Independent Bank Stock (NASDAQ:IBCP)
Previous Close
$36.96
52W Range
$29.83 - $39.24
50D Avg
$36.36
200D Avg
$35.30
Market Cap
$761.88M
Avg Vol (3M)
$188.13K
Beta
0.72
Div Yield
$1.10 (2.97%)
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 |
|---|---|---|---|
| Overdraft Fees | $8.43M | $5.63M | $7.59M |
| 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 |
| Investment and Insurance Commissions | $2.60M | $1.97M | $1.66M |
| ATM Fees | $1.11M | $1.17M | $1.37M |
| Other | $819.00K | $769.00K | $965.00K |
| Other Deposit Related Income | $2.28M | $2.31M | $2.79M |
| Service Charges on Deposits | $10.17M | $8.52M | $11.21M |
| Transaction Based Revenue | $914.00K | $688.00K | $535.00K |
Fiscal year ends in Dec 25 | Currency in USD
Peer Comparison
| Ticker | Company |
|---|---|
| FBIZ | First Business Financial Services, Inc. |
| MVBF | MVB Financial Corp. |
| ISTR | Investar Holding Corporation |
| CBNK | Capital Bancorp, Inc. |
| ISBA | Isabella Bank Corporation |
| CCBG | Capital City Bank Group, Inc. |
| LCNB | LCNB Corp. |
| ACNB | ACNB Corporation |
| PFIS | Peoples Financial Services Corp. |
| BOTJ | Bank of the James Financial Group, Inc. |