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XNAS
IBCP
Market cap736mUSD
Oct 08, Last price  
35.76USD
1D
0.59%
1Q
-0.33%
Jan 2017
64.79%
Name

Independent Bank Corp (Michigan)

Chart & performance

D1W1MN
XNAS:IBCP chart
P/E
10.75
P/S
2.34
EPS
3.33
Div yield, %
2.91%
Shrs. gr., 5y
-1.22%
Rev. gr., 5y
8.05%
Revenues
315m
-0.30%
258,945,000270,399,000233,623,000248,857,000170,512,000138,238,000140,852,000120,919,000111,701,000114,428,000124,157,000138,062,000170,876,000190,764,000214,195,000207,117,000224,232,000283,828,000316,330,000315,381,000
Net income
69m
+2.62%
33,203,00010,357,000-91,664,000-90,227,000-16,709,000-20,200,00026,198,00077,509,00018,021,00020,017,00022,766,00020,475,00039,839,00046,435,00056,152,00062,895,00063,351,00059,067,00066,790,00068,541,000
CFO
77m
+21.39%
22,232,00017,814,00020,761,0004,375,000-2,500,00035,408,00029,393,00052,070,00013,071,00022,855,00023,704,00038,607,00044,921,00034,492,00058,684,000110,154,00094,632,00075,589,00063,151,00076,662,000
Dividend
Aug 04, 20260.28 USD/sh

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Profile

As the holding company for Independent Bank, Independent Bank Corporation provides diverse banking services to both individual consumers and businesses. Its comprehensive suite of offerings includes checking and savings accounts, commercial lending, direct and indirect consumer financing, and mortgage solutions, along with safe deposit boxes. Customers also benefit from accessible automatic teller machines, internet banking, and mobile banking capabilities. The company further diversifies its portfolio with title insurance, insurance brokerage, and investment services. Headquartered in Grand Rapids, Michigan, and founded in 1864, Independent Bank Corporation reaches its clientele through roughly 59 branches, two drive-through facilities, and seven loan production offices across Michigan, in addition to two loan production offices in Ohio.

Key people

Stephen Gulis
Independent Chairman of the Board · since 2024
William Kessel
President, Chief Executive Officer, Director · since 2013
Christopher Michaels
Executive Vice President, Chief Operating Officer · since 2025
Patrick Ervin
Executive Vice President - Mortgage Banking · since 2017
Gavin Mohr
Chief Financial Officer, Executive Vice President, Corporate Secretary · since 2020
Joel Rahn
Executive Vice President - Commercial Lending · since 2024
Stefanie Kimball
Executive Vice President, Chief Risk Officer · since 2012
Michael Wooldridge
Director · since 2025
Dennis Archer
Independent Director · since 2020
Terrance Beia
Independent Director · since 2018
William Boer
Lead Independent Director · since 2018
Joan Budden
Independent Director · since 2015
Michael Cok
Independent Director · since 2017
Christina Keller
Independent Director · since 2016
Ronia Kruse
Independent Director · since 2019
Michael Magee
Independent Director · since 2024
URL
https://ir.independentbank.com/
IPO date
Jan 16, 1984
Employees
803
Domiciled in
US
Incorporated in
US

Valuation

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