Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
IBCP
BuyFull HouseIndependent Bank Corporation · Financial Services · United States · $759M · Avg Vol: $6M/d
COMPANY DESCRIPTION
Independent Bank Corporation is the bank holding company for Independent Bank, a full-service regional bank operating across Michigan's Lower Peninsula. The bank provides a comprehensive suite of commercial, retail, and mortgage banking services, with a strong emphasis on local relationship lending. Its competitive moat is sustained by a low-cost deposit base, a highly diversified loan portfolio, and a long-standing reputation for community-focused service.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 204.8M | 200.5M | 215.8M | 218.3M | 2.2% | 230.8M | 268.7M | 295.8M | 16.4% |
| EPS | 3.00 | 2.82 | 3.20 | 3.30 | 3.2% | 3.45 | 3.56 | 3.92 | 8.9% |
| Shares | 21.1M | 20.8M | 20.9M | 20.5M | -2.4% | 20.6M | — | — | — |
| Debt | 165.1M | 129.3M | 124.4M | 116.9M | -10.9% | 187.4M | — | — | — |
| Equity | 347.6M | 404.4M | 454.7M | 503.0M | 13.1% | — | — | — | — |
| Op CF | 94.6M | 75.6M | 63.2M | 76.7M | -6.8% | 49.4M | — | — | — |
| Inv CF | -424.6M | -162.9M | -118.2M | -122.5M | — | — | — | — | — |
| Fin CF | 294.9M | 182.8M | 5.1M | 64.3M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of IBCP are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| IBCP | Independent Bank Corporation(you) | $759M | 68 | Buy |
| RCBC | River City Bank | $712M | 67 | Buy |
| BCAL | California BanCorp | $684M | 67 | Buy |
| BHB | Bar Harbor Bankshares | $661M | 67 | Buy |
| KRNY | Kearny Financial Corp. | $638M | 67 | Buy |
| PGC | Peapack-Gladstone Financial Corporation | $800M | 65 | Hold |
| FCBC | First Community Bankshares, Inc. | $925M | 67 | Buy |
| SMBC | Southern Missouri Bancorp, Inc. | $815M | 65 | Hold |
| HTB | HomeTrust Bancshares, Inc. | $776M | 63 | Hold |
| SPFI | South Plains Financial, Inc. | $823M | 64 | Hold |
Peer medians: ROE 9.5% · P/E 13.1x · Gross margin 100.0%