Valuation: Independent Bank Corporation

Market Cap 850M 737M 690M 629M 1.18B 81.08B 1.2B 8.12B 3.17B 40.6B 3.19B 3.12B 135B P/E 2026 *
10.8x
P/E 2027 * 9.87x
Enterprise Value 850M 737M 690M 629M 1.18B 81.08B 1.2B 8.12B 3.17B 40.6B 3.19B 3.12B 135B EV / Sales 2026 *
3.84x
EV / Sales 2027 * 3.49x
Free-Float
95.24%
Yield 2026 *
2.92%
Yield 2027 * 3.01%
1 day+0.10%
1 week-0.53%
Current month+0.25%
1 month+5.73%
3 months+15.45%
6 months+4.55%
Current year+17.72%
1 week 37.48
Extreme 37.48
38.6
1 month 35.28
Extreme 35.285
39.24
Current year 31.75
Extreme 31.75
39.24
1 year 29.83
Extreme 29.83
39.24
3 years 16.9
Extreme 16.9
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.
8/10/26 Sell

Controller/Auditor

-489 0.0024%
8/10/26
Independent Bank Corp. ESOP
OtherCompany 0 0%
7/31/26 Free

Director

462 0.0022%
Change 5-day change 1-year change 3-year change Capi.($)
+0.12%-0.53%+19.34%+86.99% 850M
-0.68%-1.51%+31.65%+167.29% 34.23B
0.00%+0.62%+25.09%+25.05% 11.81B
-0.18%-3.14% - - 4.93B
+0.46%-0.17%+44.92%+89.30% 4.15B
+3.28%+3.19%-26.64%+8.56% 4B
+5.01%+5.58%+33.41%+235.81% 3.66B
+0.62%+3.85%+51.83%+76.57% 3.16B
-0.03%-3.38%-6.79%+31.52% 3.08B
-1.18%-1.96%-12.41%+18.13% 2.93B
Average +0.76%-0.42%+17.82%+82.13% 7.28B
Weighted average by Cap. +0.12%-0.80%+25.12%+114.28%

Financials

2026 *2027 *
Net sales 222M 192M 180M 164M 308M 21.13B 313M 2.11B 827M 10.58B 832M 814M 35.27B 244M 211M 198M 181M 339M 23.26B 345M 2.33B 910M 11.65B 916M 896M 38.83B
Net income 76.3M 66.11M 61.94M 56.49M 106M 7.28B 108M 728M 285M 3.64B 286M 280M 12.15B 86.82M 75.22M 70.48M 64.28M 121M 8.28B 123M 829M 324M 4.15B 326M 319M 13.83B
Net Debt - -
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
26-08-13 US$38.25 -0.12% 26,408
26-08-12 US$38.30 +0.78% 117,236
26-08-11 US$38.00 +0.26% 134,482
26-08-10 US$37.90 -0.34% 163,556
26-08-07 US$38.03 -1.22% 186,841
Trader
Investor
-
Global
-
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
38.30USD
Average target price
40.40USD
Spread / Average Target
+5.50%

Quarterly revenue - Rate of surprise

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