Stock Fundamentals

AI Research Report

Generate a comprehensive financial analysis report powered by AI

IBCP.US Logo

IBCP.US - Current Price

$32.76

Company Information

▼
Company Name
Independent Bank Corporation
Sector
Financial Services
Industry
Banks - Regional
Exchange
NASDAQ
ISIN: US4538386099
CIK: 0000039311
CUSIP: 453838104
Currency: USD
Full Time Employees: 732
Phone: 616 363 1207
Website: https://www.independentbank.com
Fiscal Year End: December
IPO Date: Jan 02, 2001
Description:

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

Address:

4200 East Beltline, Grand Rapids, MI, United States, 49525

Directors & Officers

▼
Name Title Year Born
Mr. William Bradford Kessel CPA President, CEO & Director 1964
Mr. Gavin A. Mohr CFO, Executive VP, Treasurer & Corporate Secretary 1984
Ms. Stefanie M. Kimball Executive VP & Chief Risk Officer 1960
Mr. Patrick J. Ervin Executive Vice President of Mortgage Banking 1966
Mr. Joel F. Rahn Executive VP of Commercial Lending & Chief Lending Officer 1966
Mr. Christopher S. Michaels Executive VP & Chief Operating Officer 1967
Mr. James J. Twarozynski Senior VP, Chief Accounting Officer & Controller 1965
Ms. Laurinda M. Neve Senior Vice President of Human Resources 1952
Mr. Michael J. Stodolak Executive Vice President of Retail Banking NA
Ms. Darcy J. Benjamin Accounting Officer NA

Shares Statistics

▼
Shares Outstanding: 20.69M
Shares Float: 20.18M
% Insiders: 501.90%
% Institutions: 8,639.60%
Short % Float: 2.13%

Valuation Metrics

▼
Enterprise Value: $511.96M
Trailing P/E: 10.16
Forward P/E: 12.05

Financial Highlights

▼
Market Cap: $684.04M
P/E Ratio: $10.16
PEG Ratio: $2.33
Book Value: $23.72
Dividend/Share: $1.02
Dividend Yield: 3.04%
Earnings/Share: $3.25
Profit Margin: 30.70%
Operating Margin: 39.40%
ROA (TTM): 1.27%
ROE (TTM): 14.51%
Revenue (TTM): $222.89M
Revenue/Share (TTM): $10.71
Earnings Growth (YOY): 29.20%
Revenue Growth (YOY): 10.90%

Stock Price History

▼

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Financial Charts

▼

Revenue & Net Income

Operating Expenses

Balance Sheet Overview

Earnings Per Share (EPS)

Earnings History

▼
Date EPS Actual EPS Estimate Difference Surprise %
Dec 31, 2025 0.00 0.83 N/A -10,000.00%
Sep 30, 2025 0.84 0.84 N/A 0.00%
Jun 30, 2025 0.81 0.79 N/A 253.16%
Mar 31, 2025 0.74 0.70 N/A 571.43%
Dec 31, 2024 0.87 0.76 N/A 1,447.37%
Sep 30, 2024 0.65 0.76 N/A -1,447.37%
Jun 30, 2024 0.88 0.70 N/A 2,571.43%
Mar 31, 2024 0.76 0.64 N/A 1,875.00%
Dec 31, 2023 0.65 0.70 N/A -714.29%
Sep 30, 2023 0.83 0.62 N/A 3,387.10%
Jun 30, 2023 0.70 0.59 N/A 1,864.41%
Mar 31, 2023 0.61 0.60 N/A 166.67%
Dec 31, 2022 0.71 0.74 N/A -405.41%
Sep 30, 2022 0.81 0.60 N/A 3,500.00%
Jun 30, 2022 0.61 0.55 N/A 1,090.91%
Mar 31, 2022 0.84 0.51 N/A 6,470.59%
Dec 31, 2021 0.58 0.65 N/A -1,076.92%
Sep 30, 2021 0.73 0.63 N/A 1,587.30%
Jun 30, 2021 0.56 0.67 N/A -1,641.79%
Mar 31, 2021 1.00 0.58 N/A 7,241.38%
Dec 31, 2020 0.77 0.61 N/A 2,622.95%
Sep 30, 2020 0.89 0.48 N/A 8,541.67%
Jun 30, 2020 0.67 0.25 N/A 16,800.00%
Mar 31, 2020 0.21 0.37 N/A -4,324.32%
Dec 31, 2019 0.61 0.56 N/A 892.86%
Sep 30, 2019 0.55 0.51 N/A 784.31%
Jun 30, 2019 0.46 0.47 N/A -212.77%
Mar 31, 2019 0.39 0.45 N/A -1,333.33%
Dec 31, 2018 0.41 0.47 N/A -1,276.60%
Sep 30, 2018 0.49 0.46 N/A 652.17%
Jun 30, 2018 0.44 0.40 N/A 1,000.00%
Mar 31, 2018 0.38 0.37 N/A 270.27%
Dec 31, 2017 0.36 0.33 N/A 909.09%
Sep 30, 2017 0.32 0.33 N/A -303.03%
Jun 30, 2017 0.27 0.29 N/A -689.66%
Mar 31, 2017 0.28 0.26 N/A 769.23%
Dec 31, 2016 0.27 0.27 N/A 0.00%
Sep 30, 2016 0.30 0.26 N/A 1,538.46%
Jun 30, 2016 0.30 0.25 N/A 2,000.00%
Mar 31, 2016 0.19 0.20 N/A -500.00%
Dec 31, 2015 0.25 0.22 N/A 1,363.64%
Sep 30, 2015 0.22 0.23 N/A -434.78%
Jun 30, 2015 0.24 0.20 N/A 2,000.00%
Mar 31, 2015 0.16 0.15 N/A 666.67%
Dec 31, 2014 0.15 0.18 N/A -1,666.67%
Sep 30, 2014 0.21 0.21 N/A 0.00%
Jun 30, 2014 0.26 0.18 N/A 4,444.44%
Mar 31, 2014 0.13 0.16 N/A -1,875.00%
Dec 31, 2013 0.21 0.21 N/A 0.00%
Sep 30, 2013 0.49 0.26 N/A 8,846.15%
Jun 30, 2013 0.19 0.29 N/A -3,448.28%
Mar 31, 2013 0.27 N/A N/A N/A
Dec 31, 2012 0.16 0.20 N/A -2,000.00%
Sep 30, 2012 0.16 0.30 N/A -4,666.67%
Jun 30, 2012 0.11 0.01 N/A 100,000.00%
Mar 31, 2012 0.07 N/A N/A N/A
Dec 31, 2011 -1.18 N/A N/A N/A
Sep 30, 2011 -0.61 N/A N/A N/A
Jun 30, 2011 -0.12 N/A N/A N/A
Mar 31, 2011 -1.06 N/A N/A N/A
Dec 31, 2010 -0.65 N/A N/A N/A
Sep 30, 2010 -1.03 0.05 N/A -216,000.00%
Jun 30, 2010 2.69 N/A N/A N/A
Mar 31, 2010 -6.19 N/A N/A N/A
Dec 31, 2009 -13.60 -1.40 N/A -87,142.86%
Sep 30, 2009 -7.40 -1.30 N/A -46,923.08%
Jun 30, 2009 -2.60 -4.03 N/A 3,548.39%
Mar 31, 2009 -8.40 -3.10 N/A -17,096.77%
Dec 31, 2008 -38.00 -0.47 N/A -798,510.64%
Sep 30, 2008 -2.30 0.58 N/A -49,655.17%
Jun 30, 2008 1.50 0.97 N/A 5,463.92%
Mar 31, 2008 0.10 1.56 N/A -9,358.97%
Dec 31, 2007 1.00 2.04 N/A -5,098.04%
Sep 30, 2007 1.60 2.60 N/A -3,846.15%
Jun 30, 2007 -0.02 -0.45 N/A 9,580.00%
Mar 31, 2007 1.90 4.02 N/A -5,273.63%
Dec 31, 2006 0.40 4.46 N/A -9,103.14%
Sep 30, 2006 4.30 4.85 N/A -1,134.02%
Jun 30, 2006 4.57 4.92 N/A -711.38%
Mar 31, 2006 5.33 5.06 N/A 533.60%
Dec 31, 2005 4.86 5.00 N/A -280.00%
Sep 30, 2005 5.05 4.96 N/A 181.45%
Jun 30, 2005 5.08 4.86 N/A 452.67%
Mar 31, 2005 4.72 4.79 N/A -146.14%
Dec 31, 2004 4.54 4.69 N/A -319.83%
Sep 30, 2004 4.35 4.41 N/A -136.05%
Jun 30, 2004 3.99 4.14 N/A -362.32%
Mar 31, 2004 3.81 4.05 N/A -592.59%
Dec 31, 2003 4.26 4.30 N/A -93.02%
Sep 30, 2003 4.63 4.17 N/A 1,103.12%
Jun 30, 2003 4.12 3.88 N/A 618.56%
Mar 31, 2003 4.04 3.45 N/A 1,710.14%
Dec 31, 2002 3.63 3.19 N/A 1,379.31%
Sep 30, 2002 3.13 3.12 N/A 32.05%
Jun 30, 2002 3.19 3.00 N/A 633.33%
Mar 31, 2002 3.09 2.92 N/A 582.19%
Dec 31, 2001 2.88 2.66 N/A 827.07%
Sep 30, 2001 2.67 2.53 N/A 553.36%
Jun 30, 2001 2.69 2.32 N/A 1,594.83%
Mar 31, 2001 2.24 2.29 N/A -218.34%
Dec 31, 2000 2.29 2.23 N/A 269.06%
Sep 30, 2000 2.29 2.11 N/A 853.08%
Jun 30, 2000 2.04 2.04 N/A 0.00%
Mar 31, 2000 1.99 1.89 N/A 529.10%
Dec 31, 1999 1.70 1.72 N/A -116.28%
Sep 30, 1999 1.60 1.70 N/A -588.24%
Jun 30, 1999 1.80 1.79 N/A 55.87%
Mar 31, 1999 1.76 1.71 N/A 292.40%
Dec 31, 1998 1.71 1.71 N/A 0.00%
Sep 30, 1998 1.66 1.63 N/A 184.05%
Jun 30, 1998 1.63 1.57 N/A 382.17%
Mar 31, 1998 1.57 1.45 N/A 827.59%
Dec 31, 1997 1.51 1.49 N/A 134.23%
Sep 30, 1997 1.48 1.46 N/A 136.99%
Jun 30, 1997 1.44 1.40 N/A 285.71%
Mar 31, 1997 1.42 1.36 N/A 441.18%
Dec 31, 1996 1.34 1.30 N/A 307.69%
Sep 30, 1996 1.32 1.30 N/A 153.85%
Jun 30, 1996 1.29 1.27 N/A 157.48%
Mar 31, 1996 1.26 1.26 N/A 0.00%
Dec 31, 1995 1.22 1.31 N/A -687.02%
Sep 30, 1995 1.20 1.13 N/A 619.47%
Jun 30, 1995 1.09 1.04 N/A 480.77%
Jun 30, 1994 0.97 0.95 N/A 210.53%
Mar 31, 1994 0.90 0.87 N/A 344.83%

Balance Sheet (Yearly)

▼
Date Cash Total Debt Total Assets Total Liabilities Total Equity
2024-12-31 $119.88M $N/A $5.34B $4.88B $454.69M
2023-12-31 $169.78M $N/A $5.26B $4.86B $404.45M
2022-12-31 $74.37M $N/A $5.00B $4.65B $347.60M
2021-12-31 $109.47M $N/A $4.70B $108.96M $398.48M
2020-12-31 $118.71M $N/A $4.20B $108.82M $389.52M
2019-12-31 $65.65M $N/A $3.56B $3.21B $350.17M
2018-12-31 $70.84M $N/A $3.35B $3.01B $338.99M
2017-12-31 $57.48M $N/A $2.79B $2.52B $264.93M
2016-12-31 $88.79M $N/A $2.55B $2.30B $248.98M
2015-12-31 $97.65M $N/A $2.41B $2.16B $251.09M
2014-12-31 $87.58M $N/A $2.25B $2.00B $250.37M
2013-12-31 $137.08M $N/A $2.21B $1.98B $231.58M
2012-12-31 $179.78M $N/A $2.02B $1.89B $134.98M
2011-12-31 $341.11M $N/A $2.31B $2.20B $102.63M
2010-12-31 $385.37M $N/A $2.54B $2.42B $119.09M
2009-12-31 $288.74M $N/A $2.97B $2.86B $109.86M
2008-12-31 $57.71M $N/A $2.96B $2.76B $194.88M
2007-12-31 $79.29M $N/A $3.28B $3.01B $240.50M
2006-12-31 $73.14M $N/A $3.43B $3.17B $258.17M
2005-12-31 $67.59M $N/A $3.36B $3.11B $248.26M
2004-12-31 $72.82M $N/A $3.09B $2.86B $230.29M
2003-12-31 $61.74M $N/A $2.36B $2.20B $162.22M
2002-12-31 $60.73M $N/A $2.06B $1.92B $138.05M
2001-12-31 $50.53M $N/A $1.89B $1.76B $131.90M
2000-12-31 $58.15M $N/A $1.78B $1.66B $128.34M
1999-12-31 $58.60M $N/A $1.73B $1.61B $113.70M
1998-12-31 $53.90M $N/A $1.66B $1.54B $117.00M
1997-12-31 $30.40M $N/A $983.80M $924.30M $59.50M
1996-12-31 $50.60M $N/A $888.60M $836.80M $51.80M
1995-12-31 $17.20M $N/A $590.10M $543.10M $47.00M
1994-12-31 $23.90M $N/A $516.20M $475.90M $40.30M
1993-12-31 $34.20M $N/A $444.30M $408.10M $36.20M
1992-12-31 $23.70M $N/A $367.50M $335.70M $31.80M
1991-12-31 $26.60M $N/A $371.70M $343.70M $28.00M
1990-12-31 $20.80M $N/A $362.50M $337.80M $24.70M
1989-12-31 $15.80M $N/A $328.30M $305.50M $22.80M
1988-12-31 $N/A $N/A $N/A $N/A $N/A
1987-12-31 $N/A $N/A $N/A $N/A $N/A
1986-12-31 $N/A $N/A $N/A $N/A $N/A

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Sep 03, 2025 N/A N/A N/A N/A N/A N/A
Aug 05, 2025 N/A N/A N/A N/A N/A N/A
Jun 13, 2025 N/A N/A N/A N/A N/A N/A
Apr 29, 2025 N/A N/A N/A N/A N/A N/A
Dec 03, 2024 N/A N/A N/A N/A N/A N/A
Nov 20, 2024 N/A N/A N/A N/A N/A N/A

Watchlist

0

No stocks in watchlist