IBCP INDEPENDENT BANK CORP /MI/

$37.01 +0.64%

Updated 17 d ago

INDEPENDENT BANK CORP /MI/ (IBCP) is a financial company in the State Commercial Banks industry, with a market capitalization of $821 million. Shares last traded at $37.01, 7.5% below their 52-week high. Over the past year the stock is up 13.3%. IBCP trades at a price-to-earnings ratio of 11.45, below the State Commercial Banks median of 12.54. Net profit margin is 22.8%, above the peer median of 21.2%. Revenue grew 0.3% year over year. The shares yield 2.9% in dividends.

Market Cap

$821M

Shares Out

22.2M

EPS (TTM)

$4.81

P/E Ratio

7.69

P/S Ratio

2.60

P/B Ratio

1.55

Dividend / Share

$1.08

Dividend Yield

2.92%

52-Week High

$40.00

52-Week Low

$29.50

Volume

9,140

Avg Vol (3m)

10,943.73

Performance

+0.94%

-3.66%

+8.27%

+6.52%

YTD

+14.98%

+13.27%

Chart

Full chart →

Daily candles · volume · SMA(20)/SMA(50) · Databento EQUS.MINI.

Technicals

RSI (14)

48.68

SMA (50)

$37.06

SMA (200)

$34.79

Price vs SMA50

-0.14%

Price vs SMA200

+6.37%

ATR (14)

$0.69

Full technical analysis (26 indicators, D/W/M) →

Financials

Revenue

$315M

Net Income

$72M

Gross Margin

—

Operating Margin

—

Net Margin

22.8%

Return on Equity

13.6%

Return on Assets

1.3%

Current Ratio

—

Debt / Equity

9.72

Revenue Growth (YoY)

+0.3%

Latest reported annual period ending 2026-06-30 · SEC EDGAR/XBRL.

Full financials — revenue, cash flow & debt over time →

IBCP Dividend History

Dividend / share (TTM)

$1.08

Dividend yield

2.92%

Per-share growth (5y CAGR)

+5.4%

Payout ratio (latest FY)

32%

Fiscal year end	Total dividends paid	Per share*	Payout ratio
2025-12-31	$22M	$1.04	32%
2024-12-31	$20M	$0.96	30%
2023-12-31	$19M	$0.92	33%
2022-12-31	$19M	$0.88	29%
2021-12-31	$18M	$0.84	29%
2020-12-31	$18M	$0.80	31%
2019-12-31	$17M	$0.72	36%
2018-12-31	$14M	$0.60	35%
2017-12-31	$9M	$0.42	44%
2016-12-31	$7M	$0.34	32%
2015-12-31	$6M	$0.26	29%
2014-12-31	$4M	$0.18	23%

*Per share derived as total dividends paid ÷ weighted diluted shares (SEC EDGAR/XBRL annual cash-flow facts). Reported history — not a forecast of future dividends.

Compare payers on the highest-dividend-yield screener.

Recent earnings

Period	EPS (diluted)	Reported
Q2 2026	$1.72	2026-08-05
Q1 2026	$0.81	2026-05-06
FY 2025	$3.27	2026-03-06
FY 2025	$0.84	2026-03-06
Q2 2026	$1.54	2026-08-05
Q1 2026	$0.74	2026-05-06

Full earnings history →

State Commercial Banks peers

IBCP vs 14 industry peers (State Commercial Banks), by market cap. Updated 17 d ago

P/E vs peers

11.45 / 12.54 med

-9% discount

P/S vs peers

2.60 / 2.73 med

-5% discount

Net margin vs peers

22.8% / 21.2% med

above median

1–14 of 14


BNY	BNY Mellon	$111.5B	17.70	2.74	15.5%	+1.40%
STT	State Street Corporation	$53.3B	15.42	3.54	23.0%	+2.04%
FITB	Fifth Third Bancorp	$49.9B	21.25	3.85	18.1%	+1.07%
MTB	M&T Bank	$34.7B	11.43	2.62	22.9%	+1.92%
NTRS	Northern Trust	$34.3B	15.30	2.40	15.7%	+1.85%
CFG	Citizens Financial Group	$29.8B	14.03	2.47	17.6%	+1.53%
FCNCA	First Citizens Bancshares Inc /De/	$25.9B	10.98	2.69	24.5%	+1.26%
EWBC	East West Bancorp Inc	$17.9B	12.37	3.83	30.9%	+1.28%
ALLY	Ally Financial Inc.	$13.3B	9.12	1.68	18.4%	+2.18%
BPOP	Popular, Inc.	$10.9B	11.28	2.46	21.8%	+0.46%
SSB	Southstate Bank Corp	$10.4B	10.93	2.76	25.3%	+0.76%
WTFC	Wintrust Financial Corp	$10.4B	11.50	2.45	21.3%	+0.79%
WAL	Western Alliance Bancorporation	$8.8B	8.99	1.65	18.3%	+2.36%
PB	Prosperity Bancshares Inc	$8.7B	15.48	5.01	32.3%	+0.46%

Source: SEC EDGAR (fundamentals/EPS/dividends) · Databento EQUS.MINI (prices) · market cap & yield computed by tradmap. Informational only — not financial advice.