Independent Bank Corporation (IBCP)
| Market Cap | 538.24M |
| Revenue (ttm) | 205.98M |
| Net Income (ttm) | 62.07M |
| Shares Out | 20.90M |
| EPS (ttm) | 2.94 |
| PE Ratio | 8.76 |
| Forward PE | 8.79 |
| Dividend | $0.96 (3.73%) |
| Ex-Dividend Date | May 2, 2024 |
| Volume | 117,085 |
| Open | 25.61 |
| Previous Close | 25.50 |
| Day's Range | 25.42 - 26.04 |
| 52-Week Range | 15.19 - 27.39 |
| Beta | 0.97 |
| Analysts | Hold |
| Price Target | 24.50 (-4.85%) |
| Earnings Date | Apr 25, 2024 |
About IBCP
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branc... [Read more]
Financial Performance
In 2023, IBCP's revenue was $200.80 million, a decrease of -2.59% compared to the previous year's $206.13 million. Earnings were $59.07 million, a decrease of -6.76%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for IBCP stock is "Hold." The 12-month stock price forecast is $24.5, which is a decrease of -4.85% from the latest price.
News
Independent Bank Corporation Reports 2024 First Quarter Results
First Quarter Highlights Highlights for the first quarter of 2024 include: Increases in net income and diluted earnings per share of 23.1% and 24.6%, respectively, over first quarter of 2023; An incre...
Independent Bank Corporation Announces Appointment of Stephen L. Gulis, Jr. as Chairperson to Its Board of Directors
GRAND RAPIDS, Mich., April 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board ...
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., April 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its ...
Independent Bank Corporation Announces Date for Its First Quarter 2024 Earnings Release
GRAND RAPIDS, Mich., April 02, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects...
Independent Bank Corporation Reports 2023 Fourth Quarter Results
Fourth Quarter Highlights Highlights for the fourth quarter of 2023 include: An increase in net interest income of $0.7 million (1.7%) over the third quarter of 2023; An increase in book value and tan...
Independent Bank Corporation Announces 4% Increase in Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its B...
Independent Bank Corporation Announces Date for Its Fourth Quarter 2023 Earnings Release
GRAND RAPIDS, Mich., Dec. 22, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects ...
Independent Bank Corporation Announces the Adoption of Its 2024 Share Repurchase Plan
GRAND RAPIDS, Mich., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board o...
Independent Bank Corporation Reports 2023 Third Quarter Results
Third Quarter Highlights Highlights for the third quarter of 2023 include: An increase in net interest income of $1.1 million (2.8%) over the second quarter of 2023; Net growth in core deposits of $11...
Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock
GRAND RAPIDS, Mich., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its B...
Independent Bank Corporation Announces Date for Its Third Quarter 2023 Earnings Release
GRAND RAPIDS, Mich., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects...
Independent Bank Corporation Reports 2023 Second Quarter Results
Second Quarter Highlights Highlights for the second quarter of 2023 include: An increase in net interest income of 6.3% over the second quarter of 2022; An increase in book value and tangible book val...
Independent Bank Corporation Announces Date for Its Second Quarter 2023 Earnings Release
GRAND RAPIDS, Mich., June 29, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects ...
Independent Bank Corporation Reports 2023 First Quarter Results
First Quarter Highlights Highlights for the first quarter of 2023 include: Deposit growth of $93.1 million (excluding brokered time deposits) or 9.1% annualized; An increase in net interest income of ...
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Independent Bank Corporation Announces Date for Its First Quarter 2023 Earnings Release
GRAND RAPIDS, Mich., March 29, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects...
Independent Bank Corporation Announces 5% Increase in Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its B...
Independent Bank Corporation Reports 2022 Fourth Quarter Results
Fourth Quarter Highlights
Independent Bank Corporation Announces Date for Its Fourth Quarter 2022 Earnings Release
GRAND RAPIDS, Mich., Dec. 22, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects ...
Independent Bank Corporation Announces the Adoption of Its 2023 Share Repurchase Plan
GRAND RAPIDS, Mich., Dec. 21, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board o...
Independent Bank Corporation Reports 2022 Third Quarter Results
GRAND RAPIDS, Mich., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2022 net income of $17.3 million, or $0.81 per diluted share, versus net incom...
Independent Bank Corporation Announces Date for Its Third Quarter 2022 Earnings Release
GRAND RAPIDS, Mich., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects...
Independent Bank Corporation Reports 2022 Second Quarter Results
GRAND RAPIDS, Mich., July 26, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2022 net income of $13.0 million, or $0.61 per diluted share, versus net inco...
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., July 19, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its B...
Independent Bank Corporation Announces Date for Its Second Quarter 2022 Earnings Release
GRAND RAPIDS, Mich., June 29, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects ...