Independent Bank Statistics

Total Valuation

IBCP has a market cap or net worth of $703.62 million. The enterprise value is $596.22 million.

Market Cap	703.62M
Enterprise Value	596.22M

Important Dates

The last earnings date was Thursday, April 23, 2026, before market open.

Earnings Date	Apr 23, 2026
Ex-Dividend Date	May 4, 2026

Share Statistics

IBCP has 20.59 million shares outstanding. The number of shares has decreased by -1.20% in one year.

Current Share Class	20.59M
Shares Outstanding	20.59M
Shares Change (YoY)	-1.20%
Shares Change (QoQ)	-0.33%
Owned by Insiders (%)	2.70%
Owned by Institutions (%)	85.33%
Float	20.03M

Valuation Ratios

The trailing PE ratio is 10.23 and the forward PE ratio is 9.48.

PE Ratio	10.23
Forward PE	9.48
PS Ratio	3.13
Forward PS	3.12
PB Ratio	1.38
P/TBV Ratio	1.46
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	8.54
EV / Sales	2.65
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 14.28%.

Return on Equity (ROE)	14.28%
Return on Assets (ROA)	1.28%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	7.66%
Revenue Per Employee	$272,006
Profits Per Employee	$84,535
Employee Count	826
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, IBCP has paid $12.57 million in taxes.

Income Tax	12.57M
Effective Tax Rate	15.25%

Stock Price Statistics

The stock price has increased by +10.12% in the last 52 weeks. The beta is 0.75, so IBCP's price volatility has been lower than the market average.

Beta (5Y)	0.75
52-Week Price Change	+10.12%
50-Day Moving Average	34.15
200-Day Moving Average	32.99
Relative Strength Index (RSI)	52.90
Average Volume (20 Days)	162,294

Short Selling Information

The latest short interest is 492,836, so 2.39% of the outstanding shares have been sold short.

Short Interest	492,836
Short Previous Month	644,457
Short % of Shares Out	2.39%
Short % of Float	2.46%
Short Ratio (days to cover)	2.15

Income Statement

In the last 12 months, IBCP had revenue of $224.68 million and earned $69.83 million in profits. Earnings per share was $3.34.

Revenue	224.68M
Gross Profit	224.68M
Operating Income	87.11M
Pretax Income	82.40M
Net Income	69.83M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$3.34

Full Income Statement

Balance Sheet

The company has $174.92 million in cash and $66.89 million in debt, giving a net cash position of $108.02 million or $5.25 per share.

Cash & Cash Equivalents	174.92M
Total Debt	66.89M
Net Cash	108.02M
Net Cash Per Share	$5.25
Equity (Book Value)	510.55M
Book Value Per Share	24.80
Working Capital	-4.63B

Full Balance Sheet

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Depreciation & Amortization	n/a
Net Borrowing	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Full Cash Flow Statement

Margins

Gross Margin	n/a
Operating Margin	38.77%
Pretax Margin	36.67%
Profit Margin	31.08%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $1.12, which amounts to a dividend yield of 3.28%.

Dividend Per Share	$1.12
Dividend Yield	3.28%
Dividend Growth (YoY)	8.00%
Years of Dividend Growth	11
Payout Ratio	32.32%
Buyback Yield	1.20%
Shareholder Yield	4.48%
Earnings Yield	9.92%
FCF Yield	n/a

Dividend Details

Analyst Forecast

The average price target for IBCP is $37.00, which is 8.25% higher than the current price. The consensus rating is "Hold".

Price Target	$37.00
Price Target Difference	8.25%
Analyst Consensus	Hold
Analyst Count	2
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Forecasts

Stock Splits

The last stock split was on September 1, 2010. It was a reverse split with a ratio of 1:10.

Last Split Date	Sep 1, 2010
Split Type	Reverse
Split Ratio	1:10

Scores

Altman Z-Score	n/a
Piotroski F-Score	2