Independent Bank CorpIBCP
IBCP
About: Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad 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. It also provides internet and mobile banking capabilities to its customers.
Employees: 834
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
9% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 56
1.48% less ownership
Funds ownership: 84.38% [Q4 2024] → 82.9% (-1.48%) [Q1 2025]
4% less funds holding
Funds holding: 172 [Q4 2024] → 165 (-7) [Q1 2025]
13% less capital invested
Capital invested by funds: $614M [Q4 2024] → $535M (-$78.7M) [Q1 2025]
23% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 22
100% less funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 0 (-1) [Q1 2025]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$35
14%
upside
Avg. target
$36
16%
upside
High target
$36
18%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Piper Sandler Nathan Race | 18%upside $36 | Neutral Maintained | 28 Apr 2025 |
Keefe, Bruyette & Woods Damon Delmonte | 14%upside $35 | Market Perform Maintained | 25 Apr 2025 |
Financial journalist opinion
Positive
Zacks Investment Research
2 weeks ago
What Makes Independent Bank (IBCP) a New Buy Stock
Independent Bank (IBCP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Neutral
Seeking Alpha
1 month ago
Independent Bank Corporation (IBCP) Q1 2025 Earnings Call Transcript
Independent Bank Corporation (NASDAQ:IBCP ) Q1 2025 Earnings Conference Call April 24, 2025 11:00 AM ET Company Participants Brad Kessel - President & Chief Executive Officer Joel Rahn - Executive President, Commercial Banking Gavin Mohr - Executive Vice President & Chief Financial Officer Conference Call Participants Brendan Nosal - Hovde Group Peter Winter - D.A. Davidson Damon DelMonte - KBW Nathan Race - Piper Sandler Operator Hello everyone and welcome to the Independent Bank Corporation Reports 2025 First Quarter Results.
Neutral
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About Independent Bank (IBCP) Q1 Earnings
While the top- and bottom-line numbers for Independent Bank (IBCP) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Independent Bank (IBCP) Beats Q1 Earnings Estimates
Independent Bank (IBCP) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.76 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Independent Bank Corporation Reports 2025 First Quarter Results
First Quarter Highlights Highlights for the first quarter of 2025 include: Increase in net interest income of $0.8 million (or 1.9% ) over the fourth quarter of 2024; Increase in tangible book value per share of $2.43 (13.2%) from March 31, 2024; Net growth in core deposits of $9.1 million (or 0.8% annualized) from December 31, 2024; Net growth in loans of $33.9 million (or 3.4% annualized) from December 31, 2024; and The payment of a 26 cent per share dividend on common stock on February 14, 2025. GRAND RAPIDS, Mich.
Neutral
GlobeNewsWire
1 month ago
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., April 22, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 26 cents per share. This dividend is payable on May 15, 2025, to shareholders of record on May 5, 2025.
Neutral
GlobeNewsWire
2 months ago
Independent Bank Corporation Announces Date for Its First Quarter 2025 Earnings Release
GRAND RAPIDS, Mich., March 28, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2025 first quarter results on Thursday, April 24, 2025, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company's website.
Positive
Zacks Investment Research
3 months ago
Best Value Stocks to Buy for March 13th
ENS, IBCP and MRX made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 13, 2025.
Positive
Zacks Investment Research
3 months ago
New Strong Buy Stocks for March 4th
OPCH, LMAT, C, FFIN and IBCP have been added to the Zacks Rank #1 (Strong Buy) List on March 4, 2025.
Positive
Zacks Investment Research
3 months ago
Best Income Stocks to Buy for March 4th
IBCP, FFIN and C made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 4, 2025.
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