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Upturn AI Summary - About
Independent Bank Corporation(IBCP)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for IBCP
11/09/2026: IBCP (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Independent Bank Corporation is a Michigan-based regional bank offering commercial and consumer financial services. The company maintains a stable, core deposit base and is recognized for disciplined credit management within its regional markets. Its primary growth strategy revolves around organic loan expansion, digital platform improvements, and selective regional acquisitions. However, investors should be mindful of risks including geographic concentration in Michigan, interest rate sensitivity, and competition from both larger banks and fintech platforms. The stock is best suited for value and dividend-oriented investors seeking stable, long-term exposure to the regional banking sector.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company is a mature regional bank with stable rather than hyper-growth prospects. |
| Momentum investor | Mixed fit | This is a conditional fit depending on broader regional banking sector performance and interest rate cycles. |
| Value investor | Strong fit | The stock often trades at valuations that may appeal to value-oriented investors seeking stable regional bank exposure. |
| Dividend investor | Strong fit | The company provides a reliable dividend stream typical of established regional banking institutions. |
| Low-risk investor | Mixed fit | While established, banking stocks are subject to sector-wide volatility and economic sensitivity. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | Bank stocks are sensitive to macroeconomic changes and interest rate expectations. |
| Valuation risk | Medium | Earnings multiples can fluctuate significantly based on interest rate cycles. |
| Competition risk (regional banking) | High | The sector faces intense pressure from both large national banks and agile fintechs. |
| Business quality | Medium | The company maintains a solid franchise but operates in a highly commoditized industry. |
| Dividend income | Low | Dividends are generally stable but tied to bank profitability and regulatory requirements. |
| Execution risk | Medium | Management must successfully balance loan growth with credit quality in changing economic conditions. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 9.88% | Avg. Invested days 34 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 11/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 801.67M USD | Price to earnings Ratio 10.68 | 1Y Target Price 41.2 |
Price to earnings Ratio 10.68 | 1Y Target Price 41.2 | ||
Volume (30-day avg) 201.0K shares | Beta 0.72 | 52 Weeks Range 28.92 - 38.66 | Updated Date 11/08/2026 |
52 Weeks Range 28.92 - 38.66 | Updated Date 11/08/2026 | ||
Dividends yield (FY) 3.03% | Basic EPS (TTM) 3.4 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Net Interest Income | Earnings from interest on loans and investments minus interest paid on deposits. | This is the core profit driver, dependent on the spread between interest earned and interest paid. |
| Fee-Based Income | Service charges on deposit accounts, mortgage banking fees, and trust/wealth management fees. | This provides a non-interest income stream that helps diversify revenue. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-10-27 | When Before Market | Estimate 0.86 | Actual 0.92 |
Profitability
Profit Margin 29.83% | Operating Margin (TTM) 40.29% |
Management Effectiveness
Return on Assets (TTM) 1.23% | Return on Equity (TTM) 13.5% |
Valuation
Trailing PE 10.68 | Forward PE 12.05 | Enterprise Value 660.19M | Price to Sales(TTM) 3.32 |
Enterprise Value 660.19M | Price to Sales(TTM) 3.32 | ||
Enterprise Value to Revenue 3.48 | Enterprise Value to EBITDA - | Shares Outstanding 22.08M | Shares Floating 21.50M |
Shares Outstanding 22.08M | Shares Floating 21.50M | ||
Percent Insiders 4.78 | Percent Institutions 83.47 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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