INDEPENDENT BANK CORPORATION (IBCP)

37.37USD +0.97% (+0.36)

Over 1M: -1.7%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

36 37 38
7 Aug 12 Aug 17 Aug 20 Aug 25 Aug 28 Aug 2 Sep

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '25 — Free Cash Flow: 28.8M Q3 '25 — Net Income: 17.5M Q4 '25 — Free Cash Flow: 6.4M Q4 '25 — Net Income: 18.6M Q1 '26 — Free Cash Flow: -13.8M Q1 '26 — Net Income: 16.9M Q2 '26 — Free Cash Flow: 16.7M Q2 '26 — Net Income: 18.8M -9M 0 9M 18M 27M 36M
Q3 '25 Q4 '25 Q1 '26 Q2 '26
Operating Income Free Cash Flow Net Income

How it scores

For a valuation multiple, the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

8.4
OE margin 108.5%
Accruals 0.4%
FCF margin 116.7%
OCF margin 151.2%
Profit margin 219.8%
ROE 13.6%
ROA 1.3%
Asset turnover 0.0058×
EBITDA margin —
Gross margin —
OCF / EBIT —
Oper. margin —
ROCE —
ROIC —

2 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

8.2
EV/OE 18.8×
Div. yield 2.7%
P/B 1.6×
P/C 5.0×
P/E 11.6×
FCF yield 4.6%
EV/Sales 20.3×
EV/EBIT —
EV/GP —
Fwd P/E —
PEG —

1 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

3.7
RPO / sales —
RPO growth —
Segment HHI —

2 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

10.0
ND/EBITDA 0.25
Debt / Eq 0.0×
Debt payback 0.0 yr
Payout 31.1%
F-score 6.0 pts
Cash / Debt —
Cash runway —
Current ratio —
Interest cover —
Quick ratio —

1 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

1.4
Sales/sh Y/Y +3.6%
Shares change -0.64%
Div. growth +7.8%
EPS CAGR 4Y +3.2%
EPS Y/Y +11.6%
Sales Q/Q +4.1%
EBIT CAGR —
EBIT Y/Y —
EPS next Y —

2 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.