Independent Bank CorporationIBCP

$34.31+0.04 (+0.12%)
NASDAQFinancial Services24:00 UTC

Company snapshot

Market Cap
$713M
Small-cap
+116%
2016 — today
10-Year Price
+129%
2016 — today
52-Week Range
$30.08$36.97
Current $34.31· 61%

As the holding company for Independent Bank, Independent Bank Corporation provides diverse banking services to both individual consumers and businesses. Its comprehensive suite of offerings includes checking and savings accounts, commercial lending, direct and indirect consumer financing, and mortgage solutions, along with safe deposit boxes. Customers also benefit from accessible automatic teller machines, internet banking, and mobile banking capabilities. The company further diversifies its portfolio with title insurance, insurance brokerage, and investment services. Headquartered in Grand Rapids, Michigan, and founded in 1864, Independent Bank Corporation reaches its clientele through roughly 59 branches, two drive-through facilities, and seven loan production offices across Michigan, in addition to two loan production offices in Ohio.

Valuation in context

P/E ratio
10.2
Around average
Around the 10-year average
P/B ratio
1.4
Around average
Around the 10-year average
EV / EBITDA
8.0
Above average
Pricier than usual over the last 10 years
Dividend Yield
3.2%
Below average
Below the 10-year average
PEG ratio
85.5
Near historic high
Near historic highs — last 10 years
FCF Yield
3.6%
Near historic low
Near historic low — last 10 years
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