Independent Bank Corp. IBCP
- Market cap
- $790.7M
- P/E
- 10.3×
Follow IBCP
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13.42 | 18.50 | 20.18 | 18.94 | 9.19 | 18.18 | 17.87 | 14.90 | 22.53 | 26.75 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
||
| 22.25 | 23.65 | 27.10 | 23.93 | 22.98 | 24.73 | 26.00 | 26.99 | 40.32 | 37.13 |
High Price
|
|||
| 885 | 911 | 976 | 994 | 983 | 986 | 916 | 832 | 834 | 826 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
|||
| 129 | 141 | 176 | 197 | 221 | 215 | 231 | 290 | 323 | 315 |
Revenue
|
|||
| 94.66% | 93.52% | 90.04% | 86.60% | 92.65% | 96.13% | 91.58% | 71.29% | 68.89% | 71.55% |
Gross Margin
|
|||
| 33 | 38 | 49 | 58 | 69 | 77 | 78 | 74 | 83 | 81 |
EBT
|
|||
| 25.54% | 27.29% | 27.98% | 29.37% | 31.50% | 36.01% | 33.69% | 25.37% | 25.70% | 25.78% |
EBT Margin
|
|||
| 23 | 20 | 40 | 46 | 56 | 63 | 63 | 59 | 67 | 69 |
Net Income
|
|||
| 5 | 7 | 6 | 6 | 9 | 12 | 11 | 10 | 10 | 10 |
Depreciation
|
|||
| 6.03 | 6.60 | 7.50 | 8.59 | 10.04 | 9.95 | 10.95 | 13.84 | 15.47 | 15.19 |
Revenue/Sh
|
|||
| 1.06 | 0.96 | 1.70 | 2.03 | 2.56 | 2.91 | 3.00 | 2.82 | 3.20 | 3.30 |
Earnings/Sh
|
|||
| 1.11 | 1.81 | 1.92 | 1.51 | 2.67 | 5.10 | 4.49 | 3.60 | 3.02 | 3.69 |
Cash Flow/Sh
|
|||
| (0.14) | (0.20) | (0.16) | (0.21) | (0.15) | (0.27) | (0.18) | (0.21) | (0.33) | (0.31) |
Capex/Sh
|
|||
| 0.97 | 1.61 | 1.76 | 1.29 | 2.52 | 4.84 | 4.30 | 3.40 | 2.69 | 3.38 |
Free CF/Sh
|
|||
| 11.65 | 12.42 | 14.48 | 15.30 | 17.72 | 18.46 | 16.48 | 19.28 | 21.76 | 24.23 |
Book Value/Sh
|
|||
| 21 | 21 | 23 | 23 | 22 | 22 | 21 | 21 | 21 | 21 |
Shares
|
|||
| 20.61 | 23.80 | 12.36 | 11.10 | 7.19 | 8.20 | 8.02 | 9.13 | 10.88 | 9.86 |
PE Ratio
|
|||
| 3.66 | 3.46 | 2.80 | 2.64 | 1.84 | 2.40 | 2.21 | 1.86 | 2.25 | 2.14 |
PS Ratio
|
|||
| 1.89 | 1.84 | 1.45 | 1.48 | 1.04 | 1.29 | 1.47 | 1.34 | 1.60 | 1.34 |
PB Ratio
|
|||
| 3.32 | 3.69 | 2.77 | 2.95 | 1.80 | 2.40 | 2.60 | 1.72 | 2.27 | 2.07 |
EV/Sales
|
|||
| 20.68 | 15.11 | 11.82 | 19.61 | 7.14 | 4.93 | 6.61 | 7.02 | 13.04 | 9.32 |
EV/FCF
|
|||
| 24 | 39 | 45 | 34 | 59 | 110 | 95 | 76 | 63 | 77 |
Op' Cash Flow
|
|||
| (3) | (4) | (4) | (5) | (3) | (6) | (4) | (4) | (7) | (6) |
Capex
|
|||
| 21 | 34 | 41 | 30 | 55 | 104 | 91 | 71 | 56 | 70 |
FCF
|
|||
| (512) | (311) | (200) | (207) | (734) | (1,074) | (824) | (679) | (505) | (358) |
Working Cap'
|
|||
| 45 | 90 | 65 | 128 | 109 | 109 | 165 | 129 | 124 | 117 |
Total Debt
|
|||
| (44) | 32 | (6) | 62 | (10) | (1) | 91 | (41) | 5 | (22) |
Net Debt
|
|||
| 249 | 265 | 339 | 350 | 390 | 398 | 348 | 404 | 455 | 503 |
Sh' Equity
|
|||
| 0.92% | 0.77% | 1.30% | 1.34% | 1.45% | 1.41% | 1.31% | 1.15% | 1.26% | 1.26% |
ROA
|
|||
| 10.04% | 8.14% | 9.86% | 8.75% | 11.44% | 12.14% | 11.09% | 12.65% | 11.30% | 10.55% |
ROIC
|
|||
| 9.11% | 7.97% | 13.19% | 13.48% | 15.18% | 15.96% | 16.98% | 15.71% | 15.55% | 14.31% |
ROE
|
|||
Independent Bank Corp. peers in Banks Regional
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| FISI Financial Institutions, Inc. | $788.6M | 9.8× | Compare |
| PGC Peapack-Gladstone Financial Corporation | $794.6M | 15.4× | Compare |
| SMBC Southern Missouri Bancorp, Inc. | $795.3M | 11.2× | Compare |
| ALRS Alerus Financial | $802.9M | 29.8× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| SPFI South Plains Financial, Inc. | $807.3M | 11.3× | Compare |
| SHBI Shore Bancshares Inc | $764.9M | 11.6× | Compare |
| HTB HomeTrust Bancshares, Inc. | $763.4M | 12.0× | Compare |
| ORRF Orrstown Financial Services Inc | $823.2M | 9.3× | Compare |
Independent Bank Corp. (IBCP) key facts
- Independent Bank Corp. (IBCP) is a Banks Regional company in the Financial sector, listed on Nasdaq.
- Independent Bank Corp.’s revenue for fiscal 2025 (year ended December 2025) was $315.4 million, down 2.40% from fiscal 2024.
- Net income was $68.5 million, or $3.30 per share (basic), a net margin of 21.7%.
- As of September 25, 2026, IBCP traded at $35.83, a market capitalization of $790.7 million.
- At that price the stock trades at 10.3× trailing-twelve-month earnings and 2.3× sales.
- Independent Bank Corp. pays an annual dividend of $0.92 per share, a yield of 4.05%, with a payout ratio of 31.8%.
- Return on equity was 14.3% and debt-to-equity 0.32.
Independent Bank Corp. (IBCP) Latest News
21 Sep
Independent Bank Corp. (IBCP) offers a steady income profile as a mid-cap finance stock with a 3.09% dividend yield, paid quarterly at $0.28 per share and an annualized dividend of $1.12. The payout ratio sits at 33%, and dividends have grown 7.7% year over year, with five straight annual increases averaging about 5.11% over five years. The stock has risen 11.37% year to date. Zacks Investment Research rates IBCP as a Buy (Rank #2) and projects 2026 earnings of $3.59 per share, up roughly 9.8% from the prior year. The industry’s dividend yield (Banks - Northeast) is 2.16%, lower than IBCP, while the S&P 500 yields 1.44%. The piece cautions that high-yield stocks can struggle in rising-rate environments, but portrays IBCP as an attractive dividend play and a compelling investment opportunity. Solid earnings growth expectations and a growing dividend improve upside potential, but no major strategic moves or catalysts are outlined.
4 Sep
Independent Bank Corp. (IBCP) offers consistent dividends with solid yield, supported by stable earnings and growth, making it attractive for income investors. IBCP dividend profile boosts investor interest and supports moderate share performance gains.
27 Jul
Independent Bank (IBCP) receives rating upgrade to Buy. Buy rating upgrade for IBCP can moderately lift investor sentiment and short-term stock performance.
24 Jul
Independent Bank (IBCP) released its Q2 2026 earnings call transcript covering quarterly financial results, management commentary, and operational updates. Quarterly earnings updates typically affect near-term sentiment and trading without fundamentally altering long-term company trajectory.
23 Jul
Independent Bank Corp. posted strong net income and loan growth in Q2 2026. Strong Q2 net income and loan growth signal improved financial performance and growth prospects likely to lift stock trajectory.
Independent Bank Corporation held its Q2 2026 earnings call covering financial results, performance metrics and forward outlook for the bank. Q2 earnings call delivers material data on IBCP financials and strategy that typically moves stock and investor views.
Independent Bank Corporation held its Q2 earnings call, reporting financial results, net interest income, loan growth, credit quality metrics and capital position while providing forward guidance on operations and interest rate outlook. Quarterly earnings figures and guidance directly shape near-term valuation and investor sentiment for Independent Bank Corporation.
Independent Bank (IBCP) exceeded Q2 earnings and revenue estimates. Quarterly earnings and revenue beat can lift near-term sentiment and valuation for IBCP.
Independent Bank Corporation reported 2026 second quarter earnings of $0.90 per diluted share. Quarterly earnings results typically move near-term stock price and valuation metrics for the bank.
1 Jul
Independent Bank Corporation completes acquisition of HCB Financial Corp. and Highpoint Community Bank. Acquisition expands Independent Bank Corporation operations and market presence substantially.
18 Jun
Independent Bank Corporation shareholders approved the acquisition of HCB Financial Corp. and Highpoint Community Bank. Shareholder approval for acquiring HCB Financial Corp. and Highpoint Community Bank marks a major expansion step for Independent Bank Corporation.
12 Jun
Independent Bank Corporation received regulatory approvals to acquire HCB Financial Corp. and Highpoint Community Bank. Regulatory clearance for the HCB Financial Corp. and Highpoint Community Bank acquisitions marks a major expansion of Independent Bank Corporation's footprint and assets.
24 Apr
Independent Bank Corp. (IBCP) Q1 2026 earnings call highlights strong income growth and positive developments. Strong income growth in Q1 2026 earnings signals significant positive impact on IBCP's financial performance and investor sentiment.
23 Apr
Independent Bank Corporation held its Q1 2026 earnings call, summarizing financial results, key metrics, strategic updates, and forward outlook. Quarterly earnings call summary reveals financial performance and guidance that significantly shape IBCP's market trajectory and investor confidence.
Independent Bank Corporation (IBCP) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates indicates strong financial health, likely boosting stock price and investor sentiment.
Independent Bank Corporation reported first quarter 2026 earnings of $0.81 per diluted share. Q1 2026 earnings of $0.81 per diluted share represent a major financial update that can significantly influence IBCP's stock price and investor sentiment.
Independent Bank Corporation's Q1 earnings call highlights key financial metrics, strategic updates, and forward guidance for the quarter. Q1 earnings highlights directly affect financial performance and investor sentiment but represent routine quarterly reporting.
Independent Bank Corporation (IBCP) Q1 earnings compared to analyst estimates, with analysis of key metrics. Q1 earnings versus estimates affect financial performance views and short-term market sentiment.
20 Mar
Independent Bank Corporation announces 'People-First' HCB deal to expand Michigan footprint and boost lending power. HCB acquisition represents major strategic expansion of Michigan presence and lending capacity.
18 Mar
Independent Bank Corporation (IBCP) and HCB Financial Corp. announced a definitive merger agreement. Definitive merger agreement with HCB Financial Corp. represents a major strategic expansion likely to enhance IBCP's scale, market presence, and financial performance.
11 Mar
Analysts are repricing Independent Bank Corporation (IBCP) shares despite unchanged fundamentals, shifting the investment narrative around the company. Analyst repricing on same fundamentals signals moderately noticeable shift in market sentiment affecting IBCP's stock performance.
10 Feb
Independent Bank Corporation (IBCP) is highlighted as a top dividend stock for February 2026, showcasing its strong financial performance and commitment to returning value to shareholders. The bank's consistent dividend payments and growth potential make it an attractive option for investors seeking reliable income. Analysts emphasize IBCP's solid fundamentals and strategic positioning in the market, suggesting it could outperform peers in the coming months. Strong financial performance and commitment to dividends indicate significant potential for future growth and investor interest.
9 Feb
Analysts are observing a subtle shift in the narrative surrounding Independent Bank Corporation (IBCP), indicating potential changes in its market positioning and operational strategies. Recent developments suggest that IBCP may be adapting to evolving market conditions, which could influence its future performance and investor sentiment. The bank's strategic initiatives and responses to competitive pressures are under scrutiny, as stakeholders assess the implications for growth and profitability. The shift in narrative suggests moderate changes that may influence IBCP's competitive positioning and financial performance.
30 Jan
Independent Bank Corporation (IBCP) has announced an increase in its dividend to $0.28 per share, reflecting the bank's commitment to returning value to its shareholders. This decision indicates a positive outlook on the bank's financial health and operational performance. The dividend increase suggests moderate confidence in financial stability and may positively influence investor sentiment.
26 Jan
Independent Bank Corporation (IBCP) is experiencing shifts in price targets that could significantly influence its market narrative. Analysts are adjusting their expectations based on recent performance metrics and market conditions, suggesting a potential reevaluation of the bank's growth trajectory. These changes in price targets reflect broader trends in the banking sector and may impact investor sentiment moving forward. Adjustments in price targets indicate significant market dynamics that could alter investor sentiment and the bank's future performance.
23 Jan
Independent Bank Corporation (IBCP) reported its latest earnings, highlighting key financial metrics and strategic initiatives. The bank demonstrated growth in net income and assets, driven by increased loan demand and effective cost management. Management provided insights into future expectations, emphasizing a commitment to enhancing customer experience and expanding market presence. The earnings call also addressed challenges in the current economic environment, including interest rate fluctuations and regulatory considerations. Significant strategic initiatives and financial performance improvements are likely to influence future growth and investor sentiment.
Independent Bank Corporation (IBCP) reported its latest earnings, highlighting key financial metrics and strategic initiatives. The company discussed its performance in the current economic environment, addressing challenges and opportunities. Management provided insights into future growth plans and operational efficiencies aimed at enhancing shareholder value. Overall, the earnings call reflected a commitment to navigating market dynamics while focusing on sustainable growth. Earnings call insights indicate moderate influence on financial performance and strategic direction.
22 Jan
Independent Bank Corporation (IBCP) reported its Q4 2025 earnings, highlighting strategies for growth amidst a challenging economic landscape. The bank emphasized its focus on expanding its loan portfolio and enhancing customer service. Management discussed the impact of interest rate fluctuations and regulatory changes on financial performance, while also outlining plans for future investments in technology and infrastructure to drive efficiency. Overall, the earnings call reflected a commitment to navigating market challenges and pursuing sustainable growth. Significant strategic moves and investments in technology are expected to alter the company's trajectory and investor sentiment.
Independent Bank Corporation (IBCP) reported its Q4 earnings, highlighting strong financial performance with increased net income and improved asset quality. The bank's strategic initiatives, including enhanced digital services and community engagement, contributed to its growth. Management expressed optimism about future opportunities and maintaining a solid capital position, despite potential economic challenges. Overall, the earnings call reflected a positive outlook for IBCP's continued expansion and resilience in the banking sector. Strong financial performance and strategic initiatives indicate significant potential for future growth and market positioning.
Independent Bank Corporation (IBCP) reported its latest earnings, highlighting key financial metrics and strategic initiatives. The bank demonstrated growth in net income and assets, driven by increased loan demand and improved operational efficiency. Management discussed future plans to enhance customer experience and expand market presence. The earnings call provided insights into the bank's performance and outlook amid changing economic conditions. The earnings report indicates moderate growth and strategic initiatives that may influence financial performance but are balanced by external economic factors.