Independent Bank- Mich Share Price (NASDAQ: IBCP)

$32.87

▲

-0.1

(-0.3%)

Last updated on August 30, 2025 at 1:29 am IST

$₹

Check the interactive Independent Bank- Mich Stock chart to analyse performance

Independent Bank- Mich stock performance

as on August 30, 2025 at 1:29 am IST

Today's Low:$32.87
Today's High:$32.90
$32.87
0.0%
Downside
Day's Volatility :0.09%
Upside
0.09%
52 Weeks Low:$26.75
52 Weeks High:$40.32
$32.87
18.62%
Downside
52 Weeks Volatility :33.66%
Upside
18.48%

Independent Bank- Mich Stock Returns

Period	Independent Bank Corp - Mich	Sector (Financials)	Index (Russel 2000)
3 Months	5.38%	5.9%	0.0%
6 Months	-2.46%	3.5%	0.0%
1 Year	-3.43%	18.0%	0.0%
3 Years	61.43%	62.1%	-4.7%

Independent Bank Corp - Mich Key Stats

Check Independent Bank- Mich key stats like market cap, P/E ratio, EPS, Dividend Yield, and more.

Previous Close	$32.97
Open	$32.9
Today's High	$32.9
Today's Low	$32.87
Market Capitalization	$682.8M
Today's Volume	$163.8K
52 Week High	$40.32
52 Week Low	$26.75
Revenue TTM	$217.5M
Earnings Per Share (EPS)	$3.06
PE Ratio	10.77
Dividend Yield	3.0%
Profit Margin	29.77%
Quarterly Earnings Growth YOY	-0.08%
Return On Equity TTM	14.39%

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

The Independent Bank- Mich 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 Return is the profit earned when the US dollar rises in value compared to the Indian rupee.

Investment Value

₹1,00,000

Independent Bank- Mich investment value today

Current value as on today

₹1,01,762

Returns

₹1,762

(+1.76%)

Returns from Independent Bank- Mich Stock

₹3,522 (-3.52%)

Dollar Returns*

₹5,284 (+5.28%)

Indian investors sentiment towards Independent Bank- Mich Stock

25%

Period: Jul 31, 2025 to Aug 30, 2025. Change in 30 Days versus previous period

Search interest for Independent Bank- Mich Stock from India on INDmoney has increased by 25% in the last 30 days, reflecting an upward trend in search activity.

Global Institutional Holdings in Independent Bank Corp - Mich

Name
Holdings %
Name
Holdings %
BlackRock Inc
14.91%
Vanguard Group Inc
6.52%
FMR Inc
5.14%
Dimensional Fund Advisors, Inc.
4.29%
State Street Corp
3.24%
FJ Capital Management LLC
3.21%

Analyst Recommendation on Independent Bank- Mich Stock

Rating

Trend

Hold

0%Buy

66%Hold

33%Sell

Based on 9 Wall street analysts offering stock ratings for Independent Bank- Mich(by analysts ranked 0 to 5 stars)

Independent Bank- Mich Share Price Target

What analysts predicted

Upside of 7.7%

Target:

$35.40

Current:

$32.87

Independent Bank- Mich share price target is $35.40, a slight Upside of 7.7% compared to current price of $32.87 as per analysts' prediction.

Independent Bank- Mich Stock Insights

Price Movement
In the last 3 years, IBCP stock has moved up by 59.8%
Increasing Revenue
Revenue is up for the last 2 quarters, 74.72M → 76.33M (in $), with an average increase of 2.1% per quarter
Increasing Net Profit
Netprofit is up for the last 2 quarters, 15.59M → 16.87M (in $), with an average increase of 7.6% per quarter
IBCP vs MFG (1 yr)
In the last 1 year, Mizuho Financial Group, Inc. has given 58.9% return, outperforming this stock by 61.8%
IBCP vs NU (3 yr)
In the last 3 years, Nu Holdings Ltd. has given 187.4% return, outperforming this stock by 127.6%
Price to Sales
ForIBCP every $1 of sales, investors are willing to pay $3.2, whereas for Mizuho Financial Group, Inc., the investors are paying $0.0 for every $1 of sales.

Independent Bank Corp - Mich Financials

Revenue

Profit

Cash Flow

Annually

Quarterly

FY19

FY20

FY21

FY22

FY23

FY24

	FY19	Y/Y Change
Revenue	$190.8M	↑ 11.64%
Net Income	$46.4M	↑ 16.56%
Net Profit Margin	24.34%	↑ 1.03%

	FY20	Y/Y Change
Revenue	$214.2M	↑ 12.28%
Net Income	$56.2M	↑ 20.93%
Net Profit Margin	26.22%	↑ 1.88%

	FY21	Y/Y Change
Revenue	$207.1M	↓ 3.3%
Net Income	$62.9M	↑ 12.01%
Net Profit Margin	30.37%	↑ 4.15%

	FY22	Y/Y Change
Revenue	$224.2M	↑ 8.26%
Net Income	$63.4M	↑ 0.73%
Net Profit Margin	28.25%	↓ 2.12%

	FY23	Y/Y Change
Revenue	$283.8M	↑ 26.58%
Net Income	$59.1M	↓ 6.76%
Net Profit Margin	20.81%	↓ 7.44%

	FY24	Y/Y Change
Revenue	$316.3M	↑ 11.45%
Net Income	$66.8M	↑ 13.07%
Net Profit Margin	21.11%	↑ 0.3%

Q1 FY24

Q2 FY24

Q3 FY24

Q4 FY24

Q1 FY25

Q2 FY25

	Q1 FY24	Q/Q Change
Revenue	$76.2M	↑ 4.48%
Net Income	$16.0M	↑ 16.36%
Net Profit Margin	21.0%	↑ 2.15%

	Q2 FY24	Q/Q Change
Revenue	$79.7M	↑ 4.72%
Net Income	$18.5M	↑ 15.87%
Net Profit Margin	23.23%	↑ 2.23%

	Q3 FY24	Q/Q Change
Revenue	$76.0M	↓ 4.65%
Net Income	$13.8M	↓ 25.46%
Net Profit Margin	18.16%	↓ 5.07%

	Q4 FY24	Q/Q Change
Revenue	$84.5M	↑ 11.17%
Net Income	$18.5M	↑ 33.68%
Net Profit Margin	21.84%	↑ 3.68%

	Q1 FY25	Q/Q Change
Revenue	$74.7M	↓ 11.6%
Net Income	$15.6M	↓ 15.55%
Net Profit Margin	20.86%	↓ 0.98%

	Q2 FY25	Q/Q Change
Revenue	$76.3M	↑ 2.15%
Net Income	$16.9M	↑ 8.26%
Net Profit Margin	22.11%	↑ 1.25%

FY19

FY20

FY21

FY22

FY23

FY24

	FY19	Y/Y Change
Profit	$163.3M	↑ 7.55%

	FY20	Y/Y Change
Profit	$185.3M	↑ 13.41%

	FY21	Y/Y Change
Profit	$199.5M	↑ 7.7%

	FY22	Y/Y Change
Profit	$198.8M	↓ 0.37%

	FY23	Y/Y Change
Profit	$193.8M	↓ 2.5%

	FY24	Y/Y Change
Profit	$211.7M	↑ 9.21%

Q1 FY24

Q2 FY24

Q3 FY24

Q4 FY24

Q1 FY25

Q2 FY25

	Q1 FY24	Q/Q Change
Profit	$51.1M	↑ 6.72%

	Q2 FY24	Q/Q Change
Profit	$54.9M	↑ 7.32%

	Q3 FY24	Q/Q Change
Profit	$48.0M	↓ 12.61%

	Q4 FY24	Q/Q Change
Profit	$57.9M	↑ 20.65%

	Q1 FY25	Q/Q Change
Profit	$51.4M	↓ 11.22%

	Q2 FY25	Q/Q Change
Profit	$53.0M	↑ 3.12%

FY19

FY20

FY21

FY22

FY23

FY24

	FY19	Y/Y Change
Operating Cash Flow	$34.5M	↓ 23.22%
Investing Cash Flow	$-182.2M	↓ 0.66%
Financing Cash Flow	$142.7M	↓ 7.29%

	FY20	Y/Y Change
Operating Cash Flow	$58.7M	↑ 70.14%
Investing Cash Flow	$-553.9M	↑ 204.09%
Financing Cash Flow	$548.6M	↑ 284.4%

	FY21	Y/Y Change
Operating Cash Flow	$110.2M	↑ 87.71%
Investing Cash Flow	$-563.1M	↑ 1.65%
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%

	FY23	Y/Y Change
Operating Cash Flow	$75.6M	↓ 20.12%
Investing Cash Flow	$-162.9M	↓ 61.62%
Financing Cash Flow	$182.8M	↓ 38.02%

	FY24	Y/Y Change
Operating Cash Flow	$63.2M	↓ 16.45%
Investing Cash Flow	$-118.2M	↓ 27.49%
Financing Cash Flow	$5.1M	↓ 97.2%

Q1 FY24

Q2 FY24

Q3 FY24

Q4 FY24

Q1 FY25

Q2 FY25

	Q1 FY24	Q/Q Change
Operating Cash Flow	$20.8M	↑ 24.0%
Investing Cash Flow	$17.7M	↓ 362.21%
Financing Cash Flow	$-46.5M	↓ 243.99%

	Q2 FY24	Q/Q Change
Operating Cash Flow	$8.7M	↓ 58.01%
Investing Cash Flow	$16.9M	↓ 4.73%
Financing Cash Flow	$26.9M	↓ 157.9%

	Q3 FY24	Q/Q Change
Operating Cash Flow	$17.2M	↑ 96.66%
Investing Cash Flow	$-67.5M	↓ 500.35%
Financing Cash Flow	$-42.5M	↓ 258.03%

	Q4 FY24	Q/Q Change
Operating Cash Flow	$16.4M	↓ 4.84%
Investing Cash Flow	$-85.2M	↑ 26.31%
Financing Cash Flow	$67.2M	↓ 258.02%

	Q1 FY25	Q/Q Change
Operating Cash Flow	$31.7M	↑ 93.65%
Investing Cash Flow	$3.3M	↓ 103.91%
Financing Cash Flow	$-26.8M	↓ 139.85%

	Q2 FY25	Q/Q Change
Operating Cash Flow	$19.0M	↓ 40.16%
Investing Cash Flow	$-70.6M	↓ 2218.72%
Financing Cash Flow	$69.7M	↓ 360.3%

Independent Bank- Mich Technicals Summary

Sell

Neutral

Buy

Independent Bank- Mich is currently in a neutral trading position according to technical analysis indicators.

Independent Bank Corp - Mich Vs Peers

Returns

Ratio's

Overview

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Independent Bank Corp - Mich	9.34%	-2.46%	-3.43%	61.43%	118.6%
Nu Holdings Ltd.	21.07%	41.31%	-0.3%	201.94%	43.22%
U.s. Bancorp	8.7%	5.69%	5.35%	6.54%	33.2%
Icici Bank Ltd.	-5.79%	13.84%	7.66%	44.65%	191.82%
Pnc Financial Services Group, Inc.	9.05%	9.5%	12.46%	30.95%	85.92%
Mizuho Financial Group, Inc.	12.03%	17.2%	56.26%	191.19%	141.24%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Independent Bank Corp - Mich	10.77	10.77	2.33	3.2	0.14	0.01	0.03	22.65
Nu Holdings Ltd.	31.43	31.43	NA	0.61	0.28	0.04	NA	1.98
U.s. Bancorp	11.64	11.64	1.8	4.38	0.12	0.01	0.04	35.02
Icici Bank Ltd.	18.89	18.89	0.0	1.52	0.18	0.02	0.01	461.87
Pnc Financial Services Group, Inc.	14.19	14.19	2.27	15.53	0.11	0.01	0.03	131.61
Mizuho Financial Group, Inc.	13.9	13.9	1.33	0.0	0.08	0.0	0.03	4217.53

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Independent Bank Corp - Mich	Hold	$682.8M	118.6%	10.77	29.77%
Nu Holdings Ltd.	Buy	$71.4B	43.22%	31.43	39.32%
U.s. Bancorp	Hold	$75.7B	33.2%	11.64	27.0%
Icici Bank Ltd.	Buy	$115.4B	191.82%	18.89	25.74%
Pnc Financial Services Group, Inc.	Buy	$81.7B	85.92%	14.19	29.23%
Mizuho Financial Group, Inc.	Buy	$83.1B	141.24%	13.9	22.79%

About Independent Bank Corp - Mich

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

Organization	Independent Bank- Mich
Employees	732
CEO	Mr. William Bradford Kessel CPA
Industry	Finance

Key Management of Independent Bank Corp - Mich

Name	Title
Mr. William Bradford Kessel CPA	President, CEO & Director
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
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. Larry Russ Daniel Jr.	Executive Vice President of Operations & Retail Banking
Ms. Darcy J. Benjamin	Accounting Officer

Important FAQs about investing in IBCP Stock from India :

What is Independent Bank- Mich share price today?

Independent Bank- Mich share price today is $32.87 as on August 30, 2025 at 1:29 am IST at the close of the market. Independent Bank- Mich share today touched a day high of $32.90 and a low of $32.87.

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

Independent Bank- Mich share touched a 52 week high of $40.32 and a 52 week low of $26.75. Independent Bank- Mich stock price today i.e. August 30, 2025 at 1:29 am IST is closed at $32.87, lower by 18.48% versus the 52 week high.

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

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 .
Step 2: Search for Independent Bank- Mich on INDmoney app. Click on Buy button. You can invest as low as $1.5 in Independent Bank- Mich Shares that will get you 0.0456 shares as per Independent Bank- Mich share price of $32.87 per share as on August 30, 2025 at 1:29 am IST.

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

Indian investors can start investing in Independent Bank- Mich (IBCP) shares with as little as ₹88.286 or $1 (as of August 31, 2025) using the INDmoney app.
For example: If you want to invest $10 or ₹882.86 in Independent Bank- Mich stock (as per the Rupee-Dollar exchange rate as on August 31, 2025). Based on Independent Bank- Mich share’s latest price of $32.87 as on August 30, 2025 at 1:29 am IST, you will get 0.3042 shares of Independent Bank- Mich. Learn more about fractional shares .

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

Independent Bank- Mich stock has given 118.6% share price returns and 20.51% 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?