Valuation: Independent Bank Corporation

Market Cap 791M 691M 649M 593M 1.11B 75.59B 1.11B 7.79B 3.01B 38.6B 2.97B 2.9B 124B P/E 2026 *
10.1x
P/E 2027 * 9.18x
Enterprise Value 791M 691M 649M 593M 1.11B 75.59B 1.11B 7.79B 3.01B 38.6B 2.97B 2.9B 124B EV / Sales 2026 *
3.57x
EV / Sales 2027 * 3.24x
Free-Float
95.25%
Yield 2026 *
3.14%
Yield 2027 * 3.23%
1 day-0.75%
1 week-4.63%
Current month-2.38%
1 month-4.07%
3 months+4.18%
6 months+11.38%
Current year+9.50%
1 week 35.62
Extreme 35.62
36.73
1 month 35.62
Extreme 35.62
37.52
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. Importance
9/15/26 Sell

Chief Executive Officer

-2,000 0.0097%
9/15/26
Independent Bank Corp. ESOP
OtherCompany 0 0% -
8/19/26
Independent Bank Corp. ESOP
OtherCompany 0 0% -
Change 5-day change 1-year change 3-year change Capi.($)
-0.75%-4.63%+13.73%+97.01% 791M
-3.42%-3.54%+8.82%+133.31% 904B
-0.07%+0.07%+30.45%+101.07% 410B
-3.04%-5.58%+8.24%+103.33% 393B
-1.59%+0.37%+46.32%+134.71% 345B
-0.72%+0.47%+29.07%+120.00% 333B
+0.08%+0.75%+40.77%+120.70% 301B
-0.85%+1.04%+39.74%+138.93% 283B
-3.92%-7.32%-2.36%+101.67% 251B
-0.88%-1.31%+52.81%+171.98% 259B
Average -0.61%-1.35%+26.76%+122.27% 347.97B
Weighted average by Cap. +0.01%-0.67%+24.70%+124.93%

Financials

2026 *2027 *
Net sales 222M 194M 182M 166M 312M 21.18B 312M 2.18B 843M 10.81B 832M 814M 34.86B 244M 213M 200M 183M 343M 23.31B 343M 2.4B 928M 11.91B 916M 896M 38.38B
Net income 76.3M 66.68M 62.67M 57.19M 107M 7.29B 107M 752M 290M 3.72B 287M 280M 12.01B 86.82M 75.87M 71.31M 65.07M 122M 8.3B 122M 856M 330M 4.24B 326M 319M 13.66B
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
26-09-22 US$35.62 -0.75% 155,345
26-09-21 US$35.89 -0.94% 167,334
26-09-18 US$36.23 +0.03% 414,104
26-09-17 US$36.22 -0.69% 142,647
26-09-16 US$36.47 -2.36% 220,657
Trader
Investor
-
Global
-
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
35.62USD
Average target price
40.40USD
Spread / Average Target
+13.42%

Quarterly revenue - Rate of surprise

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-40%: Exceptional extension
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