Independent Bank Stock (NASDAQ:IBCP)


ForecastRevenueOwnershipFinancialsChartTranscripts

Previous Close

$32.90

52W Range

$20.02 - $35.97

50D Avg

$33.24

200D Avg

$28.07

Market Cap

$683.73M

Avg Vol (3M)

$103.65K

Beta

0.98

Div Yield

$0.96 (2.93%)

IBCP Company Profile


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.

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Industry

Banks - Regional

Sector

Financial Services

Exchange

NASDAQ

ADR

-

Country

US

Employees

741

IPO Date

Sep 04, 1985

Website

IBCP Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 21Dec 20Dec 19
Overdraft Fees$8.43M$5.63M$7.59M
Interchange Income$14.04M$11.23M$10.30M
Asset Management Revenue$1.69M$1.28M$1.12M
Account Service Charges$1.13M$2.02M$2.10M
Investment and Insurance Commissions$2.60M$1.97M$1.66M
Other Deposit Related Income$2.28M$2.31M$2.79M
Service Charges on Deposits$10.17M$8.52M$11.21M
Transaction Based Revenue$914.00K$688.00K$535.00K
ATM Fees$1.11M$1.17M$1.37M
Other$819.00K$769.00K$965.00K

Fiscal year ends in Dec 23 | Currency in USD

IBCP Financial Summary


Dec 23Dec 22Dec 21
Revenue$294.56M$204.57M$199.03M
Operating Income$258.06M$97.23M$77.31M
Net Income$59.07M$63.35M$62.90M
EBITDA-$108.06M$89.44M
Basic EPS$2.81$2.90$2.91
Diluted EPS$2.81$2.90$2.88

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q3 24Oct 24, 24 | 2:13 PM
Q2 24Jul 25, 24 | 2:31 PM
Q1 24Apr 25, 24 | 12:00 AM

Peer Comparison


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