IB
IBCP.O
—
NASDAQ
Banks
Ibcp.O
Last 30 days
1D5D1M3M6MYTD1Y5YMax
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Mcap
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P/E
—
EV / Rev
—
Div yield
2,72 %
Op margin
—
ROE
13,6 %
Net margin
213,7 %
Debt / equity
—
Beta
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52w range
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Volume
—
Day range
—
Prev close
$38,65
Open
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Next earnings
2026-10-28
Ex-dividend
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TR 1Y
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About
Independent Bank Corp operates as a commercial bank in the United States, generating revenue primarily through interest income and banking services.
Business. Independent Bank Corp operates as a commercial bank in the United States, generating revenue primarily through interest income and banking services.
Classification85 %
SectorFinancials
Industry groupBanks
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
At a glance
Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership→
American Century Investment Management, Inc.
largest disclosed fund holder
Profitability→
13,6 %
return on equity
Quality
—
not yet scored
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Materials+2,3 %+6,6 %+1,7 %
Communication Services+2,2 %−5,5 %+1,6 %
Energy+0,6 %+3,3 %+0,0 %
Health Care+0,6 %−0,8 %+0,0 %
Information Technology+0,6 %+6,7 %+0,0 %
Consumer Discretionary+0,4 %+7,6 %−0,2 %
Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
Consumer Staples−0,4 %+2,5 %−1,0 %
Real Estate−0,7 %+10,9 %−1,3 %
Industrials−1,9 %−3,1 %−2,5 %
Utilities−1,9 %+28,2 %−2,5 %
Developing storylines
No tracked sagas currently linked to IBCP.O. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-08-04
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Peers
- DividendDividend USD 1.75/sh2026-09-25 · Bank of America (BAC)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · JPMorgan Chase (JPM)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · Citigroup (C)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Composite-score breakdown
Synthesis
Business
Independent Bank Corp operates as a commercial bank in the United States, generating revenue primarily through interest income and banking services.
Classification85 %
SectorFinancials
Industry groupBanks
AI synthesis
GENERATEDIndependent Bank Corp maintains a conservative capital structure with total assets of $5.51 billion and total equity of $503 million. The balance sheet shows total liabilities of $5.00 billion, resulting in a reported debt-to-equity ratio of 0.0, which likely reflects the classification of customer deposits as liabilities rather than interest-bearing debt in this specific snapshot. Liquidity is supported by $138.4 million in cash and equivalents, alongside operating cash flow of $76.7 million. The risk assessment indicates low liquidity risk, suggesting adequate short-term solvency despite the high leverage typical of the banking sector.
Profitability metrics show a return on equity (ROE) of 13.63% and a return on assets (ROA) of 1.24%. The company reported net income of $68.5 million against revenue of $32.1 million, indicating that net income includes non-operating items or that the revenue figure represents a specific subset of total banking income. Without cohort median data provided in the input, direct comparative analysis of these returns against industry peers is omitted, but the positive ROE suggests effective capital utilization.
Segment and geographic data are not explicitly detailed in the provided financial snapshot, but IR observations identify subsidiaries in Grand Rapids, Michigan, and note the company as a subsidiary of Independent Bank. This suggests a regional focus within the Midwest United States. The absence of detailed segment revenue breakdowns prevents a precise analysis of revenue concentration, but the regional subsidiary structure implies localized banking operations.
Growth trajectory analysis is limited by the absence of historical period data in the input. The current financial snapshot provides a single-period view of revenue and net income, preventing the calculation of year-over-year growth rates or trend analysis. Consequently, no specific growth narrative can be constructed from the available data.
Risk factors are assessed as low for both liquidity and dilution. The key flags section notes no immediate filing-based liquidity or dilution flags, indicating a stable operational environment without recent distress signals. The low dilution risk is further supported by the identical basic and diluted share counts of 20.55 million, suggesting no significant outstanding options or convertible securities impacting the share base.
Recent events include reconciler enqueue actions for analysis jobs, which are internal processing events rather than public corporate actions. No significant news, filing, or transcript observations regarding mergers, acquisitions, or strategic shifts were present in the input data. The competitor context lists major national banks (JPMorgan Chase, Bank of America, Citigroup) but provides no comparative data, limiting the ability to assess competitive positioning.
Key takeaways
- The company maintains a strong liquidity position with $138.4 million in cash and low assessed liquidity risk.
- Profitability is positive with an ROE of 13.63%, though direct peer comparison is unavailable due to missing cohort data.
- Dilution risk is low, with no difference between basic and diluted share counts.
- Geographic exposure appears concentrated in Michigan based on subsidiary filings.
- Historical growth trends cannot be assessed due to the absence of multi-period financial data.
Bull / Bear case
analysis pipeline— missing data
In focus — financials by report
Valuation
Market price
$38,48
Market cap
—
Enterprise valueⓘ
—
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
—
P / Tangible bookⓘ
—
Tangible book
$503.0M
Net cashⓘ
$138.4M
Current ratioⓘ
—
Debt / equityⓘ
—
ROAⓘ
1.2%
ROEⓘ
13.6%
Cash conversionⓘ
112.0%
CapEx / revenueⓘ
20.2%
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
Business relationships
Business relationships2 disclosed relationships · 1 type · extracted from filings & disclosures
Subsidiaries2
EX21:30c3141af25aEX21:30c3141af25aSubsidiarie97%
EX21:5f3ea5250dceEX21:5f3ea5250dceSubsidiarie97%
Supply chain
— missing data
Peer comparison
— missing data
Market position
Stress test
— missing data
Predictor forecast
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution5 analysts
Strong buy0
Buy0
Hold5
Sell0
Strong sell0
12-month price target$39,40 · Median $40,00
Low $36,00High $42,00
Operating income · consensus98,6M USD
EPS surprise
−6,2 %
reported vs consensus · miss
Revenue surprise
−18,0 %
reported vs consensus · miss
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
Low$36,00
Mean$39,40
Median$40,00
High$42,00
Spot$38,48
+2.4 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskLow
Liquidity riskLow
Filing-based flags
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Net Margin213,7 %Best in class
ROE13,6 %Above P75
Capex / Rev20,2 %Best in class
D/E0,00Above median
Cash Conv1,12Below median
Corporate actions / M&A
— missing data
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
Derivative transactions
Net acquired 5 528 sh5 exercises · 22 grants12 insiders
- Director · Phantom Stock Units → Common StockAcquired 127grant · 2026-07-01
- Director · Phantom Stock Units → Common StockAcquired 137grant · 2026-07-01
- Director · Phantom Stock Units → Common StockAcquired 365grant · 2026-07-01
- Director · Phantom Stock Units → Common StockAcquired 635grant · 2026-07-01
- Director · Phantom Stock Units → Common StockAcquired 53grant · 2026-05-14
- Director · Phantom Stock Units → Common StockAcquired 293grant · 2026-05-14
- Director · Phantom Stock Units → Common StockAcquired 233grant · 2026-05-14
- Director · Phantom Stock Units → Common StockAcquired 528grant · 2026-05-14
- Director · Phantom Stock Units → Common StockAcquired 2grant · 2026-05-14
- Director · Phantom Stock Units → Common StockAcquired 200grant · 2026-05-14
- Director · Phantom Stock Units → Common StockAcquired 201grant · 2026-05-14
- Executive Vice President · Performance Right → Common StockDisposed —exercise · 2026-04-06
- Executive Vice President · Performance Right → Common StockDisposed —exercise · 2026-04-06
- Executive Vice President · Performance Right → Common StockDisposed —exercise · 2026-04-06
- Executive Vice President · Performance Right → Common StockDisposed —exercise · 2026-04-06
- Director, President & CEO · Performance Right → Common StockDisposed —exercise · 2026-04-06
- Director · Phantom Stock Units → Common StockAcquired 688grant · 2026-04-01
- Director · Phantom Stock Units → Common StockAcquired 148grant · 2026-04-01
- Director · Phantom Stock Units → Common StockAcquired 138grant · 2026-04-01
- Director · Phantom Stock Units → Common StockAcquired 396grant · 2026-04-01
- Director · Phantom Stock Units → Common StockAcquired 212grant · 2026-02-13
- Director · Phantom Stock Units → Common StockAcquired 49grant · 2026-02-13
- Director · Phantom Stock Units → Common StockAcquired 487grant · 2026-02-13
- Director · Phantom Stock Units → Common StockAcquired 180grant · 2026-02-13
- Director · Phantom Stock Units → Common StockAcquired 183grant · 2026-02-13
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
How metrics are computed
- Cash Conversion Ratiooperating_cash_flow / net_income
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Capex To Revenuecapital_expenditure / revenue
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
Source documents
- INDEPENDENT BANK CORPORATION Market data — financials · 2026-07-30
- reconciler_enqueue (reconciler) on IBCP.O · 2026-07-30
- IBCP.O HA canonical relationships · 2026-07-30
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,01 %$24M
- Investment Managers · as of 2026-03-310,01 %$29M
- Investment Managers · as of 2026-03-310,01 %$10M
- Investment Managers · as of 2024-12-310,00 %$12M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$21M
- Investment Managers · as of 2026-03-310,00 %$18M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2024-06-300,00 %$80M
- Investment Managers · as of 2026-03-310,00 %$17M
- Institutional Investor · as of 2026-03-310,00 %$19M
- Institutional Investor · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$24M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2025-12-310,00 %$44M
- Investment Managers · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Funds · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Leadership
- Brad Bradford KesselPresident, Chief Executive Officer, Director
Insider activity
Net selling1 buys · 6 sellsnet -$94K12 insiders · last 365d
- Director · Common StockOther 285 @ $36,07$10K · 2026-07-01
- Executive Vice President · Common StockSold 780 @ $35,42$28K · 2026-06-09
- Executive Vice President · Common StockSold 242 @ $35,41$9K · 2026-06-09
- Executive Vice President · Common StockSold 76 @ $35,40$3K · 2026-06-09
- Executive Vice President · Common StockSold 2 @ $35,44$71 · 2026-06-09
- Executive Vice President · Common StockSold 1 400 @ $35,39$50K · 2026-06-09
- Executive Vice President · Common StockSold 1 400 @ $34,41$48K · 2026-05-29
- Executive Vice President · Common StockOther 1 717 @ $33,78$58K · 2026-04-06
- Executive Vice President · Common StockOther 4 297 · 2026-04-06
- Executive Vice President · Common StockOther 4 331 · 2026-04-06
- Executive Vice President · Common StockOther 1 743 @ $33,78$59K · 2026-04-06
- Executive Vice President · Common StockOther 4 274 · 2026-04-06
- Executive Vice President · Common StockOther 1 790 @ $33,78$60K · 2026-04-06
- Executive Vice President · Common StockOther 4 150 · 2026-04-06
- Executive Vice President · Common StockOther 1 270 @ $33,78$43K · 2026-04-06
- Director, President & CEO · Common StockOther 10 981 · 2026-04-06
- Director, President & CEO · Common StockOther 4 788 @ $33,78$162K · 2026-04-06
- Director · Common StockOther 309 @ $33,30$10K · 2026-04-01
- Director · Common StockBought 1 200 @ $35,27$42K · 2026-02-24
- Senior Vice President · Common StockOther 383 @ $36,60$14K · 2026-02-06
- Executive Vice President · Common StockOther 1 105 @ $36,60$40K · 2026-02-06
- Executive Vice President · Common StockOther 439 @ $36,60$16K · 2026-02-06
- Executive Vice President · Common StockOther 851 @ $36,60$31K · 2026-02-06
- Executive Vice President · Common StockOther 873 @ $36,60$32K · 2026-02-06
- Executive Vice President · Common StockOther 350 @ $36,60$13K · 2026-02-06
Short positioning
527.1Kshares short-27.4% vs prior
3.05days to cover
46.6%short of daily vol
1fails-to-deliver
as of 2026-07-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
IBCP.OCanonical
NASDAQ · USD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskLow
No immediate filing-based liquidity or dilution flags were detected.
Relationship graph
This companyPeerSectorSubsidiaries
Evidence & claims
From filings & derived data- Shares outstanding (annual): 20.55MUnknown
- Shareholders' equity (annual): USD 502.95MUnknown
- Total liabilities (annual): USD 5BUnknown
- EPS (basic) (annual): USD-PER-SHARES 3Unknown
- Net income (annual): USD 68.54MUnknown
- Revenue (annual): USD 32.08MUnknown
- EPS (diluted) (annual): USD-PER-SHARES 3Unknown
- Total assets (annual): USD 5.51BUnknown
- Operating cash flow (annual): USD 76.66MUnknown
- Capex (annual): USD 6.49MUnknown
- Pre-tax income (annual): USD 81.29MUnknown
- Cash & equivalents (annual): USD 138.39MUnknown
- Pre-tax income (annual): USD 83.05MUnknown
- Operating cash flow (annual): USD 63.15MUnknown
- Total liabilities (annual): USD 4.88BUnknown
- Revenue (annual): USD 31.98MUnknown
- Shares outstanding (annual): 20.9MUnknown
- Shareholders' equity (annual): USD 454.69MUnknown
- Capex (annual): USD 7.95MUnknown
- Total assets (annual): USD 5.34BUnknown
- Net income (annual): USD 66.79MUnknown
- Cash & equivalents (annual): USD 119.88MUnknown
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
2026-07-23 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
2026-07-01INSIDERBoer William J transacted 285 sh — Director ~$10k
2026-07-01INSIDERWooldridge Michael G. acquired 137 sh Phantom Stock Units — Director
2026-07-01INSIDERKeller Christina acquired 635 sh Phantom Stock Units — Director
2026-07-01INSIDERKruse Ronia F acquired 127 sh Phantom Stock Units — Director
2026-07-01INSIDERCok Michael J acquired 365 sh Phantom Stock Units — Director
2026-06-09 00:00 UTCINSIDER5 insider transactions — 2026-06
2026-06-09 00:00 UTCINSIDER5 insider transactions — 2026-06
2026-06-09INSIDERErvin Patrick J sold 780 sh — Executive Vice President ~$28k
2026-06-09INSIDERErvin Patrick J sold 242 sh — Executive Vice President ~$9k
2026-06-09INSIDERErvin Patrick J sold 76 sh — Executive Vice President ~$3k
2026-06-09INSIDERErvin Patrick J sold 2 sh — Executive Vice President ~$0k
2026-06-09INSIDERErvin Patrick J sold 1.4k sh — Executive Vice President ~$50k
2026-05-29 00:00 UTCINSIDER1 insider transaction — 2026-05
2026-05-29 00:00 UTCINSIDER1 insider transaction — 2026-05
2026-05-29INSIDERKimball Stefanie M sold 1.4k sh — Executive Vice President ~$48k
2026-05-14INSIDERArcher Dennis W. Jr acquired 53 sh Phantom Stock Units — Director
2026-05-14INSIDERCok Michael J acquired 233 sh Phantom Stock Units — Director
2026-05-14INSIDERKeller Christina acquired 201 sh Phantom Stock Units — Director
2026-05-14INSIDERKruse Ronia F acquired 200 sh Phantom Stock Units — Director
2026-05-14INSIDERBudden Joan A acquired 293 sh Phantom Stock Units — Director
2026-05-14INSIDERGULIS STEPHEN L JR acquired 528 sh Phantom Stock Units — Director
2026-05-14INSIDERWooldridge Michael G. acquired 2 sh Phantom Stock Units — Director
2026-04-06 00:00 UTCINSIDER20 insider transactions — 2026-04 · net sell $372k 9 derivative
2026-04-06 00:00 UTCINSIDER20 insider transactions — 2026-04 · net sell $372k 9 derivative
2026-04-06INSIDERMohr Gavin A. transacted 1.7k sh — Executive Vice President ~$58k
2026-04-06INSIDERMohr Gavin A. transacted 4.3k sh — Executive Vice President
2026-04-06INSIDERKimball Stefanie M transacted 4.3k sh — Executive Vice President
2026-04-06INSIDERKimball Stefanie M transacted 1.7k sh — Executive Vice President ~$59k
2026-04-06INSIDERErvin Patrick J transacted 4.3k sh — Executive Vice President
2026-04-06INSIDERErvin Patrick J transacted 1.8k sh — Executive Vice President ~$60k
Showing the 40 most recent of 62 entries.
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data
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