IBCP
Financial ServicesIndependent Bank Corporation
$32.84
+$0.65 (+2.02%)
Jan 5, 2026
Price History (1Y)
Analysis
Independent Bank Corporation is a company within the Financial Services sector and Banks - Regional industry. With a market capitalization of $680.10M, it operates on a moderate scale compared to other companies in its sector. The company's financial health is characterized by high profitability margins, with an operating margin of 39.4% and a profit margin of 30.7%. Independent Bank Corporation also generates significant returns for shareholders, boasting a return on equity (ROE) of 14.5% and a return on assets (ROA) of 1.3%. The company's balance sheet is notable for its substantial cash reserves, totaling $240.79M, which significantly outweigh its debt of $69.30M. Independent Bank Corporation's valuation context is reflected in its price-to-earnings ratio, both trailing twelve months and forward, at 9.89 and 9.66 respectively. The company has experienced revenue growth of 10.9% year-over-year and earnings growth of 29.2%. A dividend yield of 323.0% is also noteworthy, although the payout ratio stands at 31.4%.
This analysis is AI-generated for informational purposes only and should not be considered financial advice. Data may be delayed or inaccurate. Always do your own research and consult a qualified financial advisor before making investment decisions.
About Independent Bank Corporation
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.
Visit website →Key Statistics
- Market Cap
- $680.10M
- P/E Ratio
- 9.89
- 52-Week High
- $37.13
- 52-Week Low
- $26.75
- Avg Volume
- 135.06K
- Beta
- 0.79
- Dividend Yield
- 323.00%
Company Info
- Industry
- Banks - Regional
- Exchange
- NMS
- Country
- United States
- Employees
- 732