Valuation: Independent Bank Corporation

Market Cap 752M 659M 612M 562M 1.06B 72.58B 1.07B 7.29B 2.85B 35.51B 2.82B 2.76B 123B P/E 2026 *
10.6x
P/E 2027 * 9.54x
Enterprise Value 752M 659M 612M 562M 1.06B 72.58B 1.07B 7.29B 2.85B 35.51B 2.82B 2.76B 123B EV / Sales 2026 *
3.42x
EV / Sales 2027 * 3.1x
Free-Float
95.01%
Yield 2026 *
3.07%
Yield 2027 * 3.15%
1 day-1.36%
1 week-0.88%
Current month-0.28%
1 month+5.21%
3 months+6.96%
6 months+1.64%
Current year+10.57%
1 week 35.81
Extreme 35.81
37.75
1 month 34.34
Extreme 34.335
37.75
Current year 31.75
Extreme 31.75
39.16
1 year 29.63
Extreme 29.63
39.16
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.
7/1/26 Free

Director

127 0.0006%
7/1/26 Other

Director

285 0.0014%
7/1/26 Free

Director

137 0.0007%
Change 5-day change 1-year change 3-year change Capi.($)
-1.34%-0.88%+5.61%+81.30% 752M
-0.65%-0.44%+34.83%+188.16% 33.04B
+0.10%+2.28%+24.87%+22.50% 11.1B
-1.64%-0.29% - - 5.14B
+0.68%-0.82%-19.16%+4.66% 4.36B
-1.08%+0.44%+35.39%+81.54% 4.14B
+2.31%-1.30%+10.60%+210.02% 3.26B
-0.22%-1.15%-12.84%+35.57% 3.25B
-1.82%-2.00%-13.64%+39.59% 3.13B
-1.07%-1.20%-0.18%+66.46% 2.96B
Average -0.49%+0.16%+7.28%+81.09% 7.11B
Weighted average by Cap. -0.48%+0.36%+21.87%+121.31%

Financials

2026 *2027 *
Net sales 220M 193M 179M 164M 310M 21.24B 315M 2.13B 835M 10.39B 826M 808M 35.9B 242M 212M 197M 181M 341M 23.38B 346M 2.35B 919M 11.44B 910M 890M 39.52B
Net income 74.3M 65.1M 60.44M 55.54M 105M 7.17B 106M 720M 282M 3.51B 279M 273M 12.12B 85.74M 75.13M 69.75M 64.09M 121M 8.27B 123M 831M 325M 4.05B 322M 315M 13.99B
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
26-07-22 US$35.98 -1.42% 79,713
26-07-21 US$36.50 +0.03% 222,358
26-07-20 US$36.49 +0.22% 190,134
26-07-17 US$36.41 -3.55% 471,110
26-07-16 US$37.75 +4.02% 200,992
Trader
Investor
-
Global
-
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
36.50USD
Average target price
38.30USD
Spread / Average Target
+4.93%

Quarterly revenue - Rate of surprise

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