IBCP
INDEPENDENT BANK CORP /MI/Company Information
- Company Name
- INDEPENDENT BANK CORP /MI/
- CIK
- CIK0000039311
- Category
- Accelerated filer
- Ticker: Exchange
- IBCP: Nasdaq
- Fiscal Year End
- December 31
- Owner Organization
- 02 Finance
- SIC
- 6022
- SIC Description
- State Commercial Banks
- Ticker
- IBCP
SEC filing data through
Insider Sentiment
- Last purchase
- 2026-02-24
- Last sale
- 2026-09-15
- Shares purchased (TTM)
- 1,700
- Shares sold (TTM)
- 10,175
Institutional Sentiment
- As of
- —
- Institutional shares owned
- —
- Shares outstanding
- —
- Ownership
- —
Earnings Market Reaction
- Filing date
- 2026-08-05
- Price on filing date
- —
- 1-month reaction
- -4.01%
- 3-month reaction
- …
Balance Sheet
Values in millions ($)| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial Portfolio Segment | 93 | 2,267 | 2,214 | 2,099 | 2 | 24 | 1,937 | 1 | -0 | 19 | 1,680 | 1 | ||||||
| Residential Portfolio Segment | 13 | 1,520 | 1,525 | 1,497 | 1 | 20 | 1,517 | -1 | -0 | 21 | 1,486 | -0 | ||||||
| Installment Portfolio Segment | 0 | 520 | 538 | 553 | 0 | 3 | 585 | 1 | 0 | 4 | 625 | -0 | ||||||
| Cash And Due From Banks | 64 | 48 | 52 | 56 | 74 | 61 | 57 | 62 | 55 | 42 | 68 | 59 | ||||||
| Interest Bearing Deposits In Banks | 101 | 126 | 86 | 152 | 72 | 68 | 63 | 60 | 159 | 120 | 102 | 69 | ||||||
| Cash And Cash Equivalents At Carrying Value | 165 | 175 | 138 | 209 | 146 | 128 | 120 | 122 | 214 | 162 | 170 | 127 | ||||||
| Equity Securities Fv Ni Current And Noncurrent | 1 | - | - | - | 0 | - | - | - | 1 | - | - | - | ||||||
| Debt Securities Available For Sale Excluding Accrued Interest | 494 | 482 | 496 | 503 | 510 | 530 | 559 | 589 | 592 | 614 | 679 | 685 | ||||||
| Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss | 288 | 301 | 310 | 321 | 329 | 337 | 339 | 343 | 344 | 350 | 354 | 359 | ||||||
| Federal Home Loan Bank Stock And Federal Reserve Bank Stock | 19 | 18 | 18 | 18 | 18 | 16 | 16 | 16 | 16 | 17 | 17 | 17 | ||||||
Fi Nonecing Receivable Excluding Accrued Interest After Allowance For Credit Loss | ||||||||||||||||||
| Loans Held For Sale Fair Value Disclosure | 17 | 20 | 9 | 12 | 12 | 10 | 8 | 14 | 16 | 9 | 12 | 14 | ||||||
Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss | ||||||||||||||||||
| Notes Receivable Gross | 4,414 | 4,308 | 4,276 | 4,198 | 4,164 | 4,073 | 4,039 | 3,942 | 3,852 | 3,840 | 3,791 | 3,741 | ||||||
| Notes Receivable Net | 4,348 | 4,244 | 4,213 | 4,136 | 4,103 | 4,013 | 3,979 | 3,885 | 3,796 | 3,784 | 3,736 | 3,686 | ||||||
| Financing Receivable Allowance For Credit Loss Excluding Accrued Interest | -66 | -64 | -63 | -62 | -61 | -60 | -59 | -57 | -56 | -56 | -55 | -55 | ||||||
| Foreclosed Assets | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | ||||||
| Property Plant And Equipment Net | 45 | 42 | 39 | 39 | 38 | 37 | 37 | 35 | 35 | 35 | 36 | 35 | ||||||
| Bank Owned Life Insurance | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 55 | ||||||
| Servicing Asset At Fair Value Amount | 34 | 32 | 31 | 32 | 32 | 32 | 47 | 40 | 44 | 44 | 42 | 46 | ||||||
| Intangible Assets Net Excluding Goodwill | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | ||||||
| Goodwill | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | ||||||
| Other Assets | 170 | 159 | 168 | 141 | 146 | 143 | 148 | 130 | 134 | 133 | 133 | 145 | ||||||
| Noninterest Bearing Deposit Liabilities | 1,030 | 991 | 992 | 1,004 | 1,008 | 990 | 1,014 | 1,024 | 1,050 | 1,035 | 1,076 | 1,142 | ||||||
| Deposits Savings Deposits | 2,144 | 2,146 | 2,113 | 2,040 | 1,990 | 2,018 | 1,995 | 1,948 | 1,926 | 1,935 | 1,906 | 1,930 | ||||||
Deposits | ||||||||||||||||||
| Deposits | 4,862 | 4,881 | 4,762 | 4,859 | 4,659 | 4,634 | 4,654 | 4,627 | 4,614 | 4,582 | 4,623 | 4,586 | ||||||
| Interest Bearing Domestic Deposit Time Deposits | 662 | 657 | 663 | 661 | 628 | 635 | 628 | 620 | 586 | 570 | 524 | 478 | ||||||
| Interest Bearing Domestic Deposit Brokered | 1 | 57 | 19 | 173 | 122 | 81 | 110 | 40 | 127 | 149 | 285 | 236 | ||||||
| Other Borrowings | 127 | 27 | 77 | 2 | 102 | 45 | 45 | 0 | 50 | 50 | 50 | 50 | ||||||
| Subordinated Debt | - | - | 0 | 0 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 39 | ||||||
Assets | ||||||||||||||||||
| Assets | 5,664 | 5,558 | 5,506 | 5,493 | 5,419 | 5,328 | 5,338 | 5,259 | 5,278 | 5,231 | 5,264 | 5,200 | ||||||
| Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | ||||||
| Other Liabilities | 106 | 99 | 124 | 101 | 108 | 103 | 105 | 101 | 103 | 104 | 107 | 110 | ||||||
| Liabilities | 5,135 | 5,047 | 5,003 | 5,002 | 4,949 | 4,861 | 4,883 | 4,807 | 4,847 | 4,816 | 4,859 | 4,825 | ||||||
| Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Common Stock Value | 308 | 308 | 308 | 312 | 312 | 318 | 319 | 318 | 318 | 317 | 317 | 317 | ||||||
| Retained Earnings Accumulated Deficit | 277 | 264 | 253 | 240 | 227 | 216 | 206 | 192 | 184 | 170 | 159 | 150 | ||||||
| Accumulated Other Comprehensive Income Loss Net Of Tax | -56 | -61 | -58 | -61 | -70 | -67 | -70 | -58 | -71 | -72 | -72 | -92 | ||||||
| Liabilities And Stockholders Equity | 5,664 | 5,558 | 5,506 | 5,493 | 5,419 | 5,328 | 5,338 | 5,259 | 5,278 | 5,231 | 5,264 | 5,200 | ||||||
Stockholders Equity | ||||||||||||||||||
| Stockholders Equity | 528 | 511 | 503 | 491 | 469 | 467 | 455 | 452 | 430 | 416 | 404 | 375 | ||||||
| Held To Maturity Securities Fair Value | 261 | 271 | 283 | 293 | 294 | 303 | 302 | 315 | 306 | 311 | 319 | 309 | ||||||
Liabilities And Stockholders Equity | ||||||||||||||||||
| Preferred Stock No Par Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Preferred Stock Shares Authorized | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Common Stock No Par Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Common Stock Shares Authorized | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | ||||||
| Common Stock Shares Issued | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | ||||||
| Shares Outstanding | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | ||||||
Select a line item above to chart it.
Recent filings
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
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Start 7-day free trialINDEPENDENT BANK CORP /MI/ (IBCP) — SEC Financial Statements & Analysis
INDEPENDENT BANK CORP /MI/ (IBCP) is a state commercial banks company, incorporated in MI. INDEPENDENT BANK CORP /MI/ trades on Nasdaq as: IBCP. INDEPENDENT BANK CORP /MI/ (IBCP)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-05. Based on that filing, INDEPENDENT BANK CORP /MI/ carries a market cap of $737.78M, a P/E ratio of 10.28x, a P/B ratio of 1.40x, a P/S ratio of 2.73x, an enterprise value of $572.33M, and an EV/EBITDA multiple of -6.21x. On profitability, it posts a gross margin of 69.02%, an operating margin of 31.25%, a net margin of 26.56%, a Return on Equity (ROE) of 14.38%, and a Return on Invested Capital (ROIC) of -24.89%. Per share, it reports EPS of $3.48, diluted EPS of $3.45, free cash flow per share of $1.85, and a dividend per share of $1.08. Over the trailing year, it posted revenue growth of 0.69% year-over-year, net income growth of 10.84% year-over-year, and EPS growth of 11.62% year-over-year. On the balance sheet, it maintains an interest coverage ratio of -0.55x, free cash flow of $38.09M (TTM), and net debt of $-165.45M. Figures sourced from SEC EDGAR.
- Market Cap
- $737.78M
- P/E TTM
- 10.28x
- EPS TTM
- $3.48
- P/B TTM
- 1.40x
- ROE TTM
- 14.38%
- Free Cash Flow TTM
- $38.09M
- Net Revenue TTM Growth 1Y
- 0.69%
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is INDEPENDENT BANK CORP /MI/ in?
INDEPENDENT BANK CORP /MI/ (IBCP) operates in the State Commercial Banks industry.
What exchange does IBCP trade on?
INDEPENDENT BANK CORP /MI/ (IBCP) trades on the Nasdaq.
Where is INDEPENDENT BANK CORP /MI/ incorporated?
INDEPENDENT BANK CORP /MI/ is incorporated in MI.
When was INDEPENDENT BANK CORP /MI/ (IBCP)'s most recent SEC filing?
INDEPENDENT BANK CORP /MI/ (IBCP)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-05.
What is IBCP's market cap?
INDEPENDENT BANK CORP /MI/ (IBCP) has a market capitalization of $737.78M as of 2026-06-30.
What is IBCP's P/E ratio?
INDEPENDENT BANK CORP /MI/ (IBCP)'s trailing twelve month P/E ratio is 10.28x as of 2026-06-30.
What is IBCP's EPS (earnings per share)?
INDEPENDENT BANK CORP /MI/ (IBCP)'s trailing twelve month EPS is $3.48 as of 2026-06-30.
What is IBCP's ROE (return on equity)?
INDEPENDENT BANK CORP /MI/ (IBCP)'s trailing twelve month Return on Equity (ROE) is 14.38% as of 2026-06-30.
What is IBCP's ROIC (return on invested capital)?
INDEPENDENT BANK CORP /MI/ (IBCP)'s trailing twelve month Return on Invested Capital (ROIC) is -24.89% as of 2026-06-30.
What is IBCP's EV/EBITDA?
INDEPENDENT BANK CORP /MI/ (IBCP)'s trailing twelve month EV/EBITDA is -6.21x as of 2026-06-30.