Independent Bank Corporation

Independent Bank Corporation

IBCP
Independent Bank CorporationUS flagNASDAQ Global Select
36.50
USD
+0.01
- -
752.12MMarket Cap
Independent Bank Corporation
IBCP
(NASDAQ Global Select)

Recent

price

36.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
26.19
14.26
14.66
8
4.55
4.78
5.46
6.05
6.55
7.19
9.03
9.2
9.7
9.57
10.34
10.51
10.79
Revenue per Share
-4.09
-2.94
2.51
5.33
0.79
0.88
1.06
0.96
1.7
2.03
2.56
2.91
3
2.82
3.2
3.3
3.38
Basic EPS, GAAP
-1.36
4.28
3.37
3.73
0.57
1.01
1.1
1.81
1.92
1.51
2.68
5.1
4.48
3.61
3.03
3.69
2.33
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.18
0.26
0.34
0.42
0.6
0.72
0.8
0.84
0.88
0.92
0.96
1.04
1.06
Dividend per Share
-37.31
4.19
6.75
17.24
11.17
11.32
12.02
12.7
14.9
15.47
17.3
18.41
20.85
22.75
25.14
26.99
27.66
Book Value per Share
3.88
0.48
4.11
15.37
10.28
10.41
10.87
11.61
12.07
13
15.5
15.76
12.99
15.85
18.12
21.29
21.73
Tangible Book Value per Share
5
8
9
14
23
23
21
21
23
23
22
22
21
21
21
21
21
Basic Weighted Avg Shares
133
118
128
112
104
109
117
129
153
164
198
199
205
200
216
218
223
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
-28
-11
-5
-2
3
5
5
7
6
6
9
12
11
10
10
10
10
Depreciation Expense
-17
-20
26
78
18
20
23
20
40
46
56
63
63
59
67
69
70
Net Income, GAAP
- -
- -
- -
- -
28.53
31.87
30.8
46.73
18.92
19.61
19.18
18.65
18.56
19.83
19.57
15.68
15.25
Effective Tax Rate (%)
-12.53
-17.11
20.51
69.35
17.26
18.44
19.41
15.88
25.97
28.24
28.36
31.64
30.94
29.46
30.95
31.39
31.31
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
121
71
68
54
48
48
44
64
55
74
109
109
165
129
124
117
67
LT Debt
119
103
135
232
250
251
249
265
339
350
390
398
348
404
455
503
511
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
46.73
49.73
7.25
7.8
8.84
7.74
12.85
13.21
15.31
16.18
15.11
12.88
13.34
12.63
12.63
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
42
117
67
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
21
21
Market Capitalization
645
675
688

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
393
162
358
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.7%
5.79%
10.62%
Free Cash Flow
18.83%
11.69%
21.39%
Net Income, GAAP
15.74%
4.33%
2.62%
Sales/Revenue/Turnover
7.47%
2.03%
1.17%
Total Cash Common Dividend
14.85%
4.18%
7.76%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
51
55
50
60
216
2025
52
54
55
57
218
2026
57
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.77
0.89
0.66
0.88
3.2
2025
0.74
0.81
0.85
0.9
3.3
2026
0.82
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.24
0.24
0.24
0.96
2025
0.26
0.26
0.26
0.26
1.04
2026
0.28
- -
- -
- -
- -
Business
Independent Bank Corporation Independent Bank Corporation (NASDAQ:IBCP) operates as the bank holding company for Independent Bank, a Michigan-based community bank that provides a full range of commercial and consumer banking services; deposit products including demand deposits, interest checking, money market accounts, savings accounts, time certificates of deposit, and free checking accounts; consumer loans comprising residential mortgages, home equity loans and lines secured by one-to-four family residential properties, and other consumer loans; commercial loans; mortgage lending; investment and financial services such as cash management, investment management, trust services, estate settlement, financial planning, tax services, mutual fund shares, unit investment trust shares, third-party model portfolios, general securities, fixed and variable annuities, and life insurance products; debit and credit cards; safe deposit boxes; automatic teller machines; and internet and mobile banking. Founded in 1864 and headquartered in Grand Rapids, Michigan, the company primarily serves individuals, businesses, and communities across Michigan's Lower Peninsula through approximately 59 branches, two drive-thru facilities, and seven loan production offices, with additional loan production offices in Ohio. In recent developments, Independent Bank Corporation completed the acquisition of Enterprise Bank in July 2025, adding $1.2 billion in loans and $950 million in deposits, with core system conversion ongoing and full cost synergies expected by the first quarter of 2026; authorized a 2025 share repurchase plan for up to 1.1 million shares, or approximately 5% of its common stock, announced in December 2024; and reported third quarter 2024 highlights including net interest income growth, tangible book value increases, core deposit growth of $100.1 million (8.9% annualized), and loan growth of $90.4 million (9.3% annualized) from June 30, 2024.

Company News

APIChatGPT
  • Will Independent Bank (IBCP) Beat Estimates Again in Its Next Earnings Report?

  • Why Independent Bank (IBCP) is a Great Dividend Stock Right Now

  • Independent Bank (IBCP) Reports Next Week: Wall Street Expects Earnings Growth

  • Independent Bank Corporation Announces Date for Its Second Quarter 2026 Earnings Release

  • Why Independent Bank (IBCP) is a Top Dividend Stock for Your Portfolio

  • Independent Bank Corporation Announces Completion of the HCB Financial Corp. and Highpoint Community Bank Acquisition

  • Independent Bank Corporation Announces Shareholder Approval to Acquire HCB Financial Corp. and Highpoint Community Bank

  • Independent Bank (IBCP) is a Top Dividend Stock Right Now: Should You Buy?

  • Independent Bank Corporation Announces Regulatory Approvals to Acquire HCB Financial Corp. and Highpoint Community Bank

  • Independent Bank (IBCP) Upgraded to Buy: What Does It Mean for the Stock?

  • This is Why Independent Bank (IBCP) is a Great Dividend Stock

  • 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

  • Independent Bank (IBCP) Could Be a Great Choice