Independent Bank Corporation (IBCP)

Market Cap	509.26M
Revenue (ttm)	200.80M
Net Income (ttm)	59.07M
Shares Out	20.91M
EPS (ttm)	2.79
PE Ratio	8.73
Forward PE	8.41
Dividend	$0.96 (3.94%)
Ex-Dividend Date	Feb 2, 2024

Volume	51,394
Open	23.43
Previous Close	23.58
Day's Range	23.43 - 24.36
52-Week Range	14.90 - 27.39
Beta	0.98
Analysts	Hold
Price Target	21.00 (-13.79%)
Earnings Date	Apr 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...

• Industry: Banks - Regional
• Sector: Financials
• Founded: 1864
• Employees: 741
• Stock Exchange: NASDAQ
• Ticker Symbol: IBCP

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%.

Analyst Forecast

According to one analyst, the rating for IBCP stock is "Hold" and the 12-month stock price forecast is $21.0.

Price Target

$21.0

(-13.79% downside)

Analyst Consensus: Hold