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IBCP Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
33.380
Open
32.940
VWAP
33.14
Vol
231.48K
Mkt Cap
674.19M
Low
32.740
Amount
7.67M
EV/EBITDA(TTM)
8.11
Total Shares
20.59M
EV
738.82M
EV/OCF(TTM)
4.01
P/S(TTM)
3.65
Independent Bank Corp. is a bank holding company, the principal subsidiary of which is Rockland Trust Company (the Bank). 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 and Rhode Island. It 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, construction loans, commercial and industrial loans, and small business loans.
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Events Timeline

(ET)
2026-03-18
17:10:00
Independent Bank and HCB Financial Announce Merger Agreement Valued at Approximately $70.2M
select
2026-01-22 (ET)
2026-01-22
08:10:00
Company Reports Strong Q4 Performance with 32% Dividend Payout Ratio
select
2026-01-16 (ET)
2026-01-16
08:30:00
Independent Bank Corporation Declares $0.28 Cash Dividend Per Share
select
2026-01-02 (ET)
2026-01-02
08:10:00
Independent Bank Appoints Mike Stodolak as EVP, Retail Banking
select
2025-10-28 (ET)
2025-10-28
08:03:12
Independent Bank Announces Q3 EPS of 84 Cents, Matching Expectations
select
2025-07-24 (ET)
2025-07-24
08:06:40
Independent Bank reports Q2 EPS 81c, consensus 79c
select

News

Newsfilter
9.5
03-31Newsfilter
PinnedIndependent Bank Corporation Announces Q1 2026 Earnings Release Date
  • Earnings Release Schedule: Independent Bank Corporation expects to issue its Q1 2026 earnings report on April 23, 2026, at 8:00 am ET, making the information accessible through the investor relations section of its website to ensure timely financial data for investors.
  • Investor Conference Call: A conference call will be held on April 23, 2026, at 11:00 am ET, featuring CEO Brad Kessel, CFO Gavin Mohr, and EVP Joel Rahn reviewing quarterly results, enhancing transparency and engaging with investors.
  • Webcast and Replay Availability: Investors can register via a specific link to access the conference call, with the webcast and presentation slides available during the call, and a replay accessible until April 23, 2027, ensuring information is available for those unable to attend live.
  • Company Overview: Founded in 1864, Independent Bank Corporation has approximately $5.5 billion in assets and offers a full range of financial services including commercial banking and mortgage lending, committed to providing exceptional personal service and value to its customers and shareholders.
Globenewswire
8.5
03-24Globenewswire
Monteverde & Associates Investigates Multiple Mergers
  • Shareholder Recovery: Monteverde & Associates has recovered millions for shareholders, being recognized as a Top 50 firm in the 2025 ISS Securities Class Action Services Report, demonstrating its strong capability in protecting shareholder rights.
  • Independent Bank Acquisition: In the transaction between Independent Bank Corporation (NASDAQ:IBCP) and HCB Financial Corp., HCB shareholders are set to receive 1.5900 shares of Independent common stock and $17.51 per share in cash, which is expected to positively impact shareholder value.
  • Talkspace Sale: Talkspace, Inc. (NASDAQ:TALK) is being sold to Universal Health Services, Inc. for $5.25 per share in cash, providing direct cash returns to Talkspace shareholders and enhancing its investment appeal.
  • UniFirst Merger: UniFirst Corporation (NYSE:UNF) will be sold for $155.00 in cash and 0.7720 shares of Cintas stock per UniFirst share, which is expected to deliver substantial financial benefits to UniFirst shareholders and further solidify Cintas's market position.
seekingalpha
8.5
03-18seekingalpha
Independent Bank to Acquire HCB Financial for $70.2M
  • Acquisition Overview: Independent Bank Corp. (IBCP) has agreed to acquire HCB Financial (HCBN) in a cash and stock transaction valued at $70.2 million, which will enhance its footprint in the high-growth corridor from Grand Rapids to Lansing, Michigan, thereby solidifying its position in a rapidly expanding market.
  • Asset Scale Increase: Based on financial data as of December 31, 2025, the combined entity will have approximately $6.1 billion in total assets, $5.3 billion in total deposits, and $4.7 billion in total loans, indicating strong market integration potential and business expansion capabilities.
  • Shareholder Value Enhancement: Under the terms of the agreement, IBCP will issue 1.590 shares of its common stock plus $17.51 in cash for each outstanding share of HCBN, valuing each HCBN share at approximately $70.19 based on IBCP's closing price of $33.13 on March 17, 2026, representing a 73% premium over its closing price of $40.40 on Tuesday.
  • Earnings Outlook Improvement: The acquisition is expected to be approximately 6% accretive to Independent's 2027 EPS, with an estimated tangible book value per share dilution of 4% at closing, which is anticipated to be earned back in about 3.4 years, demonstrating the long-term profitability potential of the acquisition.
NASDAQ.COM
2.0
01-23NASDAQ.COM
Independent Bank (IBCP) Earnings Transcript
NASDAQ.COM
2.0
01-23NASDAQ.COM
Independent Bank (IBCP) Earnings Call Transcript
Yahoo Finance
9.5
01-22Yahoo Finance
Independent Bank Corp Reports Q4 Net Income of $18.6M with Significant Loan Growth
  • Net Income Growth: Independent Bank Corp reported a net income of $18.6 million for Q4 2025, slightly up from $18.5 million in the previous year, indicating the company's ongoing ability to maintain stable profitability.
  • Strong Loan Demand: The company achieved a net loan growth of $78 million, annualized at 7.4%, reflecting robust market demand for loans, which is expected to contribute positively to future revenue growth.
  • Improved Capital Ratio: The tangible common equity ratio increased to 8.65%, demonstrating a stronger capital position that supports future expansion and investment opportunities.
  • Decline in Non-Interest Income: Despite the increase in net income, non-interest income fell to $12 million in Q4 2025 from $19.1 million a year earlier, highlighting challenges in revenue diversification.
Wall Street analysts forecast IBCP stock price to rise
2 Analyst Rating
Wall Street analysts forecast IBCP stock price to rise
0 Buy
2 Hold
0 Sell
Hold
Current: 0.000
sliders
Low
35.00
Averages
35.50
High
36.00
Current: 0.000
sliders
Low
35.00
Averages
35.50
High
36.00
Piper Sandler
Nathan Race
Neutral
maintain
$36 -> $39
AI Analysis
2026-01-26
Reason
Piper Sandler
Nathan Race
Price Target
$36 -> $39
AI Analysis
2026-01-26
maintain
Neutral
Reason
Piper Sandler analyst Nathan Race raised the firm's price target on Independent Bank to $39 from $36 and keeps a Neutral rating on the shares. The firm says that apart from higher operating expenses that resulted in a 6% PPNR shortfall, Independent's results in Q4 remained strong as loan growth continued to be very solid at 7% LQA and asset quality metrics were again benign.
Keefe Bruyette
Market Perform
maintain
$35 -> $37
2026-01-23
Reason
Keefe Bruyette
Price Target
$35 -> $37
2026-01-23
maintain
Market Perform
Reason
Keefe Bruyette raised the firm's price target on Independent Bank to $37 from $35 and keeps a Market Perform rating on the shares.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for IBCP
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Valuation Metrics

The current forward P/E ratio for Independent Bank Corp (Michigan) (IBCP.O) is 9.55, compared to its 5-year average forward P/E of 9.05. For a more detailed relative valuation and DCF analysis to assess Independent Bank Corp (Michigan)'s fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
9.05
Current PE
9.55
Overvalued PE
10.38
Undervalued PE
7.72

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.00
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
0.00
Undervalued EV/EBITDA
0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
3.24
Current PS
3.27
Overvalued PS
3.77
Undervalued PS
2.71

Financials

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Quarterly

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Frequently Asked Questions

What is Independent Bank Corp (Michigan) (IBCP) stock price today?

The current price of IBCP is 33.3 USD — it has increased 1.68

What is Independent Bank Corp (Michigan) (IBCP)'s business?

Independent Bank Corp. is a bank holding company, the principal subsidiary of which is Rockland Trust Company (the Bank). 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 and Rhode Island. It 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, construction loans, commercial and industrial loans, and small business loans.

What is the price predicton of IBCP Stock?

Wall Street analysts forecast IBCP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IBCP is35.50 USD with a low forecast of 35.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Independent Bank Corp (Michigan) (IBCP)'s revenue for the last quarter?

Independent Bank Corp (Michigan) revenue for the last quarter amounts to 48.27M USD, decreased -5.97

What is Independent Bank Corp (Michigan) (IBCP)'s earnings per share (EPS) for the last quarter?

Independent Bank Corp (Michigan). EPS for the last quarter amounts to 0.89 USD, increased 2.30

How many employees does Independent Bank Corp (Michigan) (IBCP). have?

Independent Bank Corp (Michigan) (IBCP) has 735 emplpoyees as of April 01 2026.

What is Independent Bank Corp (Michigan) (IBCP) market cap?

Today IBCP has the market capitalization of 674.19M USD.