IBCP
NEUTRAL
$34.67
Live
Independent Bank Corporation · NASDAQ
Target $37.0
(+6.7%)
$28.05
52W Range
$37.39
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 12, 2026
Market cap
$713.71M
P/E
10.6
ROE
14.3%
Profit margin
31.2%
Debt/Equity
N/A
Dividend yield
3.23%
AI Analysis
AI-powered fundamental assessment
Confidence
85%
IBCP presents as a stable but stagnant regional bank, characterized by a Piotroski F-Score of 4/9 (Stable) and a valuation that sits exactly at its intrinsic value of $34.66. While the company maintains a strong track record of earnings beats and a conservative dividend payout ratio of 31.8%, it is currently struggling with negative revenue growth (-5.60% YoY). The stock is fundamentally undervalued relative to its Graham Number ($42.44), but bearish insider activity and a 0/100 technical trend suggest a lack of immediate catalysts for growth.
Key Strengths
Strong earnings track record with consistent beats over 25 quarters
Attractive valuation with a P/E of 10.60 and trading below the Graham Number
Conservative dividend payout ratio (31.8%) providing high sustainability
Healthy ROE of 14.31% and ROA of 1.26%
Low forward P/E (9.17) suggesting potential earnings improvement
Key Risks
Negative revenue growth both YoY (-5.60%) and Q/Q (-6.42%)
Bearish insider sentiment with recent officer selling
Weak technical trend (0/100) indicating strong downward momentum
Mediocre Piotroski F-Score (4/9) suggesting stagnant financial health
Exposure to regional banking sector volatility
AI Fair Value Estimate
Based on comprehensive analysis
$37.0
+6.7% above current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
66
Strong
80
40
85
50
75
AI Verdict
Fairly Valued / Stagnant
Key drivers: Strong earnings consistency, Negative top-line growth, Conservative dividend profile, Bearish technicals/insiders
Confidence
90%
Value
80/100
P/E 10.60, Graham Number $42.44
Positives
- Price is below Graham Number ($42.44)
- Low P/E ratio relative to sector
Watchpoints
- Trading exactly at intrinsic value
Future
40/100
Revenue Growth -5.60% YoY
Positives
- Positive earnings growth (2.40%)
Watchpoints
- Declining revenue growth
- Bearish technical trend
Past
85/100
3/4 recent quarters beat estimates
Positives
- Exceptional history of beating EPS estimates
- Strong 3Y and 5Y price appreciation
Watchpoints
- Recent deceleration in growth
Health
50/100
Piotroski F-Score: 4/9
Positives
- Stable Piotroski score
Watchpoints
- F-Score of 4/9 is only 'Stable', not 'Strong'
Dividend
75/100
Payout Ratio 31.80%
Positives
- Low payout ratio (31.8%)
- Consistent yield
Watchpoints
- Yield is modest at 3.23%
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$34.67
Analyst Target
$37.0
Upside/Downside
+6.7%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for IBCP and closest competitors.
Updated 2026-04-10
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
IBCP
Independent Bank Corporation
Primary
|
+71.8% | +127.0% | +24.4% | +15.9% | +4.9% | +3.1% |
|
ASGI
Abrdn Global Infrastructure Income Fund
Peer
|
+81.9% | +71.2% | +44.0% | +13.2% | +0.7% | +4.0% |
|
ATLC
Atlanticus Holdings Corporation
Peer
|
+56.2% | +84.3% | +9.7% | -33.5% | -13.0% | -12.5% |
|
ACP
Abrdn Income Credit Strategies Fund
Peer
|
+10.2% | +16.0% | +7.4% | +0.4% | +3.3% | +0.4% |
|
BTO
John Hancock Financial Opportunities Fund
Peer
|
+64.7% | +35.4% | +7.9% | +6.5% | +3.0% | +2.1% |
IBC
Independent Bank Corporation
Primary
5Y
+71.8%
3Y
+127.0%
1Y
+24.4%
6M
+15.9%
1M
+4.9%
1W
+3.1%
ASG
Abrdn Global Infrastructure Income Fund
Peer
5Y
+81.9%
3Y
+71.2%
1Y
+44.0%
6M
+13.2%
1M
+0.7%
1W
+4.0%
ATL
Atlanticus Holdings Corporation
Peer
5Y
+56.2%
3Y
+84.3%
1Y
+9.7%
6M
-33.5%
1M
-13.0%
1W
-12.5%
ACP
Abrdn Income Credit Strategies Fund
Peer
5Y
+10.2%
3Y
+16.0%
1Y
+7.4%
6M
+0.4%
1M
+3.3%
1W
+0.4%
BTO
John Hancock Financial Opportunities Fund
Peer
5Y
+64.7%
3Y
+35.4%
1Y
+7.9%
6M
+6.5%
1M
+3.0%
1W
+2.1%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
10.6
Forward P/E
9.17
PEG Ratio
N/A
P/B Ratio
1.42
P/S Ratio
3.25
EV/Revenue
3.14
EV/EBITDA
N/A
Market Cap
$713.71M
Profitability
Profit margins and return metrics
Profit Margin
31.22%
Operating Margin
37.55%
Gross Margin
N/A
ROE
14.31%
ROA
1.26%
Growth
Revenue and earnings growth rates
Revenue Growth
-5.6%
Earnings Growth
+2.4%
Q/Q Revenue Growth
-6.42%
Q/Q Earnings Growth
+0.6%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
N/A
Current Ratio
N/A
Quick Ratio
N/A
Cash/Share
$8.15
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$0.1B
Net Margin
32.9%
Total Assets
$5.5B
Liabilities
$5.0B
Equity
$0.5B
Debt/Equity
9.95x
Operating CF
$0.0B
CapEx
$-0.0B
Free Cash Flow
$0.0B
FCF Yield
82%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-04-23
$N/A
2026-01-22
$0.88
+4.5% surprise
2025-10-28
$0.86
+2.4% surprise
2025-07-24
$0.82
+3.5% surprise
Financial Services Sector Comparison
Comparing IBCP against 362 companies in the Financial Services sector
(63 bullish, 158 neutral, 141 bearish)
P/E Ratio
10.6
This Stock
vs
52.08
Sector Avg
-79.6%
(Discount)
Return on Equity (ROE)
14.31%
This Stock
vs
-0.05%
Sector Avg
-27485.2%
(Below Avg)
Profit Margin
31.22%
This Stock
vs
66.07%
Sector Avg
-52.7%
(Weaker)
Revenue Growth
-5.6%
This Stock
vs
43.38%
Sector Avg
-112.9%
(Slower)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
IBCP
Independent Bank Corporation
|
NEUTRAL | $713.71M | 10.6 | 14.3% | 31.2% | $34.67 | |
|
ASGI
Abrdn Global...
|
BEARISH | $714.98M | 8.13 | -% | -% | $22.61 | Compare |
|
ATLC
Atlanticus Holdings Corporation
|
NEUTRAL | $726.19M | 8.52 | 19.7% | 21.9% | $47.96 | Compare |
|
ACP
Abrdn Income Credit Strategies Fund
|
NEUTRAL | $698.87M | 17.41 | 5.0% | 42.9% | $5.57 | Compare |
|
BTO
John Hancock Financial...
|
NEUTRAL | $731.42M | 4.7 | 25.5% | 593.6% | $36.94 | Compare |
IBCP
Independent Bank...
NEUTRAL
Mkt Cap
$714M
P/E
10.6
ROE
14.3%
Price
$34.67
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-04-06 | KESSEL WILLIAM B | Chief Executive Officer | Stock Award | 10,981 | - |
| 2026-04-06 | MOHR GAVIN A | Officer | Stock Award | 4,297 | - |
| 2026-04-06 | RAHN JOEL F | Officer | Stock Award | 4,150 | - |
| 2026-04-06 | KIMBALL STEFANIE M | Officer | Stock Award | 4,331 | - |
| 2026-04-06 | KIMBALL STEFANIE M | Officer | Stock Award | 4,331 | - |
| 2026-04-06 | ERVIN PATRICK J | Officer | Stock Award | 4,274 | - |
| 2026-04-01 | BOER WILLIAM J | Director | Stock Award | 309 | $10,290 |
| 2026-02-24 | KRUSE RONIA F | Director | Purchase | 1,200 | $42,324 |
| 2026-02-03 | TWAROZYNSKI JAMES J | Officer | Stock Award | 631 | - |
| 2026-02-03 | KESSEL WILLIAM B | Chief Executive Officer | Stock Award | 6,052 | - |
| 2026-02-03 | MOHR GAVIN A | Officer | Stock Award | 2,037 | - |
| 2026-02-03 | KRETER KRISTOPHER | Officer | Stock Award | 358 | - |
| 2026-02-03 | MICHAELS CHRISTOPHER S | Officer | Stock Award | 1,803 | - |
| 2026-02-03 | STODOLAK MICHAEL JOSEPH | Officer | Stock Award | 1,532 | - |
| 2026-02-03 | RAHN JOEL F | Officer | Stock Award | 1,901 | - |
KESSEL WILLIAM B
Chief Executive Officer
2026-04-06
10,981 shares
MOHR GAVIN A
Officer
2026-04-06
4,297 shares
RAHN JOEL F
Officer
2026-04-06
4,150 shares
KIMBALL STEFANIE M
Officer
2026-04-06
4,331 shares
KIMBALL STEFANIE M
Officer
2026-04-06
4,331 shares
ERVIN PATRICK J
Officer
2026-04-06
4,274 shares
BOER WILLIAM J
Director
2026-04-01
309 shares
·
$10,290
KRUSE RONIA F
Director
2026-02-24
1,200 shares
·
$42,324
TWAROZYNSKI JAMES J
Officer
2026-02-03
631 shares
KESSEL WILLIAM B
Chief Executive Officer
2026-02-03
6,052 shares
MOHR GAVIN A
Officer
2026-02-03
2,037 shares
KRETER KRISTOPHER
Officer
2026-02-03
358 shares
MICHAELS CHRISTOPHER S
Officer
2026-02-03
1,803 shares
STODOLAK MICHAEL JOSEPH
Officer
2026-02-03
1,532 shares
RAHN JOEL F
Officer
2026-02-03
1,901 shares
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
HOLD
5 analysts
DA Davidson
2026-03-20
Neutral
Neutral
Piper Sandler
2026-01-26
Neutral
Neutral
Past News Coverage
Recent headlines mentioning IBCP from our newsroom.
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