Valuation: Independent Bank Corporation

Market Cap 81Cr 72Cr 67Cr 60Cr 112.67Cr 7.67TCr 114.78Cr 793.31Cr 318.46Cr 4.03TCr 303.05Cr 296.61Cr 13TCr P/E 2026 *
10.8x
P/E 2027 * 9.22x
Enterprise Value 81Cr 72Cr 67Cr 60Cr 112.67Cr 7.67TCr 114.78Cr 793.31Cr 318.46Cr 4.03TCr 303.05Cr 296.61Cr 13TCr EV / Sales 2026 *
3.9x
EV / Sales 2027 * 3.46x
Free-Float
95.23%
Yield 2026 *
3.06%
Yield 2027 * 3.15%
1 day-1.43%
1 week-1.11%
Current month+3.77%
1 month+3.77%
3 months-4.24%
6 months+10.12%
Current year+12.42%
1 week 35.28
Extreme 35.285
37.59
1 month 34.53
Extreme 34.53
37.59
Current year 31.75
Extreme 31.75
39.24
1 year 29.83
Extreme 29.83
39.24
3 years 19.71
Extreme 19.71
40.32
5 years 14.9
Extreme 14.9
40.32
10 years 9.19
Extreme 9.19
40.32
Manager TitleAgeSince
Chief Executive Officer 61 01/01/2013
Director of Finance/CFO - 14/09/2020
Compliance Officer - -
Director TitleAgeSince
Chairman 68 23/04/2024
Director/Board Member 61 01/01/2013
Director/Board Member 70 23/10/2012
Date Insider Type Main position Quantity % Market Cap. Importance
01/10/26 Free

Director

140 0.0006%
01/10/26 Free

Director

374 0.0017%
01/10/26 Other

Director

292 0.0013%
Change 5-day change 1-year change 3-year change Capi.($)
-1.43%-1.11%+17.93%+86.30% 81Cr
-1.90%+1.65%+8.92%+145.26% 90TCr
+1.48%+9.05%+30.50%+111.10% 44TCr
+1.31%+5.47%+15.28%+141.81% 39TCr
-2.21%-1.09%-5.69%+94.67% 35TCr
+1.28%+5.07%+30.53%+129.02% 35TCr
+0.16%+3.19%+38.09%+125.09% 32TCr
-1.21%-5.55%+19.37%+117.44% 29TCr
-1.49%+0.77%+39.10%+157.84% 28TCr
-1.66%+1.23%-3.01%+111.51% 25TCr
Average -0.12%+1.87%+19.10%+122.00% 35.67TCr
Weighted average by Cap. +0.18%+2.50%+18.02%+128.66%

Financials

2026 *2027 *
Net sales 21Cr 19Cr 17Cr 15Cr 29Cr 1.97TCr 29Cr 203.38Cr 82Cr 1.03TCr 78Cr 76Cr 3.26TCr 23Cr 21Cr 19Cr 17Cr 33Cr 2.22TCr 33Cr 229.27Cr 92Cr 1.17TCr 88Cr 86Cr 3.68TCr
Net income 7.33Cr 6.57Cr 6.04Cr 5.47Cr 10Cr 696.13Cr 10Cr 72Cr 29Cr 366.18Cr 28Cr 27Cr 1.15TCr 8.88Cr 7.95Cr 7.31Cr 6.63Cr 12Cr 843.08Cr 13Cr 87Cr 35Cr 443.48Cr 33Cr 33Cr 1.4TCr
Net Debt - -
Projected Income Statement - Annual - Independent Bank Corporation
Logo Independent Bank Corporation
Independent Bank Corporation is a bank holding company. The Company operates over 59 locations across Michigan’s Lower Peninsula through its subsidiary Independent Bank (the bank). The bank offers a range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The bank also offers investment services through a third-party agreement with Cetera Investment Services LLC and title insurance services. The bank's personal services include accounts, loans, wealth, learn, and digital banking. The bank's commercial services include accounts, lending, services, wealth, learn, and digital banking. Its commercial checking accounts include Business ONE, Business Flex, and Eagle Advantage. Its commercial lending includes working capital lines of credit, equipment financing, commercial real estate loans, acquisition financing, SBA loans, and others.
Employees
781
Sector
Banks
Date Price Change Volume
30/26/30 $36.57 -1.43% 1,26,983
29/26/29 $37.10 +0.49% 2,99,381
28/26/28 $36.92 -0.57% 2,06,331
27/26/27 $37.13 +0.32% 4,60,918
26/26/26 $37.01 +0.08% 1,33,938
Trader
Investor
-
Global
-
Quality
ESG MSCI
BBB
MarketScreener Ratings - Independent Bank Corporation
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
36.57USD
Average target price
41.20USD
Spread / Average Target
+12.66%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Independent Bank Corporation
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