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NASDAQ · Banks - Regional · USD

Independent Bank Corporation (IBCP) Stock Analysis

Independent Bank Corporation (IBCP) is a Banks - Regional stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

IBCP

$35.99

−$0.34 (−0.94%)

Oct 21, 2026 · Market close

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Price History

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IBCP Key Statistics

As of Oct 21, 2026
Trading
Open
$36.33
Previous Close
$36.33
Day's Range
35.71–36.39
52-Week Range
29.83–39.24
Volume
160.61K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.73
Valuation
Market Cap
$741.49M
P/E Ratio
10.43
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
9.28
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.40
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.21
EPS (ttm)Profit attributable to each share over the last twelve months.
3.45
Financials (FY)
Revenue (FY)
$218.33M+1.17%
Net Income (FY)
$68.54M+2.62%
Profit marginThe share of revenue left as profit after all costs and taxes.
31.09%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
20.60M
1-Year Return
+15.65%
Dividend and dates
Dividend
$1.12+3.08%
Ex-Dividend Date
August 4, 2026
Earnings Date
October 27, 2026
Avg Volume
192.54K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, IBCP closed at $35.99, +15.65% over 1 year.

Independent Bank Corporation (IBCP) has a market capitalization of $741.49M.

In fiscal 2025, IBCP reported revenue of $218.33M.

IBCP Stock Return by Calendar Year

Independent Bank Corporation (IBCP) 10-year return: what $10,000 became

1 year
$10,000 $11,565
+15.65%
5 years
$10,000 $19,680
+96.80%
10 years
$10,000 $30,803
+208.03%

If you had invested $10,000 in Independent Bank Corporation (IBCP) 10 years ago, at the close on October 21, 2016, it would have been worth $30,803 at the close on October 21, 2026: +208.03% in total, +11.91% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+13.26%
2025−3.48%
2024+38.48%
2023+14.02%
2022+4.35%
2021+34.30%
2020−14.28%
2019+11.37%
2018−3.50%
2017+4.99%
2016 (partial year)+37.31%

As of October 21, 2026.

IBCP Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$218.33M$68.54M31.4%
2024$215.80M$66.79M30.9%
2023$200.48M$59.07M29.5%
2022$204.79M$63.35M30.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$218.33M——$68.54M31.4%
2024$215.80M——$66.79M30.9%
2023$200.48M——$59.07M29.5%
2022$204.79M——$63.35M30.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

IBCP Dividend History

$1.04+8.3% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.843—
2025$1.044+8.3%
2024$0.964+4.3%
2023$0.924+4.5%
YearDividends per sharePaymentsChange
2026 (partial year)$0.843—
2025$1.044+8.3%
2024$0.964+4.3%
2023$0.924+4.5%
2022$0.884+4.8%
2021$0.844+5.0%
2020$0.804+11.1%
2019$0.724+20.0%
2018$0.604+42.9%
2017$0.424+320.0%
2016$0.101—

Most recent payment: $0.28 per share, ex-dividend August 4, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

IBCP Valuation vs Banks - Regional Median

Median of 326 stocks
MetricIBCPBanks - Regional medianvs median
P/E10.4312.0313% below
P/S ratio3.213.5810% below
Profit margin31.09%29.44%1.7 pts above

Medians across 326 Banks - Regional stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 7 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Independent Bank Corporation (IBCP) is capitalised at $741.49M on the latest close. The company sits in the Financial Services sector, in the Banks - Regional industry. The company reports 735 employees.

The most recent close on file for IBCP is $35.99, dated October 21, 2026. That is −$0.34 (−0.94%) against the previous close. The 52-week range on file runs from $29.83 to $39.24. The latest close sits 20.65% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $218.33M. That is +1.17% against the prior fiscal year, when revenue was $215.80M. Net income for the same year was $68.54M. That is +2.62% against the prior fiscal year. Profit margin runs at 31.09%. That is 1.7 percentage points above the Banks - Regional median of 29.44%. Trailing earnings per share are 3.45.

Across the 4 fiscal years on file, revenue moves from $204.79M in 2022 to $218.33M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 10.43 times earnings. That is 13.3% below the Banks - Regional median of 12.03. On forward earnings the ratio is 9.28. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.4. The price-to-sales ratio is 3.21. On price-to-sales that is 10.21% below the Banks - Regional median of 3.58. 326 Banks - Regional companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.73. Annualized volatility over the trailing 10 years is 34.68%. The trailing one-year total return is +15.65%. Measured over 10 years, that is +11.91% a year compounded.

Growth & Income

Shareholders receive a dividend, yielding 3.08% on the latest price. That is 0.4 percentage points above the Banks - Regional median yield of 2.68%. The indicated annual rate is $1.12 a share. The ex-dividend date on file is August 4, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $0.84 a share. The year before, 2025, totalled $1.04 a share.

Across the complete calendar years on file, 2024 returned +38.48% and 2020 returned −14.28%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the total return is +13.26%.

Peer Comparison

Independent Bank Corporation (IBCP) operates in the Banks - Regional industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Independent Bank Corporation IBCP $741.49M 10.4
Mizuho Financial Group, Inc. MFG $120.84B 13.7
HDFC Bank Limited HDB $116.51B 14.6
Itaú Unibanco Holding S.A. ITUB $106.91B 12.4

The Banks - Regional industry average P/E ratio is 12.0x. Independent Bank Corporation trades at a P/E of 10.4.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Independent Bank Corporation

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.

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