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Independent Bank Corporation (IBCP)

Stock Price: $23.66 USD -0.02 (-0.06%)
Updated May 7, 2021 4:00 PM EDT - Market closed
Market Cap 515.60M
Revenue (ttm) 214.58M
Net Income (ttm) 73.38M
Shares Out 21.77M
EPS (ttm) 3.33
PE Ratio 7.11
Forward PE 8.22
Dividend $0.81
Dividend Yield 3.42%
Trading Day May 7
Last Price $23.66
Previous Close $23.68
Change ($) -0.02
Change (%) -0.06%
Day's Open 23.38
Day's Range 23.22 - 23.76
Day's Volume 49,642
52-Week Range 10.41 - 24.51

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Independent Bank (IBCP) delivered earnings and revenue surprises of 75.44% and 21.78%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

GRAND RAPIDS, Mich., April 27, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2021 net income of $22.0 million, or $1.00 per diluted share, versus net income...

1 week ago - GlobeNewsWire

Independent Bank (IBCP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 weeks ago - Zacks Investment Research

GRAND RAPIDS, Mich., April 20, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Bo...

2 weeks ago - GlobeNewsWire

Let's see if Independent Bank (IBCP) stock is a good choice for value-oriented investors right now from multiple angles.

3 weeks ago - Zacks Investment Research

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 the latest v...

3 weeks ago - Zacks Investment Research

GRAND RAPIDS, Mich., March 30, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects t...

1 month ago - GlobeNewsWire

Top Ranked Income Stocks to Buy for March 30th

Other stocks mentioned: AUB, PTR, WSBC
1 month ago - Zacks Investment Research

Independent Bank (IBCP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

2 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for March 1st

Other stocks mentioned: ETH, JHG
2 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for February 19th

Other stocks mentioned: AMNB, BCBP, FISI
2 months ago - Zacks Investment Research

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 stock?

3 months ago - Zacks Investment Research

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 net income...

3 months ago - GlobeNewsWire

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 today its Boa...

3 months ago - GlobeNewsWire

Top Ranked Income Stocks to Buy for December 28th

Other stocks mentioned: ASB, DCP
4 months ago - Zacks Investment Research

Independent Bank's (IBCP) board of directors authorizes the repurchase of up to 1,100,000 shares of the company's common stock.

4 months ago - Zacks Investment Research

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 Board of ...

4 months ago - GlobeNewsWire

Top Ranked Income Stocks to Buy for December 18th

Other stocks mentioned: SSB, VGR, WLKP
4 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for December 16th

Other stocks mentioned: ABR, BANR, BOKF
4 months ago - Zacks Investment Research

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).

Other stocks mentioned: ABTX, BNTX, BOKF, BWFG, FHB
4 months ago - Zacks Investment Research

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 expects to...

5 months ago - GlobeNewsWire

Independent Bank (IBCP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

5 months ago - Zacks Investment Research

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 the latest v...

5 months ago - Zacks Investment Research

Top Ranked Value Stocks to Buy for November 11th

Other stocks mentioned: CNDT, KOP, UNFI
5 months ago - Zacks Investment Research

Top Ranked Value Stocks to Buy for November 6th

Other stocks mentioned: BHF, COOP, GEO
6 months ago - Zacks Investment Research

Top Ranked Value Stocks to Buy for November 4th

Other stocks mentioned: BSVN, MRBK, SPFI
6 months ago - Zacks Investment Research

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 (ETH) and S...

Other stocks mentioned: ETH, HMST, HVT, SPFI
6 months ago - Zacks Investment Research

Independent Bank Corporation (IBCP) CEO Brad Kessel on Q3 2020 Results - Earnings Call Transcript

6 months ago - Seeking Alpha

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 stock?

6 months ago - Zacks Investment Research

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 net income ...

6 months ago - GlobeNewsWire

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 the latest v...

6 months ago - Zacks Investment Research

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 Board of ...

6 months ago - GlobeNewsWire

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 today its Boa...

6 months ago - GlobeNewsWire

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.

6 months ago - Zacks Investment Research

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.

Other stocks mentioned: CIVB, FFBC, MRBK, TBBK
6 months ago - Zacks Investment Research

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 the latest v...

7 months ago - Zacks Investment Research

Independent Bank (IBCP) appears to be a promising buy right now, riding on organic growth, earnings strength and steady capital-deployment activities.

7 months ago - Zacks Investment Research

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 it expects ...

8 months ago - GlobeNewsWire

Independent Bank (IBCP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

8 months ago - Zacks Investment Research

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 Gavin A. Mo...

8 months ago - GlobeNewsWire

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 the latest v...

8 months ago - Zacks Investment Research

Independent Bank Corporation (IBCP) CEO Brad Kessel on Q2 2020 Results - Earnings Call Transcript

9 months ago - Seeking Alpha

Shares of Independent Bank (NASDAQ:IBCP) rose 1.7% after the company reported Q2 results.

9 months ago - Benzinga

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?

9 months ago - Zacks Investment Research

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, versus net inco...

9 months ago - GlobeNewsWire

Independent Bank Corp. (INDB) CEO Christopher Oddleifson on Q2 2020 Results - Earnings Call Transcript

9 months ago - Seeking Alpha

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 1.33% and -4.42%, respectively, for the quarter ended June 2020.

9 months ago - Zacks Investment Research

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.

9 months ago - Zacks Investment Research

Independent Bank Corp. (INDB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

9 months ago - Zacks Investment Research

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 it expects ...

10 months ago - GlobeNewsWire

About IBCP

Independent Bank Corporation operates as the bank 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 machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two driv... [Read more...]

Industry
Banks-Regional
Founded
1864
Stock Exchange
NASDAQ
Ticker Symbol
IBCP
Full Company Profile

Financial Performance

In 2020, IBCP's revenue was $191.89 million, an increase of 13.22% compared to the previous year's $169.49 million. Earnings were $56.15 million, an increase of 20.93%.

Financial Statements

Analyst Forecasts

According to 6 analysts, the average rating for IBCP stock is "Hold." The 12-month stock price forecast is 25.20, which is an increase of 6.51% from the latest price.

Price Target
$25.20
(6.51% upside)
Analyst Consensus: Hold