Independent Bank Corporation (IBCP)Financial Services | Banks - Regional | Grand Rapids, United States | NasdaqGS
35.89 USD
-0.33
(-0.911%) ⇩
(July 14, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 4:02 a.m. EDT
Independent Bank Corporation presents a compelling value case for income-focused investors, trading at a forward P/E of roughly 9.4x with a robust 3.15% yield. The company has successfully navigated recent headwinds, evidenced by a +20.7% price surge last year and continued double-digit revenue and earnings growth. While the statistical forecasting model offers a flat prediction for the next 45 days, this likely reflects the stock's recent outperformance rather than a lack of catalysts. The low implied volatility on puts suggests the market views downside risk as minimal, aligning with the solid balance sheet and manageable debt levels. For the long term, the stock is a solid buy, though it may not offer the explosive growth of top-tier tech firms; however, the combination of steady expansion and a healthy dividend makes it a reliable core holding. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.025942 |
| AutoETS | 0.025957 |
| AutoTheta | 0.026499 |
| MSTL | 0.026821 |
| MSTL_126 | 0.056338 |
Forecast horizon: 60 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 50% |
| H-stat | 0.76 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.166 |
| Excess Kurtosis | -0.79 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-05-03 |
| Last Dividend Date | 2026-05-03 |
| Revenue per Share | 10.872 |
| Market Cap | 739,554,944 |
| Trailing P/E | 10.75 |
| Forward P/E | 9.38 |
| Beta | 0.70 |
| Profit Margins | 31.08% |
| Website | https://www.independentbank.com |
As of July 11, 2026, 4:02 a.m. EDT: Speculators are positioning for a modest upside move with heavy call open interest at the $40 strike, suggesting a target for a 10-15% gain within the near term. Implied volatility is extremely low for puts, indicating a lack of fear regarding downside risks, while call volume remains light relative to the established open interest, implying the bullish positioning is largely passive rather than aggressive new buying.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.85% | 3.34% | 3.52% | 3.80% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-05-04 | 0.280000 | 0.847458 |
| 2026-02-03 | 0.280000 | 0.770925 |
| 2025-11-04 | 0.260000 | 0.859504 |
| 2025-08-05 | 0.260000 | 0.859504 |
| 2025-05-05 | 0.260000 | 0.829611 |
| 2025-02-04 | 0.260000 | 0.719225 |
| 2024-11-05 | 0.240000 | 0.723545 |
| 2024-08-05 | 0.240000 | 0.768984 |
| 2024-05-02 | 0.240000 | 0.958466 |
| 2024-02-02 | 0.240000 | 0.966962 |
| 2023-11-02 | 0.230000 | 1.132447 |
| 2023-08-03 | 0.230000 | 1.112724 |
| 2023-05-04 | 0.230000 | 1.467773 |
| 2023-02-15 | 0.230000 | 1.015004 |
| 2022-11-03 | 0.220000 | 0.982143 |
| 2022-08-04 | 0.220000 | 1.078960 |
| 2022-05-04 | 0.220000 | 1.077375 |
| 2022-02-03 | 0.220000 | 0.908715 |
| 2021-11-04 | 0.210000 | 0.902449 |
| 2021-08-05 | 0.210000 | 1.006711 |
| 2021-05-04 | 0.210000 | 0.883838 |
| 2021-02-04 | 0.210000 | 1.028404 |
| 2020-11-04 | 0.200000 | 1.352265 |
| 2020-08-03 | 0.200000 | 1.448226 |
| 2020-05-04 | 0.200000 | 1.402525 |
| 2020-02-04 | 0.200000 | 0.915751 |
| 2019-11-05 | 0.180000 | 0.781250 |
| 2019-08-05 | 0.180000 | 0.903614 |
| 2019-05-03 | 0.180000 | 0.822669 |
| 2019-02-04 | 0.180000 | 0.807537 |
| 2018-11-02 | 0.150000 | 0.659631 |
| 2018-08-03 | 0.150000 | 0.613497 |
| 2018-05-04 | 0.150000 | 0.634249 |
| 2018-02-06 | 0.150000 | 0.659341 |
| 2017-11-03 | 0.120000 | 0.528634 |
| 2017-08-03 | 0.100000 | 0.481928 |
| 2017-05-04 | 0.100000 | 0.450450 |
| 2017-02-06 | 0.100000 | 0.467290 |
| 2016-11-03 | 0.100000 | 0.600601 |
| 2016-08-04 | 0.080000 | 0.508259 |
| 2016-05-04 | 0.080000 | 0.541638 |
| 2016-02-03 | 0.080000 | 0.537273 |
| 2015-11-05 | 0.080000 | 0.544218 |
| 2015-08-05 | 0.060000 | 0.415512 |
| 2015-05-01 | 0.060000 | 0.454545 |
| 2015-02-04 | 0.060000 | 0.481155 |
| 2014-11-05 | 0.060000 | 0.487805 |
| 2014-08-01 | 0.060000 | 0.462963 |
| 2014-04-28 | 0.060000 | 0.469851 |
| 2009-10-01 | 0.100000 | 0.632911 |
| 2009-07-01 | 0.100000 | 0.840336 |
| 2009-04-02 | 0.100000 | 0.446429 |
| 2008-12-31 | 0.100000 | 0.462963 |
| 2008-10-02 | 0.100000 | 0.143885 |
| 2008-07-02 | 0.100000 | 0.271003 |
| 2008-04-02 | 1.100000 | 1.013825 |
| 2008-01-02 | 2.100000 | 2.325581 |
| 2007-10-03 | 2.100000 | 1.886792 |
| 2007-07-02 | 2.100000 | 1.238208 |
| 2007-04-03 | 2.100000 | 1.055276 |
| 2007-01-03 | 2.000000 | 0.797130 |
| 2006-10-03 | 1.900000 | 0.788382 |
| 2006-06-30 | 1.904762 | 0.760456 |
| 2006-04-03 | 1.904762 | 0.695410 |
| 2006-01-03 | 1.809524 | 0.692420 |
| 2005-10-03 | 1.809524 | 0.659264 |
| 2005-06-30 | 1.723356 | 0.668073 |
| 2005-04-01 | 1.723356 | 0.670667 |
| 2005-01-03 | 1.541950 | 0.588439 |
| 2004-10-01 | 1.541950 | 0.628001 |
| 2004-07-01 | 1.451247 | 0.642828 |
| 2003-12-31 | 1.451247 | 0.564175 |
| 2003-10-02 | 1.451247 | 0.573271 |
| 2003-07-01 | 1.319316 | 0.618956 |
| 2003-04-02 | 1.154401 | 0.689655 |
| 2003-01-02 | 1.154401 | 0.683260 |
| 2002-10-02 | 0.989487 | 0.540866 |
| 2002-07-02 | 0.942368 | 0.583468 |
| 2002-04-03 | 0.942368 | 0.610376 |
| 2002-01-03 | 0.942368 | 0.652174 |
| 2001-10-03 | 0.837661 | 0.623053 |
| 2001-07-02 | 0.797772 | 0.679405 |
| 2001-04-03 | 0.797772 | 0.815079 |
| 2001-01-03 | 0.747911 | 0.769230 |
| 2000-10-03 | 0.747911 | 0.879249 |
| 2000-06-30 | 0.712297 | 1.106196 |
| 2000-04-03 | 0.712297 | 1.132076 |
| 2000-01-03 | 0.664810 | 1.013758 |
| 1999-10-01 | 0.664810 | 0.965517 |
| 1999-06-30 | 0.633152 | 0.805523 |
| 1999-03-31 | 0.633152 | 0.878293 |
| 1998-12-31 | 0.587927 | 0.641975 |
| 1998-06-30 | 0.373287 | 0.295454 |
| 1998-04-02 | 0.559931 | 0.488967 |
| 1997-12-31 | 0.531216 | 0.456790 |
| 1997-10-01 | 0.531216 | 0.589547 |
| 1997-07-01 | 0.505920 | 0.649122 |
| 1997-04-02 | 0.337280 | 0.485182 |
| 1997-01-02 | 0.474015 | 0.770370 |
| 1996-10-02 | 0.474015 | 0.889192 |
| 1996-07-02 | 0.451443 | 0.888888 |
| 1996-04-02 | 0.451443 | 0.941346 |
| 1996-01-03 | 0.416717 | 0.872728 |
| 1995-10-03 | 0.416717 | 0.876552 |
| 1995-07-03 | 0.416717 | 0.922722 |
| 1995-03-30 | 0.416717 | 0.960000 |
| 1994-12-29 | 0.347264 | 0.842105 |
| 1994-09-29 | 0.347264 | 0.869565 |
| 1994-06-28 | 0.347264 | 0.898876 |
| 1994-03-29 | 0.347264 | 1.012658 |
| 1993-12-30 | 0.260448 | 0.750000 |
| 1993-09-29 | 0.260448 | 0.740741 |
| 1993-06-29 | 0.260448 | 0.785340 |
| 1993-03-30 | 0.260448 | 0.655594 |
| 1992-12-29 | 0.225722 | 0.697800 |
| 1992-09-29 | 0.225722 | 0.852460 |
| 1992-06-29 | 0.225722 | 0.859221 |
| 1992-03-31 | 0.225722 | 0.896553 |
| 1991-12-30 | 0.199677 | 1.045455 |
| 1991-09-30 | 0.199677 | 1.121952 |
| 1991-06-28 | 0.199677 | 1.314287 |
| 1991-04-01 | 0.199677 | 1.314287 |
| 1990-10-01 | 0.190995 | 1.629628 |
| 1990-06-28 | 0.190995 | 1.466665 |
| 1990-03-30 | 0.190995 | 1.395937 |
| 1989-12-29 | 0.190995 | 1.274622 |
| 1989-09-29 | 0.190995 | 1.204818 |
| 1989-06-28 | 0.190995 | 1.294116 |
| 1989-03-30 | 0.190995 | 1.371569 |
| 1988-12-29 | 0.173632 | 1.158748 |
| 1988-09-29 | 0.217040 | 1.612903 |
| 1988-06-28 | 0.173632 | 1.333333 |
| 1988-04-04 | 0.173632 | 1.428571 |
| 1988-01-04 | 0.173632 | 1.428571 |
| 1987-10-05 | 0.217040 | 1.515151 |
| 1987-07-06 | 0.173632 | 1.142857 |
| 1987-04-06 | 0.173632 | 1.025641 |
| 1987-01-05 | 0.173632 | 1.190476 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.05963981 |
| Address1 | 4,200 East Beltline |
| All Time High | 286.712 |
| All Time Low | 1.0 |
| Ask | 45.86 |
| Ask Size | 2 |
| Audit Risk | 8 |
| Average Analyst Rating | 2.6 - Hold |
| Average Daily Volume10 Day | 164,340 |
| Average Daily Volume3 Month | 165,944 |
| Average Volume | 165,944 |
| Average Volume10Days | 164,340 |
| Beta | 0.699 |
| Bid | 25.95 |
| Bid Size | 2 |
| Board Risk | 2 |
| Book Value | 24.801 |
| City | Grand Rapids |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 2 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 35.89 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 36.525 |
| Day Low | 35.76 |
| Display Name | Independent Bank |
| Dividend Date | 1,778,716,800 |
| Dividend Rate | 1.12 |
| Dividend Yield | 3.12 |
| Earnings Call Timestamp End | 1,784,836,800 |
| Earnings Call Timestamp Start | 1,784,836,800 |
| Earnings Growth | 0.095 |
| Earnings Quarterly Growth | 0.082 |
| Earnings Timestamp | 1,784,809,800 |
| Earnings Timestamp End | 1,784,809,800 |
| Earnings Timestamp Start | 1,784,809,800 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 2.792 |
| Enterprise Value | 627,354,944 |
| Eps Current Year | 3.552 |
| Eps Forward | 3.828 |
| Eps Trailing Twelve Months | 3.34 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,777,852,800 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 34.599 |
| Fifty Day Average Change | 1.2910004 |
| Fifty Day Average Change Percent | 0.03731323 |
| Fifty Two Week Change Percent | 5.963981 |
| Fifty Two Week High | 39.17 |
| Fifty Two Week High Change | -3.2799988 |
| Fifty Two Week High Change Percent | -0.08373753 |
| Fifty Two Week Low | 29.63 |
| Fifty Two Week Low Change | 6.26 |
| Fifty Two Week Low Change Percent | 0.21127237 |
| Fifty Two Week Range | 29.63 - 39.17 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 494,688,600,000 |
| Five Year Avg Dividend Yield | 3.69 |
| Float Shares | 20,053,912 |
| Forward Eps | 3.828 |
| Forward P E | 9.375652 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 735 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.0 |
| Gross Profits | 224,676,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.049850002 |
| Held Percent Institutions | 0.87049 |
| Implied Shares Outstanding | 20,606,157 |
| Industry | Banks - Regional |
| Industry Disp | Banks - Regional |
| Industry Key | banks-regional |
| Ir Website | http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=100319 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,777,852,800 |
| Last Dividend Value | 0.28 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,283,299,200 |
| Last Split Factor | 1:10 |
| Long Business Summary | 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. |
| Long Name | Independent Bank Corporation |
| Market | us_market |
| Market Cap | 739,554,944 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_279675 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | 69,826,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 745,736,821 |
| Number Of Analyst Opinions | 5 |
| Open | 36.18 |
| Operating Cashflow | 48,253,000 |
| Operating Margins | 0.38997 |
| Overall Risk | 3 |
| Payout Ratio | 0.3174 |
| Peg Ratio | 1.4 |
| Phone | 616 363 1207 |
| Pre Market Change | 0.15999985 |
| Pre Market Change Percent | 0.4458062 |
| Pre Market Price | 36.05 |
| Pre Market Time | 1,784,102,690 |
| Previous Close | 36.22 |
| Price Eps Current Year | 10.104166 |
| Price Hint | 2 |
| Price To Book | 1.447119 |
| Price To Sales Trailing12 Months | 3.2916362 |
| Profit Margins | 0.31078 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | hold |
| Recommendation Mean | 2.6 |
| Region | US |
| Regular Market Change | -0.330002 |
| Regular Market Change Percent | -0.911104 |
| Regular Market Day High | 36.525 |
| Regular Market Day Low | 35.76 |
| Regular Market Day Range | 35.76 - 36.525 |
| Regular Market Open | 36.18 |
| Regular Market Previous Close | 36.22 |
| Regular Market Price | 35.89 |
| Regular Market Time | 1,784,059,201 |
| Regular Market Volume | 215,024 |
| Return On Assets | 0.01283 |
| Return On Equity | 0.14282 |
| Revenue Growth | 0.097 |
| Revenue Per Share | 10.872 |
| Sand P52 Week Change | 0.2043345 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Share Holder Rights Risk | 5 |
| Shares Outstanding | 20,606,157 |
| Shares Percent Shares Out | 0.0352 |
| Shares Short | 726,046 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 647,908 |
| Short Name | Independent Bank Corporation |
| Short Percent Of Float | 0.0375 |
| Short Ratio | 3.97 |
| Source Interval | 15 |
| State | MI |
| Symbol | IBCP |
| Target High Price | 41.0 |
| Target Low Price | 36.5 |
| Target Mean Price | 38.3 |
| Target Median Price | 37.0 |
| Total Cash | 201,884,992 |
| Total Cash Per Share | 9.797 |
| Total Debt | 89,685,000 |
| Total Revenue | 224,676,992 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 1.06 |
| Trailing Annual Dividend Yield | 0.029265597 |
| Trailing Eps | 3.34 |
| Trailing P E | 10.745509 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 33.6236 |
| Two Hundred Day Average Change | 2.2663994 |
| Two Hundred Day Average Change Percent | 0.067405015 |
| Type Disp | Equity |
| Volume | 215,024 |
| Website | https://www.independentbank.com |
| Zip | 49,525 |