Independent Bank Mourns Passing of Board Member

Independent Bank ( (IBCP) ) has shared an announcement.

Independent Bank Corporation announced the passing of Michael M. Magee, Jr., a current Board member and past Chairman of the Board of Directors, on August 3, 2025. Magee, who served the bank for 38 years in various leadership roles, including CEO and Chairman, was remembered for his strong leadership and dedication, leaving a significant impact on the bank’s operations and community.

The most recent analyst rating on (IBCP) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Independent Bank stock, see the IBCP Stock Forecast page.

Spark’s Take on IBCP Stock

According to Spark, TipRanks’ AI Analyst, IBCP is a Outperform.

Independent Bank’s strong financial performance and attractive valuation are significant strengths, supporting a solid overall score. However, technical indicators suggest caution with bearish momentum. The mixed earnings call results and strategic corporate events provide a balanced outlook, contributing to a moderate score.

To see Spark’s full report on IBCP stock, click here.

More about Independent Bank

Independent Bank Corporation, with total assets of approximately $5.4 billion, operates nearly 60 locations across Michigan’s Lower Peninsula through its state-chartered bank subsidiary, Independent Bank. The bank offers a comprehensive range of financial services, including commercial banking, mortgage lending, investments, and title services, with a focus on delivering exceptional personal service and value to its customers, stockholders, and communities.

Average Trading Volume: 73,341

Technical Sentiment Signal: Strong Buy

Current Market Cap: $655.2M

Learn more about IBCP stock on TipRanks’ Stock Analysis page.