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.
infoIndependent Bank is a small cap stock with a total market cap of 395.64M.
infoThey trade on the NASDAQ and had their IPO 37 years and 11 months ago.
infoIndependent Bank currently employs 803 people.
infoAs of Wednesday, Aug 23 2023, Independent Bank’s share price is $18.89.
News Relating to Independent Bank
Zacks Investment Research
Independent Bank (IBCP) Q2 Earnings and Revenues Top Estimates
Tuesday Jul 25 2023 at 10:53
Independent Bank (IBCP) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.61 per share a year ago.
Zacks Investment Research
Independent Bank (IBCP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Tuesday Jul 25 2023 at 10:53
While the top- and bottom-line numbers for Independent Bank (IBCP) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
GlobeNewsWire
Independent Bank Corporation Announces Date for Its Second Quarter 2023 Earnings Release
Thursday Jun 29 2023 at 08:17
GRAND RAPIDS, Mich., June 29, 2023 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2023 second quarter results on Tuesday, July 25, 2023, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website.
Seeking Alpha
Independent Bank Corporation (IBCP) Q1 2023 Earnings Call Transcript
Saturday Apr 29 2023 at 14:15
Independent Bank Corporation (NASDAQ:IBCP ) Q1 2023 Results Conference Call April 27, 2023 11:00 AM ET Company Participants Brad Kessel – President and CEO Gavin Mohr – EVP and CFO Joel Rahn – EVP, Commercial Banking for Independent Conference Call Participants Brendan Nosal – Piper Sandler Erik Zwick – Hovde Group Matt Renck – KBW Manuel Navas – D.A. Davidson Operator Hello, everyone, and welcome to the Independent Bank Corporation Reports 2023 First Quarter Results.
Zacks Investment Research
Independent Bank (IBCP) Beats Q1 Earnings Estimates
Thursday Apr 27 2023 at 10:38
Independent Bank (IBCP) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.84 per share a year ago.
GuruFocus
5 Small Stocks That Whet My Appetite Now
Monday Apr 17 2023 at 10:32
Small stocks are generally riskier than large ones, have fewer Wall Street analysts tracking them and are more likely to have extremely good (or bad) results. I love them.
GlobeNewsWire
Independent Bank Corporation Announces Date for Its First Quarter 2023 Earnings Release
Wednesday Mar 29 2023 at 16:19
GRAND RAPIDS, Mich., March 29, 2023 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2023 first quarter results on Thursday, April 27, 2023, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website.
Zacks Investment Research
New Strong Sell Stocks for February 10th
Friday Feb 10 2023 at 08:17
GNSS, COP and IBCP have been added to the Zacks Rank #5 (Strong Sell) List on February 10, 2023.
Seeking Alpha
Independent Bank Corporation (IBCP) Q4 2022 Earnings Call Transcript
Thursday Jan 26 2023 at 14:32
Independent Bank Corporation (NASDAQ:IBCP ) Q4 2022 Earnings Conference Call January 26, 2023 11:00 AM ET Company Participants William Kessel – President & CEO Joel Rahn – EVP & Head of Commercial Banking Gavin Mohr – EVP & CFO Conference Call Participants Erik Zwick – Hovde Group Matthew Renck – KBW Brendan Nosal – Piper Sandler Operator Welcome and thank you for joining the Independent Bank Corporation 2022 Fourth Quarter and Full Year Earnings Call. At this time, all participants are in a listen-only mode.
Zacks Investment Research
Will Independent Bank (IBCP) Beat Estimates Again in Its Next Earnings Report?
Thursday Jan 12 2023 at 13:33
Independent Bank (IBCP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Zacks Investment Research
Surging Earnings Estimates Signal Upside for Independent Bank (IBCP) Stock
Tuesday Nov 01 2022 at 13:33
Independent Bank (IBCP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Seeking Alpha
Independent Bank Corporation (IBCP) Q3 2022 Earnings Call Transcript
Tuesday Oct 25 2022 at 13:44
Independent Bank Corporation (NASDAQ:IBCP ) Q3 2022 Earnings Conference Call October 25, 2022 11:00 AM ET Company Participants William Kessel – President and Chief Executive Officer Joel Rahn – Executive Vice President and Head of Commercial Banking Gavin Mohr – Executive Vice President and Chief Financial Officer Conference Call Participants Erik Zwick – Hovde Group Operator Hello, and welcome to today’s call. My name is Candice, and I will be your moderator.
GlobeNewsWire
Independent Bank Corporation Announces Date for Its Third Quarter 2022 Earnings Release
Wednesday Sep 28 2022 at 11:06
GRAND RAPIDS, Mich., Sept. 28, 2022 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2022 third quarter results on Tuesday, October 25, 2022, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website.
Zacks Investment Research
Are Investors Undervaluing Independent Bank (IBCP) Right Now?
Tuesday Sep 27 2022 at 11:17
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Seeking Alpha
Independent Bank Corporation (IBCP) CEO Brad Kessel on Q2 2022 Results – Earnings Call Transcript
Tuesday Jul 26 2022 at 16:28
Independent Bank Corporation (NASDAQ:IBCP ) Q2 2022 Earnings Conference Call July 26, 2022 11:00 AM ET Company Participants Brad Kessel – President and Chief Executive Officer Joel Rahn – Executive Vice President and Head of Commercial Banking Gavin Mohr – Executive Vice President and Chief Financial Officer Conference Call Participants Brendan Nosal – Piper Sandler Matt Rank – KBW Operator Good morning. Ladies and gentlemen thank you for joining.
Zacks Investment Research
Independent Bank (IBCP) Beats Q2 Earnings and Revenue Estimates
Tuesday Jul 26 2022 at 10:53
Independent Bank (IBCP) delivered earnings and revenue surprises of 8.93% and 6.16%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Zacks Investment Research
Best Income Stocks to Buy for July 19th
Tuesday Jul 19 2022 at 12:23
KW, IBCP, and PPBI made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 19, 2022.
Zacks Investment Research
Best Value Stocks to Buy for July 15th
Friday Jul 15 2022 at 06:46
CVLG, IBCP, and GIL made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 15, 2022.
Zacks Investment Research
Best Income Stocks to Buy for July 15th
Friday Jul 15 2022 at 05:16
IBCP, PBR, and MRK made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 15, 2022.
Zacks Investment Research
Best Value Stocks to Buy for July 13th
Wednesday Jul 13 2022 at 06:55
IBCP, BECN, and GIL made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 13, 2022.
Zacks Investment Research
Best Income Stocks to Buy for July 13th
Wednesday Jul 13 2022 at 05:24
KMI, IBCP, and UFCS made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 13, 2022.
GlobeNewsWire
Independent Bank Corporation Announces Date for Its Second Quarter 2022 Earnings Release
Wednesday Jun 29 2022 at 11:02
GRAND RAPIDS, Mich., June 29, 2022 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2022 second quarter results on Tuesday, July 26, 2022, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website.
Zacks Investment Research
Should Value Investors Buy Independent Bank (IBCP) Stock?
Friday May 27 2022 at 11:18
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Zacks Investment Research
Best Income Stocks to Buy for May 25th
Wednesday May 25 2022 at 13:03
PSEC, CIB, and IBCP made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 25, 2022.
Zacks Investment Research
Best Value Stocks to Buy for May 13th
Friday May 13 2022 at 07:32
GEO, OAS, and IBCP made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 13, 2022.
Zacks Investment Research
New Strong Buy Stocks for May 11th
Wednesday May 11 2022 at 08:17
WSM, IBCP, PFS, TTI, and GLAD have been added to the Zacks Rank #1 (Strong Buy) List on May 11, 2022.
Zacks Investment Research
Best Value Stocks to Buy for May 11th
Wednesday May 11 2022 at 06:02
BBSI, WSM, and IBCP made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 11, 2022.
Zacks Investment Research
Are Investors Undervaluing Independent Bank (IBCP) Right Now?
Tuesday May 10 2022 at 11:17
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Zacks Investment Research
Here’s Why Independent Bank (IBCP) is Poised for a Turnaround After Losing 11% in 4 Weeks
Monday May 02 2022 at 11:18
Independent Bank (IBCP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Zacks Investment Research
Independent Bank (IBCP) Moves to Strong Buy: Rationale Behind the Upgrade
Friday Apr 29 2022 at 13:33
Independent Bank (IBCP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Independent Bank Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Independent Bank’s Altman Z-score is 1.8 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
Independent Bank Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has sold $40.99K of common stock in Independent Bank on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Independent Bank’s Income Quality of 1.18 is in line with its Industry Group of 1.3 (-9.2% lower)
Independent Bank’s Income Quality of 1.18 is lower than its Major Industry Group of 1.32 (-10.6% lower)
Independent Bank’s Income Quality of 1.18 is greater than its Sector of 0.58 (103.4% greater)
Derived from SEC.GOV filing dataopen_in_new
Data is unavailable for Current Ratio
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Independent Bank’s PE Ratio of 6.58 is lower than its Industry Group of 7.82 (-15.9% lower)
Independent Bank’s PE Ratio of 6.58 is lower than its Major Industry Group of 8.01 (-17.9% lower)
Independent Bank’s PE Ratio of 6.58 is lower than its Sector of 7.86 (-16.3% lower)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
Learn more at Investopediaopen_in_new
Independent Bank’s PB Ratio of 0.08 is lower than its Industry Group of 0.58 (-86.2% lower)
Independent Bank’s PB Ratio of 0.08 is lower than its Major Industry Group of 0.36 (-77.8% lower)
Independent Bank’s PB Ratio of 0.08 is lower than its Sector of 0.72 (-88.9% lower)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Independent Bank’s ROE of 0.01 is lower than its Industry Group of 0.08 (-87.5% lower)
Independent Bank’s ROE of 0.01 is lower than its Major Industry Group of 0.02 (-50.0% lower)
Independent Bank’s ROE of 0.01 is lower than its Sector of 0.04 (-75.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Independent Bank’s ROCE of 0.02 is in line with its Industry Group of 0.02
Independent Bank’s ROCE of 0.02 is in line with its Major Industry Group of 0.02
Independent Bank’s ROCE of 0.02 is in line with its Sector of 0.02
Derived from SEC.GOV filing dataopen_in_new