Independent Bank Corporation (IBCP)

Market Cap	647.22M
Revenue (ttm)	218.14M
Net Income (ttm)	66.79M
Shares Out	20.97M
EPS (ttm)	3.16
PE Ratio	9.77
Forward PE	9.92
Dividend	$1.04 (3.37%)
Ex-Dividend Date	Feb 4, 2025

Volume	35,666
Open	31.42
Previous Close	31.54
Day's Range	30.66 - 31.69
52-Week Range	22.53 - 40.32
Beta	1.03
Analysts	Hold
Price Target	39.17 (+26.93%)
Earnings Date	Apr 24, 2025

About IBCP

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 fin...

• Industry: Banks - Regional
• Sector: Financials
• Founded: 1864
• Employees: 834
• Stock Exchange: NASDAQ
• Ticker Symbol: IBCP
• Website: https://www.independentbank.com

Financial Performance

In 2024, Independent Bank's revenue was $218.14 million, an increase of 8.64% compared to the previous year's $200.80 million. Earnings were $66.79 million, an increase of 13.07%.

Analyst Forecast

According to 3 analysts, the average rating for IBCP stock is "Hold." The 12-month stock price forecast is $39.17, which is an increase of 26.93% from the latest price.

Price Target

$39.17

(26.93% upside)

Analyst Consensus: Hold