Independent Bank Corp./$IBCP
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About Independent Bank Corp.
Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.
Ticker
$IBCP
Sector
Primary listing
Industry
Banks
Headquarters
Employees
783
ISIN
US4538386099
Website
IBCP Metrics
BasicAdvanced
$676M
10.39
$3.14
0.81
$1.00
3.19%
Price and volume
Market cap
$676M
Beta
0.81
52-week high
$34.35
52-week low
$26.75
Average daily volume
68K
Dividend rate
$1.00
Financial strength
Dividend payout ratio (TTM)
30.87%
Profitability
Net profit margin (TTM)
30.24%
Operating margin (TTM)
38.79%
Effective tax rate (TTM)
19.38%
Revenue per employee (TTM)
$280,000
Management effectiveness
Return on assets (TTM)
1.26%
Return on equity (TTM)
15.04%
Valuation
Price to earnings (TTM)
10.389
Price to revenue (TTM)
3.107
Price to book
1.46
Price to tangible book (TTM)
1.56
Price to free cash flow (TTM)
10.394
Free cash flow yield (TTM)
9.62%
Free cash flow per share (TTM)
313.85%
Dividend yield (TTM)
3.07%
Forward dividend yield
3.19%
Growth
Revenue change (TTM)
6.57%
Earnings per share change (TTM)
6.77%
3-year revenue growth (CAGR)
2.36%
3-year earnings per share growth (CAGR)
4.99%
10-year earnings per share growth (CAGR)
14.66%
3-year dividend per share growth (CAGR)
4.86%
10-year dividend per share growth (CAGR)
15.11%
Bulls say / Bears say
Independent Bank reported a 35% increase in Q4 2024 net income to $18.5 million, indicating strong financial performance. (tipranks.com)
The company achieved a 10% annualized growth rate in its loan portfolio during Q4 2024, with commercial loans growing at a 24% annualized rate, showcasing robust lending activity. (tipranks.com)
Independent Bank's Board approved an 8% increase in the quarterly dividend for 2025, marking the twelfth consecutive annual increase, reflecting confidence in sustained profitability. (tipranks.com)
Piper Sandler lowered its price target for Independent Bank from $38.00 to $36.00, indicating potential concerns about future performance. (americanbankingnews.com)
Keefe, Bruyette & Woods reduced their target price on Independent Bank from $37.00 to $35.00, suggesting a cautious outlook. (marketbeat.com)
The company experienced a decline in core deposits by $43 million during Q4 2024, with business deposits decreasing by $67 million and municipal deposits by $24 million, which could impact liquidity. (tipranks.com)
Data summarised monthly by Lightyear AI. Last updated on 7 Jun 2025.
IBCP News
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FAQs
What’s the current market cap for Independent Bank Corp. stock?
Independent Bank Corp. (IBCP) has a market cap of $676M as of June 30, 2025.
What is the P/E ratio for Independent Bank Corp. stock?
The price to earnings (P/E) ratio for Independent Bank Corp. (IBCP) stock is 10.39 as of June 30, 2025.
Does Independent Bank Corp. stock pay dividends?
Yes, the Independent Bank Corp. (IBCP) stock pays dividends to shareholders. As of June 30, 2025, the dividend rate is $1 and the yield is 3.19%. Independent Bank Corp. has a payout ratio of 30.87% on a trailing twelve-month basis.
When is the next Independent Bank Corp. dividend payment date?
The next Independent Bank Corp. (IBCP) dividend payment date is unconfirmed.
What is the beta indicator for Independent Bank Corp.?
Independent Bank Corp. (IBCP) has a beta rating of 0.81. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.