Independent Bank Corporation

NasdaqGS:IBCP Stock Report

Market Cap: US$727.1m

Independent Bank Past Earnings Performance

Past criteria checks 5/6

Independent Bank has been growing earnings at an average annual rate of 4.3%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 3.2% per year. Independent Bank's return on equity is 14.7%, and it has net margins of 30.6%.

Key information

4.3%

Earnings growth rate

5.8%

EPS growth rate

Banks Industry Growth11.2%
Revenue growth rate3.2%
Return on equity14.7%
Net Margin30.6%
Last Earnings Update31 Dec 2024

Recent past performance updates

Recent updates

Independent Bank's (NASDAQ:IBCP) Dividend Will Be Increased To $0.26

Jan 17
Independent Bank's (NASDAQ:IBCP) Dividend Will Be Increased To $0.26

Independent Bank: Fairly Valued With A Stable Earnings Outlook

Oct 29

Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24

Oct 26
Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24

Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24

Apr 26
Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24

Independent Bank: Earnings Outlook Is Positive But I'm Downgrading To Hold

Feb 29

Independent Bank's (NASDAQ:IBCP) Shareholders Will Receive A Bigger Dividend Than Last Year

Apr 29
Independent Bank's (NASDAQ:IBCP) Shareholders Will Receive A Bigger Dividend Than Last Year

Independent Bank (NASDAQ:IBCP) Is Increasing Its Dividend To $0.23

Feb 10
Independent Bank (NASDAQ:IBCP) Is Increasing Its Dividend To $0.23

Independent Bank declares $0.22 dividend

Oct 18

Independent Bank GAAP EPS of $0.61 beats by $0.06, revenue of $50.69M

Jul 26

Independent Bank declares $0.22 dividend

Jul 19

Independent Bank: Attractively Valued But Earnings Likely To Dip

Jun 22

Analyst Forecasts For Independent Bank Corporation (NASDAQ:IBCP) Are Surging Higher

Apr 30
Analyst Forecasts For Independent Bank Corporation (NASDAQ:IBCP) Are Surging Higher

Independent Bank: Track Record Of 5 Year 20%+ EPS Growth

Feb 14

Independent Bank (NASDAQ:IBCP) Is Increasing Its Dividend To US$0.22

Jan 28
Independent Bank (NASDAQ:IBCP) Is Increasing Its Dividend To US$0.22

Independent Bank (NASDAQ:IBCP) Has Announced A Dividend Of US$0.21

Oct 23
Independent Bank (NASDAQ:IBCP) Has Announced A Dividend Of US$0.21

Independent Bank: Not Quite Firing On All Cylinders

Aug 10

Independent Bank (NASDAQ:IBCP) Has Announced A Dividend Of US$0.21

Jul 30
Independent Bank (NASDAQ:IBCP) Has Announced A Dividend Of US$0.21

Independent Bank: Attractively Priced With A Positive Earnings Outlook

May 30

Independent Bank Corporation 2021 Q1 - Results - Earnings Call Presentation

Apr 27

Revenue & Expenses Breakdown

How Independent Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:IBCP Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 24218671180
30 Sep 24208621130
30 Jun 24212661120
31 Mar 24206621110
31 Dec 23201591090
30 Sep 23202601100
30 Jun 23202601110
31 Mar 23199581110
31 Dec 22206631110
30 Sep 22205611110
30 Jun 22205591130
31 Mar 22205591130
31 Dec 21208631110
30 Sep 21213671100
30 Jun 21217711100
31 Mar 21215731060
31 Dec 20192561040
30 Sep 20185531020
30 Jun 2017046970
31 Mar 2016442970
31 Dec 1916946970
30 Sep 1916242940
30 Jun 1916042930
31 Mar 1916140930
31 Dec 1815740900
30 Sep 1815232880
30 Jun 1814327850
31 Mar 1813424810
31 Dec 1713120810
30 Sep 1712725800
30 Jun 1712624800
31 Mar 1712525780
31 Dec 1612223760
30 Sep 1612122760
30 Jun 1611921760
31 Mar 1611720760
31 Dec 1511620750
30 Sep 1511518750
30 Jun 1511518750
31 Mar 1511719750
31 Dec 1411618750
30 Sep 1411519750
30 Jun 1411624760
31 Mar 1412080770

Quality Earnings: IBCP has high quality earnings.

Growing Profit Margin: IBCP's current net profit margins (30.6%) are higher than last year (29.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: IBCP's earnings have grown by 4.3% per year over the past 5 years.

Accelerating Growth: IBCP's earnings growth over the past year (13.1%) exceeds its 5-year average (4.3% per year).

Earnings vs Industry: IBCP earnings growth over the past year (13.1%) exceeded the Banks industry -9.9%.

Return on Equity

High ROE: IBCP's Return on Equity (14.7%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/23 22:46
End of Day Share Price 2025/01/23 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Independent Bank Corporation is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James BeuryBoenning & Scattergood, Inc.
null nullD.A. Davidson & Co.
Russell Elliott GuntherD.A. Davidson & Co.