Independent Bank Corporation (IBCP)
| Market Cap | 451.72M |
| Revenue (ttm) | 184.65M |
| Net Income (ttm) | 53.05M |
| Shares Out | 21.88M |
| EPS (ttm) | 2.53 |
| PE Ratio | 8.38 |
| Forward PE | 9.52 |
| Dividend | $0.80 |
| Dividend Yield | 3.78% |
| Trading Day | March 1 |
| Last Price | $21.19 |
| Previous Close | $20.67 |
| Change ($) | 0.52 |
| Change (%) | 2.52% |
| Day's Open | 21.26 |
| Day's Range | 20.57 - 21.31 |
| Day's Volume | 7,439 |
| 52-Week Range | 8.73 - 21.68 |
Top Ranked Income Stocks to Buy for February 19th
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 st...
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 ...
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 tod...
Top Ranked Income Stocks to Buy for December 28th
Independent Bank's (IBCP) board of directors authorizes the repurchase of up to 1,100,000 shares of the company's common stock.
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...
Top Ranked Income Stocks to Buy for December 18th
Top Ranked Income Stocks to Buy for December 16th
Low mortgage rates, falling provisions, vaccine news and hopes of stimulus aid bode well for banks, making it wise to invest in names like BOK Financial (BOKF) and First Hawaiian (FHB).
GRAND RAPIDS, Mich., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it ...
Independent Bank (IBCP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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 th...
Top Ranked Value Stocks to Buy for November 11th
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We have narrowed down our search to five small-cap stocks that popped more than 15% in October. These include HomeStreet (HMST), Haverty Furniture (HVT), Independent Bank (IBCP), Ethan Allen (...
Independent Bank Corporation (IBCP) CEO Brad Kessel on Q3 2020 Results - Earnings Call Transcript
Independent Bank (IBCP) delivered earnings and revenue surprises of 85.42% and 25.75%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the ...
GRAND RAPIDS, Mich., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2020 net income of $19.6 million, or $0.89 per diluted share, versus n...
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 th...
GRAND RAPIDS, Mich., Oct. 23, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its...
GRAND RAPIDS, Mich., Oct. 20, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that tod...
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.
Bank loan defaults and nonpayment are likely to have declined in the third quarter. Moreover, uptick in corporate borrowings and an array of IPOs must have boosted banks' profit margins.
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 th...
Independent Bank (IBCP) appears to be a promising buy right now, riding on organic growth, earnings strength and steady capital-deployment activities.
GRAND RAPIDS, Mich., Aug. 28, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that i...
Independent Bank (IBCP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
GRAND RAPIDS, Mich., Aug. 21, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that G...
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 th...
Independent Bank Corporation (IBCP) CEO Brad Kessel on Q2 2020 Results - Earnings Call Transcript
Shares of Independent Bank (NASDAQ:IBCP) rose 1.7% after the company reported Q2 results.
Independent Bank (IBCP) delivered earnings and revenue surprises of 204.55% and 9.43%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
GRAND RAPIDS, Mich., July 28, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2020 net income of $14.8 million, or $0.67 per diluted share, versu...
Independent Bank Corp. (INDB) CEO Christopher Oddleifson on Q2 2020 Results - Earnings Call Transcript
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 1.33% and -4.42%, respectively, for the quarter ended June 2020.
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.
Independent Bank Corp. (INDB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
GRAND RAPIDS, Mich., July 06, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that i...
Let's see if Independent Bank (IBCP) stock is a good choice for value-oriented investors right now from multiple angles.
The loan program is designed to reach businesses that have 15,000 employees or fewer, or that make annual revenue of less than $5 billion.
GRAND RAPIDS, Mich., May 27, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) (the "Company"), the holding company of Independent Bank, a Michigan-based community bank, a...
Independent Bank Corporation (IBCP) CEO Brad Kessel on Q1 2020 Results - Earnings Call Transcript
Independent Bank (IBCP) delivered earnings and revenue surprises of -40.00% and -4.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Independent Bank (NASDAQ:IBCP) remained unaffected at $16.25 after the company reported Q1 results.
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of -31.58% and -2.39%, respectively, for the quarter ended March 2020.
Independent Bank (IBCP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
About IBCP
Independent Bank Corporation operates as the 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 machines, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 66 branches, two drive-th... [Read more...]
| Industry Banks-Regional | Founded 1864 |
| CEO William Bradford Kessel CPA | |
| Stock Exchange NASDAQ | Ticker Symbol IBCP |
Financial Performance
In 2019, IBCP's revenue was $169.49 million, an increase of 8.24% compared to the previous year's $156.59 million. Earnings were $46.44 million, an increase of 16.56%.
Analyst Forecasts
According to 6 analysts, the average rating for IBCP stock is "Hold." The 12-month stock price forecast is 21.30, which is an increase of 0.52% from the latest price.