CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English
Country • Select Country
    Entity • The products and services listed on this website are not available to US residents.
    English العَرَبِيَّة Deutsch ελληνικά Español Français Italiano Magyar Nederlands Polski Română Русский 简体中文 繁體中文

    Trade Independent Bank Corp - IBCP CFD

    18.02
    0.5%
    0.12
    Low: 17.75
    High: 18.26
    Market Trading Hours* (UTC) Opens on Friday at 13:30

    Mon - Fri: 13:30 - 20:00

    • Summary
    • Historical Data
    • Events
    • Income Statement
    • Balance Sheet
    • Cash Flow
    • Ownership
    Trading Conditions
    Spread 0.12
    Long position overnight fee

    Long position overnight fee

    Margin. Your investment $1,000.00
    Overnight fee -0.026151 %
    Charges from full value of position ($-4.97)
    Trade size with leverage ~ $20,000.00
    Money from leverage ~ $19,000.00
    Go to platform
    		-0.026151%
    Short position overnight fee

    Short position overnight fee

    Margin. Your investment $1,000.00
    Overnight fee 0.003929 %
    Charges from full value of position ($0.75)
    Trade size with leverage ~ $20,000.00
    Money from leverage ~ $19,000.00
    Go to platform
    		0.003929%
    Overnight fee time 21:00 (UTC)
    Min traded quantity 1
    Currency USD
    Margin 5%
    Stock exchange United States of America
    Commission on trade 0%

    *Information provided by Capital.com

    Independent Bank Corp (Michigan) ESG Risk Ratings

    High Medium Low Negligible

    ‘C’ score indicates satisfactory relative ESG performance and moderate degree of transparency in reporting material ESG data publicly.

    More ESG coverage

    Key Stats
    Prev. Close* 18.11
    Open* 17.75
    1-Year Change* -12.39%
    Day's Range* 17.75 - 18.26
    52 wk Range 14.90-24.97
    Average Volume (10 days) 59.22K
    Average Volume (3 months) 1.51M
    Market Cap 390.61M
    P/E Ratio 6.59
    Shares Outstanding 20.94M
    Revenue 207.79M
    EPS 2.83
    Dividend (Yield %) 4.93298
    Beta 0.97
    Next Earnings Date Oct 23, 2023

    All data is provided by Refinitiv, except for data marked with an asterisk, which is *data provided by Capital.com

    • Last Week
    • Last Month
    • Last Year
    • Last two Years
    • Max
    • Daily
    • Weekly
    • Monthly
    Date Close Change Change (%) Open High Low
    Sep 21, 2023 18.02 0.27 1.52% 17.75 18.26 17.75
    Sep 20, 2023 18.11 -0.28 -1.52% 18.39 18.52 18.10
    Sep 19, 2023 18.25 -0.30 -1.62% 18.55 18.55 18.07
    Sep 18, 2023 18.28 -0.12 -0.65% 18.40 18.67 18.25
    Sep 15, 2023 18.82 -0.36 -1.88% 19.18 19.23 18.73
    Sep 14, 2023 19.36 0.58 3.09% 18.78 19.37 18.78
    Sep 13, 2023 18.75 -0.06 -0.32% 18.81 18.96 18.52
    Sep 12, 2023 18.78 0.13 0.70% 18.65 19.09 18.65
    Sep 11, 2023 18.84 0.64 3.52% 18.20 18.96 18.20
    Sep 8, 2023 18.74 0.31 1.68% 18.43 18.88 18.39
    Sep 7, 2023 18.61 0.46 2.53% 18.15 18.69 18.15
    Sep 6, 2023 18.57 -0.15 -0.80% 18.72 19.14 18.50
    Sep 5, 2023 18.99 0.02 0.11% 18.97 19.11 18.91
    Sep 1, 2023 19.41 0.37 1.94% 19.04 19.60 19.04
    Aug 31, 2023 19.03 0.26 1.39% 18.77 19.06 18.77
    Aug 30, 2023 18.81 0.38 2.06% 18.43 18.88 18.43
    Aug 29, 2023 18.94 0.51 2.77% 18.43 19.15 18.43
    Aug 28, 2023 18.98 0.54 2.93% 18.44 19.14 18.43
    Aug 25, 2023 18.70 -0.16 -0.85% 18.86 19.12 18.43
    Aug 24, 2023 18.85 0.41 2.22% 18.44 19.07 18.44

    Independent Bank Corp Events

    Time (UTC) Country Event
    Monday, October 23, 2023

    Time (UTC)

    12:00

    Country

    US

    Event

    Q3 2023 Independent Bank Corp (Michigan) Earnings Release
    Q3 2023 Independent Bank Corp (Michigan) Earnings Release

    Forecast

    -

    Previous

    -
    Wednesday, January 24, 2024

    Time (UTC)

    13:30

    Country

    US

    Event

    Q4 2023 Independent Bank Corp (Michigan) Earnings Release
    Q4 2023 Independent Bank Corp (Michigan) Earnings Release

    Forecast

    -

    Previous

    -
    View all events
    • Annual
    • Quarterly
    2022 2021 2020 2019 2018
    Net Income Before Taxes 77.788 77.313 69.481 57.76 49.133
    Net Income After Taxes 63.351 62.895 56.152 46.435 39.839
    Net Income Before Extra. Items 63.351 62.895 56.152 46.435 39.839
    Net Income 63.351 62.895 56.152 46.435 39.839
    Income Available to Common Excl. Extra. Items 63.351 62.895 56.152 46.435 39.839
    Income Available to Common Incl. Extra. Items 63.351 62.895 56.152 46.435 39.839
    Diluted Net Income 63.351 62.895 56.152 46.435 39.839
    Diluted Weighted Average Shares 21.296 21.807 22.221 23.183 23.769
    Diluted EPS Excluding Extraordinary Items 2.97478 2.88417 2.52698 2.00298 1.67609
    Dividends per Share - Common Stock Primary Issue 0.88 0.84 0.8 0.72 0.6
    Diluted Normalized EPS 2.97478 2.88417 2.98025 2.00298 1.79429
    Interest Income, Bank 169.008 138.08 139.829 148.928 130.773
    Total Interest Expense 19.447 8.315 16.217 26.347 17.491
    Net Interest Income 149.561 129.765 123.612 122.581 113.282
    Loan Loss Provision 5.341 -1.928 0.824 1.503
    Net Interest Income after Loan Loss Provision 144.22 131.693 123.612 121.757 111.779
    Non-Interest Income, Bank 61.61 76.261 80.35 47.736 44.815
    Non-Interest Expense, Bank -128.042 -130.641 -134.481 -111.733 -107.461
    Total Extraordinary Items
    Jun 2023 Mar 2023 Dec 2022 Sep 2022 Jun 2022
    Net Income Before Taxes 18.202 15.875 18.589 21.247 15.88
    Net Income After Taxes 14.79 12.991 15.086 17.297 13.001
    Net Income Before Extra. Items 14.79 12.991 15.086 17.297 13.001
    Net Income 14.79 12.991 15.086 17.297 13.001
    Income Available to Common Excl. Extra. Items 14.79 12.991 15.086 17.297 13.001
    Income Available to Common Incl. Extra. Items 14.79 12.991 15.086 17.297 13.001
    Diluted Net Income 14.79 12.991 15.086 17.297 13.001
    Diluted Weighted Average Shares 21.223 21.297 21.266 21.252 21.266
    Diluted EPS Excluding Extraordinary Items 0.69689 0.60999 0.7094 0.8139 0.61135
    Dividends per Share - Common Stock Primary Issue 0.23 0.23 0.22 0.22 0.22
    Diluted Normalized EPS 0.69689 0.60999 0.7094 0.8139 0.61135
    Interest Income, Bank 57.948 53.936 50.978 44.925 38.364
    Total Interest Expense 19.598 15.495 10.376 5.028 2.303
    Net Interest Income 38.35 38.441 40.602 39.897 36.061
    Loan Loss Provision 3.317 2.16 1.39 3.145 2.379
    Net Interest Income after Loan Loss Provision 35.033 36.281 39.212 36.752 33.682
    Non-Interest Income, Bank 15.358 10.488 11.401 16.786 14.552
    Non-Interest Expense, Bank -32.189 -30.894 -32.024 -32.291 -32.354
    • Annual
    • Quarterly
    2022 2021 2020 2019 2018
    Total Assets 4999.79 4704.74 4204.01 3564.69 3353.28
    Property/Plant/Equipment, Total - Net 41.437 42.885 43.773 46.693 38.777
    Property/Plant/Equipment, Total - Gross 159.457 157.491 154.479 154.317 143.267
    Accumulated Depreciation, Total -118.02 -114.606 -110.706 -107.624 -104.49
    Intangibles, Net 45.04 29.568 21.21 24.497 27.815
    Other Long Term Assets, Total 4.345 2.072 5.779
    Other Assets, Total 179.019 110.838 110.756 92.044 91.237
    Accrued Expenses 108.023 80.208 68.319 49.696 35.771
    Total Liabilities 4652.19 4306.26 3814.49 3214.52 3014.29
    Total Long Term Debt 79.099 78.958 78.817 39.462 39.392
    Long Term Debt 79.099 78.958 78.817 39.462 39.392
    Other Liabilities, Total
    Total Equity 347.596 398.484 389.522 350.169 338.994
    Preferred Stock - Non Redeemable, Net 0 0 0
    Common Stock 320.991 323.401 339.353 352.344 377.372
    Retained Earnings (Accumulated Deficit) 119.368 74.582 40.145 1.611 -28.27
    Unrealized Gain (Loss) -92.763 0.501 10.024 -2.059 -9.983
    Total Liabilities & Shareholders’ Equity 4999.79 4704.74 4204.01 3564.69 3353.28
    Total Common Shares Outstanding 21.064 21.171 21.8538 22.4816 23.5797
    Other Equity, Total -1.727 -0.125
    Goodwill, Net 28.3 28.3 28.3 28.3 28.3
    Mar 2023 Dec 2022 Sep 2022 Jun 2022 Mar 2022
    Total Assets 5138.93 4999.79 4931.38 4826.21 4761.98
    Property/Plant/Equipment, Total - Net 40.783 41.437 41.793 42.107 43.454
    Goodwill, Net 28.3 28.3 28.3 28.3 28.3
    Intangibles, Net 44.338 45.04 45.855 42.348 39.037
    Other Assets, Total 167.544 179.019 175.636 152.636 135.629
    Accrued Expenses 97.313 108.023 106.277 99.973 92.045
    Total Liabilities 4771.22 4652.19 4599.07 4495.08 4406.53
    Total Long Term Debt 79.158 79.099 79.064 79.028 78.991
    Long Term Debt 79.158 79.099 79.064 79.028 78.991
    Total Equity 367.714 347.596 332.308 331.134 355.449
    Preferred Stock - Non Redeemable, Net 0 0 0 0 0
    Common Stock 321.026 320.991 320.437 319.885 321.981
    Retained Earnings (Accumulated Deficit) 127.499 119.368 108.916 96.252 87.882
    Unrealized Gain (Loss) -80.811 -92.763 -97.045 -85.003 -54.414
    Total Liabilities & Shareholders’ Equity 5138.93 4999.79 4931.38 4826.21 4761.98
    Total Common Shares Outstanding 21.1383 21.064 21.0639 21.0492 21.1682
    • Annual
    • Quarterly
    2022 2021 2020 2019 2018
    Net income/Starting Line 63.351 62.895 56.152 46.435 39.839
    Cash From Operating Activities 94.632 110.154 58.684 34.492 44.921
    Cash From Operating Activities 10.827 12.13 9.161 6.059 6.033
    Deferred Taxes -0.359 1.912 -2.13 1.088 9.294
    Non-Cash Items -2.012 -5.91 3.666 -1.082 -2.313
    Cash Taxes Paid 10.04 14.059 15.5 9.534 0.12
    Cash Interest Paid 17.657 8.419 16.912 26.697 16.737
    Changes in Working Capital 22.825 39.127 -8.165 -18.008 -7.932
    Cash From Investing Activities -424.592 -563.064 -553.908 -182.154 -183.367
    Capital Expenditures -5.679 -5.837 -4.383 -4.936 -3.862
    Other Investing Cash Flow Items, Total -418.913 -557.227 -549.525 -177.218 -179.505
    Cash From Financing Activities 294.858 443.678 548.625 142.722 153.952
    Financing Cash Flow Items 256.359 479.044 566.217 160.274 187.021
    Total Cash Dividends Paid -18.565 -18.155 -17.618 -16.554 -14.055
    Issuance (Retirement) of Stock, Net -3.933 -17.208 -14.216 -26 -12.414
    Issuance (Retirement) of Debt, Net 60.997 -0.003 14.242 25.002 -6.6
    Net Change in Cash -35.102 -9.232 53.401 -4.94 15.506
    Mar 2023 Dec 2022 Sep 2022 Jun 2022 Mar 2022
    Net income/Starting Line 12.991 63.351 48.265 30.968 17.967
    Cash From Operating Activities 23.559 94.632 95.368 61.125 38.571
    Cash From Operating Activities 2.425 10.827 8.34 5.734 2.868
    Deferred Taxes 1.436 -0.359 1.922 2.68 2.174
    Non-Cash Items 0.729 -2.012 -3.31 -3.814 -0.603
    Cash Taxes Paid 0 10.04 5.04 3.94 0
    Cash Interest Paid 13.697 17.657 8.11 3.95 1.104
    Changes in Working Capital 5.978 22.825 40.151 25.557 16.165
    Cash From Investing Activities 4.78 -424.592 -382.361 -266.226 -120.03
    Capital Expenditures -1.325 -5.679 -3.969 -2.966 -2.381
    Other Investing Cash Flow Items, Total 6.105 -418.913 -378.392 -263.26 -117.649
    Cash From Financing Activities 124.309 294.858 248.152 155.114 81.807
    Financing Cash Flow Items 190.098 256.359 229.321 167.892 87.848
    Total Cash Dividends Paid -4.86 -18.565 -13.931 -9.298 -4.667
    Issuance (Retirement) of Stock, Net 0.048 -3.933 -3.936 -3.978 -1.371
    Issuance (Retirement) of Debt, Net -60.977 60.997 36.698 0.498 -0.003
    Net Change in Cash 152.648 -35.102 -38.841 -49.987 0.348

    Trading calculator

    Calculate your hypothetical P&L if you had opened a CFD trade on a certain date (select a date) and closed on a different date (select a date).

    Trade commission
    0
    • 1:1
    Leverage
    1:1
    • 20
    • 100
    • 500
    • 1000
    • 10000
    Investment
    Trade size (Leverage x Investement):
    Open

    Close

    Short Long
    Past performance is not a reliable indicator of future results For the avoidance of doubt, this calculation does not include the costs of holding a position overnight (for which there will be additional charges)
    Profit/Loss

    For the avoidance of doubt, this calculation does not include the costs of holding a position overnight (for which there will be additional charges)

    Independent Bank Corp Company profile

    About Independent Bank Corp (Michigan)

    Independent Bank Corporation is a bank holding company. The Company provides banking services to customers located primarily in Michigan’s Lower Peninsula. The Company is engaged in bank transacts business in the single industry of commercial banking. It offers a range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. Its principal markets are the rural and suburban communities across Lower Michigan, which are served by the bank's main office in Grand Rapids, Michigan, and a total of approximately 51 branches. It also has two loan production offices in Columbus and Fairlawn, Ohio. The Company’s many bank's branches provide full-service lobby and drive-thru services, as well as automatic teller machines (ATMs). In addition, it provides Internet and mobile banking capabilities to the customers.

    Financial summary

    BRIEF: For the fiscal year ended 31 December 2021, Independent Bank Corp (Michigan) interest income decreased 1% to $138.1M. Net interest income after loan loss provision increased 7% to $131.7M. Net income increased 12% to $62.9M. Net interest income after loan loss provision reflects Tax-exempt-Interest on securities increase from $2.9M to $6.1M, Taxable increase of 14% to $14.5M.

    Equity composition

    Common Stock $10 Par, 5/11, 500M auth., 8,274,057 issd. Insiders own 94.29%. Preferred Stock no Par, 200K auth., Ser. A none issd. Preferred Stock no Par, 200K auth., Ser. B 74,426 issd. 12/10, 1-for-10 reverse split.

    Industry: Banks (NEC)

    4200 E Beltline Ave
    GRAND RAPIDS
    MICHIGAN 49525
    US

    Income Statement

    • Annual
    • Quarterly

    News

    EUR/USD tests key support

    EUR/USD is currently testing a key support level after the Federal Reserve indicated a potential extension of higher interest rates.

    14:32, 21 September 2023
    Bank of England building

    BoE leaves rates unchanged, GBP drops further as investors look for more clarity

    The Bank of England has left rates unchanged at 5.25% with a 5-4 vote split after CPI dropped more than expected in August

    11:45, 21 September 2023
    British banknotes and coins photographed directly above. The coins are in a stack, placed on top of the banknotes.

    GBP softer after CPI surprise, JPY focused on any further hints from Ueda

    GBP drops after a softer CPI reading scares investors about the BoE intentions. JPY on the lookout for further policy tweaks from Governor Ueda.

    12:42, 20 September 2023

    How to Trade The Break & Retest

    In this week's instalment, we delve into the Break & Retest pattern—a strategic approach to navigating breakout trades. If you've wrestled with the frustration of false breakouts, incorporating this pattern into your trading toolkit may help you overcome this challenge and put you on the path to becoming a more confident and consistent trader.

    11:59, 20 September 2023

    Cable coils near lows ahead of Fed and BoE rate decisions

    It’s a big week for Cable (GBP/USD) as both the Federal Reserve and the Bank of England are set to make crucial rate decisions.

    14:16, 19 September 2023

    FTSE 100 Technical Outlook - 18 September 2023

    In prior technical outlooks, we highlighted the importance of staying alert in sleepy markets, and last Thursday’s developments on the FTSE 100 serve as a prime illustration of this principle.

    06:55, 19 September 2023
    View of the City of London’s illuminated financial district skyline at dusk

    Market Analysis: FTSE 100 boosted by ECB rate hike end and iron ore rally

    The FTSE 100 rose over 2% on Thursday as the ECB announced no more rate hikes for now.

    13:46, 15 September 2023

    People also watch

    XRP/USD

    0.52 Price
    +0.910% 1D Chg, %
    Long position overnight fee -0.0753%
    Short position overnight fee 0.0069%
    Overnight fee time 21:00 (UTC)
    Spread 0.01192

    US100

    14,733.50 Price
    +0.390% 1D Chg, %
    Long position overnight fee -0.0262%
    Short position overnight fee 0.0039%
    Overnight fee time 21:00 (UTC)
    Spread 1.8

    ETH/USD

    1,596.76 Price
    +0.400% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 21:00 (UTC)
    Spread 5.40

    BTC/USD

    26,690.70 Price
    +0.190% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 21:00 (UTC)
    Spread 85.00

    Still looking for a broker you can trust?

    Join the 555.000+ traders worldwide that chose to trade with Capital.com

    1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading