Valuation: Independent Bank Corporation

Market Cap 809M 729M 674M 609M 1.15B 75.87B 1.18B 8.07B 3.22B 40.63B 3.04B 2.97B 129B P/E 2026 *
10.8x
P/E 2027 * 9.24x
Enterprise Value 809M 729M 674M 609M 1.15B 75.87B 1.18B 8.07B 3.22B 40.63B 3.04B 2.97B 129B EV / Sales 2026 *
3.91x
EV / Sales 2027 * 3.47x
Free-Float
95.22%
Yield 2026 *
3.06%
Yield 2027 * 3.14%
1 day+0.20%
1 week-1.85%
Current month-0.03%
1 month+2.75%
3 months-3.79%
6 months+8.55%
Current year+12.39%
1 week 36.11
Extreme 36.11
38.12
1 month 34.53
Extreme 34.53
38.35
Current year 31.75
Extreme 31.75
39.24
1 year 29.83
Extreme 29.83
39.24
3 years 20.02
Extreme 20.0168
40.32
5 years 14.9
Extreme 14.9
40.32
10 years 9.19
Extreme 9.19
40.32
Manager TitleAgeSince
Chief Executive Officer 61 2012-12-31
Director of Finance/CFO - 2020-09-13
Compliance Officer - -
Director TitleAgeSince
Chairman 68 2024-04-22
Director/Board Member 61 2012-12-31
Director/Board Member 70 2012-10-22
Date Insider Type Main position Quantity % Market Cap. Importance
10/1/26 Free

Director

140 0.0006%
10/1/26 Free

Director

374 0.0017%
10/1/26 Other

Director

292 0.0013%
Change 5-day change 1-year change 3-year change Capi.($)
+0.20%-1.85%+17.56%+75.01% 809M
+0.57%-2.27%+9.03%+136.05% 908B
-1.31%+1.87%+22.25%+114.27% 435B
-2.29%+3.33%+11.14%+144.98% 379B
-1.32%+3.86%+26.66%+138.10% 364B
+0.18%-1.64%-5.30%+83.34% 350B
-0.64%+6.24%+34.82%+124.37% 315B
+1.06%+2.84%+23.30%+123.00% 306B
+0.73%-0.97%+40.09%+147.88% 280B
-0.01%-1.85%-0.44%+110.48% 257B
Average -0.30%+3.19%+17.91%+119.75% 360B
Weighted average by Cap. -0.30%+3.28%+16.46%+126.38%

Financials

2026 *2027 *
Net sales 207M 187M 172M 156M 295M 19.42B 302M 2.07B 823M 10.4B 777M 760M 33.09B 233M 210M 194M 176M 332M 21.89B 341M 2.33B 928M 11.72B 876M 857M 37.31B
Net income 73.31M 66.08M 61.05M 55.19M 104M 6.88B 107M 732M 292M 3.68B 275M 269M 11.72B 88.79M 80.03M 73.94M 66.84M 126M 8.33B 130M 886M 353M 4.46B 333M 326M 14.19B
Net Debt - -
Projected Income Statement - Annual - Independent Bank Corporation
Logo Independent Bank Corporation
Independent Bank Corporation is a bank holding company. The Company operates over 59 locations across Michigan’s Lower Peninsula through its subsidiary Independent Bank (the bank). The bank offers a range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The bank also offers investment services through a third-party agreement with Cetera Investment Services LLC and title insurance services. The bank's personal services include accounts, loans, wealth, learn, and digital banking. The bank's commercial services include accounts, lending, services, wealth, learn, and digital banking. Its commercial checking accounts include Business ONE, Business Flex, and Eagle Advantage. Its commercial lending includes working capital lines of credit, equipment financing, commercial real estate loans, acquisition financing, SBA loans, and others.
Employees
781
Sector
Banks
Date Price Change Volume
26-11-11 US$36.56 -0.22% 38,782
26-11-10 US$36.64 -0.95% 139,147
26-11-09 US$36.99 +1.87% 147,799
26-11-06 US$36.31 -0.06% 99,943
26-11-05 US$36.33 -2.47% 298,980
Trader
Investor
-
Global
-
Quality
ESG MSCI
BBB
MarketScreener Ratings - Independent Bank Corporation
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
36.64USD
Average target price
41.20USD
Spread / Average Target
+12.45%
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