Latest market price
37.35
+0.78+2.13%
TA
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Snapshot
| Index | — | P/E | 10.99 | EPS (ttm) | 3.40 | Insider Own | 3.14% | Shs Outstand | 22.08M | Perf Week | 0.92% |
| Market Cap | 824.74M | Forward P/E | 9.42 | EPS next Y | 3.97 | Insider Trans | -0.96% | Shs Float | 21.18M | Perf Month | 2.69% |
| Enterprise Value | 280.74M | PEG | 1.02 | EPS next Q | 0.91 | Short Float | 3.16% | Perf Quarter | -2.86% | ||
| Income | 73.00M | P/S | 2.55 | EPS this Y | 3.70% | Short Ratio | 3.46 | Perf Half Y | 13.04% | ||
| Sales | 323.00M | P/B | 1.43 | EPS next Y | 16.03% | ROA | 1.15% | Short Interest | 668.30K | Perf YTD | 14.82% |
| Book/sh | 26.13 | P/C | 1.40 | EPS next 5Y | 10.81% | ROE | 13.61% | 52W High | 39.24 -4.82% | Perf Year | 20.45% |
| Cash/sh | 26.63 | P/FCF | 23.56 | EPS past 3/5Y | 3.26% 5.27% | ROIC | 10.12% | 52W Low | 29.83 25.21% | Perf 3Y | 95.55% |
| Dividend Est. | 1.12 (3.00%) | EV/EBITDA | 3.05 | Sales past 3/5Y | 12.04% 8.04% | Gross Margin | 71.61% | Volatility | 2.66% 2.00% | Perf 5Y | 70.00% |
| Dividend TTM | 1.10 (2.95%) | EV/Sales | 0.87 | EPS Y/Y TTM | 4.29% | Oper. Margin | 26.25% | ATR (14) | 0.79 | Perf 10Y | 125.27% |
| Dividend Ex-Date | Nov 03, 2026 | Quick Ratio | — | Sales Y/Y TTM | 2.54% | Profit Margin | 22.33% | RSI (14) | 60.73 | Recom | 2.63 |
| Dividend Gr. 3/5Y | 5.73% 5.39% | Current Ratio | — | EPS Q/Q | 9.52% | SMA20 | 3.35% | Beta | 0.72 | Target Price | 43.00 |
| Payout | 30.93% | Debt/Eq | 0.08 | Sales Q/Q | 8.86% | SMA50 | 2.94% | Rel Volume | 1.42 | Prev Close | 36.57 |
| Employees | 781 | LT Debt/Eq | 0.08 | Earnings | Jan 28 | SMA200 | 5.45% | Avg Volume | 190.64K | Price | 37.35 |
| IPO Date | Sep 04, 1985 | Option/Short | Yes / Yes | EPS/Sales Surpr. | -2.95% 3.20% | Net Debt/EBITDA | -5.91 | Volume | 269,841 | Change | 2.13% |
Analyst Ratings
| Date | Action | Analyst | Rating | Target |
|---|---|---|---|---|
| Oct-29-26 | Reiterated | Piper Sandler | Overweight | $42 → $43 |
| Oct-02-26 | Upgrade | Piper Sandler | Neutral → Overweight | |
| Jul-27-26 | Reiterated | Piper Sandler | Neutral | $39 → $42 |
| Jul-10-26 | Upgrade | Hovde Group | Market Perform → Outperform | |
| Apr-27-26 | Reiterated | DA Davidson | Neutral | $34 → $37 |
| Jan-26-26 | Reiterated | Piper Sandler | Neutral | $37 → $39 |
| Oct-28-24 | Reiterated | Piper Sandler | Neutral | $38 → $37 |
| Jul-30-24 | Reiterated | D.A. Davidson | Neutral | $34 |
| Jul-29-24 | Reiterated | Piper Sandler | Neutral | $38 |
| Dec-13-22 | Downgrade | Keefe, Bruyette & Woods | Outperform → Market Perform |
Latest News· Times ET
Oct-29-26
Oct-27-26
Oct-27-2603:30PM
01:05PM
Independent Bank Q3 Earnings Call Highlightsmarketbeat.com
10:31AM
08:11AM
05:00AM
Oct-22-26
Oct-20-26
Oct-20-2604:00PM
11:06AM
Oct-02-26
Oct-02-2602:40AM
Sep-29-26
Sep-29-2606:21PM
Sep-21-26
Sep-04-26
Aug-19-26
Aug-07-26
Aug-07-2601:54PM
Company
As the holding company for Independent Bank, Independent Bank Corporation provides diverse banking services to both individual consumers and businesses. Its comprehensive suite of offerings includes checking and savings accounts, commercial lending, direct and indirect consumer financing, and mortgage solutions, along with safe deposit boxes. Customers also benefit from accessible automatic teller machines, internet banking, and mobile banking capabilities. The company further diversifies its portfolio with title insurance, insurance brokerage, and investment services. Headquartered in Grand Rapids, Michigan, and founded in 1864, Independent Bank Corporation reaches its clientele through roughly 59 branches, two drive-through facilities, and seven loan production offices across Michigan, in addition to two loan production offices in Ohio.
Ownership
Per-holder 13F data hasn't been ingested for this ticker yet.
Financial Statements
DataTimeframe
| Line Item (USD, M) | TTM — | FY 2025 12/31/2025 | FY 2024 12/31/2024 | FY 2023 12/31/2023 | FY 2022 12/31/2022 | FY 2021 12/31/2021 | FY 2020 12/31/2020 | FY 2019 12/31/2019 | FY 2018 12/31/2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 323 | 315 | 316 | 284 | — | — | — | — | — | |
| Cost of Goods Sold Incl. D&A | 92 | 96 | 105 | 90 | — | — | — | — | — | |
| Gross Profit | 231 | 220 | 212 | 194 | — | — | — | — | — | |
| Selling, General and Administrative Excl. Other | 111 | 97 | 92 | 85 | — | — | — | — | — | |
| Research and Development | 0 | 0 | 0 | 0 | — | — | — | — | — | |
| Other Operating Expense | 36 | 41 | 37 | 35 | — | — | — | — | — | |
| Operating Income | 84 | 81 | 83 | 74 | — | — | — | — | — | |
| Interest Expense | 81 | 90 | 101 | 83 | — | — | — | — | — | |
| Unusual Expense | — | — | — | — | — | — | — | — | — | |
| Non-Operating Income (Expense) | 81 | 90 | 101 | 83 | — | — | — | — | — | |
| Net Income Before Taxes | 84 | 81 | 83 | 74 | — | — | — | — | — | |
| Income Taxes | 13 | 13 | 16 | 15 | — | — | — | — | — | |
| Consolidated Net Income | 73 | 69 | 67 | 59 | — | — | — | — | — | |
| Net Income From Continuing Operations | 73 | 69 | 67 | 59 | — | — | — | — | — | |
| Net Income | 73 | 69 | 67 | 59 | — | — | — | — | — | |
| EPS (Recurring) | 3.44 | 3.30 | 3.20 | 2.82 | — | — | — | — | — | |
| EPS (Basic, Before Extraordinaries) | 3.44 | 3.30 | 3.20 | 2.82 | — | — | — | — | — | |
| EPS (Diluted) | 3.40 | 3.27 | 3.16 | 2.79 | — | — | — | — | — | |
| EBITDA | 92 | 91 | 93 | 84 | — | — | — | — | — | |
| Other After Tax Adjustments | — | — | — | — | — | — | — | — | — | |
| Stock Option Compensation Expense | — | — | — | — | — | — | — | — | — | |
| Price To Earnings Ratio | 10.99 | 9.95 | 11.02 | 9.33 | — | — | — | — | — | |
| Price To Sales Ratio | 2.54 | 2.17 | 2.31 | 1.92 | — | — | — | — | — | |
| Gross Margin | 71.52 | 69.84 | 67.09 | 68.31 | — | — | — | — | — | |
| Operating Margin | 26.01 | 25.71 | 26.27 | 26.06 | — | — | — | — | — | |
| Net Margin | 22.60 | 21.90 | 21.20 | 20.77 | — | — | — | — | — | |
| Shares Outstanding | 22 | 21 | 21 | 21 | — | — | — | — | — | |
| Market Capitalization | 822 | 683 | 731 | 546 | — | — | — | — | — | |
| Operating Lease Expense | — | — | — | — | — | — | — | — | — |
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Insider Trading Volume
Insider Trading
| Insider | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|
| Kessel William B | President & CEO | Sep 15 '26 | Sale | 37.28 | 2,000 | 74,559 | 157,836 | Sep 16 |
| Kreter Kristopher | First Vice Pres. & Controller | Aug 19 '26 | Sale | 37.11 | 300 | 11,133 | 2,207 | Aug 20 |
| TWAROZYNSKI JAMES J | Senior Vice President | Aug 10 '26 | Sale | 37.67 | 489 | 18,420 | 8,195 | Aug 10 |
| Ervin Patrick J | Executive Vice President | Jun 09 '26 | Sale | 35.40 | 2,500 | 88,505 | 34,720 | Jun 10 |
| Kimball Stefanie M | Executive Vice President | May 29 '26 | Sale | 34.41 | 1,400 | 48,181 | 64,327 | May 29 |
| Mohr Gavin A. | Executive Vice President | Apr 06 '26 | Option Exercise | 0.00 | 6,814 | 0 | 29,055 | Apr 07 |
| Kimball Stefanie M | Executive Vice President | Apr 06 '26 | Option Exercise | 0.00 | 6,868 | 0 | 67,399 | Apr 07 |
| Ervin Patrick J | Executive Vice President | Apr 06 '26 | Option Exercise | 0.00 | 6,777 | 0 | 38,998 | Apr 07 |
| RAHN JOEL F | Executive Vice President | Apr 06 '26 | Option Exercise | 0.00 | 6,581 | 0 | 30,797 | Apr 07 |
| Kessel William B | President & CEO | Apr 06 '26 | Option Exercise | 0.00 | 17,412 | 0 | 164,624 | Apr 07 |
| Kruse Ronia F | Director | Feb 24 '26 | Buy | 35.27 | 1,200 | 42,324 | 2,200 | Feb 27 |
| Ervin Patrick J | Executive Vice President | Dec 12 '25 | Sale | 34.64 | 3,000 | 103,922 | 34,157 | Dec 16 |
| Archer Dennis W. Jr | Director | Nov 21 '25 | Buy | 31.57 | 500 | 15,788 | 11,500 | Nov 24 |
| TWAROZYNSKI JAMES J | Senior Vice President | Nov 21 '25 | Sale | 31.64 | 486 | 15,375 | 8,436 | Nov 21 |
| Kimball Stefanie M | Executive Vice President | Sep 03 '25 | Sale | 32.64 | 1,400 | 45,702 | 62,389 | Sep 05 |
QuoTrend signals describe historical patterns and statistics — educational information, not investment advice or a recommendation to buy or sell. Past performance doesn’t guarantee future results. Every figure traces to QuoTrend data. Historical patterns — not a prediction or advice.