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Independent Bank Corporation, Common Stock

IBCP

NSQ

$30.12

+$0.24

(0.8%)

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.
$598.14M
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.
9.5316
Volume info-icon
This is the total number of shares traded during the most recent trading day.
0
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).
3.45%
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.
0.83
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).
$22.04 L
$40.03 H
$30.12

About Independent Bank Corporation, Common Stock

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan. more

Industry: BanksSector: Financials

Returns

Time FrameIBCPSectorS&P500
1-Week Return4.51%1.61%0.24%
1-Month Return-2.84%-4.97%-7.32%
3-Month Return-12.49%-7.13%-12.05%
6-Month Return-13.8%-2.02%-9.73%
1-Year Return29.83%17.54%5.05%
3-Year Return42.14%25.71%20.03%
5-Year Return132.05%108.35%83.31%
10-Year Return131.69%193.2%153.54%

Financials

Dec '20Dec '21Dec '22Dec '23Dec '245YR TREND
Total Revenue197.52M199.03M204.57M200.50M215.80M[{"date":"2020-12-31","value":91.53,"profit":true},{"date":"2021-12-31","value":92.23,"profit":true},{"date":"2022-12-31","value":94.8,"profit":true},{"date":"2023-12-31","value":92.91,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Cost of Revenue---(94.06M)-[{"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},{"date":"2024-12-31","value":"-","profit":true}]
Gross Profit197.52M199.03M204.57M294.56M215.80M[{"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},{"date":"2024-12-31","value":73.26,"profit":true}]
Gross Margin100.00%100.00%100.00%146.91%100.00%[{"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},{"date":"2024-12-31","value":68.07,"profit":true}]
Operating Expenses(128.04M)(121.72M)(107.34M)109.27M215.80M[{"date":"2020-12-31","value":-59.33,"profit":false},{"date":"2021-12-31","value":-56.4,"profit":false},{"date":"2022-12-31","value":-49.74,"profit":false},{"date":"2023-12-31","value":50.63,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Operating Income69.48M77.31M97.23M91.53M(193.58M)[{"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},{"date":"2024-12-31","value":-199.08,"profit":false}]
Total Non-Operating Income/Expense123.19M109.57M132.40M138.97M442.87M[{"date":"2020-12-31","value":27.82,"profit":true},{"date":"2021-12-31","value":24.74,"profit":true},{"date":"2022-12-31","value":29.9,"profit":true},{"date":"2023-12-31","value":31.38,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Pre-Tax Income69.48M77.31M77.79M73.68M83.05M[{"date":"2020-12-31","value":83.67,"profit":true},{"date":"2021-12-31","value":93.1,"profit":true},{"date":"2022-12-31","value":93.67,"profit":true},{"date":"2023-12-31","value":88.72,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Income Taxes13.33M14.42M14.44M14.61M16.26M[{"date":"2020-12-31","value":81.99,"profit":true},{"date":"2021-12-31","value":88.69,"profit":true},{"date":"2022-12-31","value":88.81,"profit":true},{"date":"2023-12-31","value":89.87,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Income After Taxes56.15M62.90M63.35M59.07M66.79M[{"date":"2020-12-31","value":84.07,"profit":true},{"date":"2021-12-31","value":94.17,"profit":true},{"date":"2022-12-31","value":94.85,"profit":true},{"date":"2023-12-31","value":88.44,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Income From Continuous Operations56.15M62.90M63.35M60.41M66.79M[{"date":"2020-12-31","value":84.07,"profit":true},{"date":"2021-12-31","value":94.17,"profit":true},{"date":"2022-12-31","value":94.85,"profit":true},{"date":"2023-12-31","value":90.45,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Income From Discontinued Operations-----[{"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},{"date":"2024-12-31","value":"-","profit":true}]
Net Income56.15M62.90M63.35M59.07M66.79M[{"date":"2020-12-31","value":84.07,"profit":true},{"date":"2021-12-31","value":94.17,"profit":true},{"date":"2022-12-31","value":94.85,"profit":true},{"date":"2023-12-31","value":88.44,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
EPS (Diluted)2.542.872.972.793.16[{"date":"2020-12-31","value":80.38,"profit":true},{"date":"2021-12-31","value":90.82,"profit":true},{"date":"2022-12-31","value":93.99,"profit":true},{"date":"2023-12-31","value":88.29,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]

Ratios

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) 1.26%
ROE (LTM) 15.55%

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 9.53
Forward PE 12.05
P/S (TTM) 2.90
P/B 1.39
Price/FCF 51
EV/R 3.50
EV/Ebitda NM
PEG 2.33

FAQs

What is Independent Bank Corporation share price today?

Independent Bank Corporation (IBCP) share price today is $30.12

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 $40.03. The 52-week low price of Independent Bank Corporation (IBCP) is $22.04.

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

The price-to-earnings (P/E) ratio of Independent Bank Corporation (IBCP) is 9.5316

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

The price-to-book (P/B) ratio of Independent Bank Corporation (IBCP) is 1.39

What is Independent Bank Corporation dividend yield?

The dividend yield of Independent Bank Corporation (IBCP) is 3.45%

What is the Market Cap of Independent Bank Corporation?

The market capitalization of Independent Bank Corporation (IBCP) is $598.14M

What is Independent Bank Corporation’s stock symbol?

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

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