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    I

    Independent Bank Corporation (IBCP)

    Official site

    FINANCIAL SERVICES • BANKS - REGIONAL • NASDAQ

    $35.29
    +0.53 (+1.52%)

    Market Cap: $716.14M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    85%(33/39)
    Avg Surprise
    +14.63%
    Streak
    7 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.88
    Range$0.65 - $0.96
    5 analysts
    EPS Revisions
    3
    0
    7d
    3
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.86+2.1%
    60d ago$0.88-0.2%
    30d ago$0.88-0.2%
    7d ago$0.88-0.2%
    Current$0.88
    Revenue Consensus
    $55M
    Range$53M - $56M
    3 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.03
    Range$0.83 - $1.12
    5 analysts
    Revenue Consensus
    $47M
    Range$44M - $49M
    3 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.03---
    Sep 26EST
    		-$0.88---
    Jun 26
    Reported Jul 23
    		$0.90$0.85+5.88%Beat+9.8%
    Mar 26
    Reported Apr 23
    		$0.81$0.79+2.53%Beat+9.5%
    Dec 25
    Reported Jan 22
    		$0.89$0.84+5.95%Beat+2.3%
    Sep 25
    Reported Oct 28
    		$0.86$0.84+2.38%Beat+32.3%
    Jun 25
    Reported Jul 24
    		$0.82$0.79+3.80%Beat-6.8%
    Mar 25
    Reported Apr 24
    		$0.74$0.70+5.71%Beat+4.2%
    Dec 24
    Reported Jan 23
    		$0.87$0.76+14.47%Beat+10.1%
    Sep 24
    Reported Oct 24
    		$0.65$0.76-14.47%Miss-27.0%
    Jun 24
    Reported Jul 25
    		$0.88$0.70+25.71%Beat+44.3%
    Mar 24
    Reported Apr 25
    		$0.71$0.64+10.94%Beat+12.7%
    Dec 23
    Reported Jan 25
    		$0.79$0.70+12.86%Beat+8.2%
    Sep 23
    Reported Oct 24
    		$0.89$0.62+43.55%Beat+8.5%
    Jun 23
    Reported Jul 25
    		$0.61$0.59+3.39%Beat+24.5%
    Mar 23
    Reported Apr 27
    		$0.63$0.60+5.00%Beat+18.9%
    Dec 22
    Reported Jan 26
    		$0.73$0.73+0.00%Beat+25.9%
    Sep 22
    Reported Oct 25
    		$0.82$0.60+36.67%Beat+9.3%
    Jun 22
    Reported Jul 26
    		$0.49$0.55-10.91%Miss-24.6%
    Mar 22
    Reported Apr 26
    		$0.53$0.50+6.00%Beat-24.3%
    Dec 21
    Reported Jan 27
    		$0.58$0.65-10.77%Miss-24.7%
    Sep 21
    Reported Oct 26
    		$0.75$0.62+20.97%Beat-19.4%
    Jun 21
    Reported Jul 29
    		$0.65$0.67-2.99%Miss-3.0%
    Mar 21
    Reported Apr 27
    		$0.70$0.60+16.67%Beat+66.7%
    Dec 20
    Reported Jan 28
    		$0.77$0.61+26.23%Beat+24.2%
    Sep 20
    Reported Oct 27
    		$0.93$0.48+93.75%Beat+69.1%
    Jun 20
    Reported Jul 28
    		$0.67$0.25+168.00%Beat+21.8%
    Mar 20
    Reported Apr 30
    		$0.42$0.37+13.51%Beat-8.7%
    Dec 19
    Reported Jan 23
    		$0.62$0.55+12.73%Beat+51.2%
    Sep 19
    Reported Oct 24
    		$0.55$0.50+10.00%Beat+12.2%
    Jun 19
    Reported Jul 25
    		$0.55$0.48+14.58%Beat+19.6%
    Mar 19
    Reported Apr 22
    		$0.46$0.45+2.22%Beat+9.5%
    Dec 18
    Reported Jan 29
    		$0.41$0.48-14.58%Miss+17.1%
    Sep 18
    Reported Oct 25
    		$0.49$0.46+6.52%Beat+53.1%
    Jun 18
    Reported Jul 26
    		$0.46$0.40+15.00%Beat+70.4%
    Mar 18
    Reported Apr 23
    		$0.42$0.37+13.51%Beat+50.0%
    Dec 17
    Reported Jan 30
    		$0.35$0.34+2.94%Beat+0.0%
    Sep 17
    Reported Oct 26
    		$0.32$0.32+0.00%Beat-
    Jun 17
    Reported Jul 27
    		$0.27$0.29-6.90%Miss-
    Mar 17
    Reported Apr 24
    		$0.28$0.28+0.00%Beat-
    Dec 16
    Reported Jan 26
    		$0.35$0.27+29.63%Beat-

    Dividends

    Dividend Metrics

    Forward Yield3.17%
    Forward Annual Dividend$1.12
    Payout Ratio34.03%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+5.73%
    5Y CAGR+5.39%
    IBCP dividend history and ex-dividend datesRun IBCP in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio10.20EV/EBITDA9.39x
    Price/FCF30.30xFCF Yield3.30%
    Profitability
    Profit Margin31.10%Operating Margin39.90%
    ROE14.40%ROIC10.32%
    Financial Health
    Debt/Equity0.32xInterest Coverage1.01x
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta0.72Avg Volume209.02K
    52-Week High$38.9552-Week Low$29.07

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$35.55
    SMA 20$35.59
    SMA 50$36.60
    SMA 200$34.92
    EMA 10$35.41
    EMA 20$35.69
    EMA 50$36.10
    EMA 200$34.89

    MACD

    Line: -0.36Signal: -0.34Hist: -0.02

    ADX

    ADX: 24.7+DI: 17.1-DI: 28.5

    Aroon & PSAR

    Aroon Up4.0
    Aroon Down96.0
    PSAR$36.75

    Bollinger Bands

    Upper Band$36.33
    Lower Band$34.85
    %B Position416%(Upper)
    Band Width0.30

    RSI (14-Day)

    Neutral
    43.5

    Momentum Oscillators

    Stoch %K22.0
    Stoch %D26.3
    Williams %R-66.5
    ROC (10d)-0.8%
    Momentum-0.28
    CCI (20d)-90.7
    MFI (14d)39.1

    Volatility Measures

    ATR (14d)$0.65(1.8%)
    StdDev (20d)0.37
    Hist Vol15.9%(Low)

    Volume Flow

    VWAP$35.21
    OBV1.9M
    AD Line-68.5M
    CMF (20d)-0.122

    Volume Metrics

    Avg Vol (20d)211.8K
    Vol Ratio1.4x
    VWMA (20d)$35.61

    Pivot Points

    R3$35.69
    R2$35.41
    R1$35.09
    Pivot Point$34.81
    S1$34.48
    S2$34.20
    S3$33.88

    Advanced Oscillators

    TSI-16.80
    Ultimate Osc45.5
    KST-33.19

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$63.24M$58.90M$58.31M$57.30M$55.94M$54.11M$61.97M$51.36M$56.52M$52.76M$49.21M$55.04M
    Cost of RevenueN/A$19.68M$22.99M$25.91M$23.37M$23.36M$26.68M$28.08M$24.87M$25.02M$24.98M$24.81M
    Gross ProfitN/A$54.94M$56.39M$53.48M$52.96M$51.36M$57.86M$47.95M$54.88M$51.13M$47.91M$51.60M
    Operating Expenses$37.81M$38.31M$36.08M$34.13M$33.76M$34.26M$36.99M$32.58M$33.33M$32.19M$31.88M$32.04M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating IncomeN/A$20.23M$20.31M$21.18M$20.68M$19.13M$22.77M$17.29M$23.17M$19.82M$17.95M$21.65M
    Interest Income$67.29M$66.17M$67.42M$69.29M$66.88M$66.14M$66.98M$68.33M$66.34M$65.13M$65.36M$62.43M
    Interest Expense$19.39M$19.31M$21.07M$23.93M$22.26M$22.46M$24.13M$26.48M$24.99M$24.93M$25.25M$23.00M
    Income Before Tax$22.71M$20.23M$20.31M$21.18M$20.68M$19.13M$22.77M$17.29M$23.17M$19.82M$17.95M$21.65M
    Income Tax Expense$3.90M$3.35M$1.74M$3.67M$3.80M$3.54M$4.31M$3.48M$4.64M$3.83M$4.20M$4.11M
    Net Income$18.80M$16.88M$18.57M$17.50M$16.88M$15.59M$18.46M$13.81M$18.53M$15.99M$13.74M$17.54M
    EBITDA$25.10M$22.60M$22.70M$23.94M$23.08M$21.48M$25.25M$19.80M$25.67M$22.33M$20.49M$24.18M
    EBIT$22.71M$20.23M$20.31M$21.18M$20.68M$19.13M$22.77M$17.29M$23.17M$19.82M$17.95M$21.65M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Independent Bank brings headquarters, dozens of workers to downtown Grand Rapids

    Independent Bank has officially opened its new downtown Grand Rapids headquarters at 98 Ottawa Ave. NW, following an $8 million investment in purchasing and renovating the building. This move brings approximately 60...

    MLive.com•10/8/26•Bullish

    Independent Bank Shares Rise After Piper Sandler Upgrade

    This article reports on the shares of Independent Bank (IBCP) rising following an upgrade by Piper Sandler. The upgrade from "Neutral" to "Overweight" indicates increased confidence in the bank's stock performance. This...

    Moomoo•10/3/26•Bullish

    Piper Sandler Upgrades Independent Bank (Ionia MI)(IBCP.US) to Buy Rating, Maintains Target Price $42

    Piper Sandler has upgraded its rating for Independent Bank (Ionia MI) (IBCP.US) to a Buy from Neutral, while reiterating its price target of $42. This upgrade suggests an optimistic outlook for the company's stock...

    Moomoo•10/2/26•Bullish

    Independent Bank Corporation Announces Third Quarter 2026 Earnings Release and Conference Call Date

    Independent Bank Corporation (NASDAQ: IBCP) announced it will release its third quarter 2026 financial results on Thursday, October 15, 2026...

    Moomoo•9/30/26•Neutral

    A Michigan bank expects results Oct. 27; its leaders discuss them at 11 a.m.

    Independent Bank Corporation (NASDAQ: IBCP) announced it expects to release its third-quarter 2026 results on October 27, 2026, at approximately 8:00 am ET. The company's leadership...

    Stock Titan•9/29/26•Neutral

    IBCP Valuation and Fair Value

    P/E
    10.2x
    Forward P/E
    12.1x
    EV/EBITDA
    9.4x
    P/FCF
    30.3x
    PEG
    1.4x
    P/B
    1.5x
    See GNG's fair value

    IBCP Profitability: Margins, ROIC and FCF

    Operating margin
    39.9%
    Net margin
    31.1%
    ROIC
    10.3%
    ROE
    14.4%
    FCF margin
    10.9%
    FCF yield
    3.3%

    IBCP Competitors

    CompanyTicker
    Carlyle Secured Lending IncCGBD
    FinVolution GroupFINV
    Amark PreciAMRK
    Green Dot CorporationGDOT
    MainStay CBRE Global Infrastructure Megatrends FundMEGI
    Community West BancsharesCWBC
    VersaBankVBNK
    Washington Trust Bancorp IncWASH

    Sector: Financial Services

    IBCP Analyst Ratings

    Consensus
    Hold
    Analysts
    5
    Strong Buy
    0
    Buy
    1
    Hold
    4
    Sell
    0
    Strong Sell
    0

    IBCP Bull Case vs Bear Case

    Bull case

    • IBCP has a 31.1% net profit margin.
    • IBCP beat EPS estimates in 87.5% of its last 8 reported quarters.
    • IBCP grew quarterly revenue 11.2% year over year.

    IBCP Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    3.3%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.88
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    3 up, 1 down

    IBCP Dividend

    Forward yield
    3.2%
    Payout ratio
    34.0%
    3Y DPS growth
    5.7%
    5Y DPS growth
    5.4%
    Pay months
    Feb, May, Aug, Nov
    IBCP dividend history

    Frequently Asked Questions About IBCP

    What is IBCP's current dividend yield?

    Independent Bank Corporation (IBCP) has a forward dividend yield of 3.17%.

    Does IBCP pay dividends?

    Yes, Independent Bank Corporation pays dividends with a forward dividend yield of 3.17%.

    What is IBCP's P/E ratio?

    Independent Bank Corporation has a price-to-earnings (P/E) ratio of 10.20.

    What is IBCP's market cap?

    Independent Bank Corporation (IBCP) has a market capitalization of $716.14M with a current stock price of $35.29.

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