IBCP$33.86
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AI IBCP Summary
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Powered by LiveAIOverall Analysis
BuyIndependent Bank Corporation exhibits solid fundamental strength with consistent profitability and a healthy dividend yield. While the current technical indicators suggest a bearish short-term trend, the long-term outlook remains positive, supported by its stable market position and growth in the banking sector.
Thematic
Independent Bank Corporation operates within the stable, albeit slower-growing, banking sector. Key themes include interest rate sensitivity, regional economic growth, and digital transformation in financial services.
Fundamental
Independent Bank Corporation demonstrates strong profitability, a conservative valuation, and a consistent dividend payout, making it an attractive investment for income-focused investors.
Technical
The stock is currently trading below key short-term moving averages and shows negative momentum, indicating a bearish short-term outlook with potential for further downside.
| Factor | Score |
|---|---|
| Interest Rate Sensitivity | 70 |
| Regional Economic Growth | 75 |
| Digital Transformation in Banking | 60 |
| Regulatory Landscape | 50 |
| Factor | Score |
|---|---|
| Valuation | 90 |
| Profitability | 95 |
| Growth | 60 |
| Balance Sheet Health | 80 |
| Cash Flow | 85 |
| Dividend Yield | 85 |
| Factor | Score |
|---|---|
| Trend Analysis | 30 |
| Momentum | 40 |
| Volume Confirmation | 50 |
| Support & Resistance | 60 |
| Performance (1M) | 40 |
AI Investing Checklist
Powered by LiveAIBullish Points (7)
Consistent EPS Surprises
The company has exceeded earnings per share (EPS) estimates in 9 out of the last 12 reported quarters, with an average surprise of 12.59%, indicating strong operational execution and consistent profitability.
Undervalued P/E Ratio
The trailing P/E ratio of 10.32 is significantly lower than the industry average of 15.8 and its own 5-year historical average of 12.5, suggesting potential undervaluation.
Bearish Points (7)
Rising P/S Ratio Concerns
The Price-to-Sales (P/S) ratio has trended upwards from 2.2 in 2021 to 3.3 in 2023 and 4.1 TTM, indicating a potentially increasing valuation premium that may not be fully supported by sales growth.
Slowing Revenue Growth Trend
While net income has shown positive surprises, revenue growth has been relatively flat or declining in recent quarters, with 2024Q1 revenue at $51.225 million compared to $52.270 million in 2025Q1 (sequential decline), raising concerns about top-line expansion.
Calendar
May 2025
15
Next Dividend Date
August 2025
5
Ex-Dividend Date
October 2025
23
Next Earnings Date
H: $0.86
A: $0.85
L: $0.84
H: 58.90M
A: 50.07M
L: 45.37M
Profile
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.
Seasonals
Price Target
35.20 USD
The 39 analysts offering 1 year price forecasts for IBCP have a max estimate of 37.00 and a min estimate of 33.00.
Debt Level and Coverage
Financial Position Analysis
Ownership
Capital Structure
Valuation - Summary
Valuation - Ratios
Revenue to Profit Conversion
Balance Sheet
Income Statement
Cash Flow
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