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Ticker
IBCP

Price
30.40
Stock movement up
+0.03 (0.10%)
Company name
Independent Bank Corporation
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Financial Services >
Banks - Regional
Market cap
635.18M
Ent value
5.32B
Price/Sales
2.03
Price/Book
1.40
Div yield
3.42%
Div growth
8.92%
Growth years
8
FCF payout
36.53%
Trailing P/E
10.23
Forward P/E
9.99
PEG
1.28
EPS growth
10.68%
1 year return
26.09%
3 year return
18.28%
5 year return
16.44%
10 year return
8.30%
Last updated: 2025-06-22

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share1.04
Dividend yield3.42%
Payout frequencyQuarterly
Maximum yield6.51%
Average yield4.07%
Minimum yield2.46%
Discount to avg yield-19.02%
Upside potential-15.98%
Yield as % of max yield52.56%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield3.42%
Current yield distribution81.51%
Yield at 100% (Min)2.46%
Yield at 90%2.94%
Yield at 80%3.49%
Yield at 50% (Median)3.93%
Yield at 20%4.77%
Yield at 10%5.34%
Yield at 0% (Max)6.51%

Dividend per share

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Dividend per share data
Years of growth8 years
CCC statusDividend Challenger
Dividend per share1.04
Payout frequencyQuarterly
Ex-div date5 May 2025
EPS (TTM)2.94
EPS (1y forward)3.04
EPS growth (5y)10.68%
EPS growth (5y forward)8.00%

Dividend growth

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Dividend growth data
IBCPS&P500
DGR MR8.33%-13.74%
DGR TTM5.38%6.60%
DGR 3 years4.77%5.24%
DGR 5 years8.92%5.40%
DGR 10 years-7.07%
DGR 15 years-8.52%6.12%
Time since last change announced81 days
EPS growth (5y)10.68%
EPS growth (5y forward)8.00%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM31.94%36.53%
Average--
Forward34.19%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E10.23
Price to OCF10.64
Price to FCF11.71
Price to EBITDA14.20
EV to EBITDA118.97

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales2.03
Price to Book1.40
EV to Sales16.98

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

FINANCIALS

Per share

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Per share data
Current share count20.89M
EPS (TTM)2.94
FCF per share (TTM)2.57

Income statement

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Income statement data
Revenue (TTM)313.26M
Gross profit (TTM)321.15M
Operating income (TTM)130.95M
Net income (TTM)62.07M
EPS (TTM)2.94
EPS (1y forward)3.04

Margins

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Margins data
Gross margin (TTM)102.52%
Operating margin (TTM)41.80%
Profit margin (TTM)19.82%

Balance Sheet

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Balance Sheet data
Cash121.56M
Net receivables0.00
Total current assets772.79M
Goodwill28.30M
Intangible assets1.62M
Property, plant and equipment0.00
Total assets5.26B
Accounts payable0.00
Short/Current long term debt79.35M
Total current liabilities1.02B
Total liabilities4.81B
Shareholder's equity452.37M
Net tangible assets0.00

Cash flow

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Cash flow data
Operating cash flow (TTM)59.71M
Capital expenditures (TTM)5.45M
Free cash flow (TTM)54.26M
Dividends paid (TTM)19.82M

Financial returns

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Financial returns data
Return on Equity13.72%
Return on Assets1.18%
Return on Invested Capital13.71%
Cash Return on Invested Capital11.99%

iO Charts is a Seeking Alpha partner

STOCK INFORMATION

Stock chart

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Stock price data
Open30.56
Daily high30.61
Daily low30.19
Daily Volume130K
All-time high285.62
1y analyst estimate37.20
Beta0.98
EPS (TTM)2.94
Dividend per share1.04
Ex-div date5 May 2025
Next earnings date23 Jul 2025

Downside potential

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Downside potential data
IBCPS&P500
Current price drop from All-time high-89.36%-3.04%
Highest price drop-99.65%-56.47%
Date of highest drop16 Dec 20109 Mar 2009
Avg drop from high-54.37%-11.04%
Avg time to new high22 days12 days
Max time to new high5106 days1805 days

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

COMPANY DETAILS
IBCP (Independent Bank Corporation) company logo
Marketcap
635.18M
Marketcap category
Small-cap
Description
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 branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Employees
741
Investor relations
SEC filings
CEO
William Bradford Kessel
Country
USA
City
Grand Rapids
Stock type
Common stock
CCC status
Dividend Challenger
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

UNDERSTAND THE BUSINESS
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