Independent Bank Corporation (IBCP)
NASDAQ:IBCP
IBCP Stock Chart & Stats
$32.41
$0.02(0.06%)
At close: 4:00 PM EST
$32.41
$0.02(0.06%)
Day’s Range― - ―
52-Week Range$26.75 - $37.39
Previous CloseN/A
Volume13.63K
Average Volume (3M)200.16K
Market Cap
$667.27M
Enterprise Value$731.90M
Total Cash (Recent Filing)$548.14M
Total Debt (Recent Filing)$116.87M
Price to Earnings (P/E)9.8
Beta0.83
Next Earnings
Apr 23, 2026EPS Estimate
0.79Next Dividend Ex-DateN/A
Dividend Yield3.09%
Share Statistics
EPS (TTM)0.81
Shares Outstanding20,588,446
10 Day Avg. Volume293,413
30 Day Avg. Volume200,160
Financial Highlights & Ratios
PEG Ratio3.14
Price to Book (P/B)1.34
Price to Sales (P/S)2.13
P/FCF Ratio9.58
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue2.36
Enterprise Value/Gross Profit3.42
Enterprise Value/Ebitda8.24
Forecast
1Y Price Target
$37.33Price Target Upside15.18% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)3.48
Revenue Forecast (FY)$243.74M
Bulls Say, Bears Say
Bulls Say
Stronger Capital & Lower LeverageMaterial deleveraging and meaningful equity growth materially improve loss-absorbing capacity and regulatory headroom. A sturdier capital base supports continued lending, M&A flexibility, and shareholder returns while reducing solvency risk across macro cycles.
NIM / Net Interest Income ExpansionSustained NIM improvement and explicit NII guidance point to durable core earnings growth driven by asset repricing and funding cost control. This structural margin lift supports profitability even if fee income softens, improving long-term cash generation.
Strategic Merger To Expand FranchiseThe HCB deal materially increases scale, densifies Michigan footprint, and adds low-cost deposits—structural benefits for funding, cross-sell, and competitive positioning. If integrated well, this enhances growth capacity and market share sustainably.
Bears Say
Decline In Noninterest IncomeThe MSR sale and resulting drop in fee income reduce business-model diversification and recurring revenue. Over time, weaker noninterest income makes earnings more dependent on NIM and loan growth, increasing sensitivity to rate and loan-cycle shifts.
Concentrated Credit ExposureA single large troubled commercial development meaningfully concentrates credit risk, raising volatility in asset-quality metrics. Persistent concentration can force higher provisions, constrain risk appetite, and slow lending growth until resolved.
Rising Operating Expense OutlookElevated expense guidance signals pressure on operating leverage; higher compensation, data processing and occupancy costs can compress net margins unless offset by stronger NII or efficiency gains, limiting sustainable earnings improvement.
Independent Bank News
IBCP FAQ
What was Independent Bank Corporation’s price range in the past 12 months?
Independent Bank Corporation lowest stock price was $26.75 and its highest was $37.39 in the past 12 months.
What is Independent Bank Corporation’s market cap?
Independent Bank Corporation’s market cap is $667.27M.
When is Independent Bank Corporation’s upcoming earnings report date?
Independent Bank Corporation’s upcoming earnings report date is Apr 23, 2026 which is in 26 days.
How were Independent Bank Corporation’s earnings last quarter?
Independent Bank Corporation released its earnings results on Jan 22, 2026. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.842 by -$0.032.
Is Independent Bank Corporation overvalued?
According to Wall Street analysts Independent Bank Corporation’s price is currently Undervalued.
Does Independent Bank Corporation pay dividends?
Independent Bank Corporation pays a Quarterly dividend of $0.26 which represents an annual dividend yield of 3.09%. See more information on Independent Bank Corporation dividends here
What is Independent Bank Corporation’s EPS estimate?
Independent Bank Corporation’s EPS estimate is 0.79.
How many shares outstanding does Independent Bank Corporation have?
Independent Bank Corporation has 20,588,446 shares outstanding.
What happened to Independent Bank Corporation’s price movement after its last earnings report?
Independent Bank Corporation reported an EPS of $0.81 in its last earnings report, missing expectations of $0.842. Following the earnings report the stock price went up 0.972%.
Which hedge fund is a major shareholder of Independent Bank Corporation?
Currently, no hedge funds are holding shares in IBCP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Independent Bank Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$37.33 (15.18% Upside)
$37.33 (15.18% Upside)
Blogger Sentiment
Neutral
IBCP Sentiment 50%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 289.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $42.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 5.3%
Last 30 Days ▲ 3.3%
Last 30 Days ▲ 3.3%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.23%
12-Months-Change
Fundamentals
Return on Equity
14.20%
Trailing 12-Months
Asset Growth
3.08%
Trailing 12-Months
Company Description
Independent Bank Corporation
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
IBCP Company Deck
IBCP Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a generally positive operational and financial picture driven by margin expansion, strong commercial loan growth, improving capital metrics, active capital return (buybacks and dividend) and a constructive 2026 outlook for NII and NIM. Offsetting items include a meaningful YoY decline in noninterest income (primarily from the MSR sale), one concentrated troubled commercial development that raised NPLs slightly, moderately higher charge-offs, and guidance for higher noninterest expense and more modest overall loan growth. On balance, the company's core fundamentals (NIM expansion, commercial loan momentum, capital strength) outweigh the near-term revenue headwinds and isolated credit item.View all IBCP earnings summariesIBCP Stock 12 Month Forecast
Average Price Target
$37.33
▲(15.18% Upside)
Technical Analysis
Eagle Bancorp
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South Plains Financial
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Ownership Overview
2.57% Insiders
21.27% Mutual Funds
11.52% Other Institutional Investors
46.84% Public Companies and
Individual Investors