Accessibility Menu
Independent Bank logo

Independent Bank

(NASDAQ) IBCP

Current Price$36.38
Market Cap$750.27MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1988)+853%
5 Year+114%
1 Year+10%
1 Month+6%
Independent Bank last closing stock price
MetricPriceDate
Last closeUSD 36.412026-07-17
Independent Bank stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+1.48%USD 35.882026-07-10
1 month+6.24%USD 34.272026-06-17
3 month+5.54%USD 34.502026-04-17
Year to date+13.74%USD 32.012025-12-31
1 year+9.56%USD 33.232025-07-17
3 year+112.96%USD 17.102023-07-18
5 year+113.81%USD 17.032021-07-16
Since inception+852.83%USD 3.961988-04-19

Independent Bank Financials at a Glance

Market Cap

$750.27MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$309.72M

Net Income (TTM)

$69.83M

EPS (TTM)

$3.35

P/E Ratio

10.88

Dividend

$1.08

Beta (Volatility)

0.78 (Low)

Price

$36.38

Volume

14,136

Open

$37.39

Previous Close

$36.38

Daily Range

$36.27 - $37.48

52-Week Range

$29.63 - $39.17

Estimated Earnings Date

Jul 23, 2026

IBCP News

No articles available.

IBCP: Motley Fool Moneyball Superscore

59

Our CEO Is Handing Members His Secret Weapon

It's called Motley Fool Moneyball, our new proprietary AI tool

We spent over half a million dollars in R&D to build a tool that makes stock research faster, sharper, and smarter. Our analysts use it every day, and now, you can too.

Get Access Now

About Independent Bank

Independent Bank helps Michigan families and businesses manage their money. It provides loans for homes, cars, and growing local companies. Customers use neighborhood branches or mobile apps for daily banking.

The Core Business

  • Loan Interest: Includes earnings and fees from various lending activities; accounts for 75.7% of 2025 revenue.
  • Non-Interest Income: Comprises service fees, title insurance, and investment service revenue; accounts for 14.5% of 2025 revenue.
  • Mortgage Banking: Involves originating and selling residential home loans to generate net gains for the company.
  • Consumer Loans: Provides direct and indirect financing for personal purchases such as motor vehicles.
  • Business Lending: Offers funding for commercial operations, equipment, and other industrial needs.

Expansion and New Legislation

  • Acquired Traverse City State Bank in April 2018 to expand its presence across the Michigan market.
  • Implemented a digital strategy to handle increasing transaction volumes through mobile and internet channels.
  • Adapted operations to comply with the Reconciliation Act of 2025, also known as the One Big Beautiful Bill.
  • Maintained 79 Michigan facilities and one Ohio office to serve its regional customer base.

What Makes This Bank Different?

The bank uses artificial intelligence to support its lending and operational systems. It maintains a community focus by encouraging staff to volunteer with local organizations in served markets.

Recent Gains by the Numbers

  • Net income reached $16.9 million in Q1 2026, up 8.2% year-over-year.
  • Operating income hit $20.2 million in Q1 2026, up 5.8% from Q1 2025.
  • Gross profit was $54.9 million in Q1 2026, representing a 7% increase from the previous year.
  • Market capitalization rose to $685.1 million in Q1 2026, up 6.2% year-over-year.

The Evolution of the Bank

Independent Bank has transitioned from an 1864 local startup into a modern regional financial provider. Its strategy balances traditional Michigan community banking with expanded digital services and artificial intelligence integration.

AI Generated • May 4, 2026

Industry

Banks

Sector

Financials

Employees

826

CEO

William Bradford Kessel, MBA, CPA

Website

www.independentbank.com

Headquarters

Grand Rapids, MI 49525, US

IBCP Financials

Key Financial Metrics (TTM)

Gross Margin

70.31%

Operating Margin

26.60%

Net Income Margin

22.54%

Return on Equity

14.15%

Return on Capital

13.12%

Return on Assets

1.26%

Earnings Yield

9.19%

Dividend Yield

2.97%

Payout Ratio

31.40%

Stock Overview

Market Cap

$750.27MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

20.61M

Volume

14.14K

Avg. Volume

171.45K

Financials (TTM)

Gross Profit

$217.77M

Operating Income

$82.40M

EBITDA

$92.32M

Operating Cash Flow

$35.81M

Capital Expenditure

-$9.98M

Free Cash Flow

$25.83M

Cash & ST Invst.

$48.48M

Total Debt

$74.11M

Independent Bank Performance Analysis

Independent Bank annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 234,130,0006.9%
20232023-12-31USD 289,699,00023.7%
20242024-12-31USD 320,355,00010.6%
20252025-12-31USD 315,391,000-1.5%
Independent Bank sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-302.1%
Q32025-09-304.0%
Q42025-12-31-0.0%
Q12026-03-31-6.0%
Independent Bank annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.973.1%
20232023-12-31USD 2.79-6.2%
20242024-12-31USD 3.1613.4%
20252025-12-31USD 3.273.3%
Independent Bank sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-309.5%
Q32025-09-303.7%
Q42025-12-316.0%
Q12026-03-31-9.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$74.62M

-0.1%

Gross Profit

$54.94M

+7.0%

Gross Margin

73.63%

N/A

Market Cap

$750.27MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$908.32K

N/A

Employees

826

N/A

Net Income

$16.88M

+8.2%

EBITDA

$22.60M

+5.2%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$48.48M

-92.6%

Total Debt

$74.11M

-40.4%

Accounts Receivable

$18.86M

N/A

Inventory

$0.00

N/A

Long Term Debt

$73.02M

-41.3%

Short Term Debt

$1.09M

N/A

Return on Assets

1.26%

N/A

Return on Invested Capital

1.48%

N/A

Free Cash Flow

-$13.77M

-145.0%

Operating Cash Flow

-$9.16M

-128.9%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
SPFISouth Plains Financial, Inc.
$45.96+3.86%
ORRFOrrstown Financial Services, Inc.
$41.34-1.76%
BCALCalifornia BanCorp
$21.23-1.60%
SMBKSmartFinancial, Inc.
$48.15-1.01%

Trending Stocks

Symbol / CompanyPricePrice Chg
ONDSOndas
$6.53-0.02%
AALAmerican Airlines Group
$14.98-0.04%
NOKNokia
$10.12-0.03%
NUNu Holdings
$13.59-0.01%

Questions About IBCP

What is the current price of Independent Bank?

Independent Bank is trading at $36.38 per share.

What is the 52-week range for Independent Bank?

Over the past 52 weeks, Independent Bank has traded between $29.63 and $39.17.

How much debt does Independent Bank have?

As of the most recent reporting period, Independent Bank reported total debt of $74.11M.

How much cash does Independent Bank have on hand?

Independent Bank does not have cash on hand data available.

What is Independent Bank’s dividend yield?

Independent Bank currently has a dividend yield of 2.97%.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services