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Upturn stock ratingUpturn stock rating
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Independent Bank Corporation (IBCP)

Upturn stock ratingUpturn stock rating
$32.41
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Upturn Advisory Summary

06/30/2025: IBCP (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

5 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $34.4

1 Year Target Price $34.4

Analysts Price Target For last 52 week
$34.4Target price
Low$24.7
Current$32.41
high$39.7

Analysis of Past Performance

Type Stock
Historic Profit 2.31%
Avg. Invested days 32
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 675.92M USD
Price to earnings Ratio 10.39
1Y Target Price 34.4
Price to earnings Ratio 10.39
1Y Target Price 34.4
Volume (30-day avg) 5
Beta 0.82
52 Weeks Range 24.70 - 39.70
Updated Date 06/30/2025
52 Weeks Range 24.70 - 39.70
Updated Date 06/30/2025
Dividends yield (FY) 3.19%
Basic EPS (TTM) 3.14

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 30.24%
Operating Margin (TTM) 37.16%

Management Effectiveness

Return on Assets (TTM) 1.26%
Return on Equity (TTM) 15.04%

Valuation

Trailing PE 10.39
Forward PE 12.05
Enterprise Value 663638080
Price to Sales(TTM) 3.08
Enterprise Value 663638080
Price to Sales(TTM) 3.08
Enterprise Value to Revenue 3.69
Enterprise Value to EBITDA -
Shares Outstanding 20720900
Shares Floating 20216178
Shares Outstanding 20720900
Shares Floating 20216178
Percent Insiders 4.88
Percent Institutions 86.05

Analyst Ratings

Rating 3
Target Price 34.4
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold 5
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Independent Bank Corporation

stock logo

Company Overview

overview logo History and Background

Independent Bank Corporation was founded in 1907 as First State Bank of Ionia. It has grown through acquisitions and organic expansion to become a multi-bank holding company serving Michigan communities.

business area logo Core Business Areas

  • Commercial Banking: Offers a range of lending and deposit services to businesses, including commercial real estate loans, equipment financing, and working capital lines of credit.
  • Retail Banking: Provides personal banking services such as checking and savings accounts, mortgages, and consumer loans to individuals.
  • Wealth Management: Offers investment management, trust, and financial planning services to individuals and families.

leadership logo Leadership and Structure

The leadership team consists of the CEO, CFO, COO, and other key executives. The organizational structure is typical of a regional bank holding company, with subsidiaries operating under the parent company.

Top Products and Market Share

overview logo Key Offerings

  • Commercial Real Estate Loans: Loans secured by commercial properties. Market share data is not publicly available for Independent Bank alone, but it competes with other regional and national banks. Competitors include Fifth Third Bank, Huntington Bank, and PNC Bank.
  • Mortgages: Residential mortgage loans for home purchases and refinancing. Market share varies by region. Competitors include Rocket Mortgage, UWM, and local credit unions.
  • Small Business Loans: Loans to small businesses for various purposes. Competitors include large national banks and online lenders.

Market Dynamics

industry overview logo Industry Overview

The banking industry is currently facing challenges such as increasing interest rates, potential recession fears, and heightened regulatory scrutiny. Consolidation and technological advancements are reshaping the competitive landscape.

Positioning

Independent Bank Corporation is a regional bank focused on serving the Michigan market. Its competitive advantages include local market knowledge, strong customer relationships, and a focus on community banking.

Total Addressable Market (TAM)

The TAM for banking services in Michigan is estimated to be in the billions of dollars. Independent Bank Corporation is positioned to capture a portion of this market through its branch network and online services.

Upturn SWOT Analysis

Strengths

  • Strong presence in Michigan
  • Established customer relationships
  • Experienced management team
  • Solid capital base

Weaknesses

  • Limited geographic diversification
  • Reliance on traditional banking model
  • Smaller scale compared to national banks
  • Vulnerability to regional economic downturns

Opportunities

  • Expansion into new Michigan markets
  • Increased focus on digital banking
  • Growth in wealth management services
  • Strategic acquisitions of smaller banks

Threats

  • Increased competition from larger banks and fintech companies
  • Rising interest rates
  • Economic recession
  • Increased regulatory burden

Competitors and Market Share

competitor logo Key Competitors

  • FITB
  • HBAN
  • PNC

Competitive Landscape

Independent Bank Corporation faces competition from larger national banks and smaller community banks. It differentiates itself through its local market expertise and customer service.

Growth Trajectory and Initiatives

Historical Growth: Independent Bank Corporation has grown through a combination of organic expansion and acquisitions.

Future Projections: Future growth projections will be made available through analysts reports. Please check the latest analyst reports for more information.

Recent Initiatives: Recent initiatives include investments in technology to improve the customer experience and expand online banking services. Please check the latest investor relations reports for more information.

Summary

Independent Bank Corporation is a regional bank with a solid presence in Michigan. It benefits from strong customer relationships and local market knowledge. However, it faces challenges from larger competitors and potential economic headwinds. Focusing on digital banking and strategic acquisitions could help drive future growth.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Company Website
  • Analyst Reports

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market share data is based on estimates and may not be precise.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Independent Bank Corporation

Exchange NASDAQ
Headquaters Grand Rapids, MI, United States
IPO Launch date 2001-01-02
President, CEO & Director Mr. William Bradford Kessel CPA
Sector Financial Services
Industry Banks - Regional
Full time employees 732
Full time employees 732

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.