Independent Bank Corporation (IBCP)

Market Cap	714.46M
Revenue (ttm)	219.52M
Net Income (ttm)	66.39M
Shares Out	20.72M
EPS (ttm)	3.14
PE Ratio	10.75
Forward PE	10.41
Dividend	$1.04 (3.08%)
Ex-Dividend Date	May 5, 2025

Volume	77,756
Open	34.32
Previous Close	33.74
Day's Range	34.32 - 34.48
52-Week Range	26.75 - 40.32
Beta	0.82
Analysts	Hold
Price Target	36.67 (+6.35%)
Earnings Date	Jul 24, 2025

About IBCP

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and fin...

• Industry: Banks - Regional
• Sector: Financials
• Founded: 1864
• Employees: 834
• Stock Exchange: NASDAQ
• Ticker Symbol: IBCP
• Website: https://www.independentbank.com

Financial Performance

In 2024, Independent Bank's revenue was $218.14 million, an increase of 8.64% compared to the previous year's $200.80 million. Earnings were $66.79 million, an increase of 13.07%.

Analyst Summary

According to 3 analysts, the average rating for IBCP stock is "Hold." The 12-month stock price target is $36.67, which is an increase of 6.35% from the latest price.

Price Target

$36.67

(6.35% upside)

Analyst Consensus: Hold