Independent Bank Corporation

Independent Bank Corporationverified

IBCP

Price:

$32.36

Market Cap:

$676.21M

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in...[Read more]

Industry

Banks - Regional

IPO Date

1985-09-04

Stock Exchange

NASDAQ

Ticker

IBCP

The Enterprise Value as of October 2024 (TTM) for Independent Bank Corporation (IBCP) is 598.09M

According to Independent Bank Corporation’s latest financial reports and current stock price. The company's current Enterprise Value is 598.09M. This represents a change of 29.07% compared to the average of 463.39M of the last 4 quarters.

Independent Bank Corporation (IBCP) Historical Enterprise Value (quarterly & annually)

How has IBCP Enterprise Value performed in the past?

The mean historical Enterprise Value of Independent Bank Corporation over the last ten years is 463.20M. The current 598.09M Enterprise Value has changed 12.81% with respect to the historical average. Over the past ten years (40 quarters), IBCP's Enterprise Value was at its highest in in the December 2022 quarter at 655.59M. The Enterprise Value was at its lowest in in the March 2016 quarter at 209.11M.

Quarterly (TTM)
Annual

Average

463.20M

Median

497.86M

Minimum

259.66M

Maximum

656.34M

Independent Bank Corporation (IBCP) Enterprise Value by Quarter and Year

Discovering the peaks and valleys of Independent Bank Corporation Enterprise Value, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 193.50%

Maximum Annual Enterprise Value = 656.34M

Minimum Annual Increase = -31.84%

Minimum Annual Enterprise Value = 259.66M

Quarterly (TTM)
Annual
YearEnterprise ValueChange
2023510.39M-22.24%
2022656.34M27.52%
2021514.72M29.97%
2020396.03M-31.84%
2019581.00M19.46%
2018486.37M-4.51%
2017509.35M20.62%
2016422.28M42.74%
2015295.84M13.93%
2014259.66M193.50%

Independent Bank Corporation (IBCP) Average Enterprise Value

How has IBCP Enterprise Value performed in the past?

The current Enterprise Value of Independent Bank Corporation (IBCP) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

560.49M

5-year avg

531.70M

10-year avg

463.20M

Independent Bank Corporation (IBCP) Enterprise Value vs. Peers

How is IBCP’s Enterprise Value compared to its peers?

Independent Bank Corporation’s Enterprise Value is greater than HMN Financial, Inc. (123.38M), greater than First Northwest Bancorp (335.20M), greater than Community West Bancshares (451.91M), greater than First Financial Northwest, Inc. (325.88M), less than Great Southern Bancorp, Inc. (1.12B), greater than Home Bancorp, Inc. (497.55M), less than Heritage Financial Corporation (1.14B), less than HomeTrust Bancshares, Inc. (626.55M), greater than Lake Shore Bancorp, Inc. (38.72M), less than First Community Corporation (0), greater than Home Federal Bancorp, Inc. of Louisiana (175.60M), greater than null (10.01M),

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