Track Independent Bank Corp. — Monitor price, dividends, and performance in your free portfolio

Start Tracking Free

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

36.04 USD
Add to portfolio
P/E
10.85
EPS
3.34
Yield
2.94%
Safety Score
68
P/B
1.46
ROE
14.28
Beta
0.71
Target Price
37.30 USD
Independent Bank Corp. logo

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.
📅
1M 6M YTD 1Y 2Y 5Y Max
Loading chart...
Key Metrics
Earnings dateJuly 23, 2026
P/E10.85
EPS3.34
Book Value24.80
Price to Book1.46
% Insiders4.984%
Growth
Revenue Growth0.10%
Earnings Growth0.10%
Estimates
Forward P/E9.46
Forward EPS3.83
Target Mean Price37.30
Dividend
Dividend Yield2.94%
Annual dividends1.08 USD
Ex-Div. DateMay 4, 2026
Payout31.40%
5y avg Yield3.97%

DCF Valuation

Tweak assumptions to recompute fair value for Independent Bank Corp. (IBCP)
Currency: USD
DCF Assumptions
Decimal (e.g., 0.10 = 10%). Range allows declines (−50%) to strong growth (+50%).
Decimal (e.g., 0.30 = 30%).
Decimal (e.g., 0.04 = 4%).
Decimal (e.g., 0.20 = 20%).
Percent number (e.g., 3 = 3%).
Percent number (e.g., 10 = 10%).
Percent number (e.g., 5 = 5%).
DCF Result
Fair Value (DCF)
—
Current Price
—
Upside
—
WACC
—
Terminal PV
—
Σ PV of FCFs
—
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. Logo 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 36.04 USD. Market analysts have a consensus price target of 37.30 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 10.85. 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 2.94%. 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 (2.94% 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
Trades
Dividend Yield
2.94%
5y avg 3.97%
Annual Dividends
1.08USD
Next Ex. Div Date
May 4, 2026
Payout Ratio
31.40%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
0.59 USD
May 17, 2027 (estimated) 0.2931
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
0.40 USD
Oct. 30, 2009 0.1000
July 31, 2009 0.1000
April 30, 2009 0.1000
Jan. 30, 2009 0.1000
▸2008
3.40 USD
Oct. 31, 2008 0.1000
July 31, 2008 0.1000
April 30, 2008 1.1000
Jan. 31, 2008 2.1000
▸2007
8.30 USD
Oct. 31, 2007 2.1000
July 31, 2007 2.1000
April 30, 2007 2.1000
Jan. 31, 2007 2.0000
▸2006
7.52 USD
Oct. 31, 2006 1.9000
July 31, 2006 1.9048
April 28, 2006 1.9048
Jan. 31, 2006 1.8095
▸2005
6.80 USD
Oct. 31, 2005 1.8095
July 29, 2005 1.7234
April 29, 2005 1.7234
Jan. 31, 2005 1.5420
▸2004
4.46 USD
Oct. 29, 2004 1.5420
July 30, 2004 1.4512
April 30, 2004 0.0176
Jan. 30, 2004 1.4512
▸2003
5.08 USD
Oct. 31, 2003 1.4512
July 31, 2003 1.3193
April 30, 2003 1.1544
Jan. 31, 2003 1.1544
▸2002
3.82 USD
Oct. 31, 2002 0.9895
July 31, 2002 0.9424
April 30, 2002 0.9424
Jan. 31, 2002 0.9424
▸2001
3.18 USD
Oct. 31, 2001 0.8377
July 31, 2001 0.7978
April 30, 2001 0.7978
Jan. 31, 2001 0.7479
▸2000
2.84 USD
Oct. 31, 2000 0.7479
July 28, 2000 0.7123
April 28, 2000 0.7123
Jan. 31, 2000 0.6648
▸1999
2.52 USD
Oct. 31, 1999 0.6648
July 30, 1999 0.6332
April 30, 1999 0.6332
Jan. 29, 1999 0.5879
▸1998
1.49 USD
Oct. 1, 1998 0.0287
July 31, 1998 0.3733
April 30, 1998 0.5599
Jan. 30, 1998 0.5312
▸1997
1.85 USD
Oct. 31, 1997 0.5312
July 31, 1997 0.5059
April 30, 1997 0.3373
Jan. 31, 1997 0.4740
▸1996
1.79 USD
Oct. 31, 1996 0.4740
July 31, 1996 0.4514
April 30, 1996 0.4514
Jan. 31, 1996 0.4167
▸1995
1.60 USD
Oct. 31, 1995 0.4167
July 31, 1995 0.4167
April 28, 1995 0.4167
Jan. 31, 1995 0.3473
▸1994
1.30 USD
Oct. 31, 1994 0.3473
July 29, 1994 0.3473
April 29, 1994 0.3473
Jan. 31, 1994 0.2604
▸1993
1.01 USD
Oct. 29, 1993 0.2604
July 30, 1993 0.2604
April 30, 1993 0.2604
Jan. 29, 1993 0.2257
▸1992
0.88 USD
Oct. 30, 1992 0.2257
July 31, 1992 0.2257
April 30, 1992 0.2257
Jan. 31, 1992 0.1997
▸1991
0.60 USD
Oct. 31, 1991 0.1997
July 31, 1991 0.1997
April 1, 1991 0.1997
▸1990
0.83 USD
Dec. 28, 1990 0.0662
Oct. 31, 1990 0.1910
July 31, 1990 0.1910
April 30, 1990 0.1910
Jan. 31, 1990 0.1910
▸1989
0.75 USD
Oct. 31, 1989 0.1910
July 31, 1989 0.1910
April 28, 1989 0.1910
Jan. 31, 1989 0.1736
▸1988
0.74 USD
Oct. 31, 1988 0.2170
July 30, 1988 0.1736
April 30, 1988 0.1736
Jan. 30, 1988 0.1736
▸1987
0.74 USD
Oct. 20, 1987 0.2170
July 20, 1987 0.1736
April 20, 1987 0.1736
Jan. 20, 1987 0.1736
▸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
Upcoming Dividends
Name Payment Date Status Amount
Independent Bank Corp. May 14, 2026 0.28 USD
Independent Bank Corp. Feb 13, 2026 0.28 USD
Independent Bank Corp. Nov 14, 2025 0.26 USD
Independent Bank Corp. Aug 15, 2025 0.26 USD
Stock Splits
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
Explore Premium Features

Unlock detailed news and exclusive insights with our Premium subscription.

See Pricing Plans

Fundamentals

Under Construction

This feature will be available soon. Stay tuned!

Follow us on Twitter for updates: @allinvestview

Check out our Roadmap for upcoming features.

Community Discussion