Independent Bank Statistics
Total Valuation
IBCP has a market cap or net worth of $840.24 million. The enterprise value is $838.52 million.
| Market Cap | 840.24M |
| Enterprise Value | 838.52M |
Important Dates
The last earnings date was Thursday, July 23, 2026, before market open.
| Earnings Date | Jul 23, 2026 |
| Ex-Dividend Date | Aug 4, 2026 |
Share Statistics
IBCP has 22.20 million shares outstanding. The number of shares has decreased by -1.18% in one year.
| Current Share Class | 22.20M |
| Shares Outstanding | 22.20M |
| Shares Change (YoY) | -1.18% |
| Shares Change (QoQ) | +0.13% |
| Owned by Insiders (%) | 2.62% |
| Owned by Institutions (%) | 80.64% |
| Float | 21.28M |
Valuation Ratios
The trailing PE ratio is 11.02 and the forward PE ratio is 10.11.
| PE Ratio | 11.02 |
| Forward PE | 10.11 |
| PS Ratio | 3.63 |
| Forward PS | 3.52 |
| PB Ratio | 1.48 |
| P/TBV Ratio | 1.68 |
| P/FCF Ratio | 21.99 |
| P/OCF Ratio | 16.97 |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | 11.65 |
| EV / Sales | 3.62 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 21.94 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 4.92 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 14.38%.
| Return on Equity (ROE) | 14.38% |
| Return on Assets (ROA) | 1.29% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Weighted Average Cost of Capital (WACC) | 6.64% |
| Revenue Per Employee | $279,366 |
| Profits Per Employee | $86,869 |
| Employee Count | 826 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, IBCP has paid $12.67 million in taxes.
| Income Tax | 12.67M |
| Effective Tax Rate | 15.01% |
Stock Price Statistics
The stock price has increased by +23.88% in the last 52 weeks. The beta is 0.70, so IBCP's price volatility has been lower than the market average.
| Beta (5Y) | 0.70 |
| 52-Week Price Change | +23.88% |
| 50-Day Moving Average | 36.10 |
| 200-Day Moving Average | 34.23 |
| Relative Strength Index (RSI) | 55.08 |
| Average Volume (20 Days) | 221,077 |
Short Selling Information
The latest short interest is 527,109, so 2.37% of the outstanding shares have been sold short.
| Short Interest | 527,109 |
| Short Previous Month | 726,046 |
| Short % of Shares Out | 2.37% |
| Short % of Float | 2.48% |
| Short Ratio (days to cover) | 2.64 |
Income Statement
In the last 12 months, IBCP had revenue of $230.76 million and earned $71.75 million in profits. Earnings per share was $3.45.
| Revenue | 230.76M |
| Gross Profit | 230.76M |
| Operating Income | 89.96M |
| Pretax Income | 84.43M |
| Net Income | 71.75M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $3.45 |
Balance Sheet
The company has $189.09 million in cash and $187.37 million in debt, with a net cash position of $1.72 million or $0.08 per share.
| Cash & Cash Equivalents | 189.09M |
| Total Debt | 187.37M |
| Net Cash | 1.72M |
| Net Cash Per Share | $0.08 |
| Equity (Book Value) | 528.41M |
| Book Value Per Share | 25.65 |
| Working Capital | -4.75B |
Cash Flow
In the last 12 months, operating cash flow was $49.35 million and capital expenditures -$11.26 million, giving a free cash flow of $38.09 million.
| Operating Cash Flow | 49.35M |
| Capital Expenditures | -11.26M |
| Depreciation & Amortization | n/a |
| Net Borrowing | -15.00M |
| Free Cash Flow | 38.09M |
| FCF Per Share | $1.72 |
Margins
| Gross Margin | n/a |
| Operating Margin | 38.98% |
| Pretax Margin | 36.59% |
| Profit Margin | 31.10% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 16.51% |
Dividends & Yields
This stock pays an annual dividend of $1.12, which amounts to a dividend yield of 2.97%.
| Dividend Per Share | $1.12 |
| Dividend Yield | 2.97% |
| Dividend Growth (YoY) | 7.84% |
| Years of Dividend Growth | 11 |
| Payout Ratio | 32.46% |
| Buyback Yield | 1.18% |
| Shareholder Yield | 4.15% |
| Earnings Yield | 8.57% |
| FCF Yield | 4.55% |
Analyst Forecast
The average price target for IBCP is $40.40, which is 6.74% higher than the current price. The consensus rating is "Hold".
| Price Target | $40.40 |
| Price Target Difference | 6.74% |
| Analyst Consensus | Hold |
| Analyst Count | 5 |
| Revenue Growth Forecast (3Y) | n/a |
| EPS Growth Forecast (3Y) | 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 | 3 |