INDEPENDENT BANK CORP /MI/
IBCPNasdaq
$36.41
↓ -3.5%Jul 17 close · end-of-day
Price
1Y↑ +11.1%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$756.6M
Enterprise Value
$581.7M
P/E
10.9
P/S
23.4
P/B
1.5
EV/EBITDA
—
PEG
3.3
FCF Yield
5.1%
Dividend Yield
2.9%
Revenue (TTM)
$32.3M
Net Income (TTM)
$69.8M
Free Cash Flow (TTM)
$38.3M
Gross Margin
—
Operating Margin
—
Net Margin
—
ROE
—
ROIC
—
Debt / Equity
—
Net Cash
$174.9M
Return 1Y
+9.6%
Company profile
Independent Bank offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance, insurance brokerage, and investment services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
- CEO
- William B. Kessel
- Sector
- Finance, Insurance, And Real Estate
- Industry
- Banking
- Employees
- 920
- Headquarters
- Michigan
- Website
- independentbank.com
Management & directors
- Ervin Patrick JExecutive Vice President
- Kimball Stefanie MExecutive Vice President
- Kessel William BPresident & CEO
- Mohr Gavin A.Executive Vice President
- Rahn Joel FExecutive Vice President
- Daniel Larry R JrExecutive Vice President
- Kreter KristopherFirst Vice Pres. & Controller
- Michaels Christopher SExecutive Vice President
- Stodolak Michael JosephExecutive Vice President
- Twarozynski James JSenior Vice President
Roles derived from SEC Form 4 filings.
Earnings
IBCP Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$7.6M↑ +3.4%
Diluted EPS$0.81↑ +9.5%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $24.0M | $29.1M | $31.6M | $32.9M | $32.0M | $32.1M |
| Gross profit | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
| Net income | $56.2M | $62.9M | $63.4M | $59.1M | $66.8M | $68.5M |
| Diluted EPS | $2.53 | $2.88 | $2.97 | $2.79 | $3.16 | $3.27 |
| Operating cash flow | $58.7M | $110.2M | $94.6M | $75.6M | $63.2M | $76.7M |
| Free cash flow | $54.3M | $104.3M | $89.0M | $69.6M | $55.2M | $70.2M |
| Gross margin | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — |
| Net margin | 233.7% | 216.1% | 200.2% | 179.5% | 208.9% | 213.7% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.9M | $8.8M | $7.7M | $7.3M | $7.9M | $8.9M | $7.9M | $7.6M |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| Net income | $18.5M | $13.8M | $18.5M | $15.6M | $16.9M | $17.5M | $18.6M | $16.9M |
| Diluted EPS | $0.88 | $0.65 | $0.87 | $0.74 | $0.81 | $0.84 | $0.89 | $0.81 |
| Operating cash flow | $8.7M | $17.2M | $16.4M | $19.3M | $31.4M | $18.2M | $7.8M | -$9.2M |
| Free cash flow | $7.0M | $15.7M | $12.4M | $18.1M | $29.1M | $16.5M | $6.4M | -$13.8M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 234.7% | 156.3% | 240.6% | 212.3% | 214.2% | 196.2% | 234.1% | 222.4% |
Company news
Jul 20, 2026
Jul 16, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-07-01 | Boer William J | Award | 285 | $36.07 | $10,279.95 | filing |
| 2026-06-09 | Ervin Patrick J· Executive Vice President | Sale | 1,400 | $35.39 | $49,546.56 | filing |
| 2026-06-09 | Ervin Patrick J· Executive Vice President | Sale | 780 | $35.42 | $27,627.60 | filing |
| 2026-06-09 | Ervin Patrick J· Executive Vice President | Sale | 242 | $35.41 | $8,569.22 | filing |
| 2026-06-09 | Ervin Patrick J· Executive Vice President | Sale | 76 | $35.40 | $2,690.40 | filing |
| 2026-06-09 | Ervin Patrick J· Executive Vice President | Sale | 2 | $35.44 | $70.88 | filing |
| 2026-05-29 | Kimball Stefanie M· Executive Vice President | Sale | 1,400 | $34.42 | $48,181.00 | filing |
| 2026-04-06 | Kessel William B· President & CEO | Tax withholding | 4,788 | $33.78 | $161,738.64 | filing |
| 2026-04-06 | Ervin Patrick J· Executive Vice President | Tax withholding | 1,790 | $33.78 | $60,466.20 | filing |
| 2026-04-06 | Ervin Patrick J· Executive Vice President | Tax withholding | 1,778 | $33.78 | $60,060.84 | filing |
| 2026-04-06 | Kimball Stefanie M· Executive Vice President | Tax withholding | 1,743 | $33.78 | $58,878.54 | filing |
| 2026-04-06 | Mohr Gavin A.· Executive Vice President | Tax withholding | 1,717 | $33.78 | $58,000.26 | filing |
| 2026-04-06 | Kimball Stefanie M· Executive Vice President | Tax withholding | 1,672 | $33.78 | $56,480.16 | filing |
| 2026-04-06 | Mohr Gavin A.· Executive Vice President | Tax withholding | 1,659 | $33.78 | $56,041.02 | filing |
| 2026-04-06 | RAHN JOEL F· Executive Vice President | Tax withholding | 1,270 | $33.78 | $42,900.60 | filing |
| 2026-04-06 | RAHN JOEL F· Executive Vice President | Option exercise | 4,150 | — | — | filing |
| 2026-04-06 | Mohr Gavin A.· Executive Vice President | Option exercise | 4,297 | — | — | filing |
| 2026-04-06 | Kimball Stefanie M· Executive Vice President | Option exercise | 4,331 | — | — | filing |
| 2026-04-06 | Ervin Patrick J· Executive Vice President | Option exercise | 4,274 | — | — | filing |
| 2026-04-06 | Kessel William B· President & CEO | Option exercise | 10,981 | — | — | filing |
| 2026-04-01 | Boer William J | Award | 309 | $33.30 | $10,289.70 | filing |
| 2026-02-24 | Kruse Ronia F | Buy | 1,200 | $35.27 | $42,324.00 | filing |
| 2026-02-06 | Kessel William B· President & CEO | Tax withholding | 2,935 | $36.60 | $107,421.00 | filing |
| 2026-02-06 | Ervin Patrick J· Executive Vice President | Tax withholding | 1,174 | $36.60 | $42,968.40 | filing |
| 2026-02-06 | Kimball Stefanie M· Executive Vice President | Tax withholding | 1,114 | $36.60 | $40,772.40 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.