Independent Bank Corporation
Independent Bank Corporation
Your view on IBCP
Overview
What the company does, where it operates, and who runs it.
About Independent Bank Corporation
- Industry
- Banks - Regional
- Sector
- Financial Services
- CEO
- William Bradford Kessel CPA
- Headquarters
- 4200 East Beltline, Grand Rapids, MI, US
- Industry
- Banks - Regional
- Sector
- Financial Services
- CEO
- William Bradford Kessel CPA
- Headquarters
- 4200 East Beltline, Grand Rapids, MI, US
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses.
The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services.
The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Media
Infographics, videos, and posts covering the company.
Stock Data
Price chart, volume, and trading data.
Fair Value
What FRC thinks it is worth vs. the current price.
FRC's fair value estimate for Independent Bank Corporation, and the rating behind it. IBCP last traded at $37.07, 10.6× trailing earnings — the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.
Financial Ratios
Profitability, returns, valuation, and leverage ratios.
Valuation, profitability, liquidity and leverage ratios for Independent Bank Corporation. Starting points for Independent Bank Corporation: P/E 10.6, EPS $3.48, beta 0.69 — an Banks - Regional name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.
Dividend Analysis
Yield, payout ratio, and dividend coverage metrics.
Dividend history, yield and payout sustainability for Independent Bank Corporation. Independent Bank Corporation paid $1.10 per share over the last year — a 3.0% yield at the current $37.07 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.
Earnings Analysis
EPS history, beat rate, and upcoming earnings reports.
Reported vs. expected earnings history for Independent Bank Corporation. Trailing twelve-month EPS for Independent Bank Corporation stands at $3.48. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.
Financial Statements
Income statement, balance sheet, and cash flow statements.
Income statement, balance sheet and cash flow history for Independent Bank Corporation. Independent Bank Corporation has reported as a listed company since 1985. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.
Comparables
List of peer companies in the same industry.
Independent Bank Corporation valued side by side against its closest peers. Independent Bank Corporation is measured against Banks - Regional peers within the Financial Services sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.
Institutional Ownership
PremiumWhich funds and firms own the stock.
Which institutions hold Independent Bank Corporation, and how their positions are changing. At a $763.9M market value, institutional positions materially move Independent Bank Corporation's register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.
Insider Trading
PremiumRecent buying and selling by company executives.
Buying and selling by Independent Bank Corporation executives and directors. Shares of Independent Bank Corporation have traded between $26.75 and $40.32 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.
Senate Trading
PremiumU.S. Senator disclosures filed under the STOCK Act.
U.S. Senate disclosures naming Independent Bank Corporation. Independent Bank Corporation is a $763.9M Financial Services company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.
House Trading
PremiumU.S. Representative disclosures filed under the STOCK Act.
U.S. House of Representatives disclosures naming Independent Bank Corporation. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.
News
Latest headlines and market coverage.
Latest headlines and company announcements for Independent Bank Corporation. Coverage tracks Independent Bank Corporation within Banks - Regional (Financial Services). Press releases and market coverage, newest first.