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Independent Bank Corporation (IBCP)

NASDAQ: IBCP · Delayed Price · USD
20.95 0.57 (2.80%)
Sep 23, 2021 4:00 PM EDT - Market closed
Market Cap450.82M
Revenue (ttm)216.53M
Net Income (ttm)71.00M
Shares Out21.52M
EPS (ttm)3.21
PE Ratio6.52
Forward PE9.59
Dividend$0.82 (3.91%)
Ex-Dividend DateAug 5, 2021
Volume61,730
Open20.61
Previous Close20.38
Day's Range20.45 - 21.14
52-Week Range11.64 - 24.27
Beta1.13
AnalystsHold
Price Target24.00 (+14.6%)
Est. Earnings DateOct 26, 2021

About IBCP

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 driv...

IndustryBanks
Founded1864
Employees854
Stock ExchangeNASDAQ
Ticker SymbolIBCP
Full Company Profile

Financial Performance

In 2020, IBCP's revenue was $191.89 million, an increase of 13.22% compared to the previous year's $169.49 million. Earnings were $56.15 million, an increase of 20.93%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for IBCP stock is "Hold." The 12-month stock price forecast is 24.00, which is an increase of 14.56% from the latest price.

Price Target
$24.00
(14.56% upside)
Analyst Consensus: Hold

News

How Independent Bank (IBCP) Stock Stands Out in a Strong Industry

Independent Bank (IBCP) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

1 week ago - Zacks Investment Research

Independent Bank (IBCP) Misses Q2 Earnings and Revenue Estimates

Independent Bank (IBCP) delivered earnings and revenue surprises of -20.00% and -4.13%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Independent Bank Corporation Reports 2021 Second Quarter Results

GRAND RAPIDS, Mich., July 29, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2021 net income of $12.4 million, or $0.56 per diluted share, versus net income...

1 month ago - GlobeNewsWire

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., July 27, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Boa...

1 month ago - GlobeNewsWire

Independent Bank (IBCP) Reports Next Week: Wall Street Expects Earnings Growth

Independent Bank (IBCP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Independent Bank Corporation Announces Date for its Second Quarter 2021 Earnings Release

GRAND RAPIDS, Mich., July 12, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to...

2 months ago - GlobeNewsWire

Independent Bank (IBCP) Beats Q1 Earnings and Revenue Estimates

Independent Bank (IBCP) delivered earnings and revenue surprises of 75.44% and 21.78%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Independent Bank Corporation Reports 2021 First Quarter Results

GRAND RAPIDS, Mich., April 27, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2021 net income of $22.0 million, or $1.00 per diluted share, versus net income...

4 months ago - GlobeNewsWire

Why Earnings Season Could Be Great for Independent Bank (IBCP)

Independent Bank (IBCP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

5 months ago - Zacks Investment Research

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., April 20, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Bo...

5 months ago - GlobeNewsWire

Should Value Investors Now Independent Bank's (IBCP) Stock?

Let's see if Independent Bank (IBCP) stock is a good choice for value-oriented investors right now from multiple angles.

5 months ago - Zacks Investment Research

Should Value Investors Buy Independent Bank (IBCP) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

5 months ago - Zacks Investment Research

Independent Bank Corporation Announces Date For Its First Quarter 2021 Earnings Release

GRAND RAPIDS, Mich., March 30, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects t...

5 months ago - GlobeNewsWire

Top Ranked Income Stocks to Buy for March 30th

Top Ranked Income Stocks to Buy for March 30th

Other symbols:AUBPTRWSBC
5 months ago - Zacks Investment Research

Earnings Estimates Rising for Independent Bank (IBCP): Will It Gain?

Independent Bank (IBCP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

6 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for March 1st

Top Ranked Income Stocks to Buy for March 1st

Other symbols:JHG
6 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for February 19th

Top Ranked Income Stocks to Buy for February 19th

Other symbols:AMNBBCBPFISI
7 months ago - Zacks Investment Research

Independent Bank (IBCP) Q4 Earnings and Revenues Beat Estimates

Independent Bank (IBCP) delivered earnings and revenue surprises of 24.19% and 5.87%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

Independent Bank Corporation Reports 2020 Fourth Quarter and Full Year Results

GRAND RAPIDS, Mich., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported fourth quarter 2020 net income of $17.0 million, or $0.77 per diluted share, versus net income...

7 months ago - GlobeNewsWire

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Boa...

7 months ago - GlobeNewsWire

Top Ranked Income Stocks to Buy for December 28th

Top Ranked Income Stocks to Buy for December 28th

Other symbols:ASBDCP
8 months ago - Zacks Investment Research

Independent Bank (IBCP) to Buy Back Shares: Is it Worth a Look?

Independent Bank's (IBCP) board of directors authorizes the repurchase of up to 1,100,000 shares of the company's common stock.

9 months ago - Zacks Investment Research

Independent Bank Corporation Announces the Adoption of its 2021 Share Repurchase Plan

GRAND RAPIDS, Mich., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of ...

9 months ago - GlobeNewsWire

Top Ranked Income Stocks to Buy for December 18th

Top Ranked Income Stocks to Buy for December 18th

Other symbols:SSBVGRWLKP
9 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for December 16th

Top Ranked Income Stocks to Buy for December 16th

Other symbols:ABRBANRBOKF
9 months ago - Zacks Investment Research