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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
10/09/2026: IBCP (1-star) is currently NOT-A-BUY. Pass it for now.
Independent Bank Corporation is a stable, Michigan-based regional bank focused on commercial and retail lending. Its strengths include a long-standing local community presence and a history of conservative underwriting that supports financial resilience. The main investment opportunity lies in its ability to grow through selective acquisitions and localized market dominance within its home state. However, risks include high geographic concentration, intense competition from national rivals, and potential sensitivity to interest rate fluctuations. The stock is best suited for value and dividend-focused investors seeking steady, lower-volatility exposure to the regional banking sector, provided they monitor the integration of recent acquisitions.
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 | Mixed fit | The company focuses on steady regional growth rather than rapid, high-beta expansion. |
| Momentum investor | Weak fit | This is a stable, dividend-paying bank stock, typically not associated with high-momentum price action. |
| Value investor | Strong fit | The stock often trades at valuation multiples that appeal to long-term, value-oriented investors. |
| Dividend investor | Strong fit | Its long-term history of consistent dividend payments makes it suitable for income-focused portfolios. |
| Low-risk investor | Strong fit | The company maintains a conservative risk profile typical of community-focused regional banks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | As a regional bank, the stock is subject to interest rate cycles and regional economic health. |
| Valuation risk | Low | The stock generally trades in line with sector peers, mitigating significant valuation blow-up risk. |
| Competition risk (regional banking) | Medium / high | Competition from larger, better-capitalized regional and national players remains a persistent threat. |
| Business quality | Medium | The bank maintains a solid, community-based business model with consistent core performance. |
| Dividend income | Medium | While consistent, dividends are subject to board approval and regulatory capital requirements. |
| Execution risk | Medium | Successful integration of regional acquisitions and digital initiatives is critical for long-term growth. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 9.43% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/09/2026 |
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 728.71M USD | Price to earnings Ratio 10.25 | 1Y Target Price 40.2 |
Price to earnings Ratio 10.25 | 1Y Target Price 40.2 | ||
Volume (30-day avg) 183.6K shares | Beta 0.72 | 52 Weeks Range 29.07 - 38.95 | Updated Date 10/10/2026 |
52 Weeks Range 29.07 - 38.95 | Updated Date 10/10/2026 | ||
Dividends yield (FY) 3.02% | Basic EPS (TTM) 3.45 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Net Interest Income | Earnings derived from the spread between interest earned on loans and interest paid on deposits. | The bank's primary profit engine is its lending business. |
| Non-Interest Income | Service charges, mortgage banking fees, and wealth management fees. | Diversification helps the bank when interest rates are not optimal. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 10.25 | Forward PE 12.05 | Enterprise Value 783.47M | Price to Sales(TTM) 3.16 |
Enterprise Value 783.47M | Price to Sales(TTM) 3.16 | ||
Enterprise Value to Revenue 4.14 | Enterprise Value to EBITDA - | Shares Outstanding 20.60M | Shares Floating 21.62M |
Shares Outstanding 20.60M | Shares Floating 21.62M | ||
Percent Insiders 4.75 | Percent Institutions 83.04 |
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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