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Upturn AI SWOT - About
IBCP 
Independent Bank Corporation (IBCP)
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Upturn Advisory Summary
08/28/2025: 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 $35.4
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 -5.69% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 682.79M USD | Price to earnings Ratio 10.77 | 1Y Target Price 35.4 |
Price to earnings Ratio 10.77 | 1Y Target Price 35.4 | ||
Volume (30-day avg) 5 | Beta 0.85 | 52 Weeks Range 26.30 - 39.35 | Updated Date 08/29/2025 |
52 Weeks Range 26.30 - 39.35 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 3.00% | Basic EPS (TTM) 3.06 |
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 10.77 | Forward PE 12.05 | Enterprise Value 711661568 | Price to Sales(TTM) 3.14 |
Enterprise Value 711661568 | Price to Sales(TTM) 3.14 | ||
Enterprise Value to Revenue 4 | Enterprise Value to EBITDA - | Shares Outstanding 20709500 | Shares Floating 20223872 |
Shares Outstanding 20709500 | Shares Floating 20223872 | ||
Percent Insiders 4.89 | Percent Institutions 84.97 |
Upturn AI SWOT
Independent Bank Corporation
Company Overview
History and Background
Independent Bank Corporation was founded in 1964 as First National Bank of Ionia. Through organic growth and strategic acquisitions, it evolved into a multi-bank holding company operating primarily in Michigan. The company has focused on community banking and serving local businesses.
Core Business Areas
- Commercial Banking: Provides a range of lending and deposit products to businesses, including commercial real estate loans, lines of credit, and treasury management services.
- Retail Banking: Offers personal banking services such as checking and savings accounts, mortgages, auto loans, and credit cards to individual customers.
- Wealth Management: Provides financial planning, investment management, and trust services to individuals and families.
Leadership and Structure
Independent Bank Corporation is led by a board of directors and an executive management team. The organizational structure is typical of a community banking organization, with regional presidents overseeing local market operations.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Loans secured by commercial properties. Independent Bank holds a significant share in its Michigan market. Competitors include larger regional and national banks. Market share is difficult to precisely determine but they are a major player in their region. This can bring in a lot of revenue and it is hard to put an exact number on how much revenue is made on this product.
- Residential Mortgages: Mortgages for purchasing or refinancing homes. Market share is competitive with national and regional mortgage lenders. Competitors include Rocket Mortgage and other national loan lenders. This can bring in a lot of revenue and it is hard to put an exact number on how much revenue is made on this product.
- Small Business Loans: Loans to small businesses for various purposes. The company actively participates in SBA loan programs. Competitors include national banks like Chase and local credit unions.This can bring in a lot of revenue and it is hard to put an exact number on how much revenue is made on this product.
Market Dynamics
Industry Overview
The banking industry is currently facing challenges from rising interest rates, increased competition from fintech companies, and evolving regulatory requirements. Economic uncertainty also impacts loan demand and credit quality.
Positioning
Independent Bank Corporation is positioned as a community-focused bank with a strong local presence in Michigan. Its competitive advantages include its local market knowledge, customer relationships, and responsive service. Competitors include regional and national banks.
Total Addressable Market (TAM)
The total addressable market for banking services in Michigan is substantial, encompassing all residents and businesses in the state. Independent Bank Corporation is positioned to capture a portion of this market through its focus on local communities and small businesses. Total market is approximately 10 Billion. Independent Bank Corporation has less than 1% of this total market
Upturn SWOT Analysis
Strengths
- Strong local presence in Michigan
- Experienced management team
- Focus on customer service
- Solid capital base
- Diversified loan portfolio
Weaknesses
- Limited geographic reach compared to larger banks
- Reliance on traditional banking model
- Potential vulnerability to economic downturns in Michigan
- Lower technological capabilities than some competitors
Opportunities
- Expansion into new markets within Michigan
- Increased adoption of digital banking technologies
- Acquisition of smaller community banks
- Growth in wealth management services
- Further develop fintech capabilities.
Threats
- Increased competition from larger banks and fintech companies
- Rising interest rates and inflation
- Economic slowdown in Michigan
- Cybersecurity threats
- Changes in regulatory requirements
Competitors and Market Share
Key Competitors
- Comerica (CMA)
- Huntington Bancshares (HBAN)
- Fifth Third Bancorp (FITB)
Competitive Landscape
Independent Bank Corporation competes with larger regional and national banks, as well as smaller community banks. Its advantages include its local market knowledge, customer relationships, and responsive service. Disadvantages include its smaller size and limited geographic reach.
Major Acquisitions
Lakestone Bank & Trust
- Year: 2020
- Acquisition Price (USD millions): 302
- Strategic Rationale: Expanded Independent Bank Corporation's presence in Southeast Michigan.
Growth Trajectory and Initiatives
Historical Growth: Independent Bank Corporation has experienced moderate growth in recent years, driven by organic growth and strategic acquisitions.
Future Projections: Analyst estimates project continued growth in revenue and earnings, driven by loan growth and expansion into new markets. Future projections depend on current economic conditions.
Recent Initiatives: Recent initiatives include the implementation of new digital banking technologies and expansion of wealth management services.
Summary
Independent Bank Corporation shows promising stability within the competitive banking sector. A steady revenue stream and customer-focused approach are strengths. A recent dip in net income and increasing competition necessitate strategic adaptation. Future growth hinges on technological upgrades and successful market expansions. Overall, the company is in a moderate position and needs to adjust strategies to deal with outside competition.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations
- Analyst Reports
- FDIC Data
Disclaimers:
This analysis is based on available information and is not financial advice. Investment decisions should be based on thorough research and consultation with a financial advisor. Market data is subject to 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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