25.50

0.79% +0.20

After Hours: 25.52 0.02 +0.08%

Independent Bank Corporation (Ionia, MI) (IBCP)

Overview News Price History Option Chain Financials Discussions Forecast Stock Split Dividend History

Independent Bank Corporation (Ionia, MI) stock is currently priced at $25.50, with a 24-hour trading volume of 89,930. It has seen a +0.79% increased in the last 24 hours and a +3.83% rose in the past month. The chart indicates a potential bullish trend, as the stock is above the $25.39 pivot point. If it approaches the $25.53 resistance level, significant changes may occur.

Previous Close:

$25.30

Open:

$25.04

24h Volume:

89,930

Market Cap:

$533.01M

Revenue:

$204.28M

Net Income/Loss:

$62.07M

P/E Ratio:

9.0106

EPS:

2.83

Net Cash Flow:

$69.57M

1W Performance:

+1.84%

1M Performance:

+3.83%

6M Performance:

+22.83%

1Y Performance:

+59.08%

1D Range:

$25.04

$25.63

52W Range:

$15.19

$27.39

Independent Bank Corporation (Ionia, MI) Stock (IBCP) Company Profile

Name

Independent Bank Corporation (Ionia, MI)

Sector

Financial (4528)

Industry

Banks - Regional (374)

Phone

616-527-5820

Address

4200 East Beltline, Grand Rapids

Employee

756

Twitter

@IndependentBank

Next Earnings Date

2024-04-25

Latest SEC Filings

IBCP's Discussions on Twitter

Independent Bank Corporation (Ionia, MI) Stock (IBCP) Upgrades & Downgrades

Date	Action	Analyst	Rating Change
Dec-13-22	Downgrade	Keefe Bruyette	Outperform → Mkt Perform
Oct-02-20	Resumed	Boenning & Scattergood	Neutral
Jan-17-20	Downgrade	DA Davidson	Buy → Neutral
Jul-06-17	Initiated	DA Davidson	Neutral
Sep-23-16	Initiated	Hovde Group	Market Perform
Aug-11-15	Downgrade	FIG Partners	Outperform → Market Perform

View All

Independent Bank Corporation (Ionia, MI) Stock (IBCP) Latest News

Independent Bank Corporation Announces Appointment of Stephen L. Gulis, Jr. as Chairperson to Its Board of Directors

GlobeNewswire Inc.

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

GlobeNewswire Inc.

Old Second Bancorp (OSBC) Q1 Earnings Miss Estimates

Zacks Investment Research

Independent Bank Corporation (Ionia, MI) Stock (IBCP) Financials Data

Independent Bank Corporation (Ionia, MI) (IBCP) Revenue 2024

IBCP reported a revenue (TTM) of $204.28 million for the quarter ending March 31, 2024, a +1.35% rise year-over-year.

Independent Bank Corporation (Ionia, MI) (IBCP) Net Income 2024

IBCP net income (TTM) was $62.07 million for the quarter ending March 31, 2024, a +6.32% increase year-over-year.

Independent Bank Corporation (Ionia, MI) (IBCP) Cash Flow 2024

IBCP recorded a free cash flow (TTM) of $69.56 million for the quarter ending December 31, 2023, a -21.80% decrease year-over-year.

Independent Bank Corporation (Ionia, MI) (IBCP) Earnings per Share 2024

IBCP earnings per share (TTM) was $2.94 for the quarter ending March 31, 2024, a +7.30% growth year-over-year.

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses in Michigan. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. It also provides title insurance, investment, and insurance brokerage services. The company offers its services through approximately 61 branches, 1 drive-thru facility, and 14 loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.