Valuation: Independent Bank Corporation

Market Cap 799M 712M 659M 597M 1.12B 75.39B 1.14B 7.9B 3.1B 39.63B 3B 2.93B 126B P/E 2026 *
10.2x
P/E 2027 * 9.28x
Enterprise Value 799M 712M 659M 597M 1.12B 75.39B 1.14B 7.9B 3.1B 39.63B 3B 2.93B 126B EV / Sales 2026 *
3.9x
EV / Sales 2027 * 3.53x
Free-Float
95.25%
Yield 2026 *
3.11%
Yield 2027 * 3.2%
1 day-0.94%
1 week+3.54%
Current month+2.13%
1 month+0.28%
3 months-1.40%
6 months+7.40%
Current year+10.64%
1 week 35.41
Extreme 35.41
36.52
1 month 34.53
Extreme 34.53
36.8
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 31/12/2012
Director of Finance/CFO - 13/09/2020
Compliance Officer - -
Director TitleAgeSince
Chairman 68 22/04/2024
Director/Board Member 61 31/12/2012
Director/Board Member 70 22/10/2012
Date Insider Type Main position Quantity % Market Cap. Importance
01/10/26 Free

Director

140 0.0006%
01/10/26 Free

Director

374 0.0017%
01/10/26 Other

Director

292 0.0013%
Change 5-day change 1-year change 3-year change Capi.($)
-0.94%+3.54%+12.01%+100.06% 807M
-0.02%-0.03%+12.82%+134.48% 890B
-1.34%-4.48%+23.32%+96.52% 429B
-0.59%-1.76%+14.19%+136.04% 380B
+0.28%-1.19%-1.44%+93.01% 351B
-0.66%-2.56%+24.46%+117.45% 336B
-2.21%-3.17%+36.81%+119.30% 322B
+0.97%-1.69%+41.99%+127.08% 317B
+1.23%+2.75%+38.05%+155.49% 276B
+0.27%+1.88%-2.76%+104.67% 247B
Average -0.30%-0.16%+19.95%+118.41% 354.88B
Weighted average by Cap. -0.27%-0.41%+19.59%+121.87%

Financials

2026 *2027 *
Net sales 205M 183M 169M 153M 288M 19.34B 292M 2.03B 795M 10.17B 769M 753M 32.39B 226M 202M 187M 169M 318M 21.35B 322M 2.24B 878M 11.22B 849M 831M 35.76B
Net income 76.23M 67.93M 62.89M 56.91M 107M 7.19B 108M 754M 296M 3.78B 286M 280M 12.05B 86.76M 77.31M 71.58M 64.78M 122M 8.19B 123M 858M 337M 4.3B 325M 319M 13.71B
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
21/10/26 US$35.99 -0.94% 160,609
20/10/26 US$36.33 +2.02% 181,918
19/10/26 US$35.61 +0.03% 156,963
16/10/26 US$35.60 +0.88% 223,930
15/10/26 US$35.29 +1.52% 305,998
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
35.99USD
Average target price
40.40USD
Spread / Average Target
+12.25%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Independent Bank Corporation
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