Independent Bank Corp. operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers. The firm's principal markets are the rural and suburban communities across Lower Michigan. The firm generates the majority of its revenue from Interest and fees on loans.
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The chart shows the growth of an initial investment of $10,000 in Independent Bank Corp., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Independent Bank Corp. (IBCP) has returned 3.51% so far this year and 23.52% over the past 12 months. Looking at the last ten years, IBCP has achieved an annualized return of 8.44%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Independent Bank Corp. (IBCP) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.25% | -1.33% | -3.20% | 0.93% | ||||||||
| 2025 | 3.50% | -3.71% | -9.41% | -0.46% | 0.41% | 2.89% | -5.15% | 8.62% | -5.07% | -1.69% | 7.22% | 0.56% |
| 2024 | -1.51% | -4.19% | 4.36% | -1.74% | 0.16% | 7.44% | 28.58% | -2.33% | -0.63% | -1.00% | 13.58% | -7.39% |
| 2023 | -7.51% | 0.14% | -19.08% | -0.22% | -8.56% | 2.98% | 21.53% | -6.65% | -4.53% | 9.43% | 7.99% | 20.41% |
| 2022 | 2.21% | -2.86% | -6.86% | -10.31% | 0.35% | -3.16% | 9.10% | -2.19% | -6.56% | 20.85% | 5.68% | -3.63% |
| 2021 | -0.76% | 10.24% | 11.19% | 0.30% | -1.65% | -7.14% | -3.71% | -1.27% | 2.19% | 4.16% | -0.53% | 3.60% |
| 2020 | -5.65% | -8.81% | -34.24% | 19.04% | -4.69% | 7.61% | -6.21% | 6.96% | -15.69% | 18.06% | 11.83% | 6.15% |
| 2019 | 6.64% | 4.45% | -8.00% | -0.46% | -1.81% | 3.32% | -1.00% | -10.50% | 10.50% | 4.70% | -1.19% | 0.89% |
| 2018 | 2.44% | -1.08% | 0.44% | 4.37% | 8.03% | -0.20% | -3.73% | 1.63% | -5.02% | -10.77% | 3.42% | -9.20% |
| 2017 | -4.11% | 1.42% | -4.61% | 7.73% | -9.56% | 6.36% | -2.75% | -4.67% | 11.03% | -0.88% | -1.32% | -0.45% |
| 2016 | 4.92% | -2.56% | -2.16% | 6.07% | 6.88% | 2.31% | -0.18% | 12.84% | 13.91% |
The charts below present risk-adjusted performance metrics for Independent Bank Corp. (IBCP) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of IBCP compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Independent Bank Corp. volatility is 1.30%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 5.51B | 5.34B | 5.26B | 5.00B | 4.70B | 4.20B | 3.56B | 3.35B | 2.79B | 2.55B | 2.41B | 2.25B | 2.21B | 2.02B | 2.31B |
| Equity Attributable To Parent (USD) | 502.95M | 454.69M | 404.45M | 347.60M | 398.48M | 389.52M | 350.17M | 338.99M | 264.93M | 248.98M | 251.09M | 250.37M | 231.58M | 134.98M | 102.63M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity (USD) | 502.95M | 454.69M | 404.45M | 347.60M | 398.48M | 389.52M | 350.17M | 338.99M | 264.93M | 248.98M | 251.09M | 250.37M | 231.58M | 134.98M | 102.63M |
| Noncurrent Liabilities (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Liabilities (USD) | 5.00B | 4.88B | 4.86B | 4.65B | 4.31B | 3.81B | 3.21B | 3.01B | 2.52B | 2.30B | 2.16B | 2.00B | 1.98B | 1.89B | 2.20B |
| Liabilities (USD) | 5.00B | 4.88B | 4.86B | 4.65B | 4.31B | 3.81B | 3.21B | 3.01B | 2.52B | 2.30B | 2.16B | 2.00B | 1.98B | 1.89B | 2.20B |
| Intangible Assets (USD) | 1.00M | 1.49M | 2.00M | 2.55M | 3.34M | 4.31M | 5.33M | 6.42M | 1.59M | 1.93M | 2.28M | 2.63M | 3.16M | 3.98M | 7.61M |
| Fixed Assets (USD) | 38.97M | 37.49M | 35.52M | 35.89M | 36.40M | 36.13M | 38.41M | 38.78M | 39.15M | 40.18M | 43.10M | 45.95M | 48.59M | 47.02M | 62.55M |
| Noncurrent Assets (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Assets (USD) | 5.51B | 5.34B | 5.26B | 5.00B | 4.70B | 4.20B | 3.56B | 3.35B | 2.79B | 2.55B | 2.41B | 2.25B | 2.21B | 2.02B | 2.31B |
| Assets (USD) | 5.51B | 5.34B | 5.26B | 5.00B | 4.70B | 4.20B | 3.56B | 3.35B | 2.79B | 2.55B | 2.41B | 2.25B | 2.21B | 2.02B | 2.31B |
Monteverde & Associates PC, a class action securities firm, is investigating four merger and acquisition transactions: VYNE Therapeutics' merger with Yarrow Bioscience (VYNE shareholders to own 3% of combined company), Masimo Corporation's sale to Danaher ($180 per share), Independent Bank Corporation's sale to HCB Financial Corp, and HCB Financial Corp's merger with Independent Bank Corporation. The shareholder vote is scheduled for May 1, 2026.
Class action law firm Monteverde & Associates PC is investigating HCB Financial Corp.'s proposed merger with Independent Bank Corporation to determine if the deal terms are fair to shareholders. Under the proposed transaction, HCB shareholders would receive 1.5900 shares of Independent common stock and $17.51 per share.
Independent Bank Corporation announced a definitive merger agreement to acquire HCB Financial Corp. (parent of Highpoint Community Bank) for approximately $70.2 million in a cash and stock transaction. The merger combines two Michigan-based community banks, creating a combined organization with $6.1 billion in assets. The transaction is expected to close in Q3 2026 and be approximately 6% accretive to Independent's 2027 earnings per share.
Independent Bank Corporation (NASDAQ: IBCP) has announced a definitive merger agreement to acquire HCB Financial Corp. (OTCPK: HCBN), parent company of Highpoint Community Bank, in a cash and stock transaction valued at approximately $70.2 million. The combined organization will have approximately $6.1 billion in total assets. The merger is expected to close in early Q3 2026 and is projected to be 6% accretive to Independent's 2027 earnings per share.
Independent Bank Corporation (NASDAQ: IBCP) announced a 7.7% increase in its quarterly cash dividend to $0.28 per share, marking the thirteenth consecutive annual dividend increase. The dividend is payable on February 13, 2026, to shareholders of record on February 3, 2026. CEO William B. Kessel attributed the increase to the company's consistent long-term performance, robust capital position, and optimistic future outlook.
Independent Bank Corporation promoted Mike Stodolak to Executive Vice President of Retail Banking, effective following the retirement of Russ Daniel in March 2026. Stodolak brings 25 years of experience with the bank and has led retail network and consumer lending initiatives. Daniel is retiring after 27 years of service in various leadership roles.
Independent Bank Corporation (NASDAQ: IBCP) announced it will release its 2025 fourth quarter results on January 22, 2026, followed by a conference call with executives including President and CEO Brad Kessel, CFO Gavin Mohr, and EVP Commercial Banking Joel Rahn. The Michigan-based community bank with approximately $5.5 billion in total assets will provide webcast access and a replay available through January 2027.
Independent Bank Corporation authorized a share repurchase plan for 2026, allowing buyback of up to 1,100,000 shares (approximately 5% of common stock) through open market transactions, funded by cash on hand.
Independent Bank reported strong municipal deposit growth, stable net interest margin, and minimal credit concerns in Q3 2025. The bank added three experienced commercial bankers in Southeast Michigan and maintained an optimistic outlook on future asset repricing.
Independent Bank Corporation announced a quarterly cash dividend of 26 cents per share, payable on November 14, 2025, to shareholders of record on November 4, 2025.