Financial Services -
Banks - Regional - NASDAQ - US
$ 28.21
0.463 %
$ 592 M
Market Cap
8.93
P/E
1. INTRINSIC VALUE
Balance Sheet
Independent Bank Corporation
| Current Assets | 145 M |
| Cash & Short-Term Investments | 145 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 5.19 B |
| Long-Term Investments | 899 M |
| PP&E | 37.5 M |
| Other Non-Current Assets | 4.26 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 124 M |
| Other Non-Current Liabilities | -124 M |
EFFICIENCY
Earnings Waterfall
Independent Bank Corporation
| Revenue | 216 M |
| Cost Of Revenue | 0 |
| Gross Profit | 216 M |
| Operating Expenses | 216 M |
| Operating Income | -194 M |
| Other Expenses | -260 M |
| Net Income | 66.8 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Independent Bank Corporation
| Net Income | 66.8 M |
| Depreciation & Amortization | 10 M |
| Capital Expenditures | -7.95 M |
| Stock-Based Compensation | 2.33 M |
| Change in Working Capital | -24.2 M |
| Others | 10.5 M |
| Free Cash Flow | 55.2 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
20.52%
IBCP Average Price Target
Wall Street Target
36.2 USD
28.21%
IBCP Highest Price Target
Wall Street Target
37.5 USD
32.93%
4. DIVIDEND
ANALYSIS
0.69%
DIVIDEND YIELD
0.26 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Independent Bank Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
151 K USD 1
6-9 MONTHS
113 K USD 2
9-12 MONTHS
136 K USD 3
Bought
0 USD 0
0-3 MONTHS
39.8 K USD 2
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Independent Bank Corporation Announces Date for Its First Quarter 2025 Earnings Release
GRAND RAPIDS, Mich., March 28, 2025 (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 2025 first quarter results on Thursday, April 24, 2025, 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
- 3 weeks ago
Best Value Stocks to Buy for March 13th
ENS, IBCP and MRX made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 13, 2025.
zacks.com
- 1 month ago
New Strong Buy Stocks for March 4th
OPCH, LMAT, C, FFIN and IBCP have been added to the Zacks Rank #1 (Strong Buy) List on March 4, 2025.
zacks.com
- 1 month ago
Best Income Stocks to Buy for March 4th
IBCP, FFIN and C made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 4, 2025.
zacks.com
- 1 month ago
Why Independent Bank (IBCP) is a Great Dividend Stock Right Now
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
- 1 month ago
Why Independent Bank (IBCP) is a Top Dividend Stock for Your Portfolio
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
- 2 months ago
16 Upcoming Dividend Increases
Sixteen companies are boosting their dividends, with an average increase of 8.2%, signaling financial health and stability, particularly among regional banks. My investment strategy focuses on companies with consistently rising dividends and outperforming benchmarks, aiming for long-term wealth accumulation. I use data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify companies with at least five years of dividend growth.
seekingalpha.com
- 2 months ago
Independent Bank (IBCP) Moves to Strong Buy: Rationale Behind the Upgrade
Independent Bank (IBCP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
zacks.com
- 2 months ago
Independent Bank: A Solid Bank But Not Cheap Enough
Independent Bank Corporation had a stellar 2024 with a 36% price return, but 2025 looks more challenging with moderate loan growth. Deposits increased to $4.70 billion, with a reduced cost of funds, while the loan portfolio is expected to grow by 5-6% in 2025. Despite strong fundamentals and low non-performing loans, IBCP stock's current price lacks a sufficient margin of safety, trading 25% above its 10-year average Price/TBV per share.
seekingalpha.com
- 2 months ago
Independent Bank Corporation (IBCP) Q4 2024 Earnings Call Transcript
Independent Bank Corporation (NASDAQ:IBCP ) Q4 2024 Earnings Conference Call January 23, 2025 11:00 AM ET Company Participants Brad Kessel - President and Chief Executive Officer Joel Rahn - Executive President, Commercial Banking Gavin Mohr - Executive President, Head of Commercial Banking Conference Call Participants Adam Kroll - Piper Sandler Brendan Nosal - Hovde Group Matt Renck - KBW Operator Hello everyone, and welcome to the Independent Bank Corporation Reports 2024 Fourth Quarter Results. My name is Ezra and I will be your coordinator today.
seekingalpha.com
- 2 months ago
Independent Bank (IBCP) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Independent Bank (IBCP) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 2 months ago
Independent Bank (IBCP) Tops Q4 Earnings and Revenue Estimates
Independent Bank (IBCP) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.79 per share a year ago.
zacks.com
- 2 months ago
8. Profile
Summary
Independent Bank Corporation IBCP
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 592 M
Dividend Yield
0.69%
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
732
Officers
Ms. Stefanie M. Kimball
Executive Vice President & Chief Risk Officer
Mr. Christopher S. Michaels
Executive Vice President & Chief Operating Officer
Mr. William Bradford Kessel CPA
President, Chief Executive Officer & Director
Mr. Joel F. Rahn
Executive Vice President of Commercial Lending & Chief Lending Officer
Mr. Larry Russ Daniel Jr.
Executive Vice President of Operations & Retail Banking
Mr. James J. Twarozynski
Senior Vice President, Chief Accounting Officer & Controller
Ms. Laurinda M. Neve
Senior Vice President of Human Resources
Mr. Patrick J. Ervin
Executive Vice President of Mortgage Banking
Mr. Gavin A. Mohr
Chief Financial Officer, Executive Vice President, Treasurer & Corporate Secretary
Ms. Darcy J. Benjamin
Accounting Officer