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Independent Bank Corp (Michigan)

NASDAQ • Financial Services • Banks - Regional • Quote as of 10/30/2026
Independent Bank Corp (Michigan) stock price and volume chart

Company Profile

IndustryBanks - Regional
SectorFinancial Services
ExchangeNASDAQ
Market Capitalization817.68 mln
Float21.18 mln
Earnings Date01/28/2027

EPS

3.40
Solid

P / E

10.76
Fair value

Piotroski F-Score

8 / 9
Very strong

1-Year Forecast

41.20
Modest upside

Relative Strength

78 / 100
Strongly outperforming

Debt / Equity

0.08
Debt-free

Business Description

Independent Bank Corporation is a Michigan-based bank holding company founded in 1864 and headquartered in Grand Rapids. It serves customers across the United States through a broad range of personal and business banking products, including checking and savings accounts, home loans, and consumer lending. The company also helps clients manage and grow their money through investment, trust, and estate planning services. Additional offerings include insurance products, annuities, credit and debit cards, and convenient digital banking tools.

Key Fundamentals

EPS3.40
P/E10.76
ROE13.81
RPS11.54
ROIC1.33
ROA1.27
Interest Cover1.04
EBITDA, mln94.58
EV / EBITDA8.59
EV / EBIT9.19
Revenue, mln250
EV / Revenue3.25

Quote Details

Last 36.57
Change -0.53 (-1.43%)
Open 37.26
Volume 125,613
Turnover 4,593,668
Average Volume 197,760

Financial Ratios

Pre-Tax Profit Margin34
Leverage Ratio10.85
Price / Book1.43
Price / Tangible Book1.61
Price / Cash Flow21.69
Price / Free Cash Flow30.13
Debt / Equity0.08
Price / Sales3.19
PEG Ratio2.16

Financial Strength

Piotroski F-Score 8 / 9
Price to Intrinsic Value0.93
Price to Lynch Fair Value1.18
Price to Graham Number1.00
1-Year Target Price41.20
Shiller PE Ratio13.03
Short Ratio3.21
Short % of Float3.20

Price Performance & Relative Strength

Period Price Performance Relative Strength
1 Week -1.11% 36 / 100   
1 Month 2.81% 79 / 100   
2 Months -1.98% 48 / 100   
6 Months 10.52% 84 / 100   
1 Year 22.68% 81 / 100   



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