What is Independent Bank Corp.'s current stock price?

Independent Bank Corp. (IBCP) currently trades at USD 33.49. Track real-time price changes and historical performance on AllInvestView.

What is Independent Bank Corp.'s dividend yield?

Independent Bank Corp. has a dividend yield of 3.30694900%. The 5-year average dividend yield is 3.97000000%. Track dividend payments and income with AllInvestView.

What sector is Independent Bank Corp. in?

Independent Bank Corp. operates in the Financials sector. AllInvestView lets you analyze sector allocation across your entire portfolio.

Independent Bank Corp. IBCP Open Independent Bank Corp. in new tab

33.49 USD

P/E

10.03

EPS

3.34

Yield

3.31%

Safety Score

P/B

1.35

ROE

14.28

Beta

0.70

Target Price

36.70 USD

Independent Bank Corp.

🧾 Earnings Recap – Q1 2026

Independent Bank’s Q1 2026 profit grew modestly to $16.9 million, driven by improved net interest margin and core deposit growth, demonstrating solid execution amid ongoing economic uncertainties.

Net interest income increased 1.1% sequentially, supported by a 3.65% net interest margin uptick of 3 basis points.
Total deposits grew by $80.4 million to $4.9 billion, with strong growth in business and retail segments.
Commercial loan balances expanded $31.8 million (3% annualized), with a focus on manufacturing and industrial real estate segments.
Credit quality remains sound, with nonperforming loans at 64 basis points and minimal net charge-offs of $266,000.
The upcoming merger with HCB Financial is viewed as a value-enhancing growth catalyst.

View full recap page

1M 6M YTD 1Y 2Y 5Y Max

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DCF Valuation

Tweak assumptions to recompute fair value for Independent Bank Corp. (IBCP)

Currency: USD

DCF Assumptions

Revenue growth (YoY) 0.10 Decimal (e.g., 0.10 = 10%). Range allows declines (−50%) to strong growth (+50%).

EBITDA margin 0.30 Decimal (e.g., 0.30 = 30%).

Capex (% Revenue) 0.04 Decimal (e.g., 0.04 = 4%).

Tax rate 0.20 Decimal (e.g., 0.20 = 20%).

Terminal growth (g, %) 3% Percent number (e.g., 3 = 3%).

Cost of Equity (%) 10% Percent number (e.g., 10 = 10%).

Cost of Debt (%) 5% Percent number (e.g., 5 = 5%).

DCF Result

Fair Value (DCF)

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Current Price

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Upside

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WACC

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Terminal PV

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Σ PV of FCFs

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Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Independent Bank Corp. Analysis (IBCP)

United States Financials Official Website Stock

Is Independent Bank Corp. a good investment? Independent Bank Corp. (IBCP) is currently trading at 33.49 USD. Market analysts have a consensus price target of 36.70 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 10.03. This relatively low multiple may signal that Independent Bank Corp. is undervalued compared to historical market norms.

Earnings Schedule: Independent Bank Corp. is expected to release its next earnings report on July 23, 2026. The market consensus estimate for Forward EPS is 3.83.

For income investors, Independent Bank Corp. pays a dividend yield of 3.31%. With a payout ratio of 31%, the dividend appears sustainable.

Investor FAQ

Does Independent Bank Corp. pay a dividend?

Yes, it pays an annual dividend of 1.08 USD (3.31% yield).

What asset class is Independent Bank Corp.?

Independent Bank Corp. is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be July 23, 2026. The company currently has a trailing EPS of 3.34.

Company Profile

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

Exchange Ticker

NMS (United States) IBCP

Dividend Yield

3.31% (5y avg: 3.97%)

Annual Dividends

1.08 USD

Next ex. div date

May 4, 2026

Payout Ratio

31.40%

Historical Dividends

Year	Total Dividends
2027	0.29 USD
Feb. 15, 2027 (estimated)	0.2931
2026	1.10 USD
Nov. 16, 2026 (estimated)	0.2721
Aug. 17, 2026 (estimated)	0.2721
May 14, 2026	0.2800
Feb. 13, 2026	0.2800
2025	1.04 USD
Nov. 14, 2025	0.2600
Aug. 15, 2025	0.2600
May 15, 2025	0.2600
Feb. 14, 2025	0.2600
2024	0.96 USD
Nov. 15, 2024	0.2400
Aug. 15, 2024	0.2400
May 13, 2024	0.2400
Feb. 15, 2024	0.2400
2023	0.92 USD
Nov. 13, 2023	0.2300
Aug. 14, 2023	0.2300
May 15, 2023	0.2300
Feb. 24, 2023	0.2300
2022	0.88 USD
Nov. 14, 2022	0.2200
Aug. 16, 2022	0.2200
May 16, 2022	0.2200
Feb. 15, 2022	0.2200
2021	0.84 USD
Nov. 15, 2021	0.2100
Aug. 16, 2021	0.2100
May 14, 2021	0.2100
Feb. 16, 2021	0.2100
2020	0.80 USD
Nov. 16, 2020	0.2000
Aug. 14, 2020	0.2000
May 15, 2020	0.2000
Feb. 14, 2020	0.2000
2019	0.72 USD
Nov. 15, 2019	0.1800
Aug. 15, 2019	0.1800
May 15, 2019	0.1800
Feb. 15, 2019	0.1800
2018	0.60 USD
Nov. 15, 2018	0.1500
Aug. 15, 2018	0.1500
May 15, 2018	0.1500
Feb. 15, 2018	0.1500
2017	0.42 USD
Nov. 15, 2017	0.1200
Aug. 15, 2017	0.1000
May 15, 2017	0.1000
Feb. 15, 2017	0.1000
2016	0.34 USD
Nov. 15, 2016	0.1000
Aug. 15, 2016	0.0800
May 16, 2016	0.0800
Feb. 16, 2016	0.0800
2015	0.26 USD
Nov. 16, 2015	0.0800
Aug. 17, 2015	0.0600
May 15, 2015	0.0600
Feb. 17, 2015	0.0600
2014	0.18 USD
Nov. 17, 2014	0.0600
Aug. 15, 2014	0.0600
May 15, 2014	0.0600
2009	0.04 USD
Oct. 30, 2009	0.0100
July 31, 2009	0.0100
April 30, 2009	0.0100
Jan. 30, 2009	0.0100
2008	0.34 USD
Oct. 31, 2008	0.0100
July 31, 2008	0.0100
April 30, 2008	0.1100
Jan. 31, 2008	0.2100
2007	0.83 USD
Oct. 31, 2007	0.2100
July 31, 2007	0.2100
April 30, 2007	0.2100
Jan. 31, 2007	0.2000
2006	0.78 USD
Oct. 31, 2006	0.1900
July 31, 2006	0.2000
April 28, 2006	0.2000
Jan. 31, 2006	0.1900
2005	0.74 USD
Oct. 31, 2005	0.1900
July 29, 2005	0.1900
April 29, 2005	0.1901
Jan. 31, 2005	0.1700
2004	0.51 USD
Oct. 29, 2004	0.1700
July 30, 2004	0.1600
April 30, 2004	0.0176
Jan. 30, 2004	0.1600
2003	0.60 USD
Oct. 31, 2003	0.1600
July 31, 2003	0.1601
April 30, 2003	0.1400
Jan. 31, 2003	0.1400
2002	0.72 USD
Oct. 31, 2002	0.1800
July 31, 2002	0.1800
April 30, 2002	0.1800
Jan. 31, 2002	0.1800
2001	0.63 USD
Oct. 31, 2001	0.1600
July 31, 2001	0.1600
April 30, 2001	0.1600
Jan. 31, 2001	0.1500
2000	0.59 USD
Oct. 31, 2000	0.1500
July 28, 2000	0.1500
April 28, 2000	0.1500
Jan. 31, 2000	0.1400
1999	0.55 USD
Oct. 31, 1999	0.1402
July 30, 1999	0.1400
April 30, 1999	0.1400
Jan. 29, 1999	0.1300
1998	0.54 USD
Oct. 1, 1998	0.0287
July 31, 1998	0.1300
April 30, 1998	0.1950
Jan. 30, 1998	0.1850
1997	0.81 USD
Oct. 31, 1997	0.1761
July 31, 1997	0.1849
April 30, 1997	0.1850
Jan. 31, 1997	0.2600
1996	1.02 USD
Oct. 31, 1996	0.2600
July 31, 1996	0.2600
April 30, 1996	0.2600
Jan. 31, 1996	0.2400
1995	0.92 USD
Oct. 31, 1995	0.2400
July 31, 1995	0.2400
April 28, 1995	0.2400
Jan. 31, 1995	0.2000
1994	0.75 USD
Oct. 31, 1994	0.2000
July 29, 1994	0.2000
April 29, 1994	0.2000
Jan. 31, 1994	0.1500
1993	0.58 USD
Oct. 29, 1993	0.1500
July 30, 1993	0.1500
April 30, 1993	0.1500
Jan. 29, 1993	0.1300
1992	0.51 USD
Oct. 30, 1992	0.1300
July 31, 1992	0.1300
April 30, 1992	0.1300
Jan. 31, 1992	0.1150
1991	0.34 USD
Oct. 31, 1991	0.1150
July 31, 1991	0.1150
April 1, 1991	0.1149
1990	0.51 USD
Dec. 28, 1990	0.0662
Oct. 31, 1990	0.1095
July 31, 1990	0.1100
April 30, 1990	0.1100
Jan. 31, 1990	0.1100
1989	0.43 USD
Oct. 31, 1989	0.1095
July 31, 1989	0.1095
April 28, 1989	0.1095
Jan. 31, 1989	0.0998
1988	0.43 USD
Oct. 31, 1988	0.1312
July 30, 1988	0.0998
April 30, 1988	0.0998
Jan. 30, 1988	0.0998
1987	0.43 USD
Oct. 20, 1987	0.1312
July 20, 1987	0.0998
April 20, 1987	0.0998
Jan. 20, 1987	0.0998
1986	0.20 USD
Oct. 6, 1986	0.0150
July 3, 1986	0.0603
April 4, 1986	0.0603
Jan. 6, 1986	0.0603
1985	0.01 USD
Oct. 4, 1985	0.0117

Yearly aggregated dividends

Dividends

Independent Bank Corp.
May 14, 2026 Paid

Dividend
0.28 USD

Independent Bank Corp.
Feb 13, 2026 Paid

Dividend
0.28 USD

Independent Bank Corp.
Nov 14, 2025 Paid

Dividend
0.26 USD

Independent Bank Corp.
Aug 15, 2025 Paid

Dividend
0.26 USD

Historical Split Corporate Actions

Split Date	Split Ratio to 1
Oct. 3, 2000	1.050000
Oct. 3, 2001	1.050000
Oct. 2, 2002	1.050000
Jan. 2, 2003	1.500000
Oct. 2, 2003	1.100000
Sept. 1, 2005	1.050000
Aug. 31, 2006	1.050000
Sept. 1, 2010	0.100000
Oct. 1, 1999	1.050000
Oct. 1, 1998	1.050000
July 1, 1998	1.500000
Oct. 1, 1997	1.050000
May 1, 1997	1.500000
Oct. 2, 1996	1.050000
Oct. 3, 1995	1.050000

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Independent Bank Corp. IBCP Open Independent Bank Corp. in new tab

Independent Bank Corp.

Key Metrics

Growth

Estimates

Dividend

DCF Valuation

DCF Assumptions

DCF Result

Explore Premium Features

Independent Bank Corp. Analysis (IBCP)

Investor FAQ

Company Profile

Dividend Yield

Annual Dividends

Next ex. div date

Payout Ratio

Historical Dividends

Dividends

Historical Split Corporate Actions

Explore Premium Features

Under Construction

Community Discussion

Independent Bank Corp. IBCP Open Independent Bank Corp. in new tab

Key Metrics

Growth

Estimates

Dividend

DCF Valuation

DCF Assumptions

DCF Result

Explore Premium Features

Independent Bank Corp. Analysis (IBCP)

Investor FAQ

Company Profile

Dividend Yield

Annual Dividends

Next ex. div date

Payout Ratio

Historical Dividends

Dividends

Historical Split Corporate Actions

Explore Premium Features

Under Construction

Community Discussion

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