Independent Bank Corporation (IBCP)

NASDAQ: IBCP · IEX Real-Time Price · USD
28.27
+0.32 (1.14%)
Jul 12, 2024, 4:00 PM EDT - Market closed
1.14%
Market Cap 590.91M
Revenue (ttm) 205.98M
Net Income (ttm) 62.07M
Shares Out 20.90M
EPS (ttm) 2.94
PE Ratio 9.62
Forward PE 9.62
Dividend $0.96 (3.40%)
Ex-Dividend Date May 2, 2024
Volume 77,166
Open 28.27
Previous Close 27.95
Day's Range 27.83 - 28.68
52-Week Range 16.90 - 28.62
Beta 1.00
Analysts Hold
Price Target 24.50 (-13.34%)
Earnings Date Jul 25, 2024

About IBCP

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branc... [Read more]

Sector Financials
Founded 1864
Employees 741
Stock Exchange NASDAQ
Ticker Symbol IBCP
Full Company Profile

Financial Performance

In 2023, IBCP's revenue was $200.80 million, a decrease of -2.59% compared to the previous year's $206.13 million. Earnings were $59.07 million, a decrease of -6.76%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for IBCP stock is "Hold." The 12-month stock price forecast is $24.5, which is a decrease of -13.34% from the latest price.

Price Target
$24.5
(-13.34% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Independent Bank Corporation Announces Date for Its Second Quarter 2024 Earnings Release

GRAND RAPIDS, Mich., June 28, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects ...

16 days ago - GlobeNewsWire

Independent Bank Corporation Reports 2024 First Quarter Results

First Quarter Highlights Highlights for the first quarter of 2024 include: Increases in net income and diluted earnings per share of 23.1% and 24.6%, respectively, over first quarter of 2023; An incre...

2 months ago - GlobeNewsWire

Independent Bank Corporation Announces Appointment of Stephen L. Gulis, Jr. as Chairperson to Its Board of Directors

GRAND RAPIDS, Mich., April 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board ...

2 months ago - GlobeNewsWire

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., April 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its ...

2 months ago - GlobeNewsWire

Independent Bank Corporation Announces Date for Its First Quarter 2024 Earnings Release

GRAND RAPIDS, Mich., April 02, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects...

3 months ago - GlobeNewsWire

Independent Bank Corporation Reports 2023 Fourth Quarter Results

Fourth Quarter Highlights Highlights for the fourth quarter of 2023 include: An increase in net interest income of $0.7 million (1.7%) over the third quarter of 2023; An increase in book value and tan...

6 months ago - GlobeNewsWire

Independent Bank Corporation Announces 4% Increase in Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its B...

6 months ago - GlobeNewsWire

Independent Bank Corporation Announces Date for Its Fourth Quarter 2023 Earnings Release

GRAND RAPIDS, Mich., Dec. 22, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects ...

7 months ago - GlobeNewsWire

Independent Bank Corporation Announces the Adoption of Its 2024 Share Repurchase Plan

GRAND RAPIDS, Mich., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board o...

7 months ago - GlobeNewsWire

Independent Bank Corporation Reports 2023 Third Quarter Results

Third Quarter Highlights Highlights for the third quarter of 2023 include: An increase in net interest income of $1.1 million (2.8%) over the second quarter of 2023; Net growth in core deposits of $11...

9 months ago - GlobeNewsWire

Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock

GRAND RAPIDS, Mich., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its B...

9 months ago - GlobeNewsWire

Independent Bank Corporation Announces Date for Its Third Quarter 2023 Earnings Release

GRAND RAPIDS, Mich., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects...

10 months ago - GlobeNewsWire

Independent Bank Corporation Reports 2023 Second Quarter Results

Second Quarter Highlights Highlights for the second quarter of 2023 include: An increase in net interest income of 6.3% over the second quarter of 2022; An increase in book value and tangible book val...

1 year ago - GlobeNewsWire

Independent Bank Corporation Announces Date for Its Second Quarter 2023 Earnings Release

GRAND RAPIDS, Mich., June 29, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects ...

1 year ago - GlobeNewsWire

Independent Bank Corporation Reports 2023 First Quarter Results

First Quarter Highlights Highlights for the first quarter of 2023 include: Deposit growth of $93.1 million (excluding brokered time deposits) or 9.1% annualized; An increase in net interest income of ...

1 year ago - GlobeNewsWire

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1 year ago - GuruFocus

Independent Bank Corporation Announces Date for Its First Quarter 2023 Earnings Release

GRAND RAPIDS, Mich., March 29, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects...

1 year ago - GlobeNewsWire

Independent Bank Corporation Announces 5% Increase in Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its B...

1 year ago - GlobeNewsWire

Independent Bank Corporation Reports 2022 Fourth Quarter Results

Fourth Quarter Highlights

1 year ago - GlobeNewsWire

Independent Bank Corporation Announces Date for Its Fourth Quarter 2022 Earnings Release

GRAND RAPIDS, Mich., Dec. 22, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects ...

1 year ago - GlobeNewsWire

Independent Bank Corporation Announces the Adoption of Its 2023 Share Repurchase Plan

GRAND RAPIDS, Mich., Dec. 21, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board o...

1 year ago - GlobeNewsWire

Independent Bank Corporation Reports 2022 Third Quarter Results

GRAND RAPIDS, Mich., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2022 net income of $17.3 million, or $0.81 per diluted share, versus net incom...

1 year ago - GlobeNewsWire

Independent Bank Corporation Announces Date for Its Third Quarter 2022 Earnings Release

GRAND RAPIDS, Mich., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects...

1 year ago - GlobeNewsWire

Independent Bank Corporation Reports 2022 Second Quarter Results

GRAND RAPIDS, Mich., July 26, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2022 net income of $13.0 million, or $0.61 per diluted share, versus net inco...

2 years ago - GlobeNewsWire

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., July 19, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its B...

2 years ago - GlobeNewsWire