Independent Bank Statistics
Total Valuation
IBCP has a market cap or net worth of $801.67 million. The enterprise value is $660.19 million.
| Market Cap | 801.67M |
| Enterprise Value | 660.19M |
Important Dates
The last earnings date was Tuesday, October 27, 2026, before market open.
| Earnings Date | Oct 27, 2026 |
| Ex-Dividend Date | Nov 3, 2026 |
Share Statistics
IBCP has 22.08 million shares outstanding. The number of shares has increased by 0.80% in one year.
| Current Share Class | 22.08M |
| Shares Outstanding | 22.08M |
| Shares Change (YoY) | +0.80% |
| Shares Change (QoQ) | +7.40% |
| Owned by Insiders (%) | 2.62% |
| Owned by Institutions (%) | 82.89% |
| Float | 21.50M |
Valuation Ratios
The trailing PE ratio is 10.68 and the forward PE ratio is 9.36.
| PE Ratio | 10.68 |
| Forward PE | 9.36 |
| PS Ratio | 3.32 |
| Forward PS | 3.52 |
| PB Ratio | 1.39 |
| P/TBV Ratio | 1.57 |
| P/FCF Ratio | 18.36 |
| P/OCF Ratio | 14.24 |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | 9.16 |
| EV / Sales | 2.73 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 15.12 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.13 |
| Debt / EBITDA | n/a |
| Debt / FCF | 1.73 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 13.50%.
| Return on Equity (ROE) | 13.50% |
| Return on Assets (ROA) | 1.23% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 7.51% |
| Revenue Per Employee | $292,623 |
| Profits Per Employee | $87,291 |
| Employee Count | 826 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, IBCP has paid $12.65 million in taxes.
| Income Tax | 12.65M |
| Effective Tax Rate | 14.92% |
Stock Price Statistics
The stock price has increased by +17.85% in the last 52 weeks. The beta is 0.72, so IBCP's price volatility has been lower than the market average.
| Beta (5Y) | 0.72 |
| 52-Week Price Change | +17.85% |
| 50-Day Moving Average | 36.27 |
| 200-Day Moving Average | 35.46 |
| Relative Strength Index (RSI) | 48.74 |
| Average Volume (20 Days) | 214,196 |
Short Selling Information
The latest short interest is 668,302, so 3.03% of the outstanding shares have been sold short.
| Short Interest | 668,302 |
| Short Previous Month | 771,076 |
| Short % of Shares Out | 3.03% |
| Short % of Float | 3.11% |
| Short Ratio (days to cover) | 3.21 |
Income Statement
In the last 12 months, IBCP had revenue of $241.71 million and earned $72.10 million in profits. Earnings per share was $3.40.
| Revenue | 241.71M |
| Gross Profit | 241.71M |
| Operating Income | 94.73M |
| Pretax Income | 84.75M |
| Net Income | 72.10M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $3.40 |
Balance Sheet
The company has $217.15 million in cash and $75.67 million in debt, with a net cash position of $141.48 million or $6.41 per share.
| Cash & Cash Equivalents | 217.15M |
| Total Debt | 75.67M |
| Net Cash | 141.48M |
| Net Cash Per Share | $6.41 |
| Equity (Book Value) | 577.30M |
| Book Value Per Share | 26.14 |
| Working Capital | -5.40B |
Cash Flow
In the last 12 months, operating cash flow was $56.31 million and capital expenditures -$12.64 million, giving a free cash flow of $43.67 million.
| Operating Cash Flow | 56.31M |
| Capital Expenditures | -12.64M |
| Depreciation & Amortization | n/a |
| Net Borrowing | 3,000 |
| Free Cash Flow | 43.67M |
| FCF Per Share | $1.98 |
Margins
| Gross Margin | n/a |
| Operating Margin | 39.19% |
| Pretax Margin | 35.06% |
| Profit Margin | 29.83% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 18.07% |
Dividends & Yields
This stock pays an annual dividend of $1.12, which amounts to a dividend yield of 3.09%.
| Dividend Per Share | $1.12 |
| Dividend Yield | 3.09% |
| Dividend Growth (YoY) | 7.69% |
| Years of Dividend Growth | 11 |
| Payout Ratio | 32.94% |
| FCF Payout Ratio | 56.63% |
| Buyback Yield | -0.80% |
| Shareholder Yield | 2.29% |
| Earnings Yield | 9.36% |
| FCF Yield | 5.45% |
Analyst Forecast
The average price target for IBCP is $41.20, which is 13.47% higher than the current price. The consensus rating is "Buy".
| Price Target | $41.20 |
| Price Target Difference | 13.47% |
| Analyst Consensus | Buy |
| Analyst Count | 5 |
| Revenue Growth Forecast (3Y) | 11.03% |
| EPS Growth Forecast (3Y) | 8.21% |
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 | |
| Graham Formula Value | |
| Graham Formula 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 | 3 |