Independent Bank Corporation (IBCP)

Independent Bank Statistics

Total Valuation

IBCP has a market cap or net worth of $637.51 million. The enterprise value is $470.68 million.

Market Cap	637.51M
Enterprise Value	470.68M

Important Dates

The last earnings date was Tuesday, October 28, 2025, before market open.

Earnings Date	Oct 28, 2025
Ex-Dividend Date	Nov 4, 2025

Share Statistics

IBCP has 20.69 million shares outstanding. The number of shares has decreased by -0.31% in one year.

Current Share Class	20.69M
Shares Outstanding	20.69M
Shares Change (YoY)	-0.31%
Shares Change (QoQ)	-0.20%
Owned by Insiders (%)	2.34%
Owned by Institutions (%)	85.40%
Float	20.21M

Valuation Ratios

The trailing PE ratio is 9.48 and the forward PE ratio is 9.14.

PE Ratio	9.48
Forward PE	9.14
PS Ratio	2.88
Forward PS	3.25
PB Ratio	1.30
P/TBV Ratio	1.38
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	6.88
EV / Sales	2.11
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 14.51%.

Return on Equity (ROE)	14.51%
Return on Assets (ROA)	1.27%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Revenue Per Employee	$267,254
Profits Per Employee	$82,050
Employee Count	834
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, IBCP has paid $15.32 million in taxes.

Income Tax	15.32M
Effective Tax Rate	18.29%

Stock Price Statistics

The stock price has decreased by -5.84% in the last 52 weeks. The beta is 0.81, so IBCP's price volatility has been lower than the market average.

Beta (5Y)	0.81
52-Week Price Change	-5.84%
50-Day Moving Average	31.59
200-Day Moving Average	32.04
Relative Strength Index (RSI)	46.43
Average Volume (20 Days)	137,823

Short Selling Information

The latest short interest is 167,222, so 0.81% of the outstanding shares have been sold short.

Short Interest	167,222
Short Previous Month	142,767
Short % of Shares Out	0.81%
Short % of Float	0.83%
Short Ratio (days to cover)	1.67

Income Statement

In the last 12 months, IBCP had revenue of $222.89 million and earned $68.43 million in profits. Earnings per share was $3.25.

Revenue	222.89M
Gross Profit	222.89M
Operating Income	86.44M
Pretax Income	83.75M
Net Income	68.43M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$3.25

Balance Sheet

The company has $208.69 million in cash and $41.85 million in debt, giving a net cash position of $166.83 million or $8.06 per share.

Cash & Cash Equivalents	208.69M
Total Debt	41.85M
Net Cash	166.83M
Net Cash Per Share	$8.06
Equity (Book Value)	490.74M
Book Value Per Share	23.72
Working Capital	-4.60B

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	38.78%
Pretax Margin	37.57%
Profit Margin	30.70%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $1.04, which amounts to a dividend yield of 3.44%.

Dividend Per Share	$1.04
Dividend Yield	3.44%
Dividend Growth (YoY)	8.33%
Years of Dividend Growth	10
Payout Ratio	32.00%
Buyback Yield	0.31%
Shareholder Yield	3.69%
Earnings Yield	10.73%
FCF Yield	n/a

Analyst Forecast

The average price target for IBCP is $36.00, which is 16.85% higher than the current price. The consensus rating is "Hold".

Price Target	$36.00
Price Target Difference	16.85%
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