IBCP
Independent Bank Corporation
$33.90
-0.13
(-0.38%)
Mkt Cap
698.55M
Volume
78,429
52W Range
29.63-37.39
Sector
Financial Services
Beta
0.70
EPS (TTM)
3.38
P/E Ratio
10.03
Revenue (TTM)
309.72M
Rev Growth (5Y)
+8.0%
EPS Growth (5Y)
+5.2%
AlphaVal · Fair Value
$54.98
Undervalued · Moderate
38.3% below fair value
AlphaQuality · Grade
B-
Banks, Insurers & Asset Managers
66.1 / 100 composite
Company Description
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 315.38M | 316.33M | 283.83M | 224.23M | 207.12M | 214.19M | 190.76M | 170.88M | 138.06M | 124.16M | 114.43M | 111.70M |
| Net Income | 68.54M | 66.79M | 59.07M | 63.35M | 62.90M | 56.15M | 46.44M | 39.84M | 20.48M | 22.77M | 20.02M | 18.02M |
| EPS | 3.30 | 3.20 | 2.82 | 3.00 | 2.91 | 2.56 | 2.03 | 1.70 | 0.96 | 1.06 | 0.88 | 0.79 |
| Free Cash Flow | 70.17M | 55.20M | 69.56M | 88.95M | 104.32M | 54.30M | 29.56M | 41.06M | 34.37M | 20.25M | N/A | N/A |
| FCF / Share | 3.39 | 2.64 | 3.32 | 4.21 | 4.83 | 2.48 | 1.29 | 1.75 | 1.61 | 0.94 | N/A | N/A |
| Operating CF | 76.66M | 63.15M | 75.59M | 94.63M | 110.15M | 58.68M | 34.49M | 44.92M | 38.61M | 23.70M | N/A | N/A |
| Total Assets | 5.51B | 5.34B | 5.26B | 5.00B | 4.70B | 4.20B | 3.56B | 3.35B | 2.79B | 2.55B | N/A | N/A |
| Total Debt | 116.87M | 124.39M | 129.26M | 226.10M | 108.96M | 108.82M | 128.10M | 65.09M | 90.17M | 45.00M | N/A | N/A |
| Cash & Equiv | 138.39M | 119.88M | 169.78M | 74.37M | 109.47M | 118.70M | 65.65M | 70.84M | 57.48M | 88.78M | N/A | N/A |
| Book Value | 502.95M | 454.69M | 404.45M | 347.60M | 398.48M | 389.52M | 350.17M | 338.99M | 264.93M | 248.98M | N/A | N/A |
| Return on Equity | 0.14 | 0.15 | 0.15 | 0.18 | 0.16 | 0.14 | 0.13 | 0.12 | 0.08 | 0.09 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 74.62M | 79.38M | 79.39M | 76.33M | 74.73M | 84.53M | 76.04M | 79.75M | 76.15M | 72.89M | 76.40M | 71.57M |
| Net Income | 16.88M | 18.57M | 17.50M | 16.88M | 15.59M | 18.46M | 13.81M | 18.53M | 15.99M | 13.74M | 17.54M | 14.79M |
| EPS | 0.82 | 0.90 | 0.85 | 0.81 | 0.74 | 0.88 | 0.66 | 0.89 | 0.77 | 0.66 | 0.84 | 0.70 |
| Free Cash Flow | (13.77M) | 6.36M | 16.54M | 16.69M | 30.58M | 12.36M | 15.71M | 6.97M | 20.16M | 15.29M | 24.27M | 7.95M |
| FCF / Share | -0.67 | 0.31 | 0.80 | 0.80 | 1.46 | 0.59 | 0.75 | 0.33 | 0.97 | 0.73 | 1.16 | 0.38 |
| Operating CF | (9.16M) | 7.79M | 18.20M | 18.97M | 31.70M | 16.37M | 17.20M | 8.75M | 20.83M | 16.80M | 25.71M | 9.69M |
| Total Assets | 5.56B | 5.51B | 5.49B | 5.42B | 5.33B | 5.34B | 5.26B | 5.28B | 5.23B | 5.26B | 5.20B | 5.14B |
| Total Debt | 74.11M | 116.87M | 41.85M | 181.46M | 124.43M | 124.39M | 79.35M | 129.32M | 129.25M | 129.26M | 129.22M | 169.18M |
| Cash & Equiv | 48.48M | 138.39M | 208.69M | 146.16M | 128.15M | 119.88M | 121.56M | 214.35M | 161.84M | 169.78M | 127.46M | 129.19M |
| Book Value | 510.55M | 502.95M | 490.74M | 469.25M | 467.28M | 454.69M | 452.37M | 430.46M | 415.57M | 404.45M | 375.00M | 375.16M |
| Return on Equity | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.04 | 0.04 | 0.03 | 0.05 | 0.04 |
IBCP News
Independent Bank (IBCP) Could Be a Great Choice
URGENT: The M&A Class Action Firm Launches Legal Inquiry for the Merger—LSTA, IBCP, HCBN, and SILA
Are You Looking for a High-Growth Dividend Stock?
Independent Bank Shareholders Reelect Directors, Approve Pay Votes, Hear 2025 Earnings Update at AGM
Independent Bank Corporation (IBCP) Q1 2026 Earnings Call Transcript
Compared to Estimates, Independent Bank (IBCP) Q1 Earnings: A Look at Key Metrics
Independent Bank (IBCP) Beats Q1 Earnings and Revenue Estimates
Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock
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Comparing Independent Bank (NASDAQ:IBCP) & United Bancorp (NASDAQ:UBCP)