CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.1% 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.
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Trade Independent Bank Corp - IBCP CFD

25.23
1.12%
Market Trading Hours* (UTC) Opens on Monday at 13:30

Mon - Thu: 13:30 - 20:00

  • Summary
  • Historical Data
  • Events
  • Income Statement
  • Balance Sheet
  • Cash Flow
Trading сonditions
Spread 0.13
Long position overnight fee

Long position overnight fee


Margin. Your investment $1,000.00
Overnight fee -0.026179 %
Charges from full value of position ($-4.97)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
-0.026179%
Short position overnight fee

Short position overnight fee


Margin. Your investment $1,000.00
Overnight fee 0.003957 %
Charges from full value of position ($0.75)
Trade size with leverage ~ $20,000.00
Money from leverage ~ $19,000.00

Go to platform
0.003957%
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* 24.95
Open* 24.85
1-Year Change* 41.68%
Day's Range* 24.7 - 25.24
52 wk Range 14.90-26.99
Average Volume (10 days) 80.76K
Average Volume (3 months) 1.54M
Market Cap 524.34M
P/E Ratio 8.84
Shares Outstanding 20.84M
Revenue 225.29M
EPS 2.85
Dividend (Yield %) 3.6566
Beta 0.99
Next Earnings Date Jan 25, 2024

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
Mar 28, 2024 25.23 1.05 4.34% 24.18 25.33 24.02
Mar 27, 2024 24.95 1.38 5.85% 23.57 24.96 23.57
Mar 26, 2024 24.09 0.31 1.30% 23.78 24.39 23.78
Mar 25, 2024 24.32 0.21 0.87% 24.11 24.53 24.10
Mar 22, 2024 24.18 0.21 0.88% 23.97 24.59 23.97
Mar 21, 2024 24.60 0.18 0.74% 24.42 24.81 24.41
Mar 20, 2024 24.41 1.18 5.08% 23.23 24.66 23.13
Mar 19, 2024 23.50 -0.01 -0.04% 23.51 23.71 23.25
Mar 18, 2024 23.47 0.21 0.90% 23.26 23.81 23.26
Mar 15, 2024 23.87 0.48 2.05% 23.39 24.00 23.39
Mar 14, 2024 23.50 0.05 0.21% 23.45 24.03 23.37
Mar 13, 2024 24.16 0.21 0.88% 23.95 24.50 23.95
Mar 12, 2024 24.26 0.75 3.19% 23.51 24.38 23.51
Mar 11, 2024 24.40 0.48 2.01% 23.92 24.60 23.91
Mar 8, 2024 24.59 0.51 2.12% 24.08 25.12 24.08
Mar 7, 2024 24.69 0.49 2.02% 24.20 25.14 24.20
Mar 6, 2024 24.63 0.89 3.75% 23.74 24.97 23.74
Mar 5, 2024 24.61 0.75 3.14% 23.86 24.73 23.86
Mar 4, 2024 24.19 0.46 1.94% 23.73 24.84 23.65
Mar 1, 2024 24.28 0.58 2.45% 23.70 24.32 23.52

Independent Bank Corp Events

Time (UTC) Country Event
Wednesday, April 24, 2024

Time (UTC)

19:00

Country

US

Event

Independent Bank Corp (Michigan) Annual Shareholders Meeting
Independent Bank Corp (Michigan) Annual Shareholders Meeting

Forecast

-

Previous

-
Thursday, April 25, 2024

Time (UTC)

12:00

Country

US

Event

Q1 2024 Independent Bank Corp (Michigan) Earnings Release
Q1 2024 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
Sep 2023 Jun 2023 Mar 2023 Dec 2022 Sep 2022
Net Income Before Taxes 21.652 18.202 15.875 18.589 21.247
Net Income After Taxes 17.543 14.79 12.991 15.086 17.297
Net Income Before Extra. Items 17.543 14.79 12.991 15.086 17.297
Net Income 17.543 14.79 12.991 15.086 17.297
Income Available to Common Excl. Extra. Items 17.543 14.79 12.991 15.086 17.297
Income Available to Common Incl. Extra. Items 17.543 14.79 12.991 15.086 17.297
Diluted Net Income 17.543 14.79 12.991 15.086 17.297
Diluted Weighted Average Shares 21.1362 21.223 21.297 21.266 21.252
Diluted EPS Excluding Extraordinary Items 0.83 0.69689 0.60999 0.7094 0.8139
Dividends per Share - Common Stock Primary Issue 0.23 0.23 0.23 0.22 0.22
Diluted Normalized EPS 0.83 0.69689 0.60999 0.7094 0.8139
Interest Income, Bank 62.432 57.948 53.936 50.978 44.925
Total Interest Expense 23.005 19.598 15.495 10.376 5.028
Net Interest Income 39.427 38.35 38.441 40.602 39.897
Loan Loss Provision 1.35 3.317 2.16 1.39 3.145
Net Interest Income after Loan Loss Provision 38.077 35.033 36.281 39.212 36.752
Non-Interest Income, Bank 15.611 15.358 10.488 11.401 16.786
Non-Interest Expense, Bank -32.036 -32.189 -30.894 -32.024 -32.291
  • 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
Sep 2023 Jun 2023 Mar 2023 Dec 2022 Sep 2022
Total Assets 5200.02 5135.56 5138.93 4999.79 4931.38
Property/Plant/Equipment, Total - Net 40.577 41.052 40.783 41.437 41.793
Goodwill, Net 28.3 28.3 28.3 28.3 28.3
Intangibles, Net 48.198 46.705 44.338 45.04 45.855
Other Assets, Total 195.151 182.061 167.544 179.019 175.636
Accrued Expenses 110.192 103.585 97.313 108.023 106.277
Total Liabilities 4825.02 4760.4 4771.22 4652.19 4599.07
Total Long Term Debt 79.216 79.181 79.158 79.099 79.064
Long Term Debt 79.216 79.181 79.158 79.099 79.064
Total Equity 374.998 375.162 367.714 347.596 332.308
Preferred Stock - Non Redeemable, Net 0 0 0 0 0
Common Stock 317.145 318.241 321.026 320.991 320.437
Retained Earnings (Accumulated Deficit) 150.157 137.431 127.499 119.368 108.916
Unrealized Gain (Loss) -92.304 -80.51 -80.811 -92.763 -97.045
Total Liabilities & Shareholders’ Equity 5200.02 5135.56 5138.93 4999.79 4931.38
Total Common Shares Outstanding 20.8505 20.9437 21.1383 21.064 21.0639
  • 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

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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

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08:23, 8 March 2024
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