Independent Bank Corporation
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📈 ZcoreAI Score
Our AI model analyzes Independent Bank Corporation's price action across multiple timeframes using regression channels and statistical scoring.
Get IBCP Z-Score →About Independent Bank Corporation
Financial Services
Banks - Regional
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.
📊 Fundamental Analysis
Independent Bank Corporation demonstrates exceptional profitability, with a profit margin of 31.2%.
The company recently reported -5.6% revenue growth, which is negative, indicating a recent decline in revenue.
Return on Equity (ROE) is 14.3%, which exceeds the Financial Services sector average, reflecting efficient capital allocation.
At a current price of $34.67, IBCP currently sits at the 71st percentile of its 52-week range (Range: $28.05 - $37.39).
💰 Valuation Insight
IBCP is valued broadly in line with the sector at a PE of 10.60. Analysts expect earnings growth, as indicated by a lower forward PE.
🏥 Financial Health
✅
Profit Margin
Excellent
🔴
Revenue Growth
Weak
⚠️
Return on Equity
Moderate
✅
Beta (Risk)
Low Volatility
Key Financials
Market Cap
$713.71M
Trailing P/E
10.60
Forward P/E
9.17
Beta (5Y)
0.75
52W High
$37.39
52W Low
$28.05
Avg Volume
181K
Day High
Day Low