INDEPENDENT BANK CORP (IBCP)
Financials · Community banking · NASDAQ
A Michigan-based bank holding company providing commercial, mortgage, and installment lending alongside deposit products to regional customers.
What INDEPENDENT BANK CORP does
Independent Bank Corporation is a bank holding company that operates as a community bank in Michigan, offering commercial loans, mortgage loans, and installment loans to businesses and individuals. The company accepts various deposit products including non-interest bearing, savings, interest-bearing checking, and time deposits. The bank generates revenue through net interest income on its loan and deposit portfolios and operates mortgage loan servicing activities. The company is pending acquisition of HCB Financial Corp., which would expand its regional presence.
Themes: ["Regional community banking","Mortgage lending","Commercial lending","Consumer banking"]
Fundamentals
- Price$35.50 as of 2026-07-09 close
- Market cap$731M as of 2026-07-10
- 1-year return+2.7% as of 2026-07-09 close
- P/E10.47 as of 2026-07-10
- Net margin+28.8% as of 2026-07-10
- ROE+14.1% as of 2026-07-10
- Debt / equity0.08 as of 2026-07-10
- Revenue growth (YoY)+46.1% as of 2026-07-10
- Revenue CAGR (3y)+0.5% SEC XBRL
- Beta0.72 as of 2026-07-10
Dividend: yield +3.2%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Pending HCB Financial Corp. acquisition may not deliver anticipated benefits or cost savings, and integration could have adverse impacts","Exposure to economic conditions in Michigan and regional real estate markets, where primary operations are concentrated","Interest rate volatility and credit quality deterioration could affect loan portfolio performance and profitability"]
Competitors & peers
- Flagstone Bank (Michigan regional competitor)
- Isabella Bank Corporation (Michigan regional competitor)
- Chemical Financial Corporation
- Mackinac Savings Bank (Michigan regional competitor)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.