Equities

Independent Bank Corp (Michigan)

IBCP:NSQ

Independent Bank Corp (Michigan)

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FinancialsBanks
  • Price (USD)38.50
  • Today's Change0.78 / 2.07%
  • Shares traded61.28k
  • 1 Year change+79.07%
  • Beta1.0014
Data delayed at least 15 minutes, as of Nov 22 2024 21:00 GMT.
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About the company

Independent Bank Corporation is a bank holding company for Independent Bank (the Bank). The Bank provides a full range of financial services, including commercial banking, mortgage lending, investments, and insurance. It offers a broad 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. Its principal markets are the rural and suburban communities across Lower Michigan, which are served by the bank's main office in Grand Rapids, Michigan, and a total of 56 branches, two drive-thru facilities, and five Michigan-based loan production offices. It also has one loan production facility in Ohio (Fairlawn). The bank's branches provide full-service lobby and drive-thru services, as well as automatic teller machines (ATMs). In addition, it also provides Internet and mobile banking capabilities to its customers.

  • Revenue in USD (TTM)265.16m
  • Net income in USD62.07m
  • Incorporated1973
  • Employees741.00
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Five Star Bancorp195.39m43.15m694.58m180.0014.351.7815.455.812.272.276.2318.29--------1.17----------36.07----------47.88--6.55------
Farmers And Merchants Bank of Long Beach438.87m53.73m694.85m815.0013.110.505--2.63427.41427.412,104.8111,098.24--------0.4390.9075--------20.3031.20------17.0822.119.75-35.77-3.955.893.13
TrustCo Bank Corp NY240.05m47.40m699.01m750.0014.761.0413.544.072.492.499.0135.19--------0.77941.06--------27.6333.48------43.6921.224.57-22.05-0.92819.221.49
Equity BancShares Inc286.16m17.34m728.03m717.0042.731.4527.364.471.111.1110.5332.95--------0.33660.3031--------10.658.33------22.0331.068.84-86.44-26.2412.02--
Great Southern Bancorp, Inc.318.60m60.03m731.07m1.13k12.341.2010.493.405.075.0718.1452.40--------1.021.31--------27.9332.03------34.1430.787.58-10.730.2051-4.767.39
Southern Missouri Bancorp Inc257.65m49.23m735.95m693.0014.971.4612.344.414.364.3614.7944.84--------1.081.30--------29.6532.53------17.3240.7920.5727.8711.553.2910.07
First National Bank Alaska162.83m63.70m742.25m662.0011.65----3.8920.1120.1160.27------------1.20--------33.3733.94------85.6734.068.443.052.09-8.552.34
HBT Financial Inc250.31m69.94m753.64m844.0010.871.409.953.402.202.206.9717.04--------1.401.43--------31.5631.95------105.9149.6210.7516.700.621413.61--
Hanmi Financial Corp395.86m62.66m777.56m609.0012.391.0610.863.332.082.087.7424.40--------0.83841.09--------27.0629.83------34.4434.889.52-21.126.70-8.130.8198
Independent Bank Corp (Michigan)265.16m62.07m788.12m741.0012.791.7410.933.722.952.9510.0921.65--------1.191.32--------29.2628.84------31.3441.8112.88-6.768.209.308.92
Horizon Bancorp Inc346.65m21.10m799.06m818.0038.201.0625.134.220.47860.47864.3217.27--------0.26561.06--------11.1531.30------35.7832.3113.45-70.04-12.0317.7610.60
Northeast Bank265.04m60.17m803.79m194.0012.692.0417.735.037.707.7020.4747.80--------1.772.38--------37.6839.56------0.67245.5625.8131.7833.2152.500.00
Crossfirst Bankshares Inc488.80m73.53m863.26m453.0011.881.1210.383.391.471.475.1015.65--------1.000.8361--------29.1524.84------0.0075.1022.647.5630.52-26.88--
Metrocity Bankshares Inc210.97m59.62m869.39m220.0014.732.1413.906.372.332.335.3316.07--------1.682.05--------43.6843.51------25.7430.9821.48-17.554.5411.5513.63
Heritage Financial Corp305.01m37.56m880.82m749.0023.971.01--4.181.081.086.0225.61--------0.52521.08--------17.8429.56------42.0025.067.36-24.573.17-14.917.26
Capitol Federal Financial, Inc.-100.00bn-100.00bn888.00m632.00--0.8602----------7.78----------0.3338----------20.79------144.434.742.69137.41-16.60--0.00
Data as of Nov 22 2024. Currency figures normalised to Independent Bank Corp (Michigan)'s reporting currency: US Dollar USD

Institutional shareholders

40.68%Per cent of shares held by top holders
HolderShares% Held
BlackRock Fund Advisorsas of 30 Sep 20242.09m9.99%
The Vanguard Group, Inc.as of 30 Sep 20241.15m5.51%
Dimensional Fund Advisors LPas of 30 Sep 2024906.53k4.34%
FIAM LLCas of 30 Sep 2024864.02k4.14%
FJ Capital Management LLCas of 30 Sep 2024805.37k3.85%
SSgA Funds Management, Inc.as of 30 Sep 2024647.58k3.10%
Renaissance Technologies LLCas of 30 Sep 2024600.90k2.88%
Geode Capital Management LLCas of 30 Sep 2024499.55k2.39%
American Century Investment Management, Inc.as of 30 Sep 2024469.68k2.25%
LSV Asset Managementas of 30 Sep 2024467.27k2.24%
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Data from 30 Sep 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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