Accessibility Menu
Independent Bank logo

Independent Bank(NASDAQ) IBCP

Market Cap$813.38MMarket 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)+832%
5 Year+108%
1 Year+14%
1 Month-5%
Premium Feature
Moneyball Superscore
59/100
$36.87
+0.63%
+0.23Today
After hours$36.86-$0.02 (-0.04%)
Independent Bank last closing stock price
MetricPriceDate
Last closeUSD 36.642026-08-27
Independent Bank stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.66%USD 37.262026-08-20
1 month-4.56%USD 38.392026-07-28
3 month+7.54%USD 34.072026-05-29
Year to date+15.3%USD 31.782025-12-31
1 year+13.66%USD 32.242025-08-27
3 year+113.25%USD 17.182023-08-28
5 year+108.19%USD 17.602021-08-27
Since inception+831.59%USD 3.931988-04-19

Independent Bank Financials at a Glance

Market Cap

$813.38MMarket 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)

$316.02M

Net Income (TTM)

$71.75M

EPS (TTM)

$3.44

P/E Ratio

10.64

Dividend

$1.10

Beta (Volatility)

0.76 (Low)

Price

$36.87

Volume

152,648.403

Open

$36.71

Previous Close

$36.86

Daily Range

$36.71 - $37.02

52-Week Range

$29.83 - $39.24

Estimated Earnings Date

Oct 27, 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 Corporation helps people in Michigan manage money. It provides bank accounts and loans for buying homes. The bank also sells insurance and investment services.

What the Bank Offers

  • Commercial Lending: Financing solutions for business operations and real estate development; provided to companies across the Midwest.
  • Residential Mortgages: Home loans including 15-year and 30-year fixed-rate options for individual consumers.
  • Consumer Banking: Personal accounts for checking and savings along with direct and indirect vehicle financing.
  • Wealth Management: Insurance brokerage, title insurance, and investment tools for individuals and corporate clients.

Building Scale Through Mergers

  • Independent Bank merged with HCB Financial Corp on July 1, 2026.
  • The company paid $74.9 million in stock and cash for the business combination.
  • Management planned to combine Highpoint Community Bank into its main operations during late 2026.
  • The merger added $591 million in total assets and $539.9 million in deposits to the company.

Regional Focus and Funding

The bank maintains roughly 59 branches and nine loan production offices in Michigan and Ohio. It manages liquidity through secured credit lines with the Federal Home Loan Bank and the Federal Reserve.

Key Financial Performance

  • Market capitalization for the company reached $791.3 million as of mid-2026.
  • Net interest income (profit from lending) rose 7.3% to $94.8 million for the first six months of 2026.
  • Net interest margin, the difference between interest earned and paid, reached 3.71% in the second quarter of 2026.
  • The company accrued $1.85 million in the second quarter of 2026 to resolve litigation involving overdraft fees.
  • Total deposits reached $4.86 billion by June 30, 2026, driven by increases in savings and checking accounts.

The Path Forward

Independent Bank has evolved from a local lender into a diversified financial institution through strategic regional acquisitions. Its focus on Michigan and Ohio allows for concentrated growth in the Midwest banking market.

AI Generated • Aug 6, 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

71.30%

Operating Margin

26.72%

Net Income Margin

22.71%

Return on Equity

14.12%

Return on Capital

13.12%

Return on Assets

1.27%

Earnings Yield

9.40%

Dividend Yield

3.00%

Payout Ratio

31.08%

Stock Overview

Market Cap

$813.38MMarket 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

22.20M

Volume

152.65K

Avg. Volume

189.87K

Financials (TTM)

Gross Profit

$225.32M

Operating Income

$84.43M

EBITDA

$94.34M

Operating Cash Flow

$37.81M

Capital Expenditure

-$3.09M

Free Cash Flow

$34.72M

Cash & ST Invst.

$558.04M

Total Debt

$166.90M

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
Q32025-09-304.0%
Q42025-12-31-0.0%
Q12026-03-31-6.0%
Q22026-06-3010.7%
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
Q32025-09-303.7%
Q42025-12-316.0%
Q12026-03-31-9.0%
Q22026-06-3011.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$82.63M

+8.2%

Gross Profit

$60.52M

+14.3%

Gross Margin

73.24%

N/A

Market Cap

$813.38MMarket 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

$1.04M

N/A

Employees

781

N/A

Net Income

$18.81M

+11.4%

EBITDA

$25.10M

+8.7%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$558.04M

+66.0%

Total Debt

$166.90M

-8.0%

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$39.90M

-78.0%

Short Term Debt

$127.01M

N/A

Return on Assets

1.27%

N/A

Return on Invested Capital

12.51%

N/A

Free Cash Flow

$25.58M

+53.3%

Operating Cash Flow

$20.97M

+10.6%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
SMBCSouthern Missouri Bancorp, Inc.
$73.98-0.46%
ORRFOrrstown Financial Services, Inc.
$41.96-0.51%
SPFISouth Plains Financial, Inc.
$43.66+0.09%
GSBCGreat Southern Bancorp, Inc.
$78.87+0.43%

Trending Stocks

Symbol / CompanyPricePrice Chg
NVDANvidia
$217.55-0.05%
PCGPG&E
$16.60-0.08%
BITOProShares Trust - ProShares Bitcoin ETF
$10.45-0.03%
IRENIren
$35.45-0.13%

Questions About IBCP

What is the current price of Independent Bank?

Independent Bank is trading at $36.86 per share.

What is the 52-week range for Independent Bank?

Over the past 52 weeks, Independent Bank has traded between $29.83 and $39.24.

How much debt does Independent Bank have?

As of the most recent reporting period, Independent Bank reported total debt of $173.94M.

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 3.00%.

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