Independent Bank Corporation (IBCP) Up 0.70%: What Happened?
Independent Bank Corporation (IBCP) stock is up 0.70% in the last day. For details on what happened in the market, see our analysis.
07:00, 24 June 2022Trade Independent Bank Corp - IBCP CFD
Independent Bank Corp live chart
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- Summary
- Historical Data
Trading Conditions
- Long position overnight fee
- -0.0225%
- Short position overnight fee
- -0.0219%
- Overnight fee time
- 21:00 (UTC)
- Min traded quantity
- 1
- Currency
- USD
- Margin
- 20%
- Stock exchange
- United States of America
- Commission on trade
- 0%
- Last Week
- Last Month
- Last Year
- Last two Years
- Max
- Daily
- Weekly
- Monthly
| Date | Close | Change | Change (%) | Open | High | Low |
|---|---|---|---|---|---|---|
| Jun 23, 2022 | 18.54 | 0.10 | 0.54% | 18.44 | 18.96 | 18.33 |
| Jun 22, 2022 | 18.88 | 0.46 | 2.50% | 18.42 | 18.99 | 18.12 |
| Jun 21, 2022 | 18.72 | -0.10 | -0.53% | 18.82 | 19.11 | 18.59 |
| Jun 17, 2022 | 18.68 | 0.56 | 3.09% | 18.12 | 18.69 | 18.12 |
| Jun 16, 2022 | 18.24 | -0.18 | -0.98% | 18.42 | 18.42 | 18.03 |
| Jun 15, 2022 | 18.70 | 0.49 | 2.69% | 18.21 | 18.88 | 18.21 |
| Jun 14, 2022 | 18.31 | 0.45 | 2.52% | 17.86 | 18.36 | 17.85 |
| Jun 13, 2022 | 17.90 | -0.18 | -1.00% | 18.08 | 18.27 | 17.80 |
| Jun 10, 2022 | 18.27 | 0.12 | 0.66% | 18.15 | 18.35 | 17.92 |
| Jun 9, 2022 | 18.45 | -0.50 | -2.64% | 18.95 | 18.97 | 18.37 |
| Jun 8, 2022 | 19.14 | -0.19 | -0.98% | 19.33 | 19.33 | 18.95 |
| Jun 7, 2022 | 19.44 | -0.01 | -0.05% | 19.45 | 19.67 | 19.33 |
| Jun 6, 2022 | 19.59 | 0.25 | 1.29% | 19.34 | 19.67 | 19.26 |
| Jun 3, 2022 | 19.33 | 0.27 | 1.42% | 19.06 | 19.46 | 19.06 |
| Jun 2, 2022 | 19.54 | 0.22 | 1.14% | 19.32 | 19.55 | 19.08 |
| Jun 1, 2022 | 19.39 | -0.09 | -0.46% | 19.48 | 19.64 | 19.17 |
| May 31, 2022 | 19.77 | 0.20 | 1.02% | 19.57 | 19.78 | 19.36 |
| May 27, 2022 | 19.73 | 0.44 | 2.28% | 19.29 | 19.82 | 19.24 |
| May 26, 2022 | 19.21 | 0.17 | 0.89% | 19.04 | 19.44 | 19.04 |
| May 25, 2022 | 19.03 | 0.31 | 1.66% | 18.72 | 19.37 | 18.48 |
Content 2
Content 2
Key Stats
| Prev. Close* | 18.54 |
| Open* | 18.61 |
| Day's Range* | 18.61 - 18.61 |
| 1-Year Change* | -1.27% |
| Volume | N/A |
| Average Vol. (3m) | 1.72351 |
| 52 wk Range | N/A |
| Market Cap | 412.321 |
| P/E Ratio | 7.20017 |
| Shares Outstanding | 21.05M |
| Revenue | 140.319 |
| EPS | 2.72077 |
| Dividend (Yield %) | 4.49209 |
| Beta | 1.00059 |
| Next Earnings Date | Jul 27, 2022 |
All data is provided by Refinitiv, except for data marked with an asterisk, which is *data provided by Capital.com
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) |
Po Box 491
230 W Main St
IONIA
MICHIGAN 48846
US
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| Long position overnight fee | 0.0632% |
| Short position overnight fee | -0.0926% |
| Overnight fee time | 21:00 (UTC) |
| Spread | 0.07 |
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