Summary
32.85 0.07(0.21%)11/01/2024
Independent Bank Corporation (Ionia, MI) (IBCP)
Independent Bank Corporation (Ionia, MI) (IBCP)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 0.21 | 0.83 | 1.62 | -1.79 | 31.14 | 65.08 | 73.26 | 715.14 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 32.85 | |
| Open | 33.13 | |
| High | 33.24 | |
| Low | 32.50 | |
| Volume | 55,123 | |
| Change | 0.07 | |
| Change % | 0.21 | |
| Avg Volume (20 Days) | 64,803 | |
| Volume/Avg Volume (20 Days) Ratio | 0.85 | |
| 52 Week Range | 19.71 - 35.97 | |
| Price vs 52 Week High | -8.67% | |
| Price vs 52 Week Low | 66.67% | |
| Range | -0.85 | |
| Gap Up/Down | -0.55 | |
Fundamentals | ||
| Market Capitalization (Mln) | 678 | |
| EBIDTA | 0 | |
| PE Ratio | 8.7653 | |
| PEG Ratio | 2.3300 | |
| WallStreet Target Price | 27.00 | |
| Book Value | 19.8800 | |
| Earnings Per Share | 2.9400 | |
| EPS Estimate Current Quarter | 0.6400 | |
| EPS Estimate Next Quarter | 0.6900 | |
| EPS Estimate Current Year | 2.9500 | |
| EPS Estimate Next Year | 2.9300 | |
| Diluted EPS (TTM) | 2.9400 | |
| Revenues | ||
| Profit Marging | 0.3013 | |
| Operating Marging (TTM) | 0.3961 | |
| Return on asset (TTM) | 0.0120 | |
| Return on equity (TTM) | 0.1585 | |
| Revenue TTM | 205,976,992 | |
| Revenue per share TTM | 9.8460 | |
| Quarterly Revenue Growth (YOY) | 0.1110 | |
| Quarterly Earnings Growth (YOY) | 0.2460 | |
| Gross Profit (TTM) | 206,129,000 | |
| Dividends | ||
| Dividend Share | 0.9300 | |
| Dividend Yield | 0.0373 | |
| Valuations | ||
| Trailing PE | 8.7653 | |
| Forward PE | 8.4962 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.2033 | |
| Revenue Enterprise Value | 0.0000 | |
| EBITDA Enterprise Value | 0.0000 | |
| Shares | ||
| Shares Outstanding | 20,902,400 | |
| Shares Float | 19,087,067 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.01 | |
| Insider (%) | 4.58 | |
| Institutions (%) | 80.97 | |
10/28 21:16 EST - seekingalpha.com
Independent Bank: Fairly Valued With A Stable Earnings Outlook
Independent Bank's efforts to boost loan growth will likely compensate for a sub-optimal operating environment in Michigan. The net interest margin could slip further because of interest rate cuts. I've slightly raised my earnings estimate for 2024, as most income statement line items have slightly outperformed my expectations.
Independent Bank: Fairly Valued With A Stable Earnings Outlook
Independent Bank's efforts to boost loan growth will likely compensate for a sub-optimal operating environment in Michigan. The net interest margin could slip further because of interest rate cuts. I've slightly raised my earnings estimate for 2024, as most income statement line items have slightly outperformed my expectations.
10/24 14:13 EST - seekingalpha.com
Independent Bank Corporation (IBCP) Q3 2024 Earnings Call Transcript
Independent Bank Corporation (NASDAQ:IBCP ) Q3 2024 Earnings Call Transcript October 24, 2024 11:00 AM ET Company Participants Brad Kessel - President & Chief Executive Officer Joel Rahn - Executive President & Head of Commercial Banking Gavin Mohr - Executive Vice President & Chief Financial Officer Conference Call Participants Brendan Nosal - Hovde Group Peter Winter - D.A. Davidson Adam Kroll - Piper Sandler Matt Renck - KBW John Rodis - Janney Operator Hello everyone, and welcome to the Independent Bank Corporation Reports 2024 Third Quarter Results.
Independent Bank Corporation (IBCP) Q3 2024 Earnings Call Transcript
Independent Bank Corporation (NASDAQ:IBCP ) Q3 2024 Earnings Call Transcript October 24, 2024 11:00 AM ET Company Participants Brad Kessel - President & Chief Executive Officer Joel Rahn - Executive President & Head of Commercial Banking Gavin Mohr - Executive Vice President & Chief Financial Officer Conference Call Participants Brendan Nosal - Hovde Group Peter Winter - D.A. Davidson Adam Kroll - Piper Sandler Matt Renck - KBW John Rodis - Janney Operator Hello everyone, and welcome to the Independent Bank Corporation Reports 2024 Third Quarter Results.
10/24 12:06 EST - zacks.com
Independent Bank (IBCP) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Independent Bank (IBCP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Independent Bank (IBCP) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Independent Bank (IBCP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
10/24 10:16 EST - zacks.com
Independent Bank (IBCP) Misses Q3 Earnings and Revenue Estimates
Independent Bank (IBCP) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.83 per share a year ago.
Independent Bank (IBCP) Misses Q3 Earnings and Revenue Estimates
Independent Bank (IBCP) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.83 per share a year ago.
10/24 07:59 EST - globenewswire.com
Independent Bank Corporation Reports 2024 Third Quarter Results
Third Quarter Highlights Highlights for the third quarter of 2024 include: Increases in net interest income of $0.5 million (or 4.9% annualized) from June 30, 2024; An increase in tangible book value per share of $3.69 (22.3%) over the third quarter of 2023; Net growth in core deposits of $100.1 million (or 8.9% annualized) from June 30, 2024; Net growth in loans of $90.4 million (or 9.3% annualized) from June 30, 2024; and The payment of a 24 cent per share dividend on common stock on August 15, 2024. GRAND RAPIDS, Mich.
Independent Bank Corporation Reports 2024 Third Quarter Results
Third Quarter Highlights Highlights for the third quarter of 2024 include: Increases in net interest income of $0.5 million (or 4.9% annualized) from June 30, 2024; An increase in tangible book value per share of $3.69 (22.3%) over the third quarter of 2023; Net growth in core deposits of $100.1 million (or 8.9% annualized) from June 30, 2024; Net growth in loans of $90.4 million (or 9.3% annualized) from June 30, 2024; and The payment of a 24 cent per share dividend on common stock on August 15, 2024. GRAND RAPIDS, Mich.
10/22 10:03 EST - globenewswire.com
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 24 cents per share. This dividend is payable on November 15, 2024 to shareholders of record on November 5, 2024.
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 24 cents per share. This dividend is payable on November 15, 2024 to shareholders of record on November 5, 2024.
09/23 12:51 EST - globenewswire.com
Independent Bank Corporation Announces Date for Its Third Quarter 2024 Earnings Release
GRAND RAPIDS, Mich., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 third quarter results on Thursday, October 24, 2024, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company's website.
Independent Bank Corporation Announces Date for Its Third Quarter 2024 Earnings Release
GRAND RAPIDS, Mich., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 third quarter results on Thursday, October 24, 2024, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company's website.
08/02 08:22 EST - zacks.com
New Strong Buy Stocks for August 2nd
SVM, IBCP, TMDX, WT and YELP have been added to the Zacks Rank #1 (Strong Buy) List on August 2, 2024.
New Strong Buy Stocks for August 2nd
SVM, IBCP, TMDX, WT and YELP have been added to the Zacks Rank #1 (Strong Buy) List on August 2, 2024.
08/02 05:06 EST - zacks.com
Best Value Stocks to Buy for August 2nd
IBCP, BTE, and SVM made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 2, 2024.
Best Value Stocks to Buy for August 2nd
IBCP, BTE, and SVM made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 2, 2024.
07/25 10:11 EST - zacks.com
Independent Bank (IBCP) Surpasses Q2 Earnings and Revenue Estimates
Independent Bank (IBCP) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.70 per share a year ago.
Independent Bank (IBCP) Surpasses Q2 Earnings and Revenue Estimates
Independent Bank (IBCP) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.70 per share a year ago.
07/22 12:45 EST - zacks.com
Independent Bank (IBCP) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
Independent Bank (IBCP) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
06/28 12:26 EST - globenewswire.com
Independent Bank Corporation Announces Date for Its Second Quarter 2024 Earnings Release
GRAND RAPIDS, Mich., June 28, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 second quarter results on Thursday, July 25, 2024, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company's website.
Independent Bank Corporation Announces Date for Its Second Quarter 2024 Earnings Release
GRAND RAPIDS, Mich., June 28, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 second quarter results on Thursday, July 25, 2024, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company's website.
06/19 12:45 EST - zacks.com
Independent Bank (IBCP) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
Independent Bank (IBCP) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
06/03 12:46 EST - zacks.com
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
05/17 12:46 EST - zacks.com
Why Independent Bank (IBCP) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
Why Independent Bank (IBCP) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
05/01 12:46 EST - zacks.com
Why Independent Bank (IBCP) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
Why Independent Bank (IBCP) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
04/25 20:50 EST - seekingalpha.com
Independent Bank Corporation (IBCP) Q1 2024 Earnings Call Transcript
Independent Bank Corporation (NASDAQ:IBCP ) Q1 2024 Results Conference Call April 25, 2024 11:00 AM ET Company Participants William Kessel - President and CEO Joel Rahn - EVP, Commercial Lending Gavin Mohr - CFO Conference Call Participants Brendan Nosal - Hovde Group Damon DelMonte - KBW John Rodis - Janney Operator Ladies and gentlemen, thank you for standing by. Welcome to the Independent Bank Corporation Reports 2024 First Quarter Results.
Independent Bank Corporation (IBCP) Q1 2024 Earnings Call Transcript
Independent Bank Corporation (NASDAQ:IBCP ) Q1 2024 Results Conference Call April 25, 2024 11:00 AM ET Company Participants William Kessel - President and CEO Joel Rahn - EVP, Commercial Lending Gavin Mohr - CFO Conference Call Participants Brendan Nosal - Hovde Group Damon DelMonte - KBW John Rodis - Janney Operator Ladies and gentlemen, thank you for standing by. Welcome to the Independent Bank Corporation Reports 2024 First Quarter Results.
04/25 10:16 EST - zacks.com
Independent Bank (IBCP) Q1 Earnings and Revenues Top Estimates
Independent Bank (IBCP) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.61 per share a year ago.
Independent Bank (IBCP) Q1 Earnings and Revenues Top Estimates
Independent Bank (IBCP) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.61 per share a year ago.
04/25 07:59 EST - globenewswire.com
Independent Bank Corporation Reports 2024 First Quarter Results
First Quarter Highlights Highlights for the first quarter of 2024 include: Increases in net income and diluted earnings per share of 23.1% and 24.6%, respectively, over first quarter of 2023; An increase in tangible book value per share of $2.50 (15.7%) over the first quarter of 2023; Net growth in core deposits of $95.7 million (or 9.0% annualized) from December 31, 2023; Net growth in loans of $49.1 million (or 5.3% annualized) from December 31, 2023; and The payment of a 24 cent per share dividend on common stock on February 15, 2024. GRAND RAPIDS, Mich.
Independent Bank Corporation Reports 2024 First Quarter Results
First Quarter Highlights Highlights for the first quarter of 2024 include: Increases in net income and diluted earnings per share of 23.1% and 24.6%, respectively, over first quarter of 2023; An increase in tangible book value per share of $2.50 (15.7%) over the first quarter of 2023; Net growth in core deposits of $95.7 million (or 9.0% annualized) from December 31, 2023; Net growth in loans of $49.1 million (or 5.3% annualized) from December 31, 2023; and The payment of a 24 cent per share dividend on common stock on February 15, 2024. GRAND RAPIDS, Mich.