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
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
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.
Similar Stocks
BCAL
California Bancorp
$21.52
▲ +1.5%
PFIS
Peoples Financial Services Corp
$71.93
▲ +2.4%
WASH
Washington Trust Bancorp Inc
$39.55
▲ +2.5%
CARE
Carter Bankshares Inc
$34.54
▲ +1.4%
FISI
Financial Institutions Inc
$42.16
▲ +2.2%
SHBI
Shore Bancshares Inc
$24.44
▲ +2.3%
AROW
Arrow Financial Corp
$40.18
▲ +0.0%
CWBC
Community West Bancshares
$25.54
▲ +1.1%