Valuation : Independent Bank Corporation

Market Cap 823M 709M 672M 609M 1.14B 78.64B 1.15B 7.98B 3.07B 40.01B 3.09B 3.02B 126B P/E 2026 *
10.5x
P/E 2027 * 9.55x
Enterprise Value 823M 709M 672M 609M 1.14B 78.64B 1.15B 7.98B 3.07B 40.01B 3.09B 3.02B 126B EV / Sales 2026 *
3.72x
EV / Sales 2027 * 3.38x
Free-Float
95.24%
Yield 2026 *
3.02%
Yield 2027 * 3.11%
1 day-0.22%
1 week-0.80%
Current month+1.59%
1 month-2.45%
3 months+4.95%
6 months+12.13%
Current year+13.96%
1 week 36.36
Extreme 36.36
37.52
1 month 35.96
Extreme 35.955
38.62
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
19/08/26
Independent Bank Corp. ESOP
OtherCompany 0 0% -
19/08/26 Sell

First Vice Pres. & Controller

-300 0.0015%
10/08/26 Sell

Controller/Auditor

-489 0.0024%
Change 5-day change 1-year change 3-year change Capi.($)
-0.22%-0.80%+15.23%+96.24% 825M
+0.76%-0.67%+16.58%+146.59% 940B
+0.21%+0.02%+23.53%+120.12% 437B
0.00%+0.86%+26.83%+101.86% 410B
+1.54%-0.70%+55.76%+165.67% 354B
-0.15%+1.93%+22.33%+127.27% 334B
+1.26%+1.60%+35.54%+124.72% 296B
+0.08%-2.45%+42.64%+137.47% 286B
+0.94%+0.36%+11.13%+118.46% 270B
-0.03%-2.48%+57.53%+202.06% 268B
Average +0.44%-0.63%+30.71%+134.05% 359.56B
Weighted average by Cap. +0.54%-0.97%+29.26%+137.84%

Financials

2026 *2027 *
Net sales 222M 191M 181M 164M 307M 21.16B 309M 2.15B 825M 10.77B 832M 814M 34.02B 244M 210M 199M 180M 338M 23.3B 340M 2.36B 909M 11.85B 916M 896M 37.45B
Net income 76.3M 65.74M 62.25M 56.42M 106M 7.29B 106M 739M 284M 3.71B 287M 280M 11.72B 86.82M 74.8M 70.83M 64.2M 120M 8.29B 121M 841M 323M 4.22B 326M 319M 13.33B
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
11/09/26 US$37.07 -0.22% 160,817
10/09/26 US$37.15 +1.06% 179,628
09/09/26 US$36.76 -0.62% 144,937
08/09/26 US$36.99 -1.02% 156,607
04/09/26 US$37.37 +0.97% 108,873
Trader
Investor
-
Global
-
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
37.07USD
Average target price
40.40USD
Spread / Average Target
+8.98%

Quarterly revenue - Rate of surprise

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