...
ibcp-img

Independent Bank Corporation, Common Stock

IBCP

NSQ

$37.97

+$0.31

(0.82%)

1D
Industry: Banks Sector: Financials

Analyst Forecast

Price Chart

Key Metrics

Market Cap info-icon
This is a company’s total value as determined by the stock market. It is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share.
$796.48M
P/E Ratio info-icon
This is the ratio of a security’s current share price to its earnings per share. This ratio determines the relative value of a company’s share.
12.9862
Volume info-icon
This is the total number of shares traded during the most recent trading day.
61.85K
Avg Volume info-icon
This is the average number of shares traded during the most recent 30 days.
0
Dividend Yield info-icon
This ratio shows how much income you earn in dividend payouts per year for every dollar invested in the stock (or the stock’s annual dividend payment expressed as a percentage of its current price).
2.53%
Beta info-icon
This measures the expected move in a stock’s price relative to movements in the overall market. The market, such as the S&P 500 Index, has a beta of 1.0. If a stock has a Beta greater (or lower) than 1.0, it suggests that the stock is more (or less) volatile than the broader market.
0.98
52-week Range info-icon
This shows the range of the stock’s price between the 52-week high (the highest price of the stock for the past 52 weeks) and the 52-week low (the lowest price of the stock for the past 52 weeks).
$22.2 L
$40.32 H
$37.97

About Independent Bank Corporation, Common Stock

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

Industry: BanksSector: Financials

Returns

Time FrameIBCPSectorS&P500
1-Week Return-0.13%-1.63%-0.57%
1-Month Return-0.47%-0.38%1.21%
3-Month Return12.94%11.39%7.57%
6-Month Return56.71%21.58%11.45%
1-Year Return54.98%33.28%28.48%
3-Year Return69.28%28.35%29.52%
5-Year Return69.74%61.45%90.66%
10-Year Return204%214.35%203.75%

Financials

Dec '19Dec '20Dec '21Dec '22Dec '235YR TREND
Total Revenue164.10M197.52M199.03M204.57M200.50M[{"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 Profit164.10M197.52M199.03M204.57M294.56M[{"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 Margin100.00%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 Income57.76M69.48M77.31M97.23M91.53M[{"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/Expense180.34M123.19M109.57M132.40M138.97M[{"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 Income57.76M69.48M77.31M77.79M73.68M[{"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 Taxes11.32M13.33M14.42M14.44M14.61M[{"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 Taxes46.44M56.15M62.90M63.35M59.07M[{"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 Operations46.44M56.15M62.90M63.35M60.41M[{"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 Income46.44M56.15M62.90M63.35M59.07M[{"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)2.012.542.872.972.79[{"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}]

Ratios

Liquidity

These ratios help you determine the liquidity of the company. Higher is better.

IBCP
Cash Ratio 0.64
Current Ratio 0.76

Asset Efficiency

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%

Liabilities

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

Valuation

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

FAQs

What is Independent Bank Corporation share price today?

Independent Bank Corporation (IBCP) share price today is $37.97

Can Indians buy Independent Bank Corporation shares?

Yes, Indians can buy shares of Independent Bank Corporation (IBCP) on Vested. To buy Independent Bank Corporation from India, you can open a US Brokerage account on Vested today by clicking on Sign Up or Invest in IBCP stock at the top of this page. The account opening process is completely digital and secure, and takes a few minutes to complete.

Can Fractional shares of Independent Bank Corporation be purchased?

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.

How to invest in Independent Bank Corporation shares from India?

You can invest in shares of Independent Bank Corporation (IBCP) via Vested in three simple steps:

  • Click on Sign Up or Invest in IBCP stock at the top of this page
  • Breeze through our fully digital and secure KYC process and open your US Brokerage account in a few minutes
  • Transfer USD funds to your US Brokerage account and start investing in Independent Bank Corporation shares
What is Independent Bank Corporation 52-week high and low stock price?

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.

What is Independent Bank Corporation price-to-earnings (P/E) ratio?

The price-to-earnings (P/E) ratio of Independent Bank Corporation (IBCP) is 12.9862

What is Independent Bank Corporation price-to-book (P/B) ratio?

The price-to-book (P/B) ratio of Independent Bank Corporation (IBCP) is 1.75

What is Independent Bank Corporation dividend yield?

The dividend yield of Independent Bank Corporation (IBCP) is 2.53%

What is the Market Cap of Independent Bank Corporation?

The market capitalization of Independent Bank Corporation (IBCP) is $796.48M

What is Independent Bank Corporation’s stock symbol?

The stock symbol (or ticker) of Independent Bank Corporation is IBCP

Signup to access all features and start your US investing journey!

  • Open your account in minutes
  • Take your portfolio global, starting at just $1
Get started

Add ticker to compare

Scroll to Top