Independent Bank Corporation

Independent Bank Corporationverified

IBCP

Price:

$35.28

Market Cap:

$737.14M

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 ROE as of December 2024 (TTM) for Independent Bank Corporation (IBCP) is 14.58%

According to Independent Bank Corporation’s latest financial reports and current stock price. The company's current ROE is 14.58%. This represents a change of 299.39% compared to the average of 3.65% of the last 4 quarters.

Independent Bank Corporation (IBCP) Historical ROE (quarterly & annually)

How has IBCP ROE performed in the past?

The mean historical ROE of Independent Bank Corporation over the last ten years is 12.01%. The current 14.58% ROE has changed 21.42% with respect to the historical average. Over the past ten years (40 quarters), IBCP's ROE was at its highest in in the March 2021 quarter at 5.69%. The ROE was at its lowest in in the December 2017 quarter at 0.65%.

Quarterly (TTM)
Annual

Average

12.01%

Median

12.51%

Minimum

7.20%

Maximum

18.23%

Independent Bank Corporation (IBCP) ROE by Quarter and Year

Discovering the peaks and valleys of Independent Bank Corporation ROE, 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 = 52.06%

Maximum Annual ROE = 18.23%

Minimum Annual Increase = -78.49%

Minimum Annual ROE = 7.20%

Quarterly (TTM)
Annual
YearROEChange
202314.60%-19.87%
202218.23%15.47%
202115.78%9.49%
202014.42%8.71%
201913.26%12.84%
201811.75%52.06%
20177.73%-15.48%
20169.14%14.70%
20157.97%10.76%
20147.20%-78.49%

Independent Bank Corporation (IBCP) Average ROE

How has IBCP ROE performed in the past?

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

3-year avg

16.20%

5-year avg

15.26%

10-year avg

12.01%

Independent Bank Corporation (IBCP) ROE vs. Peers

How is IBCP’s ROE compared to its peers?

Independent Bank Corporation’s ROE is less than HMN Financial, Inc. (4.89%), greater than First Northwest Bancorp (-3.50%), less than Community West Bancshares (0.44%), less than First Financial Northwest, Inc. (0.66%), less than Great Southern Bancorp, Inc. (10.36%), less than Home Bancorp, Inc. (9.58%), less than Heritage Financial Corporation (4.39%), less than HomeTrust Bancshares, Inc. (10.41%), less than Lake Shore Bancorp, Inc. (4.82%), less than First Community Corporation (0%), less than Home Federal Bancorp, Inc. of Louisiana (9.57%), less than null (6.25%),

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