Financial Services - Banks - Regional - NASDAQ - US
$ 37.74
-0.475 %
$ 789 M
Market Cap
12.84
P/E
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.[ Read More ]
The intrinsic value of one IBCP stock under the base case scenario is HIDDEN Compared to the current market price of 37.7 USD, Independent Bank Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart IBCP
FINANCIALS
201 M
REVENUE
91.5 M
OPERATING INCOME
59.1 M
NET INCOME
53.6 M
OPERATING CASH FLOW
-163 M
INVESTING CASH FLOW
183 M
FINANCING CASH FLOW
49.6 M
REVENUE
0
OPERATING INCOME
13.8 M
NET INCOME
17.2 M
OPERATING CASH FLOW
-67.5 M
INVESTING CASH FLOW
-42.5 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Independent Bank Corporation
| Current Assets | 189 M |
| Cash & Short-Term Investments | 169 M |
| Receivables | 0 |
| Other Current Assets | 19.9 M |
| Non-Current Assets | 5.09 B |
| Long-Term Investments | 169 M |
| PP&E | 40.4 M |
| Other Non-Current Assets | 4.88 B |
| Current Liabilities | 2.7 B |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 2.7 B |
| Non-Current Liabilities | 2.18 B |
| Long-Term Debt | 129 M |
| Other Non-Current Liabilities | 2.05 B |
EFFICIENCY
Earnings Waterfall
Independent Bank Corporation
| Revenue | 201 M |
| Cost Of Revenue | -93.8 M |
| Gross Profit | 295 M |
| Operating Expenses | 109 M |
| Operating Income | 91.5 M |
| Other Expenses | 32.5 M |
| Net Income | 59.1 M |
RATIOS
146.69%
GROSS MARGIN
45.58%
OPERATING MARGIN
29.42%
NET MARGIN
14.60%
ROE
1.12%
ROA
13.75%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Independent Bank Corporation
| Net Income | 59.1 M |
| Depreciation & Amortization | 5.75 M |
| Capital Expenditures | -6.02 M |
| Stock-Based Compensation | 2.23 M |
| Change in Working Capital | -18.2 M |
| Others | 22.9 M |
| Free Cash Flow | 47.5 M |
Wall Street Analysts Price Targets
Independent Bank Corporation
Wall Street analysts predict an average 1-year price target for IBCP of $36.2 , with forecasts ranging from a low of $34 to a high of $37.5 .
IBCP Lowest Price Target
Wall Street Target
34 USD
-9.91%
IBCP Average Price Target
Wall Street Target
36.2 USD
-4.17%
IBCP Highest Price Target
Wall Street Target
37.5 USD
-0.64%
4. DIVIDEND ANALYSIS
0.72%
DIVIDEND YIELD
0.24 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Independent Bank Corporation
Sold
0-3 MONTHS
80.2 K USD 2
3-6 MONTHS
131 K USD 2
6-9 MONTHS
37.5 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Sep 12, 2024
|
Sell 3.28 K USD
|
Keller Christina
Director |
- 100
|
32.79 USD |
|
2 months ago
Sep 12, 2024
|
Sell 3.28 K USD
|
Keller Christina
Director |
- 100
|
32.795 USD |
|
2 months ago
Sep 12, 2024
|
Sell 5.77 K USD
|
Keller Christina
Director |
- 176
|
32.81 USD |
|
2 months ago
Sep 12, 2024
|
Sell 3.28 K USD
|
Keller Christina
Director |
- 100
|
32.815 USD |
|
2 months ago
Sep 12, 2024
|
Sell 3.28 K USD
|
Keller Christina
Director |
- 100
|
32.825 USD |
|
2 months ago
Sep 12, 2024
|
Sell 3.87 K USD
|
Keller Christina
Director |
- 118
|
32.83 USD |
|
2 months ago
Sep 12, 2024
|
Sell 197 USD
|
Keller Christina
Director |
- 6
|
32.84 USD |
|
2 months ago
Sep 12, 2024
|
Sell 3.28 K USD
|
Keller Christina
Director |
- 100
|
32.845 USD |
|
2 months ago
Sep 12, 2024
|
Sell 3.29 K USD
|
Keller Christina
Director |
- 100
|
32.86 USD |
|
2 months ago
Sep 12, 2024
|
Sell 3.29 K USD
|
Keller Christina
Director |
- 100
|
32.89 USD |
|
2 months ago
Sep 12, 2024
|
Sell 6.58 K USD
|
Keller Christina
Director |
- 200
|
32.9 USD |
|
2 months ago
Sep 12, 2024
|
Sell 2.76 K USD
|
Keller Christina
Director |
- 84
|
32.91 USD |
|
2 months ago
Sep 12, 2024
|
Sell 329 USD
|
Keller Christina
Director |
- 10
|
32.92 USD |
|
2 months ago
Sep 12, 2024
|
Sell 3.49 K USD
|
Keller Christina
Director |
- 106
|
32.94 USD |
|
2 months ago
Sep 03, 2024
|
Sell 33 K USD
|
Kimball Stefanie M
Executive Vice President |
- 965
|
34.22 USD |
|
2 months ago
Sep 03, 2024
|
Sell 1.2 K USD
|
Kimball Stefanie M
Executive Vice President |
- 35
|
34.305 USD |
|
3 months ago
Aug 02, 2024
|
Sell 6.56 K USD
|
Keller Christina
Director |
- 200
|
32.805 USD |
|
3 months ago
Aug 02, 2024
|
Sell 229 USD
|
Keller Christina
Director |
- 7
|
32.78 USD |
|
3 months ago
Aug 02, 2024
|
Sell 6.06 K USD
|
Keller Christina
Director |
- 185
|
32.77 USD |
|
3 months ago
Aug 02, 2024
|
Sell 10.5 K USD
|
Keller Christina
Director |
- 321
|
32.76 USD |
|
3 months ago
Aug 02, 2024
|
Sell 6.55 K USD
|
Keller Christina
Director |
- 200
|
32.74 USD |
|
3 months ago
Aug 02, 2024
|
Sell 2.85 K USD
|
Keller Christina
Director |
- 87
|
32.71 USD |
|
5 months ago
Jun 14, 2024
|
Sell 56.7 K USD
|
Keller Christina
Director |
- 2400
|
23.6201 USD |
|
5 months ago
May 29, 2024
|
Sell 32.1 K USD
|
Kimball Stefanie M
Executive Vice President |
- 1310
|
24.49 USD |
|
5 months ago
May 29, 2024
|
Sell 4.89 K USD
|
Kimball Stefanie M
Executive Vice President |
- 200
|
24.47 USD |
|
5 months ago
May 29, 2024
|
Sell 2.45 K USD
|
Kimball Stefanie M
Executive Vice President |
- 100
|
24.5 USD |
|
5 months ago
May 29, 2024
|
Sell 2.2 K USD
|
Kimball Stefanie M
Executive Vice President |
- 90
|
24.48 USD |
|
6 months ago
Apr 29, 2024
|
Sell 37.5 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 1500
|
25 USD |
|
1 year ago
Jul 31, 2023
|
Sell 2.04 K USD
|
Kimball Stefanie M
Executive Vice President |
- 99
|
20.56 USD |
|
1 year ago
Jul 31, 2023
|
Sell 410 USD
|
Kimball Stefanie M
Executive Vice President |
- 20
|
20.521 USD |
|
1 year ago
Jul 31, 2023
|
Sell 619 USD
|
Kimball Stefanie M
Executive Vice President |
- 30
|
20.62 USD |
|
1 year ago
Jul 31, 2023
|
Sell 702 USD
|
Kimball Stefanie M
Executive Vice President |
- 34
|
20.65 USD |
|
1 year ago
Jul 31, 2023
|
Sell 474 USD
|
Kimball Stefanie M
Executive Vice President |
- 23
|
20.624 USD |
|
1 year ago
Jul 31, 2023
|
Sell 248 USD
|
Kimball Stefanie M
Executive Vice President |
- 12
|
20.66 USD |
|
1 year ago
Jul 31, 2023
|
Sell 307 USD
|
Kimball Stefanie M
Executive Vice President |
- 15
|
20.46 USD |
|
1 year ago
Jul 31, 2023
|
Sell 81.9 USD
|
Kimball Stefanie M
Executive Vice President |
- 4
|
20.48 USD |
|
1 year ago
Jul 31, 2023
|
Sell 245 USD
|
Kimball Stefanie M
Executive Vice President |
- 12
|
20.45 USD |
|
1 year ago
Jul 31, 2023
|
Sell 19.2 K USD
|
Kimball Stefanie M
Executive Vice President |
- 941
|
20.43 USD |
|
1 year ago
Jul 31, 2023
|
Sell 1.19 K USD
|
Kimball Stefanie M
Executive Vice President |
- 58
|
20.53 USD |
|
1 year ago
Jul 31, 2023
|
Sell 635 USD
|
Kimball Stefanie M
Executive Vice President |
- 31
|
20.47 USD |
|
1 year ago
Jul 31, 2023
|
Sell 308 USD
|
Kimball Stefanie M
Executive Vice President |
- 15
|
20.546 USD |
|
1 year ago
Jul 31, 2023
|
Sell 411 USD
|
Kimball Stefanie M
Executive Vice President |
- 20
|
20.544 USD |
|
1 year ago
Jul 31, 2023
|
Sell 370 USD
|
Kimball Stefanie M
Executive Vice President |
- 18
|
20.545 USD |
|
1 year ago
Jul 31, 2023
|
Sell 349 USD
|
Kimball Stefanie M
Executive Vice President |
- 17
|
20.539 USD |
|
1 year ago
Jul 31, 2023
|
Sell 308 USD
|
Kimball Stefanie M
Executive Vice President |
- 15
|
20.541 USD |
|
1 year ago
Jul 31, 2023
|
Sell 534 USD
|
Kimball Stefanie M
Executive Vice President |
- 26
|
20.557 USD |
|
1 year ago
Jul 31, 2023
|
Sell 679 USD
|
Kimball Stefanie M
Executive Vice President |
- 33
|
20.576 USD |
|
1 year ago
Jul 31, 2023
|
Sell 370 USD
|
Kimball Stefanie M
Executive Vice President |
- 18
|
20.554 USD |
|
1 year ago
Jul 31, 2023
|
Sell 761 USD
|
Kimball Stefanie M
Executive Vice President |
- 37
|
20.58 USD |
|
1 year ago
Jul 31, 2023
|
Sell 473 USD
|
Kimball Stefanie M
Executive Vice President |
- 23
|
20.576 USD |
|
1 year ago
Jul 31, 2023
|
Sell 494 USD
|
Kimball Stefanie M
Executive Vice President |
- 24
|
20.582 USD |
|
1 year ago
Jul 31, 2023
|
Sell 535 USD
|
Kimball Stefanie M
Executive Vice President |
- 26
|
20.566 USD |
|
1 year ago
Jul 31, 2023
|
Sell 555 USD
|
Kimball Stefanie M
Executive Vice President |
- 27
|
20.57 USD |
|
1 year ago
Jul 31, 2023
|
Sell 391 USD
|
Kimball Stefanie M
Executive Vice President |
- 19
|
20.59 USD |
|
1 year ago
Jul 31, 2023
|
Sell 473 USD
|
Kimball Stefanie M
Executive Vice President |
- 23
|
20.581 USD |
|
1 year ago
Jul 31, 2023
|
Sell 431 USD
|
Kimball Stefanie M
Executive Vice President |
- 21
|
20.547 USD |
|
1 year ago
Jul 31, 2023
|
Sell 452 USD
|
Kimball Stefanie M
Executive Vice President |
- 22
|
20.54 USD |
|
1 year ago
Jul 31, 2023
|
Sell 923 USD
|
Kimball Stefanie M
Executive Vice President |
- 45
|
20.52 USD |
|
1 year ago
Jul 31, 2023
|
Sell 369 USD
|
Kimball Stefanie M
Executive Vice President |
- 18
|
20.51 USD |
|
1 year ago
Jul 31, 2023
|
Sell 924 USD
|
Kimball Stefanie M
Executive Vice President |
- 45
|
20.525 USD |
|
1 year ago
Jul 31, 2023
|
Sell 1.85 K USD
|
Kimball Stefanie M
Executive Vice President |
- 90
|
20.54 USD |
|
1 year ago
Jul 31, 2023
|
Sell 2.86 K USD
|
Kimball Stefanie M
Executive Vice President |
- 139
|
20.55 USD |
|
1 year ago
May 04, 2023
|
Bought 15.6 K USD
|
Archer Dennis W. Jr
Director |
+ 1000
|
15.576 USD |
|
1 year ago
Mar 15, 2023
|
Bought 26.7 K USD
|
Archer Dennis W. Jr
Director |
+ 1500
|
17.806 USD |
|
1 year ago
Mar 13, 2023
|
Bought 28.7 K USD
|
Archer Dennis W. Jr
Director |
+ 1500
|
19.156 USD |
|
1 year ago
Nov 28, 2022
|
Bought 24.1 K USD
|
Archer Dennis W. Jr
Director |
+ 1000
|
24.144 USD |
|
2 years ago
Aug 04, 2022
|
Bought 20.4 K USD
|
Archer Dennis W. Jr
Director |
+ 1000
|
20.386 USD |
|
1 year ago
May 10, 2023
|
Bought 28.6 K USD
|
Beia Terance L
Director |
+ 1831
|
15.62 USD |
|
1 year ago
May 03, 2023
|
Bought 36.5 K USD
|
Mohr Gavin A.
Executive Vice President |
+ 2200
|
16.6 USD |
|
1 year ago
Mar 16, 2023
|
Bought 12.5 K USD
|
Keller Christina
Director |
+ 660
|
18.9443 USD |
|
1 year ago
Feb 28, 2023
|
Sell 2.98 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 134
|
22.27 USD |
|
1 year ago
Feb 28, 2023
|
Sell 7.05 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 316
|
22.3 USD |
|
1 year ago
Feb 28, 2023
|
Sell 5.87 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 263
|
22.31 USD |
|
1 year ago
Feb 28, 2023
|
Sell 28.7 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 1287
|
22.32 USD |
|
1 year ago
Jan 30, 2023
|
Bought 34.7 K USD
|
Mohr Gavin A.
Executive Vice President |
+ 1600
|
21.68 USD |
|
2 years ago
Aug 22, 2022
|
Bought 1.79 K USD
|
Mohr Gavin A.
Executive Vice President |
+ 84
|
21.29 USD |
|
2 years ago
Jul 28, 2022
|
Sell 23.8 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 1166
|
20.45 USD |
|
2 years ago
Jul 28, 2022
|
Sell 1.23 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 60
|
20.46 USD |
|
2 years ago
Jul 28, 2022
|
Sell 1.86 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 91
|
20.48 USD |
|
2 years ago
Jul 28, 2022
|
Sell 20.5 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 1000
|
20.49 USD |
|
2 years ago
Jul 28, 2022
|
Sell 3.75 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 183
|
20.5 USD |
|
2 years ago
May 17, 2022
|
Sell 14.3 K USD
|
Kimball Stefanie M
Executive Vice President |
- 736
|
19.38 USD |
|
2 years ago
May 17, 2022
|
Sell 1.94 K USD
|
Kimball Stefanie M
Executive Vice President |
- 100
|
19.385 USD |
|
2 years ago
May 17, 2022
|
Sell 1.94 K USD
|
Kimball Stefanie M
Executive Vice President |
- 100
|
19.39 USD |
|
2 years ago
May 17, 2022
|
Sell 2.42 K USD
|
Kimball Stefanie M
Executive Vice President |
- 125
|
19.4 USD |
|
2 years ago
May 17, 2022
|
Sell 2.54 K USD
|
Kimball Stefanie M
Executive Vice President |
- 131
|
19.42 USD |
|
2 years ago
May 17, 2022
|
Sell 6.59 K USD
|
Kimball Stefanie M
Executive Vice President |
- 339
|
19.435 USD |
|
2 years ago
May 17, 2022
|
Sell 506 USD
|
Kimball Stefanie M
Executive Vice President |
- 26
|
19.445 USD |
|
2 years ago
May 17, 2022
|
Sell 1.01 K USD
|
Kimball Stefanie M
Executive Vice President |
- 52
|
19.45 USD |
|
2 years ago
May 17, 2022
|
Sell 1.97 K USD
|
Kimball Stefanie M
Executive Vice President |
- 101
|
19.46 USD |
|
2 years ago
May 17, 2022
|
Sell 487 USD
|
Kimball Stefanie M
Executive Vice President |
- 25
|
19.47 USD |
|
2 years ago
May 17, 2022
|
Sell 1.19 K USD
|
Kimball Stefanie M
Executive Vice President |
- 61
|
19.48 USD |
|
2 years ago
May 17, 2022
|
Sell 2.49 K USD
|
Kimball Stefanie M
Executive Vice President |
- 128
|
19.49 USD |
|
2 years ago
May 17, 2022
|
Sell 1.95 K USD
|
Kimball Stefanie M
Executive Vice President |
- 100
|
19.5 USD |
|
2 years ago
May 17, 2022
|
Sell 2.34 K USD
|
Kimball Stefanie M
Executive Vice President |
- 120
|
19.52 USD |
|
2 years ago
May 17, 2022
|
Sell 1.86 K USD
|
Kimball Stefanie M
Executive Vice President |
- 95
|
19.53 USD |
|
2 years ago
Apr 28, 2022
|
Bought 40.3 K USD
|
Archer Dennis W. Jr
director: |
+ 2000
|
20.1636 USD |
|
3 years ago
Sep 09, 2021
|
Sell 1.07 K USD
|
Kimball Stefanie M
Executive Vice President |
- 52
|
20.65 USD |
|
3 years ago
Sep 09, 2021
|
Sell 2.11 K USD
|
Kimball Stefanie M
Executive Vice President |
- 102
|
20.64 USD |
|
3 years ago
Sep 09, 2021
|
Sell 1.11 K USD
|
Kimball Stefanie M
Executive Vice President |
- 54
|
20.63 USD |
|
3 years ago
Sep 09, 2021
|
Sell 1.01 K USD
|
Kimball Stefanie M
Executive Vice President |
- 49
|
20.62 USD |
|
3 years ago
Sep 09, 2021
|
Sell 1.13 K USD
|
Kimball Stefanie M
Executive Vice President |
- 55
|
20.61 USD |
|
3 years ago
Sep 09, 2021
|
Sell 1.5 K USD
|
Kimball Stefanie M
Executive Vice President |
- 73
|
20.6 USD |
|
3 years ago
Sep 09, 2021
|
Sell 2.7 K USD
|
Kimball Stefanie M
Executive Vice President |
- 131
|
20.59 USD |
|
3 years ago
Sep 09, 2021
|
Sell 4.57 K USD
|
Kimball Stefanie M
Executive Vice President |
- 222
|
20.58 USD |
|
3 years ago
Sep 09, 2021
|
Sell 1.27 K USD
|
Kimball Stefanie M
Executive Vice President |
- 62
|
20.56 USD |
|
3 years ago
Sep 09, 2021
|
Sell 1.29 K USD
|
Kimball Stefanie M
Executive Vice President |
- 63
|
20.53 USD |
|
3 years ago
Sep 09, 2021
|
Sell 2.11 K USD
|
Kimball Stefanie M
Executive Vice President |
- 103
|
20.52 USD |
|
3 years ago
Sep 09, 2021
|
Sell 4.04 K USD
|
Kimball Stefanie M
Executive Vice President |
- 197
|
20.51 USD |
|
3 years ago
Sep 09, 2021
|
Sell 5.51 K USD
|
Kimball Stefanie M
Executive Vice President |
- 269
|
20.5 USD |
|
3 years ago
Sep 09, 2021
|
Sell 3.99 K USD
|
Kimball Stefanie M
Executive Vice President |
- 195
|
20.48 USD |
|
3 years ago
Sep 09, 2021
|
Sell 2.44 K USD
|
Kimball Stefanie M
Executive Vice President |
- 119
|
20.47 USD |
|
3 years ago
Sep 09, 2021
|
Sell 2.37 K USD
|
Kimball Stefanie M
Executive Vice President |
- 116
|
20.46 USD |
|
3 years ago
Sep 09, 2021
|
Sell 2.88 K USD
|
Kimball Stefanie M
Executive Vice President |
- 141
|
20.45 USD |
|
3 years ago
Sep 09, 2021
|
Sell 695 USD
|
Kimball Stefanie M
Executive Vice President |
- 34
|
20.44 USD |
|
3 years ago
Sep 09, 2021
|
Sell 3.53 K USD
|
Kimball Stefanie M
Executive Vice President |
- 173
|
20.43 USD |
|
3 years ago
Sep 09, 2021
|
Sell 2.04 K USD
|
Kimball Stefanie M
Executive Vice President |
- 100
|
20.42 USD |
|
3 years ago
Aug 02, 2021
|
Bought 20.7 K USD
|
Archer Dennis W. Jr
Director |
+ 1000
|
20.6858 USD |
|
3 years ago
Jun 11, 2021
|
Bought 22.6 K USD
|
Kruse Ronia F
Director |
+ 1000
|
22.6 USD |
|
3 years ago
May 13, 2021
|
Sell 3.06 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 134
|
22.81 USD |
|
3 years ago
May 13, 2021
|
Sell 8.55 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 375
|
22.8 USD |
|
3 years ago
May 13, 2021
|
Sell 11.2 K USD
|
TWAROZYNSKI JAMES J
Senior Vice President |
- 491
|
22.79 USD |
|
3 years ago
May 13, 2021
|
Sell 16.1 K USD
|
MAGEE MICHAEL M JR
Director |
- 700
|
23.06 USD |
|
3 years ago
May 13, 2021
|
Sell 13.8 K USD
|
MAGEE MICHAEL M JR
Director |
- 600
|
23.04 USD |
|
3 years ago
May 13, 2021
|
Sell 529 USD
|
MAGEE MICHAEL M JR
Director |
- 23
|
23.02 USD |
|
3 years ago
May 13, 2021
|
Sell 1.4 K USD
|
MAGEE MICHAEL M JR
Director |
- 61
|
23.01 USD |
|
3 years ago
May 13, 2021
|
Sell 4.59 K USD
|
MAGEE MICHAEL M JR
Director |
- 200
|
22.967 USD |
|
3 years ago
May 13, 2021
|
Sell 4.59 K USD
|
MAGEE MICHAEL M JR
Director |
- 200
|
22.965 USD |
|
3 years ago
May 13, 2021
|
Sell 2.3 K USD
|
MAGEE MICHAEL M JR
Director |
- 100
|
22.956 USD |
|
3 years ago
May 13, 2021
|
Sell 2.3 K USD
|
MAGEE MICHAEL M JR
Director |
- 100
|
22.95 USD |
|
3 years ago
May 13, 2021
|
Sell 163 K USD
|
MAGEE MICHAEL M JR
Director |
- 7116
|
22.94 USD |
|
3 years ago
Feb 24, 2021
|
Bought 21.4 K USD
|
Archer Dennis W. Jr
Director |
+ 1000
|
21.383 USD |
|
3 years ago
Dec 02, 2020
|
Bought 17.7 K USD
|
Archer Dennis W. Jr
Director |
+ 1000
|
17.7072 USD |
|
3 years ago
Dec 14, 2020
|
Bought 10.3 K USD
|
Keller Christina
Director |
+ 560
|
18.32 USD |
|
3 years ago
Dec 14, 2020
|
Bought 422 USD
|
Keller Christina
Director |
+ 23
|
18.33 USD |
|
3 years ago
Dec 14, 2020
|
Bought 4.35 K USD
|
Keller Christina
Director |
+ 237
|
18.3499 USD |
|
3 years ago
Dec 10, 2020
|
Bought 15 K USD
|
Keller Christina
Director |
+ 830
|
18.098 USD |
|
4 years ago
Jun 16, 2020
|
Bought 15.1 K USD
|
Keller Christina
Director |
+ 1000
|
15.09 USD |
|
4 years ago
Jun 11, 2020
|
Bought 1.39 K USD
|
Keller Christina
Director |
+ 100
|
13.865 USD |
|
4 years ago
Jun 11, 2020
|
Bought 13.9 K USD
|
Keller Christina
Director |
+ 1000
|
13.8899 USD |
|
4 years ago
Jun 09, 2020
|
Bought 24.3 K USD
|
Keller Christina
Director |
+ 1500
|
16.17 USD |
|
4 years ago
Jun 05, 2020
|
Sell 149 USD
|
Kimball Stefanie M
Executive Vice President |
- 9
|
16.56 USD |
|
4 years ago
Jun 05, 2020
|
Sell 182 USD
|
Kimball Stefanie M
Executive Vice President |
- 11
|
16.55 USD |
|
4 years ago
Jun 05, 2020
|
Sell 8.63 K USD
|
Kimball Stefanie M
Executive Vice President |
- 522
|
16.54 USD |
|
4 years ago
Jun 05, 2020
|
Sell 1.42 K USD
|
Kimball Stefanie M
Executive Vice President |
- 86
|
16.53 USD |
|
4 years ago
Jun 05, 2020
|
Sell 82.6 USD
|
Kimball Stefanie M
Executive Vice President |
- 5
|
16.52 USD |
|
4 years ago
Jun 05, 2020
|
Sell 792 USD
|
Kimball Stefanie M
Executive Vice President |
- 48
|
16.5 USD |
|
4 years ago
Jun 05, 2020
|
Sell 693 USD
|
Kimball Stefanie M
Executive Vice President |
- 42
|
16.49 USD |
|
4 years ago
Jun 05, 2020
|
Sell 4.94 K USD
|
Kimball Stefanie M
Executive Vice President |
- 300
|
16.4825 USD |
|
4 years ago
Jun 05, 2020
|
Sell 3.39 K USD
|
Kimball Stefanie M
Executive Vice President |
- 206
|
16.48 USD |
|
4 years ago
Jun 05, 2020
|
Sell 3.3 K USD
|
Kimball Stefanie M
Executive Vice President |
- 200
|
16.475 USD |
|
4 years ago
Jun 05, 2020
|
Sell 14.3 K USD
|
Kimball Stefanie M
Executive Vice President |
- 866
|
16.47 USD |
|
4 years ago
Jun 05, 2020
|
Sell 1.46 K USD
|
Kimball Stefanie M
Executive Vice President |
- 89
|
16.46 USD |
|
4 years ago
Jun 05, 2020
|
Sell 16.5 USD
|
Kimball Stefanie M
Executive Vice President |
- 1
|
16.455 USD |
|
4 years ago
Jun 05, 2020
|
Sell 1.07 K USD
|
Kimball Stefanie M
Executive Vice President |
- 65
|
16.45 USD |
|
4 years ago
Jun 05, 2020
|
Sell 756 USD
|
Kimball Stefanie M
Executive Vice President |
- 46
|
16.44 USD |
|
4 years ago
Jun 05, 2020
|
Sell 871 USD
|
Kimball Stefanie M
Executive Vice President |
- 53
|
16.43 USD |
|
4 years ago
Jun 05, 2020
|
Sell 1.64 K USD
|
Kimball Stefanie M
Executive Vice President |
- 100
|
16.41 USD |
|
4 years ago
Jun 05, 2020
|
Sell 393 USD
|
Kimball Stefanie M
Executive Vice President |
- 24
|
16.39 USD |
|
4 years ago
Jun 05, 2020
|
Sell 868 USD
|
Kimball Stefanie M
Executive Vice President |
- 53
|
16.38 USD |
|
4 years ago
Jun 05, 2020
|
Sell 507 USD
|
Kimball Stefanie M
Executive Vice President |
- 31
|
16.37 USD |
|
4 years ago
Jun 05, 2020
|
Sell 638 USD
|
Kimball Stefanie M
Executive Vice President |
- 39
|
16.36 USD |
|
4 years ago
Jun 05, 2020
|
Sell 1.63 K USD
|
Kimball Stefanie M
Executive Vice President |
- 100
|
16.32 USD |
|
4 years ago
Jun 05, 2020
|
Sell 65.2 USD
|
Kimball Stefanie M
Executive Vice President |
- 4
|
16.31 USD |
7. News
Independent Bank: Fairly Valued With A Stable Earnings Outlook
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.
seekingalpha.com
- 2 weeks ago
Independent Bank Corporation (IBCP) Q3 2024 Earnings Call Transcript
Independent Bank Corporation (NASDAQ:IBCP ) Q3 2024 Earnings Call Transcript October 24, 2024 11:00 AM ET Company Participants Brad Kessel - President & Chief Executive Officer Joel Rahn - Executive President & Head of Commercial Banking Gavin Mohr - Executive Vice President & Chief Financial Officer Conference Call Participants Brendan Nosal - Hovde Group Peter Winter - D.A. Davidson Adam Kroll - Piper Sandler Matt Renck - KBW John Rodis - Janney Operator Hello everyone, and welcome to the Independent Bank Corporation Reports 2024 Third Quarter Results.
seekingalpha.com
- 3 weeks ago
Independent Bank (IBCP) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Independent Bank (IBCP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 3 weeks ago
Independent Bank (IBCP) Misses Q3 Earnings and Revenue Estimates
Independent Bank (IBCP) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.83 per share a year ago.
zacks.com
- 3 weeks ago
Independent Bank Corporation Reports 2024 Third Quarter Results
Third Quarter Highlights Highlights for the third quarter of 2024 include: Increases in net interest income of $0.5 million (or 4.9% annualized) from June 30, 2024; An increase in tangible book value per share of $3.69 (22.3%) over the third quarter of 2023; Net growth in core deposits of $100.1 million (or 8.9% annualized) from June 30, 2024; Net growth in loans of $90.4 million (or 9.3% annualized) from June 30, 2024; and The payment of a 24 cent per share dividend on common stock on August 15, 2024. GRAND RAPIDS, Mich.
globenewswire.com
- 3 weeks ago
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 24 cents per share. This dividend is payable on November 15, 2024 to shareholders of record on November 5, 2024.
globenewswire.com
- 3 weeks ago
Independent Bank Corporation Announces Date for Its Third Quarter 2024 Earnings Release
GRAND RAPIDS, Mich., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 third quarter results on Thursday, October 24, 2024, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company's website.
globenewswire.com
- 1 month ago
New Strong Buy Stocks for August 2nd
SVM, IBCP, TMDX, WT and YELP have been added to the Zacks Rank #1 (Strong Buy) List on August 2, 2024.
zacks.com
- 3 months ago
Best Value Stocks to Buy for August 2nd
IBCP, BTE, and SVM made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 2, 2024.
zacks.com
- 3 months ago
Independent Bank (IBCP) Surpasses Q2 Earnings and Revenue Estimates
Independent Bank (IBCP) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.70 per share a year ago.
zacks.com
- 3 months ago
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., July 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 24 cents per share. This dividend is payable on August 15, 2024 to shareholders of record on August 5, 2024.
globenewswire.com
- 3 months ago
Independent Bank (IBCP) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
zacks.com
- 3 months ago
8. Profile Summary
Independent Bank Corporation IBCP
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 789 M
Dividend Yield
0.72%
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.
Contact
4200 East Beltline, Grand Rapids, MI, 49525
https://www.independentbank.com
IPO Date
Sept. 4, 1985
Employees
741
Officers
Mr. Joel F. Rahn
Executive Vice President of Commercial Lending & Chief Lending Officer
Mr. Gavin A. Mohr
Chief Financial Officer, Executive Vice President, Treasurer & Corporate Secretary
Mr. William Bradford Kessel CPA
President, Chief Executive Officer & Director
Mr. Larry Russ Daniel Jr.
Executive Vice President of Operations & Retail Banking
Ms. Laurinda M. Neve
Senior Vice President of Human Resources
Mr. Patrick J. Ervin
Executive Vice President of Mortgage Banking
Mr. James J. Twarozynski
Senior Vice President, Chief Accounting Officer & Controller
Ms. Stefanie M. Kimball
Executive Vice President & Chief Risk Officer
Ms. Darcy J. Benjamin
Accounting Officer