Independent Bank Corporation (IBCP) Stock

Independent Bank Corporation (IBCP) is a Financials stock trading at $37.11 (as of 2026-08-21), with a market capitalization of $823.82M and a trailing P/E of 11.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Independent Bank Corporation is the bank holding company for Independent Bank, providing retail and business banking services such as deposit accounts, commercial lending, consumer financing, mortgage lending, and safe deposit box services, along with ATM and online/mobile banking. Services are offered through branches and loan production offices in Michigan and Ohio.

Understand Independent Bank Corporation: how it makes money

Independent Bank Corporation operates as the bank holding company for Independent Bank, which provides checking and savings accounts, commercial lending, consumer and mortgage lending, safe deposit box services, and ATM plus Internet and mobile banking, and it also offers title insurance, insurance brokerage, and investment services to individuals and businesses.

For a bank, sustainable earnings depend on balancing how much lending the bank supports versus its funding base, while keeping credit quality in check, which is captured here by the Loan to Deposit Ratio and the Non-Performing Loans Ratio.

Business quality (Solid): The provided snapshot includes no official reportable segment breakdown, and the financials show revenue_b as 0.0 for 2026-03-31, so this panel should rely more on the listed operating quality and activity metrics than on the financial line items.

Valuation: At 10× earnings, IBCP trades 19% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Credit quality metrics are low: Non-Performing Loans Ratio is 0.54%, and Non-Performing Assets Ratio is 0.51%.
  • Re-structured loan performance looks steady: Troubled Debt Restructured Loans Current Percentage is 96.5%, and Loans 30 to 89 Days Delinquent is 0.0.

Bear case

  • There is still an identifiable stressed-credit footprint: Commercial Watch List Percentage is 3.3%, Commercial Watch Credits is 3.1%, and Past Due Loans are 0.01 USD_B.
  • Credit risk exposure includes a troubled debt restructuring balance: Troubled Debt Restructuring Portfolio Balance is 0.03 USD_B.
Valuation — source: SEC EDGAR (first-party)
Price$37.11
Market Cap$823.82M
P/E Ratio11.5
EV / EBITDA7.0
Price / Book1.56
Price / Sales25.23
FCF Yield3.1%
DCF Value (model)$49.78
DCF Upside vs Price34.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$32.08M
Net Margin213.7%
Revenue Growth (YoY)4.1%
EPS Growth (YoY)12.3%
FCF Growth (YoY)0.2%
Valuation vs Sector & Industry
Stock P/E11.5
Sector P/E (Financials)15.1
Industry P/E (Banking)13.0
vs Sector-24.0%
vs Industry-11.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($96.34M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOWilliam Bradford Kessel
Employees732
CountryUS
IPO Date1985-09-04

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

  • First Community Bankshares, Inc. (FCBC)
  • Capital City Bank Group, Inc. (CCBG)
  • Great Southern Bancorp, Inc. (GSBC)
  • Eagle Bancorp, Inc. (EGBN)
  • South Plains Financial, Inc. (SPFI)
  • Orrstown Financial Services, Inc. (ORRF)
  • Washington Trust Bancorp, Inc. (WASH)
  • Coastal Financial Corporation (CCB)
IBCP earnings history · IBCP institutional & insider holders · IBCP KPIs & operating metrics · IBCP financials · IBCP investor presentations & press releases · IBCP SEC filings · IBCP peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.