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Independent Bank Corp

IBCP

NASDAQ

Banking

$38.67

USD

+1.09 (+2.90%)

At close: Jul 28, 2026, 4:00 PM EDT

Market Cap $781.39M

Volume 171.9K

Price (USD)
Price (USD)

About Independent Bank Corp

Independent Bank Corp. operates as a bank holding company, which engages in the provision of financial services. The company is headquartered in Grand Rapids, Michigan and currently employs 735 full-time employees. The Bank is a state-chartered commercial bank which provides a variety of banking, investment and financial services through its retail branches, commercial banking centers, investment management offices, and mortgage lending centers located throughout Eastern Massachusetts as well as in Worcester County, southern New Hampshire, and Rhode Island. The Bank also offers a full suite of mobile, online, and telephone banking services. The Bank's borrowers primarily consist of small-to-upper middle market sized businesses and consumers. Its loan portfolio includes commercial loans, consumer loans, and other consumer loans, primarily consisting of investment management secured lines of credit, installment loans and overdraft protection lines. The commercial loans consist of commercial real estate loans, commercial construction loans, commercial and industrial loans, and small business loans.

CEO

Mr. William Kessel

HQ

Grand Rapids, MICHIGAN, US

Founded

1984

Employees

735

Quantli Score

8.4

Outperform

Fin. Health

8.1

Profitability

7.6

Growth

9.0

Cash-Flow Q.

8.8

Key Metrics

7 metrics our research team weighs before forming a view on IBCP.

Based on Quantli research · SEC filings · as of Q1 2026

METRIC

VALUE

CHANGE

TREND (3Y)

Revenue Growth (TTM)

-1.5%

-7.6 pp

Gross Margin (TTM)

72.7%

+3.1 pp

Operating Margin (TTM)

26.0%

+0.4 pp

Net Margin (TTM)

22.0%

+1.4 pp

ROE (TTM)

13.7%

-0.5 pp

EPS Growth (TTM)

6.7%

-0.1 pp

Free Cash Flow (TTM)

$25.85M

-52.0%

Financial Snapshot

Full Financials

Revenue

$317.03M

-1.5%

YoY

Gross Margin

73%

TTM

+4.5%

YoY

Net Income

$69.83M

+5.2%

YoY

Operating Cash Flow

$35.81M

-41.8%

YoY

Key Statistics

Open

$37.86

Previous Close

$37.58

Day Range

$37.84 - $38.80

52 Week Range

$29.63 - $39.17

Volume

171.9K

Average Volume (10 Days)

250.0K

Market Cap

$781.39M

P/E Ratio (TTM)

10.89

P/S Ratio (TTM)

2.46

Dividend Yield

2.81%

Valuation Measurement

Market Cap

$781.39M

Trailing P/E

10.89

Price / Sales

2.46

Price / Book

1.53

Financial Highlights

Profit Margin

22.0%

Return on Assets

1.3%

Return on Equity

13.7%

Revenue (TTM)

$317.03M

Net Income (TTM)

$69.83M

Diluted EPS (TTM)

$3.35

Total Cash (MRQ)

$48.48M

Levered FCF (TTM)

$25.85M

Turn research into action

Knowing a stock is strong is the start. Knowing how to invest in it when you spot good research is good returns.

Position Strategy

Ride market cycles. Patient hold.

Best for:

Patient investors

Swing Strategy

Buy support, sell on recovery.

Best for:

Risk-tolerant

Trend Following

Enter on trend. Cut losses fast.

Best for:

Active traders

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