Next earnings date: 22 Oct 2025
Independent Bank Corporation – NASDAQ:IBCP
Independent Bank stock price today
$31.39
-3.29
-9.51%
Financial Health
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Market closed
Open in about 7 hours
Independent Bank stock price monthly change
+22.71%
month
Independent Bank stock price quarterly change
+22.71%
quarter
Independent Bank stock price yearly change
+29.25%
year
Independent Bank key metrics
Market Cap | 728.47M |
Enterprise value | 682.60M |
P/E | 11.67 |
EV/Sales | 2.17 |
EV/EBITDA | 14.22 |
Price/Sales | 2.31 |
Price/Book | 1.60 |
PEG ratio | 1.38 |
EPS | 2.96 |
Revenue | 262.04M |
EBITDA | 41.61M |
Income | 62.06M |
Revenue Q/Q | 63.49% |
Revenue Y/Y | 78.85% |
Profit margin | 19.82% |
Oper. margin | 36.28% |
Gross margin | 102.52% |
EBIT margin | 36.28% |
EBITDA margin | 15.88% |
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Sign up for freeIndependent Bank stock price history
Independent Bank stock forecast
Independent Bank financial statements
Average Price Target
$37
Potential upside: 17.87%
Analysts Price target
Financials & Ratios estimates
| Jun 2023 | 52.09M | 14.79M | 28.39% |
|---|---|---|---|
| Sep 2023 | 53.39M | 17.54M | 32.85% |
| Dec 2023 | 79.11M | 13.74M | 17.37% |
| Mar 2024 | 77.44M | 15.99M | 20.65% |
| 2024-10-24 | 0.76 | 0.65 |
|---|
2.76%
Yield TTM
| Payout ratio | 31.94% |
|---|
| 2019 | 3.19% |
|---|---|
| 2020 | 4.34% |
| 2021 | 3.52% |
| 2022 | 3.68% |
| 2023 | 3.54% |
| Jun 2023 | 5135564000 | 169.18M | 3.29% |
|---|---|---|---|
| Sep 2023 | 5200018000 | 129.21M | 2.48% |
| Dec 2023 | 5276594000 | 4.87B | 92.34% |
| Mar 2024 | 5231255000 | 4.81B | 92.06% |
| Jun 2023 | 9.78M | -82.36M | -25.24M |
|---|---|---|---|
| Sep 2023 | 17.05M | -71.85M | 51.43M |
| Dec 2023 | 12.93M | -1.24M | 32.26M |
| Mar 2024 | 16.45M | 22.06M | -46.46M |
Independent Bank alternative data
| Aug 2023 | 803 |
|---|---|
| Sep 2023 | 803 |
| Oct 2023 | 803 |
| Nov 2023 | 803 |
| Dec 2023 | 803 |
| Jan 2024 | 803 |
| Feb 2024 | 803 |
| Mar 2024 | 741 |
| Apr 2024 | 741 |
| May 2024 | 741 |
| Jun 2024 | 741 |
| Jul 2024 | 741 |
Independent Bank other data
49.32%
-25.10%
of IBCP is owned by hedge funds
79
-47
11.31M
-5.75M
shares is hold by hedge funds
What is insider trading?
| Period | Buy | Sel |
|---|---|---|
| Apr 2024 | 0 | 1500 |
| May 2024 | 0 | 1700 |
| Jun 2024 | 0 | 2400 |
| Aug 2024 | 0 | 1000 |
| Sep 2024 | 0 | 2400 |
| Nov 2024 | 800 | 3851 |
| Dec 2024 | 275 | 0 |
| Transaction | Date | Insider | Security | Shares | Price per share | Total value | Source |
|---|---|---|---|---|---|---|---|
Purchase | ERVIN PATRICK J officer: Executive Vice President | Common Stock | 275 | $37.94 | $10,433 | ||
Sale | DANIEL LARRY R JR officer: Executive Vice President | Common Stock | 3,851 | $39.15 | $150,767 | ||
Purchase | MOHR GAVIN A. officer: Executiv.. | Common Stock | 800 | $36.71 | $29,369 | ||
Sale | KELLER CHRISTINA director | Common Stock | 100 | $32.79 | $3,279 | ||
Sale | KELLER CHRISTINA director | Common Stock | 100 | $32.8 | $3,280 | ||
Sale | KELLER CHRISTINA director | Common Stock | 176 | $32.81 | $5,775 | ||
Sale | KELLER CHRISTINA director | Common Stock | 100 | $32.82 | $3,282 | ||
Sale | KELLER CHRISTINA director | Common Stock | 100 | $32.83 | $3,283 | ||
Sale | KELLER CHRISTINA director | Common Stock | 118 | $32.83 | $3,874 | ||
Sale | KELLER CHRISTINA director | Common Stock | 6 | $32.84 | $197 |
| Quarter | Transcript |
|---|---|
| Q1 2024 25 Apr 2024 | Q1 2024 Earnings Call Transcript |
| Q4 2023 26 Jan 2024 | Q4 2023 Earnings Call Transcript |
| Q3 2023 24 Oct 2023 | Q3 2023 Earnings Call Transcript |
| Q2 2023 25 Jul 2023 | Q2 2023 Earnings Call Transcript |
| Insider | Compensation |
|---|---|
Mr. William Bradford Kessel CPA (1964) Pres, Chief Executive Officer & Director | $1,040,000 |
| Ms. Stefanie M. Kimball (1960) Executive Vice President & Chief Risk Officer | $518,580 |
| Mr. Patrick J. Ervin (1966) Executive Vice President of Mortgage Banking | $488,570 |
| Mr. Gavin A. Mohr (1984) Chief Financial Officer, Executive Vice President, Treasurer & Corporation Sec. | $168,500 |
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What's the price of Independent Bank stock today?
One share of Independent Bank stock can currently be purchased for approximately $31.39.
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When is Independent Bank's next earnings date?
Independent Bank Corporation is estimated to report earnings on Wednesday, 22 Oct 2025.
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Does Independent Bank pay dividends?
Yes, Independent Bank pays dividends and its trailing 12-month yield is 2.77% with 32% payout ratio. The last Independent Bank stock dividend of $0.22 was paid on 15 Feb 2022.
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How much money does Independent Bank make?
Independent Bank has a market capitalization of 728.47M and it's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 1.99% to 200.5M US dollars. Independent Bank earned 59.07M US dollars in net income (profit) last year or $0.65 on an earnings per share basis.
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What is Independent Bank's stock symbol?
Independent Bank Corporation is traded on the NASDAQ under the ticker symbol "IBCP".
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What is Independent Bank's primary industry?
Company operates in the Financial Services sector and Banks - Regional industry.
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How do i buy shares of Independent Bank?
Shares of Independent Bank can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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Who are Independent Bank's key executives?
Independent Bank's management team includes the following people:
- Mr. William Bradford Kessel CPA Pres, Chief Executive Officer & Director(age: 61, pay: $1,040,000)
- Ms. Stefanie M. Kimball Executive Vice President & Chief Risk Officer(age: 65, pay: $518,580)
- Mr. Patrick J. Ervin Executive Vice President of Mortgage Banking(age: 59, pay: $488,570)
- Mr. Gavin A. Mohr Chief Financial Officer, Executive Vice President, Treasurer & Corporation Sec.(age: 41, pay: $168,500)
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How many employees does Independent Bank have?
As Jul 2024, Independent Bank employs 741 workers.
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When Independent Bank went public?
Independent Bank Corporation is publicly traded company for more then 40 years since IPO on 4 Sep 1985.
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What is Independent Bank's official website?
The official website for Independent Bank is independentbank.com.
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Where are Independent Bank's headquarters?
Independent Bank is headquartered at 4200 East Beltline, Grand Rapids, MI.
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How can i contact Independent Bank?
Independent Bank's mailing address is 4200 East Beltline, Grand Rapids, MI and company can be reached via phone at +61 65275820.
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What is Independent Bank stock forecast & price target?
Based on 1 Wall Street analysts` predicted price targets for Independent Bank in the last 12 months, the avarage price target is $37. The average price target represents a 17.87% change from the last price of $31.39.
Independent Bank company profile:
Independent Bank Corporation
independentbank.comExchange:
NASDAQ
Full time employees:
741
Industry:
Banks - Regional
Sector:
Financial Services
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.
4200 East Beltline
Grand Rapids, MI 49525
Grand Rapids, MI 49525
CIK: 0000039311
ISIN: US4538386099
CUSIP: 453838609
