Independent Bank Corporation
General ticker "IBCP" information:
- Sector: Financials
- Industry: Banks - Regional
- Capitalization: $678.7M (TTM average)
Independent Bank Corporation follows the US Stock Market performance with the rate: 37.5%.
Estimated limits based on current volatility of 1.6%: low 33.10$, high 34.18$
Factors to consider:
- Earnings expected soon, date: 2026-01-22 bmo
- Company pays dividends (quarterly): last record date 2025-11-04, amount 0.26$ (Y3.07%)
- Total employees count: 732 (-12.0%) as of 2024
- Company does not operate outside US (retrieved using AI)
- Top business risk factors: Economic downturns and volatility, Monetary policy changes, Liquidity and credit risks, Cybersecurity threats, Operational and conduct risks
- Price in estimated range
- Earnings for 9 months up through Q3 are close to our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2024-12-31 to 2026-12-31
- 2024-12-31 to 2025-12-31 estimated range: [27.99$, 38.05$]
- 2025-12-31 to 2026-12-31 estimated range: [27.16$, 37.98$]
Financial Metrics affecting the IBCP estimates:
- Positive: with PPE of 11.1 at the end of fiscal year the price was neutral
- Positive: Operating profit margin, % of 26.25 > 18.33
- Positive: Industry operating cash flow per share per price (median), % of 10.65 > 10.14
- Positive: Industry earnings per price (median), % of 6.50 > 4.45
- Positive: 6.63 < Operating cash flow per share per price, % of 8.63
- Negative: Shareholder equity ratio, % of 8.52 <= 19.35
Short-term IBCP quotes
Long-term IBCP plot with estimates
Financial data
| YTD | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating Revenue | $224.23MM | $283.83MM | $316.33MM |
| Operating Expenses | $146.44MM | $210.15MM | $233.28MM |
| Operating Income | $77.79MM | $73.68MM | $83.05MM |
| Interest Expense | $19.45MM | $83.35MM | $100.53MM |
| Income(Loss) | $77.79MM | $73.68MM | $83.05MM |
| Taxes | $14.44MM | $14.61MM | $16.26MM |
| Profit(Loss)* | $63.35MM | $59.07MM | $66.79MM |
| Stockholders Equity | $347.60MM | $404.45MM | $454.69MM |
| Assets | $4,999.79MM | $5,263.73MM | $5,338.10MM |
| Operating Cash Flow | $94.63MM | $75.59MM | $63.15MM |
| Capital expenditure | $5.68MM | $6.02MM | $7.95MM |
| Investing Cash Flow | $-424.59MM | $-162.94MM | $-118.16MM |
| Financing Cash Flow | $294.86MM | $182.77MM | $5.11MM |
| Earnings Per Share** | $3.00 | $2.82 | $3.20 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.