IBCP logo

Independent Bank (IBCP)

Profile

Full Name

Independent Bank Corporation

Ticker Symbol

IBCP

Exchange

NASDAQ

Sector

Financial Services

Industry

Banks - Regional

Country

United States

IPO

September 4, 1985

Indexes

Not included

Website

http://www.independentbank.com

Employees

732

Key Details

Price

$29.06(+1.89%)

Market cap

$609.47M(Small cap)

Last Dividend

$0.26

TTM Dividend yield

3.37%

Annual revenue

$215.80M(+7.64% YoY)

Annual EPS

$3.16(+13.26% YoY)

PE ratio

9.20

Next earnings date

Apr 24, 2025

Next ex-dividend date

N/A

Next split date

N/A

Price

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Current Price

$29.06
IBCP price is $29.06

30-Day Relative Volume

0.93
IBCP 30-day relative volume is 0.93

Price Performance

Price Today change

+1.89%
IBCP price is up +1.89% today

Price YTD change

-16.57%
IBCP price is down -16.57% since January 1st

Price 1-year change

+24.83%
IBCP price is up +24.83% year-on-year

Price 3-year change

+37.46%
IBCP price is up +37.46% over the past 3 years

Price Range

Price All-time high

$286.71
IBCP price is currently -89.86% below its historical high of $286.71

Price 3-year low

$14.90
IBCP price is currently +95.03% above its 3-year low

Capitalization

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Market cap

Market cap

$609.47M
IBCP market capitalization is $609.47 million

Market cap 3-year change

+36.2%
IBCP market capitalization is up +36.2% over the past 3 years

Market cap All-time high

$814.66M
IBCP market capitalization is currently -25.19% below its historical high of $814.66 million

Market cap sector rank

51.96%
IBCP market capitalization is higher than 51.96% of companies in Financial Services sector

Shares Outstanding

Shares Outstanding 1-Year Change

+0.33%
IBCP shares outstanding is up +0.33% year-on-year

Shares Outstanding 3-Year Change

-0.92%
IBCP shares outstanding is down -0.92% over the past 3 years

Technical Indicators

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Beta

0.79
IBCP beta is 0.79

200-day SMA

$33.40
IBCP price is currently -12.99% below its 200-day simple moving average

50-day SMA

$32.44
IBCP price is currently -10.41% below its 50-day simple moving average

RSI

34.31
IBCP 14-day relative strength index is 34.31

Volume

0.93
IBCP 30-day relative volume is 0.93

ATR

$1.42
IBCP average true range is $1.42

10-day Historical Volatility

48.25%
IBCP 10-day historical volatility is 48.25%

Dividend

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Events

Last Paid Dividend

$0.26
IBCP last dividend was $0.26 per share, with an ex-dividend date of February 4, 2025

Next Dividend

-
IBCP next dividend has not yet been announced

Dividend per share

Dividend per share

$0.96
IBCP annual dividend per share is $0.96

Dividend per share Sector Rank

52.16%
IBCP annual dividend per share is higher than 52.16% of companies in Financial Services sector

Dividend per share 1-Year Change

+4.35%
IBCP annual dividend per share is up +4.35% year-on-year

Dividend per share 3-Year Change

+14.29%
IBCP annual dividend per share is up +14.29% over the past 3 years

Dividend yield

Dividend yield

3.30%
IBCP annual dividend yield is 3.30%

Dividend yield Sector Rank

30.87%
IBCP annual dividend yield is higher than 30.87% of companies in Financial Services sector

Other

Payout ratio

30.01%
IBCP annual payout ratio is 30.01%

Dividends paid

$20.05M
IBCP annual dividends paid is $20.05 million

Free cash flow

$55.20M
IBCP annual free cash flow is $55.20 million

Income Statement

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Revenue

Revenue

$215.80M
IBCP annual revenue is $215.80 million

Revenue Analysts estimate

$193.34M
IBCP annual revenue is currently +11.62% higher than the consensus analysts' forecast

Revenue 1-year change

+7.64%
IBCP annual revenue is up +7.64% year-on-year

Revenue Sector rank

57.62%
IBCP annual revenue is higher than 57.62% of companies in Financial Services sector

EPS

EPS

$3.16
IBCP annual earnings per share is $3.16

EPS Analysts estimate

$3.11
IBCP annual earnings per share is currently +1.54% higher than the consensus analysts' forecast

EPS 1-year change

+13.26%
IBCP annual earnings per share is up +13.26% year-on-year

EPS Sector rank

71.86%
IBCP annual earnings per share is higher than 71.86% of companies in Financial Services sector

Profit

Gross profit

-
IBCP annual gross profit value is unknown

Gross margin

-
IBCP annual gross profit margin value is unknown

Operating profit

-
IBCP annual operating income value is unknown

Operating margin

-
IBCP annual operating profit margin value is unknown

Net income

$66.79M
IBCP annual net profit is $66.79 million

Net margin

30.95%
IBCP annual net profit margin is 30.95%

Expenses

Total expenses

-
IBCP annual total expenses value is unknown

Operating expenses

$92.35M
IBCP annual total operating expenses is $92.35 million

Cost of goods sold

-
IBCP annual cost of goods sold value is unknown

Selling, general & administrative expenses

$91.83M
IBCP annual SGA is $91.83 million

Depreciation and amortization

$10.01M
IBCP annual depreciation & amortization is $10.01 million

Interest expense

-
IBCP annual interest expense value is unknown

Income tax

$16.26M
IBCP annual income tax is $16.26 million

EBIT & EBITDA

EBIT

$183.57M
IBCP annual earnings before interest & taxes is $183.57 million

EBITDA

$193.58M
IBCP annual EBITDA is $193.58 million

Balance Sheet

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Assets

Total assets

$5.34B
IBCP annual total assets is $5.34 billion

Non current assets

$5.15B
IBCP annual long term assets is $5.15 billion

Current assets

$145.27M
IBCP annual total current assets is $145.27 million

Cash and cash equivalents

$119.88M
IBCP annual cash & cash equivalents is $119.88 million

Accounts receivable

-
IBCP annual accounts receivable value is unknown

Inventory

-
IBCP annual inventory value is unknown

Liabilities

Total liabilities

$4.88B
IBCP annual total liabilities is $4.88 billion

Long term liabilities

$4.78B
IBCP annual total long term liabilities is $4.78 billion

Current liabilities

-
IBCP annual total current liabilities value is unknown

Accounts payable

-
IBCP annual accounts payable value is unknown

Debt

Total debt

$124.39M
IBCP annual total debt is $124.39 million

Total debt 1-year change

-3.77%
IBCP annual total debt is down -3.77% year-on-year

Long term debt

$124.39M
IBCP annual long term debt is $124.39 million

Short term debt

-
IBCP annual short term debt value is unknown

Equity & Capital

Shareholders equity

$454.69M
IBCP annual stockholders equity is $454.69 million

Book value

$454.69M
IBCP annual book value is $454.69 million

Retained earnings

$205.85M
IBCP annual retained earnings is $205.85 million

Working capital

-
IBCP annual working capital value is unknown

Cash Flow Statement

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Cashflow Activities

Cash from operations

$63.15M
IBCP annual cash flow from operations is $63.15 million

Cash from operations 1-year change

-16.45%
IBCP annual cash flow from operations is down -16.45% year-on-year

Cash from investing

-$118.16M
IBCP annual cash flow from investing activities is -$118.16 million

Cash from investing 1-year change

+27.49%
IBCP annual cash flow from investing activities is up +27.49% year-on-year

Cash from financing

$5.11M
IBCP annual cash flow from financing activities is $5.11 million

Cash from financing 1-year change

-97.2%
IBCP annual cash flow from financing activities is down -97.2% year-on-year

CAPEX

CAPEX

$7.95M
IBCP annual capital expenditures is $7.95 million

CAPEX 1-year change

+31.97%
IBCP annual capital expenditures is up +31.97% year-on-year

Free Cash Flow

Free cash flow

$55.20M
IBCP annual free cash flow is $55.20 million

Free cash flow 1-year change

-20.65%
IBCP annual free cash flow is down -20.65% year-on-year

Profitability Ratios

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Margins

Gross margin

-
IBCP annual gross profit margin value is unknown

Operating margin

-
IBCP annual operating profit margin value is unknown

Net margin

30.95%
IBCP annual net profit margin is 30.95%

ROA & ROE

ROA

1.26%
IBCP annual return on assets is 1.26%

ROE

15.55%
IBCP annual return on equity is 15.55%

Valuation

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PE Ratio

PE ratio

9.20
IBCP price to earnings ratio is 9.20

PE ratio Sector rank

22.04%
IBCP price to earnings ratio is higher than 22.04% of companies in Financial Services sector

PB Ratio

PB ratio

1.34
IBCP price to book ratio is 1.34

PB ratio Sector rank

64.44%
IBCP price to book ratio is higher than 64.44% of companies in Financial Services sector

PS Ratio

PS ratio

2.82
IBCP price to sales ratio is 2.82

PS ratio Sector rank

55.46%
IBCP price to sales ratio is higher than 55.46% of companies in Financial Services sector

Enterprise value

Enterprise value

$613.98M
IBCP enterprise value is $613.98 million

Enterprise value Sector rank

48.85%
IBCP enterprise value is higher than 48.85% of companies in Financial Services sector

EV/EBITDA

EV/EBITDA

3.17
IBCP EV/EBITDA is 3.17

EV/EBITDA Sector rank

45.08%
IBCP EV/EBITDA is higher than 45.08% of companies in Financial Services sector

Financial Health

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Liquidity

Current ratio

-
IBCP annual current ratio value is unknown

Quick ratio

-
IBCP annual quick ratio value is unknown

Leverage

Debt to equity

0.27
IBCP annual debt to equity ratio is 0.27

Interest coverage ratio

-
IBCP annual interest coverage ratio value is unknown

Risk & Stability

Piotroski F-Score

-
IBCP piotroski f-score value is unknown

Altman Z-Score

-
IBCP altman z-score value is unknown

Analyst ratings

Recent major analysts updates

Jan 28, 25 DA Davidson
Neutral
Jan 24, 25 Keefe, Bruyette & Woods
Market Perform
Dec 4, 24 Keefe, Bruyette & Woods
Market Perform
Jul 29, 24 Piper Sandler
Neutral
Jul 29, 24 Keefe, Bruyette & Woods
Market Perform
Apr 30, 24 DA Davidson
Neutral
Jul 26, 23 Keefe, Bruyette & Woods
Market Perform
Dec 13, 22 Keefe, Bruyette & Woods
Market Perform
Sep 29, 20 Piper Sandler
Overweight
Oct 1, 18 DA Davidson
Buy

Institutional Ownership

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  • What is the ticker symbol for Independent Bank?
  • Does Independent Bank pay dividends?
  • What sector is Independent Bank in?
  • What industry is Independent Bank in?
  • What country is Independent Bank based in?
  • When did Independent Bank go public?
  • Is Independent Bank in the S&P 500?
  • Is Independent Bank in the NASDAQ 100?
  • Is Independent Bank in the Dow Jones?
  • When was Independent Bank's last earnings report?
  • When does Independent Bank report earnings?
  • Should I buy Independent Bank stock now?

What is the ticker symbol for Independent Bank?

The ticker symbol for Independent Bank is NASDAQ:IBCP

Does Independent Bank pay dividends?

Yes, Independent Bank pays dividends. The last payment was $0.26, with an ex-dividend date on February 4, 2025

What sector is Independent Bank in?

Independent Bank is in the Financial Services sector

What industry is Independent Bank in?

Independent Bank is in the Banks - Regional industry

What country is Independent Bank based in?

Independent Bank is headquartered in United States

When did Independent Bank go public?

Independent Bank's initial public offering (IPO) was on September 4, 1985

Is Independent Bank in the S&P 500?

No, Independent Bank is not included in the S&P 500 index

Is Independent Bank in the NASDAQ 100?

No, Independent Bank is not included in the NASDAQ 100 index

Is Independent Bank in the Dow Jones?

No, Independent Bank is not included in the Dow Jones index

When was Independent Bank's last earnings report?

Independent Bank's most recent earnings report was on Jan 23, 2025

When does Independent Bank report earnings?

The next expected earnings date for Independent Bank is Apr 24, 2025

Should I buy Independent Bank stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions
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