Independent Bank Stock (NASDAQ:IBCP)
Previous Close
$35.31
52W Range
$29.63 - $39.17
50D Avg
$33.98
200D Avg
$33.28
Market Cap
$727.81M
Avg Vol (3M)
$179.72K
Beta
0.71
Div Yield
$1.08 (3.06%)
IBCP Company Profile
As the holding company for Independent Bank, Independent Bank Corporation provides diverse banking services to both individual consumers and businesses. Its comprehensive suite of offerings includes checking and savings accounts, commercial lending, direct and indirect consumer financing, and mortgage solutions, along with safe deposit boxes. Customers also benefit from accessible automatic teller machines, internet banking, and mobile banking capabilities. The company further diversifies its portfolio with title insurance, insurance brokerage, and investment services. Headquartered in Grand Rapids, Michigan, and founded in 1864, Independent Bank Corporation reaches its clientele through roughly 59 branches, two drive-through facilities, and seven loan production offices across Michigan, in addition to two loan production offices in Ohio.
IBCP Performance
Revenue Breakdown
Revenue Breakdown by Product/Service
| Product/Service | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|
| Other | $819.00K | $769.00K | $965.00K |
| Account Service Charges | $1.13M | $2.02M | $2.10M |
| Asset Management Revenue | $1.69M | $1.28M | $1.12M |
| Interchange Income | $14.04M | $11.23M | $10.30M |
| ATM Fees | $1.11M | $1.17M | $1.37M |
| Investment and Insurance Commissions | $2.60M | $1.97M | $1.66M |
| Overdraft Fees | $8.43M | $5.63M | $7.59M |
| Transaction Based Revenue | $914.00K | $688.00K | $535.00K |
| Service Charges on Deposits | $10.17M | $8.52M | $11.21M |
| Other Deposit Related Income | $2.28M | $2.31M | $2.79M |
Fiscal year ends in Dec 25 | Currency in USD
Peer Comparison
| Ticker | Company |
|---|---|
| SMBK | SmartFinancial, Inc. |
| GSBC | Great Southern Bancorp, Inc. |
| CAC | Camden National Corporation |
| MCBS | MetroCity Bankshares, Inc. |
| ORRF | Orrstown Financial Services, Inc. |
| SMBC | Southern Missouri Bancorp, Inc. |
| SPFI | South Plains Financial, Inc. |
| CCBG | Capital City Bank Group, Inc. |
| THFF | First Financial Corporation |
| BCAL | Southern California Bancorp |