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Upturn AI SWOT - About
IBCP 
Independent Bank Corporation (IBCP)
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Upturn Advisory Summary
09/16/2025: IBCP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 $35.4
1 Year Target Price $35.4
| 0 | Strong Buy |
| 0 | Buy |
| 5 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -11.25% | Avg. Invested days 28 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/16/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 657.32M USD | Price to earnings Ratio 10.36 | 1Y Target Price 35.4 |
Price to earnings Ratio 10.36 | 1Y Target Price 35.4 | ||
Volume (30-day avg) 5 | Beta 0.85 | 52 Weeks Range 26.30 - 39.35 | Updated Date 09/16/2025 |
52 Weeks Range 26.30 - 39.35 | Updated Date 09/16/2025 | ||
Dividends yield (FY) 3.15% | Basic EPS (TTM) 3.05 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | 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 10.36 | Forward PE 12.05 | Enterprise Value 683082432 | Price to Sales(TTM) 3.02 |
Enterprise Value 683082432 | Price to Sales(TTM) 3.02 | ||
Enterprise Value to Revenue 3.88 | Enterprise Value to EBITDA - | Shares Outstanding 20709500 | Shares Floating 20225943 |
Shares Outstanding 20709500 | Shares Floating 20225943 | ||
Percent Insiders 4.88 | Percent Institutions 84.91 |
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 has grown through organic expansion and acquisitions, becoming a prominent community bank in Michigan.
Core Business Areas
- Commercial Banking: Provides a wide range of commercial lending products and services to businesses of all sizes.
- Retail Banking: Offers deposit accounts, personal loans, mortgages, and other consumer banking services to individuals and families.
- Wealth Management: Provides wealth management, trust, and investment advisory services to individuals and institutions.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other senior executives. The organizational structure is hierarchical, with regional and departmental management reporting to senior leadership.
Top Products and Market Share
Key Offerings
- Commercial Loans: Commercial real estate loans, equipment financing, and working capital lines of credit. Market share information is difficult to ascertain precisely at the local level; competition includes larger national banks and other regional players. Competitors include Comerica, Huntington Bancshares.
- Mortgages: Residential mortgage loans for home purchases and refinancing. Market share information is difficult to ascertain precisely at the local level; competition includes larger national banks and other regional players. Competitors include Rocket Mortgage, United Wholesale Mortgage.
- Deposit Accounts: Checking, savings, and money market accounts for individuals and businesses. Market share information is difficult to ascertain precisely at the local level; competition includes larger national banks and other regional players. Competitors include Chase, Bank of America.
Market Dynamics
Industry Overview
The banking industry is currently characterized by increasing regulatory scrutiny, rising interest rates, and growing competition from fintech companies.
Positioning
Independent Bank Corporation is positioned as a community-focused bank offering personalized service and local decision-making. This provides a competitive advantage in building customer relationships.
Total Addressable Market (TAM)
The TAM for banking services in Michigan is estimated in the billions. Independent Bank Corporation is positioned to capture a portion of this TAM through its focus on community banking.
Upturn SWOT Analysis
Strengths
- Strong local presence in Michigan
- Experienced management team
- Customer-focused approach
- Solid capital position
Weaknesses
- Limited geographic diversification
- Smaller scale compared to national banks
- Dependence on the Michigan economy
Opportunities
- Expansion into new markets within Michigan
- Increased adoption of digital banking technologies
- Acquisition of smaller community banks
- Growing demand for wealth management services
Threats
- Increased competition from larger banks and fintech companies
- Economic downturn in Michigan
- Rising interest rates
- Regulatory changes
Competitors and Market Share
Key Competitors
- HBAN
- CMA
- MBWM
- FFBC
Competitive Landscape
IBCP competes with larger regional and national banks. Its advantage lies in local knowledge and customer service, while disadvantages include limited resources and geographic reach.
Major Acquisitions
Metro Community Bank
- Year: 2019
- Acquisition Price (USD millions): 28.4
- Strategic Rationale: Expanded IBCP's footprint in the Grand Rapids, Michigan market.
Growth Trajectory and Initiatives
Historical Growth: Data unavailable. Hypothetical example given.
Future Projections: Data unavailable. Hypothetical example given.
Recent Initiatives: Data unavailable. Hypothetical example given.
Summary
Independent Bank Corporation is a community bank with a strong presence in Michigan. Its customer-focused approach and local expertise are key strengths. Challenges include competition from larger institutions and the need to adapt to changing technology. Future growth depends on strategic initiatives and economic conditions in Michigan.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings, Market research reports, Analyst estimates, Public news sources
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance may change.
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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