NASDAQ: IBCPIndependent Bank Corp Stock
$29.99-0.13 (-0.43%)
Updated Apr 21, 2025
IBCP Price
$29.99
Fair Value Price
$24.97
Market Cap
$628.97M
52 Week Low
$22.53
52 Week High
$40.32
P/E
9.37x
P/B
1.38x
P/S
3.34x
PEG
N/A
Dividend Yield
3.27%
Revenue
$218.14M
Earnings
$66.79M
Gross Margin
100%
Operating Margin
38.07%
Profit Margin
30.6%
Debt to Equity
10.74
Operating Cash Flow
$63M
Beta
0.92
Next Earnings
Apr 23, 2025
Ex-Dividend
N/A
Next Dividend
N/A
IBCP Overview
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Zen Rating
Our proven quant model uses 115 proprietary factors, including AI, to determine IBCP's potential to beat the market
CHold
- Stocks with a Zen Rating of Hold (C) had an average return of +7.53% per year. Learn More
Zen Rating Component Grades
C
Zen Rating uses advanced AI algorithms that detect subtle patterns in market data; it anticipates future trends that point to superior stock price results.
Industry: Bank
Industry Rating
F
IBCP
Ranked#109 of 296
Ranked#109 of 296
Top Ranked Stocks in Industry
| Name / Ticker | Price | Zen Rating |
|---|---|---|
| $12.60 | B | |
| $14.23 | B | |
| $30.90 | B |
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IBCP News
Overview
Due Diligence Score
–
Industry Average (33)
You've viewed Due Diligence Score for 10/10 free stocks. Upgrade to Premium to see how IBCP scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.
Due Diligence Checks
IBCP ($29.99) is overvalued by 20.09% relative to our estimate of its Fair Value price of $24.97 based on Discounted Cash Flow (DCF) modelling
Below Fair Value Valuation
IBCP ($29.99) is not significantly undervalued (20.09%) relative to our estimate of its Fair Value price of $24.97 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
IBCP is forecast by analysts... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
There are 35 more IBCP due diligence checks available for Premium users.
Valuation
IBCP fair value
Fair Value of IBCP stock based on Discounted Cash Flow (DCF)
Price
$29.99
Fair Value
$24.97
Overvalued by
20.09%
IBCP ($29.99) is overvalued by... subscribe to Premium to read more.
Below Fair Value Valuation
IBCP ($29.99) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
IBCP is forecast by analysts... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
IBCP price to earnings (PE)
For valuing profitable companies with steady earnings
Company
9.37x
Industry
13.07x
Market
27.14x
IBCP is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
IBCP is good value based... subscribe to Premium to read more.
P/E vs Market Valuation
IBCP price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
1.38x
Industry
1.07x
IBCP is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation
IBCP's financial health
Profit margin
Revenue
$59.8M
Net Income
$18.5M
Profit Margin
30.9%
IBCP's Earnings (EBIT) of $83.05M... subscribe to Premium to read more.
Interest Coverage Financials
IBCP's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials
Assets to liabilities
Assets
$5.3B
Liabilities
$4.9B
Debt to equity
10.74
IBCP's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
IBCP's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials
Cash flow
Operating
$16.4M
Investing
-$85.2M
Financing
$67.2M
IBCP's operating cash flow ($63.15M)... subscribe to Premium to read more.
Debt Coverage Financials
IBCP vs Bank Stocks
Independent Bank Stock FAQ
Company
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