stockportfolio.pro
Independent Bank Corporation (IBCP)
Financial Services · Banks - Regional · NasdaqGS
Independent Bank Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $27.13M | $25.95M | $24.03M | $29.10M | $204.78M | $200.48M | $215.80M | $218.33M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $22.77M | $20.48M | $39.84M | $46.44M | $56.15M | $62.90M | $63.35M | $59.07M | $66.79M | $68.54M |
| Net margin | — | — | 146.9% | 178.9% | 233.7% | 216.1% | 30.9% | 29.5% | 30.9% | 31.4% |
Source: Independent Bank Corporation SEC filings (10-K). 17 years of history available in the interactive view.
What growth is priced into IBCP stock?
At today's market cap of $718.95M, Independent Bank Corporation is priced for free-cash-flow growth of about -1.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $70.17M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 5.3%/yr over the last five fiscal years and revenue 55.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Independent Bank Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track IBCP in your portfolio →
Independent Bank Corporation financial history by metric
About Independent Bank Corporation
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.
Independent Bank Corporation — frequently asked questions
What is Independent Bank Corporation's revenue?
Independent Bank Corporation (IBCP) reported revenue of $218.33M for fiscal year 2025, up 1.2% from the prior year, according to its SEC filings.
Is Independent Bank Corporation profitable?
Yes. IBCP earned net income of $68.54M in fiscal 2025, a net margin of 31.4%.
What is IBCP's P/E ratio?
Independent Bank Corporation trades at a price-to-earnings ratio of about 10.4 based on the latest data in our nightly-refreshed cache.
How fast is Independent Bank Corporation growing?
IBCP's revenue grew at roughly 55.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Independent Bank Corporation have?
As of fiscal year 2025, IBCP carried roughly $116.87M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Independent Bank Corporation's market cap?
Independent Bank Corporation (IBCP) has a market capitalization of about $718.95M, based on the latest data in our nightly-refreshed cache.
When does Independent Bank Corporation's fiscal year end?
IBCP's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into IBCP stock?
At today's market cap of $718.95M, Independent Bank Corporation is priced for free-cash-flow growth of about -1.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $70.17M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 5.3%/yr over the last five fiscal years and revenue 55.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Independent Bank Corporation's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.