$17.67
+1.03
(+6.19%)▲
Revenue is down for the last 3 quarters, 55.05M → 47.36M (in $), with an average decrease of 7.2% per quarter
Netprofit is down for the last 3 quarters, 17.29M → 12.99M (in $), with an average decrease of 13.3% per quarter
In the last 1 year, Independent Bank Corporation Ionia, MI has experienced a drawdown of -8.8%, however Deutsche Bank AG - Registered Shares resisted the overall trend and outperformed by 5.8%
4.64%
Downside
Day's Volatility :4.8%
Upside
0.17%
15.68%
Downside
52 Weeks Volatility :37.99%
Upside
26.47%
Period | INDEPENDENT BANK CORP - MICH | Sector (Financials) | Index (Russel 2000) |
---|---|---|---|
3 Months | -18.72% | -8.9% | -8.3% |
6 Months | -26.95% | -8.7% | -6.5% |
1 Year | -10.03% | -5.9% | -6.1% |
3 Years | 16.1% | 29.6% | 21.8% |
Market Capitalization | 351.8M |
Book Value | $17.4 |
Dividend Share | 0.89 |
Dividend Yield | 5.53% |
Earnings Per Share (EPS) | 2.74 |
PE Ratio | 6.07 |
PEG Ratio | 2.33 |
Wall Street Target Price | 20.3 |
Profit Margin | 29.27% |
Operating Margin TTM | 37.1% |
Return On Assets TTM | 1.18% |
Return On Equity TTM | 16.14% |
Revenue TTM | 199.4M |
Revenue Per Share TTM | 9.46 |
Quarterly Revenue Growth YOY | -12.5% |
Gross Profit TTM | 206.1M |
Diluted Eps TTM | 2.74 |
Quarterly Earnings Growth YOY | -0.27 |
EPS Estimate Current Year | 2.43 |
EPS Estimate Next Year | 2.5 |
EPS Estimate Current Quarter | 0.6 |
EPS Estimate Next Quarter | 0.59 |
What analysts predicted
Upside of 14.88%
FY17 | Y/Y Change | |
---|---|---|
Revenue | 128.4M | ↑ 9.49% |
Net Income | 20.5M | ↓ 10.06% |
Net Profit Margin | 15.95% | ↓ 3.46% |
FY18 | Y/Y Change | |
---|---|---|
Revenue | 153.0M | ↑ 19.13% |
Net Income | 39.8M | ↑ 94.57% |
Net Profit Margin | 26.04% | ↑ 10.09% |
FY19 | Y/Y Change | |
---|---|---|
Revenue | 164.5M | ↑ 7.54% |
Net Income | 46.4M | ↑ 16.56% |
Net Profit Margin | 28.23% | ↑ 2.19% |
FY20 | Y/Y Change | |
---|---|---|
Revenue | 197.9M | ↑ 20.31% |
Net Income | 56.2M | ↑ 20.93% |
Net Profit Margin | 28.37% | ↑ 0.14% |
FY21 | Y/Y Change | |
---|---|---|
Revenue | 199.0M | ↑ 0.56% |
Net Income | 62.9M | ↑ 12.01% |
Net Profit Margin | 31.6% | ↑ 3.23% |
FY22 | Y/Y Change | |
---|---|---|
Revenue | 204.6M | ↑ 2.78% |
Net Income | 63.4M | ↑ 0.73% |
Net Profit Margin | 30.97% | ↓ 0.63% |
Q4 FY21 | Q/Q Change | |
---|---|---|
Revenue | 48.2M | ↓ 6.55% |
Net Income | 12.5M | ↓ 21.64% |
Net Profit Margin | 25.96% | ↓ 5.0% |
Q1 FY22 | Q/Q Change | |
---|---|---|
Revenue | 50.4M | ↑ 4.67% |
Net Income | 18.0M | ↑ 43.64% |
Net Profit Margin | 35.62% | ↑ 9.66% |
Q2 FY22 | Q/Q Change | |
---|---|---|
Revenue | 48.8M | ↓ 3.27% |
Net Income | 13.0M | ↓ 27.64% |
Net Profit Margin | 26.65% | ↓ 8.97% |
Q3 FY22 | Q/Q Change | |
---|---|---|
Revenue | 55.1M | ↑ 12.86% |
Net Income | 17.3M | ↑ 33.04% |
Net Profit Margin | 31.42% | ↑ 4.77% |
Q4 FY22 | Q/Q Change | |
---|---|---|
Revenue | 50.3M | ↓ 8.55% |
Net Income | 15.1M | ↓ 12.78% |
Net Profit Margin | 29.96% | ↓ 1.46% |
Q1 FY23 | Q/Q Change | |
---|---|---|
Revenue | 47.4M | ↓ 5.93% |
Net Income | 13.0M | ↓ 13.89% |
Net Profit Margin | 27.43% | ↓ 2.53% |
FY17 | Y/Y Change | |
---|---|---|
Total Assets | 2.8B | ↑ 9.43% |
Total Liabilities | 2.5B | ↑ 9.76% |
FY18 | Y/Y Change | |
---|---|---|
Total Assets | 3.4B | ↑ 20.22% |
Total Liabilities | 3.0B | ↑ 19.41% |
FY19 | Y/Y Change | |
---|---|---|
Total Assets | 3.6B | ↑ 6.3% |
Total Liabilities | 3.2B | ↑ 6.64% |
FY20 | Y/Y Change | |
---|---|---|
Total Assets | 4.2B | ↑ 17.93% |
Total Liabilities | 3.8B | ↑ 18.66% |
FY21 | Y/Y Change | |
---|---|---|
Total Assets | 4.7B | ↑ 11.91% |
Total Liabilities | 4.3B | ↑ 12.89% |
FY22 | Y/Y Change | |
---|---|---|
Total Assets | 5.0B | ↑ 6.27% |
Total Liabilities | 4.7B | ↑ 8.03% |
Q4 FY21 | Q/Q Change | |
---|---|---|
Total Assets | 4.7B | ↑ 1.78% |
Total Liabilities | 4.3B | ↑ 1.99% |
Q1 FY22 | Q/Q Change | |
---|---|---|
Total Assets | 4.8B | ↑ 1.22% |
Total Liabilities | 4.4B | ↑ 2.33% |
Q2 FY22 | Q/Q Change | |
---|---|---|
Total Assets | 4.8B | ↑ 1.35% |
Total Liabilities | 4.5B | ↑ 2.01% |
Q3 FY22 | Q/Q Change | |
---|---|---|
Total Assets | 4.9B | ↑ 2.18% |
Total Liabilities | 4.6B | ↑ 2.31% |
Q4 FY22 | Q/Q Change | |
---|---|---|
Total Assets | 5.0B | ↑ 1.39% |
Total Liabilities | 4.7B | ↑ 1.16% |
Q1 FY23 | Q/Q Change | |
---|---|---|
Total Assets | 5.1B | ↑ 2.78% |
Total Liabilities | 4.8B | ↑ 2.56% |
FY17 | Y/Y Change | |
---|---|---|
Operating Cash Flow | 38.6M | ↑ 60.98% |
Investing Cash Flow | -277.6M | ↑ 99.9% |
Financing Cash Flow | 210.5M | ↑ 87.49% |
FY18 | Y/Y Change | |
---|---|---|
Operating Cash Flow | 44.9M | ↑ 16.35% |
Investing Cash Flow | -183.4M | ↓ 33.94% |
Financing Cash Flow | 154.0M | ↓ 26.87% |
FY19 | Y/Y Change | |
---|---|---|
Operating Cash Flow | 34.0M | ↓ 24.36% |
Investing Cash Flow | -181.6M | ↓ 0.94% |
Financing Cash Flow | 142.7M | ↓ 7.29% |
FY20 | Y/Y Change | |
---|---|---|
Operating Cash Flow | 58.2M | ↑ 71.2% |
Investing Cash Flow | -553.4M | ↑ 204.66% |
Financing Cash Flow | 548.6M | ↑ 284.4% |
FY21 | Y/Y Change | |
---|---|---|
Operating Cash Flow | 110.2M | ↑ 89.36% |
Investing Cash Flow | -563.1M | ↑ 1.75% |
Financing Cash Flow | 443.7M | ↓ 19.13% |
FY22 | Y/Y Change | |
---|---|---|
Operating Cash Flow | 94.6M | ↓ 14.09% |
Investing Cash Flow | -424.6M | ↓ 24.59% |
Financing Cash Flow | 294.9M | ↓ 33.54% |
Q4 FY21 | Q/Q Change | |
---|---|---|
Operating Cash Flow | 54.2M | ↓ 607.6% |
Investing Cash Flow | -167.5M | ↑ 134.32% |
Financing Cash Flow | 97.1M | ↓ 29.93% |
Q1 FY22 | Q/Q Change | |
---|---|---|
Operating Cash Flow | 38.6M | ↓ 28.89% |
Investing Cash Flow | -120.0M | ↓ 28.32% |
Financing Cash Flow | 81.8M | ↓ 15.72% |
Q2 FY22 | Q/Q Change | |
---|---|---|
Operating Cash Flow | 22.6M | ↓ 41.53% |
Investing Cash Flow | -146.2M | ↑ 21.8% |
Financing Cash Flow | 73.3M | ↓ 10.39% |
Q3 FY22 | Q/Q Change | |
---|---|---|
Operating Cash Flow | 34.2M | ↑ 51.83% |
Investing Cash Flow | -116.1M | ↓ 20.56% |
Financing Cash Flow | 93.0M | ↑ 26.92% |
Q4 FY22 | Q/Q Change | |
---|---|---|
Operating Cash Flow | -736.0K | ↓ 102.15% |
Investing Cash Flow | -42.2M | ↓ 63.64% |
Financing Cash Flow | 46.7M | ↓ 49.8% |
Q1 FY23 | Q/Q Change | |
---|---|---|
Operating Cash Flow | 23.6M | ↓ 3300.95% |
Investing Cash Flow | 4.8M | ↓ 111.32% |
Financing Cash Flow | 124.3M | ↑ 166.15% |
Sell
Neutral
Buy
INDEPENDENT BANK CORP - MICH is currently in a favorable trading position ( BUY ) according to technical analysis indicators.
Company Name | 1 Month | 6 Month | 1 Year | 3 Years | 5 Years |
---|---|---|---|---|---|
![]() INDEPENDENT BANK CORP - MICH | 12.76% | -26.95% | -10.03% | 16.1% | -32.04% |
![]() PNC Financial Services Group, Inc. | 8.75% | -19.29% | -28.6% | 0.7% | -15.67% |
![]() U.S. Bancorp | 9.52% | -27.72% | -39.25% | -20.79% | -37.65% |
![]() Truist Financial Corp | 22.4% | -24.68% | -35.19% | -23.38% | -40.17% |
![]() Deutsche Bank AG | 3.11% | 0.0% | -4.85% | 11.7% | -5.44% |
Company Name | P/E Ratio | P/B Ratio | PEG Ratio | EPS | ROE | ROA | Div Yield | BVPS |
---|---|---|---|---|---|---|---|---|
![]() INDEPENDENT BANK CORP - MICH | 6.07 | 6.07 | 2.33 | 2.43 | 0.16 | 0.01 | 0.06 | 17.4 |
![]() PNC Financial Services Group, Inc. | 8.2 | 8.2 | 0.41 | 13.88 | 0.13 | 0.01 | 0.05 | 104.78 |
![]() U.S. Bancorp | 8.16 | 8.16 | 0.84 | 4.64 | 0.11 | 0.01 | 0.06 | 30.13 |
![]() Truist Financial Corp | 6.9 | 6.9 | 0.88 | 4.38 | 0.1 | 0.01 | 0.07 | 41.82 |
![]() Deutsche Bank AG | 3.57 | 3.57 | 0.12 | 2.06 | 7.42 | 0.0 | 0.03 | 35.17 |
Company Name | Analyst View | Market Cap | 5 Years Return % | PE Ratio | Profit Margin |
---|---|---|---|---|---|
![]() INDEPENDENT BANK CORP - MICH | Buy | $351.8M | -32.04% | 6.07 | 29.27% |
![]() PNC Financial Services Group, Inc. | Buy | $47.9B | -15.67% | 8.2 | 29.89% |
![]() U.S. Bancorp | Buy | $46.8B | -37.65% | 8.16 | 25.5% |
![]() Truist Financial Corp | Hold | $41.2B | -40.17% | 6.9 | 28.34% |
![]() Deutsche Bank AG | Buy | $20.8B | -5.44% | 3.57 | 21.46% |
BlackRock Inc
FJ Capital Management LLC
Vanguard Group Inc
Dimensional Fund Advisors, Inc.
State Street Corporation
FMR Inc
In the quarter ending March,2023. INDEPENDENT BANK CORP - MICH has declared dividend of $0.23
Read MoreIndependent Bank Corporation is a Michigan-based bank holding company with total assets of approximately $4.2 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and insurance. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.
Organization | INDEPENDENT BANK CORP - MICH |
Employees | 803 |
CEO | Mr. William Bradford Kessel CPA, CPA |
Industry | Finance |
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