INDEPENDENT BANK CORP - MICH

IBCPNASDAQ

🏆 #2205 by market capEarnings Oct 27US Equity

$38.00▲ $0.10 (+0.26%)

Market closed · at close

1h—

24h▲ 0.3%

7d▼ 1.1%

14d▼ 1.7%

30d▲ 4.9%

1y▲ 19.6%

🏦Market Cap

$783M

Small Cap

📈Revenue Growth (YoY)

+46.1%

High Growth

📊Gross Margin

—

💵FCF Margin

18.0%

Healthy

⚖️P/S Ratio

2.1x

Cheap

Otter Score

Fair

Trading Snapshot

Day Range: $37.57 – $38.32
52-Week Range: $29.83 – $39.24
Volume: $2.23B
Avg Volume: $2.05B
Shares Outstanding: 20.6M
Next Earnings: Sep 26, 2026

Fundamentals Snapshot

Annual Revenue: $315M
Last Q Revenue: $83M
P/E Ratio: 11.6
P/S Ratio: 2.1x
EPS (TTM): $3.44
Dividend Yield: 2.62%

Why Investors Own IBCP

✓High-growth profile — revenue up +31.9% YoY with expanding US Equity exposure.
✓Healthy economics — 68% gross margin and 18% free-cash-flow margin.
✓New products and segments could unlock additional revenue streams.

⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

Financial Trends

Revenue (TTM)

$315M▲ +31.0% YoY

Gross Margin (TTM)

68.2%▼ −0.3% YoY

Operating Income (TTM)

$107M▲ +31.0% YoY

Free Cash Flow (TTM)

$57M▲ +31.0% YoY

About INDEPENDENT BANK CORP - MICH

As the holding company for Independent Bank, Independent Bank Corporation provides diverse banking services to both individual consumers and businesses. Its comprehensive suite of offerings includes checking and savings accounts, commercial lending, direct and indirect consumer financing, and mortgage solutions, along with safe deposit boxes. Customers also benefit from accessible automatic teller machines, internet banking, and mobile banking capabilities. The company further diversifies its portfolio with title insurance, insurance brokerage, and investment services. Headquartered in Grand Rapids, Michigan, and founded in 1864, Independent Bank Corporation reaches its clientele through roughly 59 branches, two drive-through facilities, and seven loan production offices across Michigan, in addition to two loan production offices in Ohio.

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