Valuation : Independent Bank Corporation

Market Cap 830M 714M 672M 614M 1.15B 78.33B 1.15B 7.94B 3.08B 40.19B 3.12B 3.05B 129B P/E 2026 *
10.6x
P/E 2027 * 9.63x
Enterprise Value 830M 714M 672M 614M 1.15B 78.33B 1.15B 7.94B 3.08B 40.19B 3.12B 3.05B 129B EV / Sales 2026 *
3.75x
EV / Sales 2027 * 3.4x
Free-Float
95.24%
Yield 2026 *
3%
Yield 2027 * 3.08%
1 day+0.97%
1 week+1.38%
Current month+2.41%
1 month-2.94%
3 months+8.07%
6 months+9.17%
Current year+14.88%
1 week 35.96
Extreme 35.955
37.42
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.($)
+0.97%+1.38%+13.86%+100.70% 830M
-0.94%+0.29%+21.83%+147.41% 953B
-0.06%+0.58%+25.94%+120.78% 438B
-2.08%-0.53%+30.05%+99.73% 412B
+1.06%+3.39%+64.09%+169.98% 366B
-2.10%+0.58%+25.23%+122.73% 334B
-1.98%+0.76%+37.30%+121.00% 298B
-0.30%+2.57%+45.58%+140.42% 292B
-1.96%+0.84%+62.37%+202.20% 273B
+0.87%+3.78%+13.94%+119.33% 272B
Average -0.66%+3.43%+34.02%+134.43% 363.91B
Weighted average by Cap. -0.85%+2.95%+33.44%+138.09%

Financials

2026 *2027 *
Net sales 222M 191M 179M 164M 306M 20.91B 307M 2.12B 822M 10.73B 832M 814M 34.57B 244M 210M 197M 180M 337M 23.02B 338M 2.33B 905M 11.81B 916M 896M 38.06B
Net income 76.3M 65.66M 61.77M 56.43M 106M 7.2B 106M 730M 283M 3.7B 287M 280M 11.91B 86.82M 74.71M 70.29M 64.21M 120M 8.2B 120M 831M 322M 4.21B 326M 319M 13.55B
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
04/09/26 US$37.37 +0.97% 108,873
03/09/26 US$37.01 +0.71% 134,798
02/09/26 US$36.75 +1.77% 141,198
01/09/26 US$36.11 -1.04% 160,156
31/08/26 US$36.49 -1.00% 184,130
Trader
Investor
-
Global
-
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
37.37USD
Average target price
40.40USD
Spread / Average Target
+8.11%

Quarterly revenue - Rate of surprise

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