Independent Bank Corporation (IBCP)

Market Cap	700.45M
Revenue (ttm)	212.03M
Net Income (ttm)	65.81M
Shares Out	20.90M
EPS (ttm)	3.12
PE Ratio	10.74
Forward PE	11.32
Dividend	$0.96 (2.86%)
Ex-Dividend Date	Nov 5, 2024

Volume	140,302
Open	32.95
Previous Close	33.02
Day's Range	32.95 - 33.59
52-Week Range	16.90 - 35.97
Beta	0.98
Analysts	Hold
Price Target	32.17 (-4.03%)
Earnings Date	Oct 24, 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: 832
• Stock Exchange: NASDAQ
• Ticker Symbol: IBCP
• Website: https://www.independentbank.com

Financial Performance

In 2023, Independent Bank'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 3 analysts, the average rating for IBCP stock is "Hold." The 12-month stock price forecast is $32.17, which is a decrease of -4.03% from the latest price.

Price Target

$32.17

(-4.03% downside)

Analyst Consensus: Hold