Independent Bank Corp IBCP

$35.17 -0.41 (-1.15%)

Valuation

Market cap
789,840,000
Revenue TTM
$315,380,000
Net income TTM
$68,540,000
PE ratio
10.28
Forward PE
9.86
Profit margin
21.73%
Debt to equity
0.32

Trading

Volume
152,000
Avg volume
180,284
Day's range
$35.04 – $35.85
Shares out
22,199,000
Stochastic %K
22%
Beta
0.73
Analysts
Sell
Price target
$40.20

Price

Company profile

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...

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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.

Industry
Banks - Regional
Sector
Financial Services
Phone
616 363 1207
Website
https://www.independentbank.com
Address
4200 East Beltline, Grand Rapids, United States

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