Independent Bank Stock (NASDAQ:IBCP)
Previous Close
$33.16
52W Range
$16.90 - $35.97
50D Avg
$31.23
200D Avg
$26.24
Market Cap
$675.37M
Avg Vol (3M)
$120.55K
Beta
0.98
Div Yield
$0.96 (2.94%)
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.
IBCP Performance
Revenue Breakdown
Revenue Breakdown by Product/Service
| Product/Service | Dec 21 | Dec 20 | Dec 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
Peer Comparison
| Ticker | Company |
|---|---|
| HBCP | Home Bancorp, Inc. |
| GSBC | Great Southern Bancorp, Inc. |
| LSBK | Lake Shore Bancorp, Inc. |
| FCCO | First Community Corporation |
| HFWA | Heritage Financial Corporation |
| CWBC | Community West Bancshares |
| FFNW | First Financial Northwest, Inc. |
| HMNF | HMN Financial, Inc. |
| HFBL | Home Federal Bancorp, Inc. of Louisiana |
| FNWB | First Northwest Bancorp |
| HTBI | HomeTrust Bancshares, Inc. |