Stocks · Financial Services · Banks - Regional
Independent Bank Corporation IBCP
$36.37 +2.25% Close, Oct 2, 2026 · NASDAQ · Market cap $749.4M
Next earnings report: Oct 27, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 10.6× trailing earnings, higher than 90% of the company's own readings over the past five years.
- Earnings beat analyst estimates in each of the last 7 quarters (average surprise over the last four: +4.4%).
- The stock is in an uptrend: above its 200-day average for 96 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth23Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 31%
- EPS growth (TTM, YoY)Bottom 40%
- FCF growth (TTM, YoY)Bottom 10%
- Revenue growth, 3-year CAGRBottom 37%
- Revenue growth accelerationTop 23%
Quality36Weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 12%
- Gross marginTop 33%
- Operating marginTop 37%
- Cash conversion (OCF / net income)Bottom 25%
- Accruals (lower is better)Bottom 26%
- Net debt / EBITDA (lower is better)Top 48%
- Interest coverTop 49%
Value59Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 20%
- Free-cash-flow yieldBottom 34%
- EBITDA / enterprise valueTop 24%
- Sales / enterprise valueTop 38%
- P/E vs own 5-year history (lower is better)Bottom 14%
Momentum68Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 36%
- 6-month returnTop 43%
- 1-year return vs S&P 500Top 33%
- Distance from 52-week highTop 37%
- Trend checklist (0–4)Top 27%
Revisions49Neutral
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 48%
- Consecutive EPS beatsTop 16%
- Share of analysts rating BuyBottom 37%
- Upside to consensus price targetBottom 30%
Stability49Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 48%
- Maximum drawdown, 3 yearsTop 47%
- Beta vs S&P 500 (lower is better)Bottom 38%
- Net debt / EBITDA (lower is better)Top 48%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -1.7% | 1.4% | ↑ |
| EPS growth (YoY) | 6.7% | 12.1% | ↑ |
| Gross margin | 67.4% | 71.3% | ↑ |
| Operating margin | 25.6% | 26.7% | ↑ |
| FCF margin | 24.2% | 11.0% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 1.4% | -1.7% | ↑ | Bottom 31% |
| EPS growth (TTM, YoY) | 12.1% | 6.7% | ↑ | Bottom 40% |
| Gross margin | 71.3% | 67.4% | ↑ | Top 33% |
| Operating margin | 26.7% | 25.6% | ↑ | Top 37% |
| Net margin | 22.7% | 20.8% | ↑ | — |
| Free-cash-flow margin | 11.0% | 24.2% | ↓ | — |
| Return on invested capital | -1.7% | — | Bottom 12% | |
| Revenue growth, 3-year CAGR | 12.0% | — | Bottom 37% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.53×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 0.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.1%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.09×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.98%
- Net buyback yield (TTM)
- 0.98%
- Shareholder yield
- 3.96%
- Share count change, 1 year
- -0.7%
- Share count change, 3-year CAGR
- -0.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 7
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +4.4%
- Average 2-day reaction, last 8
- -0.5%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $39.50
- Target vs current price
- +8.6%
- Analysts with a rating
- 8
- Share rating Buy or Strong Buy
- 38%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | +6.6% | +1.8% | +7.3% | +2.6% | — |
| Apr 23, 2026 | +2.5% | -1.0% | -0.6% | +0.0% | +8.5% |
| Jan 22, 2026 | +7.2% | +1.0% | -2.7% | +4.8% | -0.7% |
| Oct 28, 2025 | +1.2% | -0.8% | -4.4% | -1.3% | +8.9% |
| Jul 24, 2025 | +3.8% | -3.9% | -8.9% | -8.2% | -9.9% |
| Apr 24, 2025 | +5.7% | -1.2% | -2.6% | +1.7% | +9.2% |
| Jan 23, 2025 | +13.0% | +1.3% | +3.3% | -0.7% | -13.4% |
| Oct 24, 2024 | -14.5% | -1.5% | +1.0% | +11.6% | +4.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $0.90 | $0.84 | +6.6% | $63.2M |
| Apr 23, 2026 | $0.81 | $0.79 | +2.5% | $58.9M |
| Jan 22, 2026 | $0.89 | $0.83 | +7.2% | $58.3M |
| Oct 28, 2025 | $0.84 | $0.83 | +1.2% | $55.5M |
| Jul 24, 2025 | $0.81 | $0.78 | +3.8% | $54.1M |
| Apr 24, 2025 | $0.74 | $0.70 | +5.7% | $52.3M |
| Jan 23, 2025 | $0.87 | $0.77 | +13.0% | $60.4M |
| Oct 24, 2024 | $0.65 | $0.76 | -14.5% | $49.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 10.6× | 8.6× | 90th | Top 20% |
| P/E (forward) | 10.2× | — | — | — |
| EV / EBITDA | 9.0× | — | — | Top 24% |
| EV / Sales | 2.70× | — | — | Top 38% |
| Free-cash-flow yield | 4.63% | — | — | Bottom 34% |
| Earnings yield | 9.46% | — | — | Top 20% |
P/E over the past five years
Range 6.0× – 11.3× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +18.8%
- Earnings per share growth (TTM)
- +12.1%
- Change in P/E multiple
- +13.8%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 96
- 50-day average slope (20 days)
- +0.1%
- 200-day average slope (20 days)
- +1.0%
- Distance from 50-day average
- -2.0%
- Distance from 200-day average
- +3.5%
- RSI (14)
- 51.2
- Relative volume
- 1.20×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 20.2%
- Volatility vs own 5-year history
- 0th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.81
- Correlation with S&P 500
- 0.48
- Current drawdown from 1-year high
- -5.9%
- Maximum drawdown, 3 years
- -28.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 14, 2022 | May 11, 2023 | -40.3% | 331 days | 155 days (Dec 21, 2023) |
| Nov 11, 2024 | Apr 4, 2025 | -28.0% | 98 days | Not yet recovered |
| Apr 12, 2021 | Jul 19, 2021 | -19.2% | 68 days | 82 days (Nov 11, 2021) |
| Jan 30, 2024 | Apr 15, 2024 | -14.3% | 52 days | 52 days (Jun 28, 2024) |
| Jul 25, 2024 | Aug 7, 2024 | -11.6% | 9 days | 30 days (Sep 19, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $749.4M
- P/E (TTM)
- 10.6
- EPS, diluted (TTM)
- $3.44
- Revenue (TTM)
- $316.0M
- Dividend yield
- 3.02%
- 52-week range
- $29.83 – $39.24
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $207.1M | $224.2M | $283.8M | $316.3M | $315.4M |
| Gross profit | $199.5M | $198.8M | $193.8M | $211.7M | $219.5M |
| Operating income | $77.3M | $77.8M | $73.7M | $83.0M | $81.3M |
| Net income | $62.9M | $63.4M | $59.1M | $66.8M | $68.5M |
| EPS (diluted) | $2.88 | $2.97 | $2.79 | $3.16 | $3.27 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $76.0M | $84.5M | $74.7M | $76.3M | $79.4M | $79.4M | $74.6M | $82.6M |
| Net income | $13.8M | $18.5M | $15.6M | $16.9M | $17.5M | $18.6M | $16.9M | $18.8M |
| EPS (diluted) | $0.65 | $0.87 | $0.74 | $0.81 | $0.84 | $0.89 | $0.81 | $0.90 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $110.2M | $94.6M | $75.6M | $63.2M | $76.7M |
| Capital expenditure | -$5.8M | -$5.7M | -$6.0M | -$8.0M | -$6.5M |
| Free cash flow | $104.3M | $89.0M | $69.6M | $55.2M | $70.2M |
| Dividends paid | -$18.2M | -$18.6M | -$19.3M | -$20.0M | -$21.6M |
| Net share buybacks | -$17.2M | -$3.9M | -$5.1M | $13,000 | -$13.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $558.0M
- Total assets
- $5.66B
- Total liabilities
- $5.14B
- Total debt
- $166.9M
- Net debt
- $102.8M
- Shareholders’ equity
- $528.4M
As of Jun 30, 2026 (filed Aug 5, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 4, 2026 | $0.28 | Aug 14, 2026 |
| May 4, 2026 | $0.28 | May 14, 2026 |
| Feb 3, 2026 | $0.28 | Feb 13, 2026 |
| Nov 4, 2025 | $0.26 | Nov 14, 2025 |
| Aug 5, 2025 | $0.26 | Aug 15, 2025 |
| May 5, 2025 | $0.26 | May 15, 2025 |
| Feb 4, 2025 | $0.26 | Feb 14, 2025 |
| Nov 5, 2024 | $0.24 | Nov 15, 2024 |
Short interest
- Shares sold short
- 757,205
- Days to cover
- 4.99
- Change vs previous report
- +8.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Sep 1, 2010
- 1-for-10
- Aug 31, 2006
- 21-for-20
- Sep 1, 2005
- 21-for-20
- Oct 2, 2003
- 11-for-10
- Jan 2, 2003
- 3-for-2