Independent Bank Corporation (IBCP)

Independent Bank Statistics

Total Valuation

IBCP has a market cap or net worth of $715.72 million. The enterprise value is $693.17 million.

Market Cap	715.72M
Enterprise Value	693.17M

Important Dates

The next estimated earnings date is Thursday, April 23, 2026, before market open.

Earnings Date	Apr 23, 2026
Ex-Dividend Date	Feb 3, 2026

Share Statistics

IBCP has 20.55 million shares outstanding. The number of shares has decreased by -0.69% in one year.

Current Share Class	20.55M
Shares Outstanding	20.55M
Shares Change (YoY)	-0.69%
Shares Change (QoQ)	-0.27%
Owned by Insiders (%)	2.61%
Owned by Institutions (%)	85.46%
Float	20.01M

Valuation Ratios

The trailing PE ratio is 10.57 and the forward PE ratio is 9.97.

PE Ratio	10.57
Forward PE	9.97
PS Ratio	3.26
Forward PS	3.52
PB Ratio	1.45
P/TBV Ratio	1.51
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	10.11
EV / Sales	3.16
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 14.31%.

Return on Equity (ROE)	14.31%
Return on Assets (ROA)	1.26%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	7.19%
Revenue Per Employee	$263,218
Profits Per Employee	$82,183
Employee Count	834
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, IBCP has paid $12.75 million in taxes.

Income Tax	12.75M
Effective Tax Rate	15.68%

Stock Price Statistics

The stock price has increased by +4.86% in the last 52 weeks. The beta is 0.75, so IBCP's price volatility has been lower than the market average.

Beta (5Y)	0.75
52-Week Price Change	+4.86%
50-Day Moving Average	34.72
200-Day Moving Average	32.69
Relative Strength Index (RSI)	48.68
Average Volume (20 Days)	158,192

Short Selling Information

The latest short interest is 216,703, so 1.05% of the outstanding shares have been sold short.

Short Interest	216,703
Short Previous Month	164,896
Short % of Shares Out	1.05%
Short % of Float	1.08%
Short Ratio (days to cover)	1.62

Income Statement

In the last 12 months, IBCP had revenue of $219.52 million and earned $68.54 million in profits. Earnings per share was $3.27.

Revenue	219.52M
Gross Profit	219.52M
Operating Income	84.12M
Pretax Income	81.29M
Net Income	68.54M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$3.27

Balance Sheet

The company has $138.39 million in cash and $116.87 million in debt, with a net cash position of $21.52 million or $1.05 per share.

Cash & Cash Equivalents	138.39M
Total Debt	116.87M
Net Cash	21.52M
Net Cash Per Share	$1.05
Equity (Book Value)	502.95M
Book Value Per Share	24.48
Working Capital	-4.57B

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross Margin	n/a
Operating Margin	38.32%
Pretax Margin	37.03%
Profit Margin	31.22%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $1.12, which amounts to a dividend yield of 3.24%.

Dividend Per Share	$1.12
Dividend Yield	3.24%
Dividend Growth (YoY)	8.16%
Years of Dividend Growth	11
Payout Ratio	32.42%
Buyback Yield	0.69%
Shareholder Yield	3.89%
Earnings Yield	9.59%
FCF Yield	n/a

Analyst Forecast

The average price target for IBCP is $37.00, which is 6.23% higher than the current price. The consensus rating is "Hold".

Price Target	$37.00
Price Target Difference	6.23%
Analyst Consensus	Hold
Analyst Count	3
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on September 1, 2010. It was a reverse split with a ratio of 1:10.

Last Split Date	Sep 1, 2010
Split Type	Reverse
Split Ratio	1:10

Scores

Altman Z-Score	n/a
Piotroski F-Score	2