Independent Bank share price logo

Independent Bank

NASDAQ: IBCP

Small Cap

$36.23

+0.01

(+0.03%)

as on

Independent Bank Stock Performance

as on September 19, 2026 at 2:15 pm IST

  • Day's Low

    Day's High

    $35.79
    $36.36
    downward going graph

    1.21%

    Downside

    0.36%

    Upside

    downward going graph
  • 52 Week's Low

    52 Week's High

    $29.83
    $39.24
    downward going graph

    17.66%

    Downside

    8.31%

    Upside

    downward going graph

Independent Bank share price movements today

Previous Close
$36.22
Open
$36.03
Volume
317.3K
Market Cap
$829.1M
Dividend Yield
3.02%
Day's Low - High
$35.79 - $36.36
52 Week Low - High
$29.83 - $39.24

Independent Bank Historical Returns

1 Month Return
-1.98 %
3 Month Return
+ 5.57 %
1 Year Return
+ 15.53 %
3 Year Return
+ 97.82 %
5 Year Return
+ 77.29 %

Independent Bank Stock Fundamentals & Key Indicators

Check Independent Bank market cap, PE, PB, PEG ratios, dividend yield, and other key fundamental indicators.

Market Cap

$829.1M

EPS (TTM)

3.48

Dividend Yield

3.02%

Quarterly Earnings Growth YOY

0.00%

PE Ratio (TTM)

10.41

Industry PE ratio

11.13

PEG Ratio

0.8246374889478341

EBITDA

94.3M

Revenue (TTM)

316.0M

Profit Margin

71.30%

Return On Equity TTM

14.12%

Independent Bank Stock Valuation

Track how Independent Bank P/E has moved over time to understand its valuation trends.

Independent Bank in the last 5 years

  • Overview

  • Trends

Lowest (7.97x)

December 31, 2022

Today (9.86x)

December 31, 2025

Industry (11.13x)

December 31, 2025

Highest (10.88x)

December 31, 2024

LowHigh

Today’s Price to Earnings Ratio: 9.86x

Independent Bank vs Peer Comparison

Compare market cap, revenue, PE, and other key metrics of Independent Bank with its industry peers.

Company
Analyst View
Market Cap
5 Years Return %PE RatioProfit Margin %Dividend Yield %
HOLD$829.1M77.29%10.4171.30%3.02%
BUY$134.3B275.25%15.1829.14%1.68%
HOLD$96.9B5.68%12.0363.78%3.48%
NA$156.2BNA6.9587.19%4.42%
BUY$101.1B44.29%17.1968.53%0.89%

Stock Returns calculator for Independent Bank Stock including INR - Dollar returns

The Independent Bank stock calculator helps Indian investors calculate returns based on the historical performance of the stock. Just choose your investment amount and duration to get insights and invest more confidently. See stock returns as well as the effect of dollar appreciation over different durations.

*Dollar Impact: The bonus return you make when the US Dollar rises against the Rupee; calculated on the full amount you walk away with, not just what you invested in.

Investment Value

₹1,00,000

  • 1Y

  • 3Y

  • 5Y

  • 7Y

  • 10Y

Independent Bank investment value today

Current value as on today

₹1,25,483

Returns

₹25,483

(+25.48%)

Returns from Independent Bank Stock

₹15,566 (+15.57%)

Dollar Impact

₹9,916 (+9.92%)

Analyst Recommendation on Independent Bank Stock

Based on 4 analysts

HOLD

25.00%

Buy

75.00%

Hold

0.00%

Sell

Based on 4 analysts, 75% of analysts recommend a 'HOLD' rating for Independent Bank. Average target price of $40.4

Independent Bank Share Price Target

Get share price movements and forecasts by analysts on Independent Bank.

What analysts predicted

10.32%UPSIDE

Target Price

$40.4

Current Price

$36.23

Analyzed by

4 Analysts

Target

$40.40

Independent Bank target price $40.4, a slight upside of 10.32% compared to current price of $36.23. According to 4 analysts rating.

Indian Investors' Interest in Independent Bank Stock

Search interest for Independent Bank Stock has increased by 75% in the last 30 days, reflecting an upward trend in search activity.

Time period: to

Change:75% versus previous 30 day period

Independent Bank Quarterly Profit & Loss

All numbers in Millions USD

Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Total Revenue
76
79
76
84
74
76
79
79
74
82
Gross Profit
51
54
47
57
51
52
53
56
54
60
Operating Income
19
23
17
22
19
20
21
20
20
22
EBITDA
22
25
19
25
21
23
23
22
22
25
Interest Expense
24
24
26
24
22
22
23
21
19
19
Depreciation
2
2
2
2
2
2
2
2
2
2
Income Before Tax
19
23
17
22
19
20
21
20
20
22
Income Tax Expense
3
4
3
4
3
3
3
1
3
3
Net Income
15
18
13
18
15
16
17
18
16
18
Net Profit Margin
67.14%
68.81%
63.07%
68.44%
68.73%
69.39%
67.36%
71.03%
73.63%
73.24%

Independent Bank Annual Profit & Loss

All numbers in Millions USD

Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Dec 2025
Total Revenue
138
170
190
214
207
224
283
316
315
Gross Profit
127
151
163
185
199
198
193
211
219
Operating Income
38
49
57
69
77
77
73
83
81
EBITDA
45
55
63
78
89
88
83
93
91
Interest Expense
9
17
26
16
8
19
83
100
89
Depreciation
6
6
6
9
12
10
10
10
9
Income Before Tax
38
49
57
69
77
77
73
83
81
Income Tax Expense
17
9
11
13
14
14
14
16
12
Net Income
20
39
46
56
62
63
59
66
68
Net Profit Margin
92.52%
88.88%
85.63%
86.49%
96.33%
88.65%
68.29%
66.92%
69.61%

Independent Bank Quarterly Cash Flow

All numbers in Millions USD

Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Net Income
15
18
13
18
15
16
17
18
16
18
Operating Cash Flow
20
8
17
16
31
18
18
7
-9
20
Investing Cash Flow
17
16
-67
-85
3
-70
-9
-45
-16
-105
Financing Cash Flow
-46
26
-42
67
-26
69
53
-32
62
75
Change in Cash
-7
52
-92
-1
8
18
62
-70
36
-8

Independent Bank Annual Cash Flow

All numbers in Millions USD

Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Dec 2025
Net Income
20
39
46
56
62
63
59
66
68
Operating Cash Flow
38
44
34
58
110
94
75
63
76
Investing Cash Flow
-277
-183
-182
-553
-563
-424
-162
-118
-122
Financing Cash Flow
210
153
142
548
443
294
182
5
64
Change in Cash
-28
15
-4
53
-9
-35
95
-49
18

Mutual Funds that own Independent Bank Stock

Check out the Mutual Funds with significant holdings in Independent Bank.

Funds
Holdings
Shares Held
VANGUARD INDEX FUNDS
3.984356%
884499
DFA INVESTMENT DIMENSIONS GROUP INC
2.065502%
458527
TIAA-CREF Funds
1.363507%
302689
Fidelity Concord Street Trust
1.138928%
252834
Fidelity Salem Street Trust
1.021955%
226867

Global Institutional Holdings in Independent Bank

Funds
Holdings
Vanguard
5.36%
iShares
4.31%
Avantis
3.72%
Schwab
3.04%
Dimensional
1.57%

Insights on Independent Bank

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, IBCP stock has moved up by 99.4%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 16.87M → 18.80M (in $), with an average increase of 10.3% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 74.61M → 82.62M (in $), with an average increase of 9.7% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Mizuho Financial Group, Inc. American Depositary Shares Each representing one-fifth of an Ordinary Share has given 204.7% return, outperforming this stock by 105.3%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Mizuho Financial Group, Inc. American Depositary Shares Each representing one-fifth of an Ordinary Share has given 64.8% return, outperforming this stock by 49.2%

About Independent Bank

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.
OrganisationIndependent Bank
Headquarters4200 East Beltline, Grand Rapids, MI, 49525, US
IndustryBanks - Regional
CEOWilliam Bradford Kessel
E-voting on sharesClick here to vote

Key Management of Independent Bank

Name

Title

Mr. William Bradford Kessel CPA

President, CEO & Director

Mr. Joel F. Rahn

Executive VP of Commercial Lending & Chief Lending Officer

Mr. Christopher S. Michaels

Executive VP & Chief Operating Officer

Mr. James J. Twarozynski

Senior VP, Chief Accounting Officer & Controller

Ms. Laurinda M. Neve

Senior Vice President of Human Resources

Mr. Michael J. Stodolak

Executive Vice President of Retail Banking

Mr. Mark Allan Kolanowski

Executive Vice President

Mr. Gavin A. Mohr

CFO, Executive VP, Treasurer & Corporate Secretary

Ms. Stefanie M. Kimball

Executive VP & Chief Risk Officer

Mr. Patrick J. Ervin

Executive Vice President of Mortgage Banking

FAQs

What is Independent Bank share price today?

Independent Bank share price today is $36.23 as on at the close of the market. Independent Bank share today touched a day high of $36.36 and a low of $35.79.

What is the 52 week high and 52 week low for Independent Bank share?

Independent Bank share touched a 52 week high of $39.24 on and a 52 week low of $29.83 on . Independent Bank stock price today i.e. is closed at $36.23,which is 7.67% down from its 52 week high and 21.45% up from its 52 week low.

What is Independent Bank's market capitalisation today?

Independent Bank market capitalisation is $0.00T as on .

How to invest in Independent Bank Stock (IBCP) from India?

  1. Step 1: Open a free US stocks account on INDmoney App and transfer your Rupees into Dollars to your INDmoney US stocks account. For a step by step instruction, check How to Transfer Money to Your US Stocks Account .
  2. Step 2: Search for Independent Bank on INDmoney app. Click on Buy button. You can invest as low as $1.5 in Independent Bank Shares that will get you 0.0414 shares as per Independent Bank share price of $36.23 per share as on September 19, 2026 at 8:45 am IST.

What is the minimum amount required to buy Independent Bank Stock (IBCP) from India?

Indian investors can start investing in Independent Bank (IBCP) shares with as little as ₹95.88 or $1 (as of ) using the INDmoney app.
For example: If you want to invest $10 or ₹958.80 in Independent Bank stock (as per the Rupee-Dollar exchange rate as on ). Based on Independent Bank share’s latest price of $36.23 as on September 19, 2026 at 8:45 am IST, you will get 0.2760 shares of Independent Bank. Learn more about fractional shares .

What are the returns that Independent Bank has given to Indian investors in the last 5 years?

Independent Bank stock has given 77.29% share price returns and 30.25% dollar appreciation to an Indian investor in the last 5 years.
Read more about How do Currency Exchange Rates impact your returns on US Stock Investments?