Independent Bank Corporation (IBCP)
Market Cap | 378.67M |
Revenue (ttm) | 201.58M |
Net Income (ttm) | 60.16M |
Shares Out | 20.94M |
EPS (ttm) | 2.82 |
PE Ratio | 6.41 |
Forward PE | 7.26 |
Dividend | $0.92 (5.09%) |
Ex-Dividend Date | Aug 3, 2023 |
Volume | 48,241 |
Open | 18.16 |
Previous Close | 18.07 |
Day's Range | 17.89 - 18.20 |
52-Week Range | 14.90 - 24.97 |
Beta | 0.97 |
Analysts | Hold |
Price Target | 21.00 (+16.15%) |
Earnings Date | Oct 24, 2023 |
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 across Lower 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. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan. [Read more]
Financial Performance
In 2022, IBCP's revenue was $206.13 million, a decrease of -1.06% compared to the previous year's $208.34 million. Earnings were $63.35 million, an increase of 0.73%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for IBCP stock is "Hold" and the 12-month stock price forecast is $21.0.
News

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...

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., July 18, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its B...

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 ...

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 ...

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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...

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...

Independent Bank Corporation Reports 2022 Fourth Quarter Results
Fourth Quarter Highlights

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 ...

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...

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...

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...

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...

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...

Independent Bank Corporation Announces Date for Its Second Quarter 2022 Earnings Release
GRAND RAPIDS, Mich., June 29, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects ...

Independent Bank Corporation Reports 2022 First Quarter Results
GRAND RAPIDS, Mich., April 26, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2022 net income of $18.0 million, or $0.84 per diluted share, versus net inco...

Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock
GRAND RAPIDS, Mich., April 19, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its ...

Independent Bank Corporation Announces Date for Its First Quarter 2022 Earnings Release
GRAND RAPIDS, Mich., March 25, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects...

Independent Bank Corporation Reports 2021 Fourth Quarter and Full Year Results
GRAND RAPIDS, Mich., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported fourth quarter 2021 net income of $12.5 million, or $0.58 per diluted share, versus net inco...

Independent Bank Corporation Announces Date for Its Fourth Quarter 2021 Earnings Release
GRAND RAPIDS, Mich., Dec. 30, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects ...

Independent Bank Corporation Announces the Adoption of its 2022 Share Repurchase Plan
GRAND RAPIDS, Mich., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board o...

Independent Bank Corporation Reports 2021 Third Quarter Results
GRAND RAPIDS, Mich., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2021 net income of $16.0 million, or $0.73 per diluted share, versus net incom...

Independent Bank Corporation Announces Date For Its Third Quarter 2021 Earnings Release
GRAND RAPIDS, Mich., Sept. 30, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects...

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 inco...

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 ...