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IBCP
$36.04-$0.19 (-0.52%)live
Held · Bookmarked
0 · 0
portfolios · users
Avg position size
—
of holders' portfolios
13F filers
1
institution
Market cap
$746.6M
21M shares
52-week range
$29.63 – $39.17
67% from low
Sector
STATE COMMERCIAL BANKS
Exchange
NASDAQ
CS
Borrow rate
0.53%
Easy to borrow
Price (6 mo)
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Change+$14.33
Valuation
Financials
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Click rows below (any statement) to add/remove series. Selection stays as you switch tabs.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $170.9M | $190.8M | $214.2M | $207.1M | $224.2M | $283.8M | $316.3M | $315.4M |
| Cost of revenue | $19.0M | $27.4M | $28.9M | $7.6M | $25.4M | $90.0M | $104.7M | $95.9M |
| Gross profit | $151.9M | $163.3M | $185.3M | $199.5M | $198.8M | $193.8M | $211.7M | $219.5M |
| Gross margin | 88.9% | 85.6% | 86.5% | 96.3% | 88.7% | 68.3% | 66.9% | 69.6% |
| R&D | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating income | $49.1M | $57.8M | $69.5M | $77.3M | $77.8M | $73.7M | $83.0M | $81.3M |
| EBITDA | $55.2M | $63.8M | $78.6M | $89.4M | $88.6M | $83.7M | $93.1M | $91.2M |
| Net income | $39.8M | $46.4M | $56.2M | $62.9M | $63.4M | $59.1M | $66.8M | $68.5M |
| Net margin | 23.3% | 24.3% | 26.2% | 30.4% | 28.3% | 20.8% | 21.1% | 21.7% |
| EPS (diluted) | 1.68 | 2.00 | 2.53 | 2.88 | 2.97 | 2.79 | 3.16 | 3.27 |
Annual figures · source: Financial Modeling Prep
Analyst estimates (consensus)
| Year | Est. revenue | Est. EPS | EPS range | # Analysts |
|---|---|---|---|---|
| 2026 | $254M | $3.55 | $3.52–$3.58 | 4 |
| 2027 | $278M | $3.83 | $3.82–$3.84 | 4 |
Forward consensus · source: Financial Modeling Prep
DCF fair valuemodel estimate
Intrinsic value
$27.43
Price
$36.04
Implied downside
-24%
Peer comparison
Independent Bank Corp.
Independent Bank Corp. operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers. The firm's principal markets are the rural and suburban communities across Lower Michigan. The firm generates the majority of its revenue from Interest and fees on loans.
www.independentbank.com- Employees
- 826
- IPO / List date
- Sep 4, 1985
- HQ
- GRAND RAPIDS, MI
Held by traders on TradeandTell
No one on the platform currently holds IBCP.
Super investors & insiders
Institutions holding (13F)
| Institution | Shares | Reported |
|---|---|---|
| Renaissance Technologiesas of 2026-03-31 | 582,291 | $19.4M |
Insider activity (SEC Form 4)
Dividend history
TTM yield · 3.00% ($1.08/share)
| Ex-date | Per share | Pay date |
|---|---|---|
| 2026-05-04 | $0.2800 | 2026-05-14 |
| 2026-02-03 | $0.2800 | 2026-02-13 |
| 2025-11-04 | $0.2600 | 2025-11-14 |
| 2025-08-05 | $0.2600 | 2025-08-15 |
| 2025-05-05 | $0.2600 | 2025-05-15 |
| 2025-02-04 | $0.2600 | 2025-02-14 |
| 2024-11-05 | $0.2400 | 2024-11-15 |
| 2024-08-05 | $0.2400 | 2024-08-15 |
| 2024-05-02 | $0.2400 | 2024-05-13 |
| 2024-02-02 | $0.2400 | 2024-02-15 |
Recent trades on TradeandTell
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