Independent Bank Corporation

IBCP | NASDAQ

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$35.89

-$0.34 (-0.94%)

At close: Sep 21, 2026, 4:00 PM ET

$35.71

-$0.18 (-0.50%)

Pre-market: Sep 22, 2026, 4:30 AM ET

Overview Rating Statistics Financials Earnings Analysts Ownership Dividends Profile

Market Data

Market Cap $746.56M

Enterprise Value $348.42M

Beta 0.70

Average Volume 180.01K

Shares Outstanding (Diluted) 20.81M

Shares Change YoY -0.66%

Institutional Ownership 85.91%

Exchange NASDAQ

ISIN US4538386099

Price Performance

Price Change 1M -3.4%

Price Change 3M 1.9%

Price Change 6M 9.8%

Price Change YTD 11.5%

Price Change 1Y 14.6%

Price Change 3Y 98.5%

Price Change 5Y 69.6%

1M CAGR (ann.) -5.9%

1Y CAGR (ann.) 19.9%

5Y CAGR (ann.) 16.8%

All-Time CAGR -6.6%

Valuation

PE Ratio 10.43

Forward PE 9.23

PEG Ratio 0.82

Forward PEG 1.19

PS Ratio 2.34

Forward PS 2.60

PB Ratio 1.40

P/FCF Ratio 28.64

P/Adj. FCF Ratio 31.91

P/OCF Ratio 19.51

EV/Sales 1.10

EV/EBIT 4.13

EV/EBITDA 3.79

EV/FCF 13.49

Earnings Yield 9.6%

FCF Yield 3.5%

Adj. FCF Yield 3.1%

Financial Health

Net Cash $391.14M

Total Debt $166.9M

Cash & Short-Term Investments $558.04M

Total Assets $5.66B

Current Ratio 0.11

Quick Ratio 0.11

Debt / Equity Ratio 0.32

Debt / EBITDA 1.82

Debt / FCF 6.46

OCF / Debt 0.21

Interest Coverage 1.01

Altman Z-Score -0.68

Piotroski F-Score 7

Margins & Profitability

Gross Profit Margin 71.3%

Operating Profit Margin 26.7%

EBITDA Margin 29.9%

Net Profit Margin 22.7%

FCF Margin 8.2%

Adj. FCF Margin 7.3%

SBC / Revenue 1.1%

SBC Impact (per share) -10.3%

Returns

Return on Assets 1.3%

Return on Equity 14.1%

Return on Invested Capital -1.7%

Return on Capital Employed 12.5%

Return on Tangible Assets 1.3%

Historical Growth (CAGR)

Revenue CAGR 3Y 7.4%

Revenue CAGR 5Y 7.4%

Revenue CAGR 10Y 10.6%

EPS CAGR 3Y 6.7%

EPS CAGR 5Y 1.3%

EPS CAGR 10Y 13.6%

FCF CAGR 3Y -29.4%

FCF CAGR 5Y -17.0%

FCF CAGR 10Y -0.8%

Analyst Forecasts

Analyst Rating Hold

Analyst Count 8

EPS Growth Next 3Y N/A

Revenue Growth Next 3Y N/A

Earnings Date N/A

EPS Estimate (next Q) N/A

EPS Growth Est (next Q) N/A

Revenue Est (next Q) N/A

Revenue Growth Est (next Q) N/A

Fair Value Estimates

Graham Number $44.56

Graham Upside 24.2%

Lynch Fair Value $17.20

Lynch Upside -52.1%

Price Target $39.50

Price Target Upside 10.1%

Cash Flow

Operating Cash Flow $35.81M

Free Cash Flow $25.83M

Adj. Free Cash Flow $23.18M

FCF Per Share $1.68

OCF Per Share $1.84

OCF/S Ratio 12.0%

Income Statement

Revenue $316.02M

Gross Profit $225.32M

Operating Income $84.43M

EBITDA $91.95M

Net Income $71.75M

EPS (Diluted) $3.44

Revenue / Employee $404.63K

Profit / Employee $91.87K

Employees 781

Dividends

Annual Dividend $1.10

Dividend Yield 3.06%

Payout Ratio 32.0%

FCF Payout Ratio 84.9%

Adj. FCF Payout Ratio 94.6%

Dividend Growth (YoY) 7.8%

Pay Frequency Quarterly

Ex-Dividend Date Aug 3, 2026