IBCP

Independent Bank Corp (Ionia, MI)

36.57

Oct 30 • 3:59 PM ET -0.53 (-1.43%)

36.57

Aftermarket • 7:30 PM ET 0.00 (0.00%)

Financial Banks - Regional USA Small NASD

Peers: MBWM COFS HBNC ISBA LKFN FRME FMNB CIVB FMAO MSBI

| Held by: AVUV VTI SCHD IWM DFAT KRE VXF IWN DFAS VIG

Scroll to Statements

Index	RUT
Market Cap	811.83M
Enterprise Value	-
Income	72.10M
Sales	331.57M
Book/sh	26.14
Cash/sh	-
Dividend Est.	1.12 (3.06%)
Dividend TTM	1.10 (3.01%)
Dividend Ex-Date	Nov 03, 2026
Dividend Gr. 3/5Y	5.73% 5.39%
Payout	31.81%
Employees	826
IPO	Sep 04, 1985

P/E	10.74
Forward P/E	9.22
PEG	1.15
P/S	2.45
P/B	1.40
P/C	-
P/FCF	31.39
EV/EBITDA	-
EV/Sales	-
Quick Ratio	-
Current Ratio	0.16
Debt/Eq	0.08
LT Debt/Eq	0.08
Option/Short	Yes / Yes

EPS (ttm)	3.41
EPS next Y	3.97
EPS next Q	0.93
EPS this Y	2.64%
EPS next Y	16.03%
EPS next 5Y	8.02%
EPS past 3/5Y	3.20% 5.29%
Sales past 3/5Y	10.44% 7.90%
EPS Y/Y TTM	4.63%
Sales Y/Y TTM	2.87%
EPS Q/Q	-4.59%
Sales Q/Q	14.60%
Earnings	Oct 27 BMO
EPS/Sales Surpr.	-2.95% 3.20%

Insider Own	4.61%
Insider Trans	-0.65%
Inst Own	80.62%
Inst Trans	2.24%
ROA	1.23%
ROE	13.50%
ROIC	11.61%
Gross Margin	-
Oper. Margin	26.68%
Profit Margin	21.75%
SMA20	1.39%
SMA50	0.80%
SMA200	3.30%
Trades

Shs Outstand	22.08M
Shs Float	21.18M
Short Float	3.16%
Short Ratio	3.48
Short Interest	0.67M
52W High	39.24 -6.80%
52W Low	29.83 22.59%
Volatility	2.68% 2.04%
ATR (14)	0.78
RSI (14)	53.27
Beta	0.73
Rel Volume	0.66
Avg Volume	192.11K
Volume	127,012

Perf Week	-1.11%
Perf Month	2.81%
Perf Quarter	-4.96%
Perf Half Y	8.81%
Perf YTD	12.42%
Perf Year	17.93%
Perf 3Y	86.30%
Perf 5Y	62.32%
Perf 10Y	117.55%
Recom	2.20
Target Price	41.20
Prev Close	37.10
Price	36.57
Change %	-1.43%

Consensus

Buy

Avg. Price Target

$41.20

Implied Upside

+12.7%

Analysts6incl. previous ratings

Rating Distribution2 Buy · 4 Hold · 0 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Oct 02, 2026	Upgrade	PPiper Sandler	Neutral → Overweight	$42	+14.8%
Jul 10, 2026	Upgrade	HHovde Group	Market Perform → Outperform
Mar 04, 2024	Resumed	HHovde Group	Market Perform
Dec 13, 2022	Downgrade	KKeefe Bruyette	Outperform → Mkt Perform	$26	-28.9%
Oct 02, 2020	Resumed	BBoenning & Scattergood	Neutral
Jan 17, 2020	Downgrade	DDA Davidson	Buy → Neutral	$26 → $24	-34.4%
Jul 06, 2017	Initiated	DDA Davidson	Neutral	$23	-37.1%
Sep 23, 2016	Initiated	HHovde Group	Market Perform	$17.50	-52.1%
Aug 11, 2015	Downgrade	FFIG Partners	Outperform → Market Perform

Oct-27-26 02:29PM	Independent Bank Tops Estimates As Organic Growth And Margin Accelerate, But Credit Creep And Slow Cost Saves Cloud The Highpoint Debut (Earnings Whispers)
05:08AM	Independent Bank: Q3 Earnings Snapshot (Associated Press)
05:00AM	Independent Bank Corporation Reports 2026 Third Quarter Earnings of $0.80 Per Diluted Share (GlobeNewswire)
Oct-20-26 04:00PM	Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock (GlobeNewswire)
Sep-29-26 06:21PM	Independent Bank Corporation Announces Date for Its Third Quarter 2026 Earnings Release (GlobeNewswire)
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Jul-23-26 07:01PM	Independent Bank Corp. (IBCP) Q2 2026 Earnings Call Highlights: Strong Net Income and Loan ... (GuruFocus.com)
05:13AM	Independent Bank: Q2 Earnings Snapshot (Associated Press)
05:00AM	Independent Bank Corporation Reports 2026 Second Quarter Earnings of $0.90 per Diluted Share (GlobeNewswire)
Jul-22-26 09:25AM	Independent Bank Corp. (IBCP) Q2 2026 Earnings Report Preview: What To Expect (GuruFocus.com)
08:30AM	Independent Bank Corporation Appoints Nathan E. Tagg to Its Board of Directors (GlobeNewswire)
Jul-21-26 04:05PM	Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock (GlobeNewswire)
Jul-06-26 08:00AM	Independent Bank Corporation Announces Date for Its Second Quarter 2026 Earnings Release (GlobeNewswire)
Jul-01-26 08:00AM	Independent Bank Corporation Announces Completion of the HCB Financial Corp. and Highpoint Community Bank Acquisition (GlobeNewswire)
Jun-18-26 01:17PM	Independent Bank Corporation Announces Shareholder Approval to Acquire HCB Financial Corp. and Highpoint Community Bank (GlobeNewswire)
Jun-12-26 08:00AM	Independent Bank Corporation Announces Regulatory Approvals to Acquire HCB Financial Corp. and Highpoint Community Bank (GlobeNewswire)
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Apr-24-26 03:12AM	Independent Bank Corp. (IBCP) Q1 2026 Earnings Call Highlights: Strong Income Growth and ... (GuruFocus.com)
Apr-23-26 08:08AM	Independent Bank: Q1 Earnings Snapshot (Associated Press)
08:00AM	Independent Bank Corporation Reports 2026 First Quarter Earnings of $0.81 Per Diluted Share (GlobeNewswire)
Apr-22-26 09:37AM	Independent Bank Corp. (IBCP) Q1 2026 Earnings Report Preview: What To Look For (GuruFocus.com)
Apr-21-26 01:37PM	Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock (GlobeNewswire)
Mar-31-26 12:37PM	Independent Bank Corporation Announces Date for Its First Quarter 2026 Earnings Release (GlobeNewswire)
Mar-18-26 05:00PM	Independent Bank Corporation and HCB Financial Corp. Announce Definitive Merger Agreement (GlobeNewswire)
Jan-22-26 06:01PM	Independent Bank Corp (Ionia MI) (IBCP) Q4 2025 Earnings Call Highlights: Navigating Growth ... (GuruFocus.com)
12:07PM	Independent Bank Q4 Earnings Call Highlights (MarketBeat)
10:00AM	Compared to Estimates, Independent Bank (IBCP) Q4 Earnings: A Look at Key Metrics (Zacks)
08:15AM	Independent Bank: Q4 Earnings Snapshot (Associated Press Finance)
08:00AM	Independent Bank Corporation Reports Fourth Quarter Earnings Of $0.89 Per Diluted Share; Board Authorizes 5% Stock Repurchase Plan (GlobeNewswire)
Jan-21-26 09:15AM	Exploring Analyst Estimates for Independent Bank (IBCP) Q4 Earnings, Beyond Revenue and EPS (Zacks) +5.07%
07:18AM	Independent Bank Corp (Ionia MI) (IBCP) Q4 2025 Earnings Report Preview: What To Expect (GuruFocus.com)
Jan-16-26 08:25AM	Independent Bank Corporation Announces 7.7% Increase in Quarterly Cash Dividend on Common Stock (GlobeNewswire)
08:00AM	Loading…
Jan-02-26 08:00AM	Independent Bank Corporation Announces Appointment of Michael J. Stodolak as Executive Vice President Retail Banking following the Retirement of Russ Daniel (GlobeNewswire)
Dec-31-25 12:45PM	Independent Bank Corporation Announces Date for Its Fourth Quarter 2025 Earnings Release (GlobeNewswire)
Dec-19-25 04:23PM	Independent Bank Corporation Appoints Michael G. Wooldridge To Its Board of Directors (GlobeNewswire)
Dec-16-25 02:45PM	Independent Bank Corporation Announces the Adoption of its 2026 Share Repurchase Plan (GlobeNewswire)
Oct-30-25 03:18PM	Independent Bank Corp (Ionia MI) (IBCP) Q3 2025 Earnings Call Highlights: Strong Net Income ... (GuruFocus.com)
Oct-28-25 10:30AM	Independent Bank (IBCP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates (Zacks)
09:05AM	Independent Bank (IBCP) Beats Q3 Earnings Estimates (Zacks)
08:07AM	Independent Bank: Q3 Earnings Snapshot (Associated Press Finance)
07:59AM	Independent Bank Corporation Reports 2025 Third Quarter Results (GlobeNewswire)
Oct-27-25 05:45PM	Enterprise Financial Services (EFSC) Q3 Earnings Lag Estimates (Zacks)
09:40AM	Independent Bank Corp (Ionia MI) (IBCP) Q3 2025: Everything You Need to Know Ahead of Earnings (GuruFocus.com)
Oct-22-25 08:55AM	Farmers National Banc (FMNB) Q3 Earnings and Revenues Beat Estimates (Zacks)
Oct-21-25 01:49PM	Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock (GlobeNewswire)
Oct-20-25 11:45AM	Independent Bank (IBCP) Could Be a Great Choice (Zacks)
Oct-03-25 11:45AM	Are You Looking for a High-Growth Dividend Stock? (Zacks)
Sep-29-25 12:17PM	Independent Bank Corporation Announces Date for Its Third Quarter 2025 Earnings Release (GlobeNewswire)
Sep-17-25 11:45AM	Why Independent Bank (IBCP) is a Great Dividend Stock Right Now (Zacks)
Sep-01-25 11:45AM	Why Independent Bank (IBCP) is a Top Dividend Stock for Your Portfolio (Zacks)
Aug-15-25 01:01PM	Independent Bank Corporation Expresses Deepest Sympathy on the Passing of Past Chairman of the Board of Directors Michael M. Magee, Jr. (GlobeNewswire)
Aug-14-25 11:45AM	Independent Bank (IBCP) is a Top Dividend Stock Right Now: Should You Buy? (Zacks)
Aug-12-25 12:18PM	Federal Home Loan Bank of Indianapolis presents annual Community Spirit Award to Michigan lender for affordable housing achievements (GlobeNewswire)
Jul-29-25 11:45AM	Independent Bank (IBCP) Could Be a Great Choice (Zacks)
Jul-25-25 07:02AM	Independent Bank: Q2 Earnings Snapshot (Associated Press Finance)
03:18AM	Independent Bank Corp (Ionia MI) (IBCP) Q2 2025 Earnings Call Highlights: Navigating Growth ... (GuruFocus.com)
Jul-24-25 09:30AM	Independent Bank (IBCP) Surpasses Q2 Earnings Estimates (Zacks)
08:00AM	Independent Bank Corporation Reports 2025 Second Quarter Results (GlobeNewswire)
Jul-23-25 09:56AM	Independent Bank Corp (Ionia MI) (IBCP) Q2 2025 Earnings Report Preview: What To Expect (GuruFocus.com)
Jul-22-25 06:15PM	First Busey (BUSE) Q2 Earnings and Revenues Top Estimates (Zacks)
02:27PM	Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock (GlobeNewswire)
Jul-17-25 10:00AM	Earnings Preview: Independent Bank (IBCP) Q2 Earnings Expected to Decline (Zacks)
Jun-26-25 03:33PM	Independent Bank Corporation Announces Date for Its Second Quarter 2025 Earnings Release (GlobeNewswire)
May-27-25 12:00PM	What Makes Independent Bank (IBCP) a New Buy Stock (Zacks)
Apr-26-25 01:53AM	Dividend Champion, Contender, And Challenger Highlights: Week Of April 27 (Seeking Alpha)
Apr-24-25 03:23PM	Independent Bank Corporation (IBCP) Q1 2025 Earnings Call Transcript (Seeking Alpha)
10:00AM	Here's What Key Metrics Tell Us About Independent Bank (IBCP) Q1 Earnings (Zacks)
09:15AM	Independent Bank (IBCP) Beats Q1 Earnings Estimates (Zacks)
08:00AM	Independent Bank Corporation Reports 2025 First Quarter Results (GlobeNewswire)
Apr-22-25 06:30PM	First Busey (BUSE) Surpasses Q1 Earnings Estimates (Zacks)
11:00AM	Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock (GlobeNewswire)
Apr-10-25 08:59AM	Old National Bancorp (ONB) Moves 9.8% Higher: Will This Strength Last? (Zacks)
Mar-28-25 02:24PM	Independent Bank Corporation Announces Date for Its First Quarter 2025 Earnings Release (GlobeNewswire)
Jan-24-25 02:04AM	Independent Bank Corp (Ionia MI) (IBCP) Q4 2024 Earnings Call Highlights: Strong Loan Growth ... (GuruFocus.com)
Jan-23-25 07:59AM	Independent Bank Corporation Reports 2024 Fourth Quarter Results (GlobeNewswire)
Jan-22-25 07:08AM	What To Expect From Independent Bank Corp (Ionia MI) (IBCP) Q4 2024 Earnings (GuruFocus.com)
Jan-10-25 09:16AM	Independent Bank Corporation Announces 8% Increase in Quarterly Cash Dividend on Common Stock (GlobeNewswire)
Jan-02-25 12:00PM	Independent Bank Corporation Announces Appointment of New Chief Operating Officer (GlobeNewswire)
Dec-23-24 02:27PM	UPDATE -- Independent Bank Corporation Announces Date for its Fourth Quarter 2024 Earnings Release (GlobeNewswire)
Dec-20-24 04:19PM	Independent Bank Corporation Announces Date for its Fourth Quarter 2024 Earnings Release (GlobeNewswire)
Dec-17-24 12:41PM	Independent Bank Corporation Announces the Adoption of its 2025 Share Repurchase Plan (GlobeNewswire)
Oct-25-24 03:17AM	Independent Bank Corp (Ionia MI) (IBCP) Q3 2024 Earnings Call Highlights: Navigating Growth ... (GuruFocus.com)
Oct-24-24 07:59AM	Independent Bank Corporation Reports 2024 Third Quarter Results (GlobeNewswire)
Oct-23-24 09:10AM	Independent Bank Corp (Ionia MI) (IBCP) Q3 2024 Earnings Report Preview: What To Look For (GuruFocus.com)
09:00AM	Independent Bank Transforms IT Operations with AI Agents Using Generative Integration from SnapLogic (Business Wire)
Oct-22-24 10:03AM	Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock (GlobeNewswire)
Sep-23-24 12:51PM	Independent Bank Corporation Announces Date for Its Third Quarter 2024 Earnings Release (GlobeNewswire)
Jul-25-24 07:59AM	Independent Bank Corporation Reports 2024 Second Quarter Results (GlobeNewswire) +5.69%
Jul-23-24 10:29AM	Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock (GlobeNewswire)
Jun-28-24 12:26PM	Independent Bank Corporation Announces Date for Its Second Quarter 2024 Earnings Release (GlobeNewswire) +5.88%
Apr-30-24 11:06AM	Independent Bank Corporation (NASDAQ:IBCP) Q1 2024 Earnings Call Transcript (Insider Monkey)
Apr-25-24 09:34AM	Independent Bank Corp (Ionia MI) Reports Q1 2024 Earnings: Surpasses Analyst Projections (GuruFocus.com)
07:59AM	Independent Bank Corporation Reports 2024 First Quarter Results (GlobeNewswire)
Apr-23-24 12:10PM	Independent Bank Corporation Announces Appointment of Stephen L. Gulis, Jr. as Chairperson to Its Board of Directors (GlobeNewswire)
09:54AM	Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock (GlobeNewswire)
Apr-02-24 04:55PM	Independent Bank Corporation Announces Date for Its First Quarter 2024 Earnings Release (GlobeNewswire)
Jan-30-24 08:32AM	Independent Bank Corporation (NASDAQ:IBCP) Q4 2023 Earnings Call Transcript (Insider Monkey)
Jan-25-24 08:55AM	Independent Bank Corp (Ionia MI) Reports Modest Earnings Amid Economic Challenges (GuruFocus.com)
07:59AM	Independent Bank Corporation Reports 2023 Fourth Quarter Results (GlobeNewswire)
Jan-23-24 10:16AM	Independent Bank Corporation Announces 4% Increase in Quarterly Cash Dividend on Common Stock (GlobeNewswire)
Dec-22-23 11:13AM	Independent Bank Corporation Announces Date for Its Fourth Quarter 2023 Earnings Release (GlobeNewswire)
Dec-19-23 12:38PM	Independent Bank Corporation Announces the Adoption of Its 2024 Share Repurchase Plan (GlobeNewswire)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Kessel William B	President & CEO	Sep 15 '26	Sale	37.28	2,000	74,559	157,836	Sep 16 09:01 AM
Kessel William B	Officer	Sep 15 '26	Proposed Sale	37.28	2,000	74,558		Sep 15 04:06 PM
Kreter Kristopher	First Vice Pres. & Controller	Aug 19 '26	Sale	37.11	300	11,133	2,207	Aug 20 10:43 AM
TWAROZYNSKI JAMES J	Senior Vice President	Aug 10 '26	Sale	37.67	489	18,420	8,195	Aug 10 04:00 PM
Ervin Patrick J	Executive Vice President	Jun 09 '26	Sale	35.40	2,500	88,505	34,720	Jun 10 08:16 AM
Ervin Patrick J	Officer	Jun 09 '26	Proposed Sale	34.75	2,500	86,875		Jun 09 03:26 PM
Kimball Stefanie M	Executive Vice President	May 29 '26	Sale	34.41	1,400	48,181	64,327	May 29 04:14 PM
Kruse Ronia F	Director	Feb 24 '26	Buy	35.27	1,200	42,324	2,200	Feb 27 03:43 PM
Ervin Patrick J	Executive Vice President	Dec 12 '25	Sale	34.64	3,000	103,922	34,157	Dec 16 10:20 AM
Ervin Patrick J	Officer	Dec 12 '25	Proposed Sale	34.87	3,000	104,610		Dec 12 12:16 PM
Archer Dennis W. Jr	Director	Nov 21 '25	Buy	31.57	500	15,787	11,500	Nov 24 11:15 AM
TWAROZYNSKI JAMES J	Senior Vice President	Nov 21 '25	Sale	31.64	486	15,375	8,436	Nov 21 04:37 PM

Independent Bank Corp. operates as a bank holding company, which engages in the provision of financial services. It offers commercial banking, mortgage lending, investments, and title services. The company was founded in 1864 and is headquartered in Grand Rapids, MI.

PresidentMr. William Bradford Kessel CPA

CFOMr. Gavin A. Mohr

Executive VP & Chief Risk OfficerMs. Stefanie M. Kimball

Executive Vice President of Mortgage BankingMr. Patrick J. Ervin

Executive VP of Commercial Lending & Chief Lending OfficerMr. Joel F. Rahn

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IBCP

Independent Bank Corp (Ionia, MI)

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