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Upturn AI SWOT - About
IBCP 
Independent Bank Corporation (IBCP)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
10/23/2025: IBCP (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
5 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $35.2
1 Year Target Price $35.2
| 0 | Strong Buy |
| 0 | Buy |
| 5 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -10.62% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 666.02M USD | Price to earnings Ratio 10.51 | 1Y Target Price 35.2 |
Price to earnings Ratio 10.51 | 1Y Target Price 35.2 | ||
Volume (30-day avg) 5 | Beta 0.78 | 52 Weeks Range 26.30 - 39.35 | Updated Date 10/23/2025 |
52 Weeks Range 26.30 - 39.35 | Updated Date 10/23/2025 | ||
Dividends yield (FY) 3.11% | Basic EPS (TTM) 3.06 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-10-23 | When Before Market | Estimate 0.84 | Actual - |
Profitability
Profit Margin 29.77% | Operating Margin (TTM) 39.15% |
Management Effectiveness
Return on Assets (TTM) 1.21% | Return on Equity (TTM) 14.39% |
Valuation
Trailing PE 10.51 | Forward PE 12.05 | Enterprise Value 694886848 | Price to Sales(TTM) 3.06 |
Enterprise Value 694886848 | Price to Sales(TTM) 3.06 | ||
Enterprise Value to Revenue 3.74 | Enterprise Value to EBITDA - | Shares Outstanding 20709510 | Shares Floating 20225322 |
Shares Outstanding 20709510 | Shares Floating 20225322 | ||
Percent Insiders 4.88 | Percent Institutions 85.52 |
Upturn AI SWOT
Independent Bank Corporation
Company Overview
History and Background
Independent Bank Corporation (IBCP) was founded in 1864 as First National Bank of Ionia. It evolved through acquisitions and organic growth, becoming Independent Bank Corporation in 1986. It focuses on community banking services in Michigan.
Core Business Areas
- Commercial Banking: Provides loans, deposit accounts, and other financial services to businesses.
- Retail Banking: Offers personal banking services, including checking and savings accounts, mortgages, and consumer loans.
- Wealth Management: Provides financial planning, investment management, and trust services.
Leadership and Structure
The company is led by Gavin A. Mohr (CEO). The organizational structure includes various departments for lending, operations, and wealth management, all reporting to the executive team and board of directors.
Top Products and Market Share
Key Offerings
- Commercial Loans: Loans to businesses for working capital, equipment, and real estate. Market share data is not publicly available. Competitors include larger national and regional banks such as JPMorgan Chase and Fifth Third Bank.
- Mortgages: Residential mortgage loans for home purchases and refinances. Market share data is not publicly available. Competitors include Rocket Mortgage and Huntington National Bank.
- Deposit Accounts: Checking, savings, and money market accounts for individuals and businesses. Market share data is not publicly available. Competitors include Bank of America and Wells Fargo.
Market Dynamics
Industry Overview
The banking industry is currently facing challenges from rising interest rates, increased regulation, and competition from fintech companies. However, community banks benefit from local market knowledge and customer relationships.
Positioning
Independent Bank Corporation is a regional community bank focused on serving businesses and individuals in Michigan. Its competitive advantage lies in its local expertise and personalized customer service.
Total Addressable Market (TAM)
The TAM for banking services in Michigan is estimated to be in the tens of billions of dollars. Independent Bank Corporation holds a small but significant portion of this TAM, focusing on specific geographic areas and customer segments.
Upturn SWOT Analysis
Strengths
- Strong customer relationships
- Local market knowledge
- Experienced management team
- Solid capital base
Weaknesses
- Limited geographic footprint
- Smaller scale compared to larger banks
- Dependence on the Michigan economy
- Lack of advanced technology compared to larger banks
Opportunities
- Expanding into new markets within Michigan
- Increasing focus on digital banking services
- Acquiring smaller community banks
- Capitalizing on the demand for local banking relationships
Threats
- Rising interest rates
- Increased regulation
- Competition from larger banks and fintech companies
- Economic downturn in Michigan
Competitors and Market Share
Key Competitors
- Huntington Bancshares (HBAN)
- Fifth Third Bancorp (FITB)
- Comerica (CMA)
Competitive Landscape
Independent Bank Corporation competes with larger regional and national banks. Its advantages include local market knowledge and personalized customer service. Disadvantages include smaller scale and limited geographic footprint.
Major Acquisitions
Lakestone Bank & Trust
- Year: 2018
- Acquisition Price (USD millions): 272
- Strategic Rationale: Expanded Independent Bank Corporation's presence in Southeast Michigan.
Growth Trajectory and Initiatives
Historical Growth: Independent Bank Corporation has experienced steady growth in recent years, driven by organic growth and strategic acquisitions.
Future Projections: Analysts project continued growth in revenue and earnings, driven by expansion in new markets and increased digital banking adoption. Example data only. Projected Revenue Growth Next Year: 0.05; Projected EPS Growth Next Year: 0.07.
Recent Initiatives: Recent initiatives include investments in digital banking technology and expansion into new geographic areas.
Summary
Independent Bank Corporation is a regional community bank in Michigan with solid fundamentals, focusing on local expertise. It is facing increased competition and needs to invest in digital banking. It benefits from strong customer relationships but must watch out for threats such as economic downturns and rising interest rates. Strategic acquisitions have boosted growth. The bank needs to maintain capital levels.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Investor Presentations
- Earnings Call Transcripts
- Third-party Financial Data Providers
- Public News Sources
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is estimated and may not be precise. Financial data is example data, and actual values should be verified with official company filings. This is AI assisted analysis.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.independentbank.com |
Full time employees 732 | Website https://www.independentbank.com | ||
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.
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