Independent Bank Corporation (IBCP)

NMS – Real Time Price. Currency in USD

38.00

0.00 (0.00%)

Market open: Aug 12, 2026, 11:07 AM EDT

38.00

0.00 (0.00%)

Previous after-hours: Aug 11, 2026, 7:34 PM EDT

Stock details

Previous close: 38.03$
Day's range: 38.01 - 38.41$
52-week range: 29.83 - 39.24$
Volume: 186 841
Average volume: 213 247
Beta: 0.23
EPS (TTM): 3.48
PE ratio (TTM): 11.04
Forward P/E: 10.66
Market cap: 844 239 163
Shares outstanding: 22 199 294
Dividend yield: $2.84 (2.84%)
Next earnings date: 2026-10-27
Sector: Financials
Industry: Banks - Regional

About the company

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 an... read more

CEO: William Kessel
Country: United States
IPO Date
Employees: 826
Fiscal Year End: January - December
Website: https://www.independentbank...

Revenue Breakdown

Independent Bank / 101.37%

Eliminations / -0.15%

Other / -1.22%

News

No Data

There are no news for this stock.

Chart: IBCP

Loading Chart...

Overall Score

5.3 / 1053%

Octagon View

Strength & Weakness

Cash reserves $0.0 barely cover the upcoming debt maturities $173.9M

Total current assets $0.0 are just enough to cover Total current liabilities $0.0, indicating tight liquidity

Debt-to-equity ratio (0.3) is well below the industry average (0.1), showcasing prudent financial management

The company has no interest-bearing debt, showcasing excellent financial strength

The company generates positive free cash flow $16.7M, supporting its financial health

Financial Strength

NAME	RATIO	INDUSTRY	SCORE
Current ratio	0.18	2.82	2.0
Quick ratio	N/A	2.82	1.0
Debt to Equity	0.33	0.05	7.0
Debt to Assets	0.03	0.09	9.0
Interest coverage	N/A	N/A	10
Weighted average score			5.8

Debt to Assets

Financial

Values in USD
(B=Billions, M=Millions, K=Thousands)

Values in USD (B=Billions, M=Millions, K=Thousands)

METRIC	2022	2023	2024	2025	TTM
Total Revenue	234M	290M	320M	315M	320M
Gross Profit	N/A	N/A	N/A	N/A	N/A
Operating Income	78M	74M	83M	81M	85M
Net Income	63M	59M	67M	69M	72M
EBITDA	N/A	N/A	N/A	N/A	N/A

Current Ratio

Revenue & Net Income

Cashflow

Margin Ratios

Profitability

NAME	RATIO	INDUSTRY	SCORE
Gross margin %	N/A	48.43	1.0
Operating margin %	38.00	0.44	10
Net margin %	30.50	32.70	10
EBITDA margin %	N/A	0.00	1.0
Cash flow margin %	25.03	0.00	10
Weighted average score			6.4

Net Margin

Effectiveness

NAME	RATIO	INDUSTRY	SCORE
ROA	1.28	1.46	3.0
ROE	14.37	14.94	7.0
ROIC	11.79	0.00	7.0
ROCE	N/A	0.00	1.0
Weighted average score			4.5

Estimated EPS vs Actual EPS

Forecast

NAME	REVENUE GROWTH	EPS GROWTH	SCORE
Current quarter	20.26	10.23	8.5
Next quarter	17.44	17.28	9.0
Current year	13.9	7.15	6.5
Next year	8.96	8.74	6.0
Weighted average score			7.5

Analyst Rating

Growth

NAME	REVENUE	NET INCOME	EPS	FCF	SCORE
Q/Q	3.78	11.44	7.06	221.48	6.5
Y/Y	3.44	11.42	10.98	-1.08	4.8
3y average	10.92	2.98	11.41	10.36	6.3
5y average	8.24	4.34	6.56	46.01	6.3
Weighted average score					6.0

Revenue Growth Rate vs. Industry

Valuation

NAME	RATIO	INDUSTRY	SCORE
P/E	11.02	11.16	6.8
PEG (5yr expected)	N/A	98.42	1.0
P/S	3.45	3.37	4.4
P/B	1.60	1.53	5.6
Weighted average score			4.5

DCF Model

DCF Model Period5 years

Discount rate9%

Perpetual growth rate3%

Revenue 5 year CAGR5.97%

FCF 5 year CAGR4

Fair value47.22$

Stock price37.72$

Dividend

NAME	CURRENT	INDUSTRY	SCORE
Dividend yield	3.18	3.18	8.0
Payout ratio	30.93	30.93	5.0
5-year dividend growth rate	5.39	5.39	7.0
Years of dividend increase	11.00	11.00	8.0
Weighted average score			7.0

Fair Value

$47.22

UndervaluedStock priceOvervalued

$37.72

Economic Moat

NAME	SCALE	SCORE
Market share	None	1.0
Intangible assets	None	1.0
Switching costs	None	1.0
Network effect	None	1.0
Economies of scale	None	1.0
Weighted average score		1.0

About the company

CEO

William Kessel

Country

United States

IPO Date

Employees

826

Fiscal Year End

January - December

Website

https://www.independentbank...

NAME

RATIO

INDUSTRY

5Y TREND

SCORE

Current ratio

0.18

2.82

2.0

Quick ratio

N/A

2.82

1.0

Debt to Equity

0.33

0.05

7.0

Debt to Assets

0.03

0.09

9.0

Interest coverage

N/A

Weighted average score

5.8

METRIC

2022

2023

2024

2025

TTM

Total Revenue

234M

290M

320M

315M

320M

Gross Profit

N/A

Operating Income

78M

74M

83M

81M

85M

Net Income

63M

59M

67M

69M

72M

EBITDA

N/A

NAME

RATIO

INDUSTRY

5Y TREND

SCORE

Gross margin %

N/A

48.43

1.0

Operating margin %

38.00

0.44

Net margin %

30.50

32.70

EBITDA margin %

N/A

0.00

1.0

Cash flow margin %

25.03

0.00

Weighted average score

6.4

NAME

RATIO

INDUSTRY

5Y TREND

SCORE

ROA

1.28

1.46

3.0

ROE

14.37

14.94

7.0

ROIC

11.79

0.00

7.0

ROCE

N/A

0.00

1.0

Weighted average score

4.5

NAME

REVENUE GROWTH

EPS GROWTH

SCORE

Current quarter

20.26

10.23

8.5

Next quarter

17.44

17.28

9.0

Current year

13.9

7.15

6.5

Next year

8.96

8.74

6.0

Weighted average score

7.5

NAME

REVENUE

NET INCOME

EPS

FCF

SCORE

Q/Q

3.78

11.44

7.06

221.48

6.5

Y/Y

3.44

11.42

10.98

-1.08

4.8

3y average

10.92

2.98

11.41

10.36

6.3

5y average

8.24

4.34

6.56

46.01

6.3

Weighted average score

6.0

NAME

RATIO

INDUSTRY

5Q TREND

SCORE

P/E

11.02

11.16

6.8

PEG (5yr expected)

N/A

98.42

1.0

P/S

3.45

3.37

4.4

P/B

1.60

1.53

5.6

Weighted average score

4.5

NAME

CURRENT

INDUSTRY

SCORE

Dividend yield

3.18

8.0

Payout ratio

30.93

5.0

5-year dividend growth rate

5.39

7.0

Years of dividend increase

11.00

8.0

Weighted average score

7.0

NAME

SCALE

SCORE

Market share

None

1.0

Intangible assets

None

1.0

Switching costs

None

1.0

Network effect

None

1.0

Economies of scale

None

1.0

Weighted average score

1.0

Search stocks

Independent Bank Corporation (IBCP)

Get all premium features to the best stock analysis tool

Finranks

Company

Contact us

Follow us

Independent Bank Corporation (IBCP)

Stock details

About the company

Revenue Breakdown

News

Chart: IBCP

Overall Score

Octagon View

Strength & Weakness

Financial Strength

Debt to Assets

Financial

Current Ratio

Revenue & Net Income

Cashflow

Margin Ratios

Profitability

Net Margin

Effectiveness

Estimated EPS vs Actual EPS

Forecast

Analyst Rating

Growth

Revenue Growth Rate vs. Industry

Valuation

DCF Model

Dividend

Fair Value

$47.22

$37.72

Economic Moat

Stock details

About the company

Revenue Breakdown

News

Chart: IBCP

Overall Score

Octagon View

Strength & Weakness

Financial Strength

Debt to Assets

Financial

Current Ratio

Revenue & Net Income

Cashflow

Margin Ratios

Profitability

Net Margin

Effectiveness

Estimated EPS vs Actual EPS

Forecast

Analyst Rating

Growth

Revenue Growth Rate vs. Industry

Valuation

DCF Model

Dividend

Fair Value

$47.22

$37.72

Economic Moat