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- Ticker
- IBCP
- Price
- 30.40
- Stock movement down
- -0.14 (-0.45%)
- Company name
- Independent Bank Corporation
- Exchange
- (NASDAQ ,
- Currency
- USD )
- Sector
- Financial Services >Banks - Regional
- Market cap
- 647.17M
- Ent value
- 5.33B
- Price/Sales
- 2.07
- Price/Book
- 1.43
- Div yield
- 3.33%
- Div growth
- 8.92%
- Growth years
- 8
- FCF payout
- 36.53%
- Trailing P/E
- 10.43
- Forward P/E
- 9.30
- PEG
- 1.30
- EPS growth
- 10.68%
- 1 year return
- -4.14%
- 3 year return
- 12.91%
- 5 year return
- 15.37%
- 10 year return
- 7.95%
Last updated: 2025-09-12
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 share | 1.04 |
| Dividend yield | 3.33% |
| Payout frequency | Quarterly |
| Maximum yield | 6.51% |
| Average yield | 3.99% |
| Minimum yield | 2.46% |
| Discount to avg yield | -19.79% |
| Upside potential | -16.52% |
| Yield as % of max yield | 51.13% |
Yield distribution (inverse percentile) - 5y
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Yield distribution data
| Dividend yield | 3.33% |
| Current yield distribution | 80.63% |
| Yield at 100% (Min) | 2.46% |
| Yield at 90% | 2.94% |
| Yield at 80% | 3.35% |
| Yield at 50% (Median) | 3.88% |
| Yield at 20% | 4.61% |
| Yield at 10% | 5.17% |
| Yield at 0% (Max) | 6.51% |
Dividend per share
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Dividend per share data
| Years of growth | 8 years |
| CCC status | Dividend Challenger |
| Dividend per share | 1.04 |
| Payout frequency | Quarterly |
| Ex-div date | 5 Aug 2025 |
| EPS (TTM) | 2.94 |
| EPS (1y forward) | 3.36 |
| EPS growth (5y) | 10.68% |
| EPS growth (5y forward) | 8.00% |
Dividend growth
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Dividend growth data
| IBCP | S&P500 | |
| DGR MR | 8.33% | -13.74% |
| DGR TTM | 6.38% | 6.60% |
| DGR 3 years | 4.77% | 5.24% |
| DGR 5 years | 8.92% | 5.40% |
| DGR 10 years | - | 7.07% |
| DGR 15 years | -8.52% | 6.12% |
| Time since last change announced | 190 days |
| EPS growth (5y) | 10.68% |
| EPS growth (5y forward) | 8.00% |
Payout ratio
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Payout ratio data
| EPS coverage | FCF coverage | |
| TTM | 31.94% | 36.53% |
| Average | - | - |
| Forward | 30.93% | - |
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
VALUATION
Valuation Ratios
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Valuation Ratios data
| Trailing P/E | 10.43 |
| Price to OCF | 10.84 |
| Price to FCF | 11.93 |
| Price to EBITDA | 14.47 |
| EV to EBITDA | 119.24 |
Valuation (Sales/Book Value)
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Valuation (Sales/Book Value) data
| Price to Sales | 2.07 |
| Price to Book | 1.43 |
| EV to Sales | 17.02 |
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 count | 20.71M |
| 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) | 3.36 |
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
| Cash | 121.56M |
| Net receivables | 0.00 |
| Total current assets | 772.79M |
| Goodwill | 28.30M |
| Intangible assets | 1.62M |
| Property, plant and equipment | 0.00 |
| Total assets | 5.26B |
| Accounts payable | 0.00 |
| Short/Current long term debt | 79.35M |
| Total current liabilities | 1.02B |
| Total liabilities | 4.81B |
| Shareholder's equity | 452.37M |
| Net tangible assets | 0.00 |
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 Equity | 13.72% |
| Return on Assets | 1.18% |
| Return on Invested Capital | 13.71% |
| Cash Return on Invested Capital | 11.99% |
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
STOCK INFORMATION
Stock chart
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Stock price data
| Open | 31.34 |
| Daily high | 31.44 |
| Daily low | 31.01 |
| Daily Volume | 58K |
| All-time high | 285.62 |
| 1y analyst estimate | 35.40 |
| Beta | 0.85 |
| EPS (TTM) | 2.94 |
| Dividend per share | 1.04 |
| Ex-div date | 5 Aug 2025 |
| Next earnings date | 28 Oct 2025 |
Downside potential
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Downside potential data
| IBCP | S&P500 | |
| Current price drop from All-time high | -89.06% | -1.46% |
| Highest price drop | -99.65% | -56.47% |
| Date of highest drop | 16 Dec 2010 | 9 Mar 2009 |
| Avg drop from high | -54.53% | -10.99% |
| Avg time to new high | 22 days | 12 days |
| Max time to new high | 5149 days | 1805 days |
iO Charts is a Seeking Alpha partner
iO Charts is a Seeking Alpha partner
COMPANY DETAILS
Marketcap
647.17M
Marketcap category
Small-cap
Description
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Employees
732
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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COMPANY NEWS
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