investments	213,909	US$6.8m	-2.29%	no data
0.81%	Charles Schwab Investment Management, Inc.	168,084	US$5.3m	-2.47%	no data
0.81%	Goldman Sachs Group, Investment Banking and Securities Investments	167,689	US$5.3m	10.9%	no data
0.8%	BNY Asset Management	164,763	US$5.2m	-1.42%	no data
0.77%	William Kessel	159,073	US$5.1m	6%	no data
0.63%	Goldman Sachs Asset Management, L.P.	131,297	US$4.2m	-2.68%	no data
0.63%	Millennium Management LLC	130,953	US$4.2m	470%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/22 21:32
End of Day Share Price	2025/05/22 00:00
Earnings	2025/03/31
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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.