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Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan. more
Time Frame | IBCP | Sector | S&P500 |
---|---|---|---|
1-Week Return | -0.13% | -1.63% | -0.57% |
1-Month Return | -0.47% | -0.38% | 1.21% |
3-Month Return | 12.94% | 11.39% | 7.57% |
6-Month Return | 56.71% | 21.58% | 11.45% |
1-Year Return | 54.98% | 33.28% | 28.48% |
3-Year Return | 69.28% | 28.35% | 29.52% |
5-Year Return | 69.74% | 61.45% | 90.66% |
10-Year Return | 204% | 214.35% | 203.75% |
Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | 5YR TREND | |
---|---|---|---|---|---|---|
Total Revenue | 164.10M | 197.52M | 199.03M | 204.57M | 200.50M | [{"date":"2019-12-31","value":80.21,"profit":true},{"date":"2020-12-31","value":96.55,"profit":true},{"date":"2021-12-31","value":97.29,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":98.01,"profit":true}] |
Cost of Revenue | - | - | - | - | (94.06M) | [{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":-9405600000,"profit":false}] |
Gross Profit | 164.10M | 197.52M | 199.03M | 204.57M | 294.56M | [{"date":"2019-12-31","value":55.71,"profit":true},{"date":"2020-12-31","value":67.06,"profit":true},{"date":"2021-12-31","value":67.57,"profit":true},{"date":"2022-12-31","value":69.45,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 146.91% | [{"date":"2019-12-31","value":68.07,"profit":true},{"date":"2020-12-31","value":68.07,"profit":true},{"date":"2021-12-31","value":68.07,"profit":true},{"date":"2022-12-31","value":68.07,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Operating Expenses | (106.34M) | (128.04M) | (121.72M) | (107.34M) | 109.27M | [{"date":"2019-12-31","value":-97.31,"profit":false},{"date":"2020-12-31","value":-117.18,"profit":false},{"date":"2021-12-31","value":-111.39,"profit":false},{"date":"2022-12-31","value":-98.23,"profit":false},{"date":"2023-12-31","value":100,"profit":true}] |
Operating Income | 57.76M | 69.48M | 77.31M | 97.23M | 91.53M | [{"date":"2019-12-31","value":59.4,"profit":true},{"date":"2020-12-31","value":71.46,"profit":true},{"date":"2021-12-31","value":79.51,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":94.13,"profit":true}] |
Total Non-Operating Income/Expense | 180.34M | 123.19M | 109.57M | 132.40M | 138.97M | [{"date":"2019-12-31","value":100,"profit":true},{"date":"2020-12-31","value":68.31,"profit":true},{"date":"2021-12-31","value":60.75,"profit":true},{"date":"2022-12-31","value":73.42,"profit":true},{"date":"2023-12-31","value":77.06,"profit":true}] |
Pre-Tax Income | 57.76M | 69.48M | 77.31M | 77.79M | 73.68M | [{"date":"2019-12-31","value":74.25,"profit":true},{"date":"2020-12-31","value":89.32,"profit":true},{"date":"2021-12-31","value":99.39,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":94.71,"profit":true}] |
Income Taxes | 11.32M | 13.33M | 14.42M | 14.44M | 14.61M | [{"date":"2019-12-31","value":77.52,"profit":true},{"date":"2020-12-31","value":91.24,"profit":true},{"date":"2021-12-31","value":98.69,"profit":true},{"date":"2022-12-31","value":98.82,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Income After Taxes | 46.44M | 56.15M | 62.90M | 63.35M | 59.07M | [{"date":"2019-12-31","value":73.3,"profit":true},{"date":"2020-12-31","value":88.64,"profit":true},{"date":"2021-12-31","value":99.28,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":93.24,"profit":true}] |
Income From Continuous Operations | 46.44M | 56.15M | 62.90M | 63.35M | 60.41M | [{"date":"2019-12-31","value":73.3,"profit":true},{"date":"2020-12-31","value":88.64,"profit":true},{"date":"2021-12-31","value":99.28,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":95.36,"profit":true}] |
Income From Discontinued Operations | - | - | - | - | - | [{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}] |
Net Income | 46.44M | 56.15M | 62.90M | 63.35M | 59.07M | [{"date":"2019-12-31","value":73.3,"profit":true},{"date":"2020-12-31","value":88.64,"profit":true},{"date":"2021-12-31","value":99.28,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":93.24,"profit":true}] |
EPS (Diluted) | 2.01 | 2.54 | 2.87 | 2.97 | 2.79 | [{"date":"2019-12-31","value":67.68,"profit":true},{"date":"2020-12-31","value":85.52,"profit":true},{"date":"2021-12-31","value":96.63,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":93.94,"profit":true}] |
These ratios help you determine the liquidity of the company. Higher is better.
IBCP | |
---|---|
Cash Ratio | 0.64 |
Current Ratio | 0.76 |
These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.
IBCP | |
---|---|
ROA (LTM) | 1.19% |
ROE (LTM) | 15.01% |
These ratios help you understand the company's liabilities, gauging the riskiness of the investment.
IBCP | |
---|---|
Debt Ratio Lower is generally better. Negative is bad. | 0.91 |
Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. | 0.09 |
These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.
IBCP | |
---|---|
Trailing PE | 12.91 |
Forward PE | 12.95 |
P/S (TTM) | 3.81 |
P/B | 1.75 |
Price/FCF | 50 |
EV/R | 4.30 |
EV/Ebitda | NM |
PEG | 2.33 |
Independent Bank Corporation (IBCP) share price today is $37.97
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Yes, you can purchase fractional shares of Independent Bank Corporation (IBCP) via the Vested app. You can start investing in Independent Bank Corporation (IBCP) with a minimum investment of $1.
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The 52-week high price of Independent Bank Corporation (IBCP) is $40.32. The 52-week low price of Independent Bank Corporation (IBCP) is $22.2.
The price-to-earnings (P/E) ratio of Independent Bank Corporation (IBCP) is 12.9862
The price-to-book (P/B) ratio of Independent Bank Corporation (IBCP) is 1.75
The dividend yield of Independent Bank Corporation (IBCP) is 2.53%
The market capitalization of Independent Bank Corporation (IBCP) is $796.48M
The stock symbol (or ticker) of Independent Bank Corporation is IBCP