Independent Bank Corporation (IBCP)

NASDAQ: IBCP · IEX Real-Time Price · USD
18.08
+0.01 (0.06%)
Sep 22, 2023, 4:00 PM EDT - Market closed
0.06%
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]

Sector Financials
Founded 1864
Employees 803
Stock Exchange NASDAQ
Ticker Symbol IBCP
Full Company Profile

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 Statements

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
(16.15% upside)
Analyst Consensus: Hold
Stock Forecasts

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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 ...

3 months ago - GlobeNewsWire

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 ...

5 months ago - GlobeNewsWire

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Other symbols: GAMIHCCIIINIPI
5 months ago - GuruFocus

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...

6 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

Independent Bank Corporation Reports 2022 Fourth Quarter Results

Fourth Quarter Highlights

8 months ago - GlobeNewsWire

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 ...

9 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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 ...

2 years ago - GlobeNewsWire