IBCP
Independent Bank Corporation
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Neutral
+15/100
Last price
35.79
▼ 0.12 (0.33%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
36.08
Prev close
35.91
Day high
36.31
Day low
35.76
Volume
130.11K
Market cap
$737.36M
P/E (TTM)
10.37
52W range
29.83 – 39.24
Day trading desk
Gap from prior close
+0.47%
Prior close 35.91
VWAP
35.85
-0.18% from price
Relative volume
1.13×
Normal
Session range
1.54%
35.76 – 36.31
Position in range
5%
Near session low
ATR (14D)
0.63
1.76% of price
Prior day high
36.38
PDH
Prior day low
35.83
PDL
Bid / ask spread
—
Quote not published
Session volume
221.98K
Avg 195.72K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+1.24%
-0.7%
1M
-4.23%
-5.4%
3M
+1.88%
-2.6%
6M
+5.70%
-12.5%
YTD
+10.02%
-4.2%
1Y
+15.94%
-0.5%
3Y
+95.15%
+12.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on IBCP open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+6.50K
Net buying
Buy transactions
4
13.19K shares
Sell transactions
5
6.69K shares
Net transactions
+9
Buys less sells
Sell : buy shares
0.5 : 1
Mixed
Insider-held shares
1.05M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 15, 26 | KESSEL WILLIAM B Chief Executive Officer |
SELL | 2.00K | $74.56K | Direct |
| Aug 19, 26 | KRETER KRISTOPHER Officer |
SELL | 300 | $11.13K | Direct |
| Aug 10, 26 | TWAROZYNSKI JAMES J Officer |
SELL | 489 | $18.42K | Direct |
| Jul 1, 26 | BOER WILLIAM J Director |
STOCK | 285 | $10.28K | Direct |
| Jun 9, 26 | ERVIN PATRICK J Officer |
SELL | 2.50K | $88.50K | Direct |
| May 29, 26 | KIMBALL STEFANIE M Officer |
SELL | 1.40K | $48.18K | Direct |
| Apr 6, 26 | RAHN JOEL F Officer |
— | 4.15K | — | Direct |
| Apr 6, 26 | KIMBALL STEFANIE M Officer |
— | 4.33K | — | Direct |
| Apr 6, 26 | KIMBALL STEFANIE M Officer |
— | 4.33K | — | Direct |
| Apr 6, 26 | ERVIN PATRICK J Officer |
— | 4.27K | — | Direct |
| Apr 6, 26 | MOHR GAVIN A Officer |
— | 4.30K | — | Direct |
| Apr 6, 26 | KESSEL WILLIAM B Chief Executive Officer |
— | 10.98K | — | Direct |
| Apr 1, 26 | BOER WILLIAM J Director |
STOCK | 309 | $10.29K | Direct |
| Feb 24, 26 | KRUSE RONIA F Director |
BUY | 1.20K | $42.32K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BEIA TERANCE L. |
Director | 40.00K | Purchase |
BOER WILLIAM J |
Director | 45.20K | Stock Award(Grant) |
DANIEL LARRY R JR |
Officer | 27.60K | Conversion of Exercise of derivative security |
ERVIN PATRICK J |
Officer | 36.78K | Sale |
KESSEL WILLIAM B |
Chief Executive Officer | 166.96K | Sale |
KIMBALL STEFANIE M |
Officer | 71.40K | Sale |
MAGEE MICHAEL M JR |
Director | 21.61K | Sale |
MOHR GAVIN A |
Officer | 28.32K | Conversion of Exercise of derivative security |
RAHN JOEL F |
Officer | 31.10K | Conversion of Exercise of derivative security |
STODOLAK MICHAEL JOSEPH |
Officer | 20.43K | Stock Award(Grant) |
Fundamentals
Market cap$737.36M
Enterprise value$792.79M
Revenue (TTM)$230.76M
Gross profit$230.76M
EBITDA—
Net income$71.75M
EPS (TTM)$3.45
Free cash flow—
Total cash$189.09M
Total debt$187.37M
Book value / share$25.65
Shares outstanding20.60M
Float21.62M
Short % of float3.61%
Dividend yield3.13%
Beta (5Y)0.73
Valuation & profitability ratios
Trailing P/E10.37
Forward P/E9.23
PEG ratio1.40
Price / sales—
Price / book1.40
EV / revenue3.44
EV / EBITDA—
Gross margin0.00%
Operating margin39.93%
Profit margin31.09%
Return on equity14.38%
Return on assets1.29%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $218.33M | $215.80M | $200.48M | $204.78M | +1.2% |
| Operating revenue | $218.33M | $215.80M | $200.48M | $204.78M | +1.2% |
| Selling, general & admin | $92.26M | $91.83M | $85.09M | $86.09M | +0.5% |
| Pre-tax income | $81.29M | $83.05M | $73.68M | $77.79M | -2.1% |
| Tax provision | $12.75M | $16.26M | $14.61M | $14.44M | -21.6% |
| Net income | $68.54M | $66.79M | $59.07M | $63.35M | +2.6% |
| Net income to common | $68.54M | $66.79M | $59.07M | $63.35M | +2.6% |
| Basic EPS | 3.30 | 3.20 | 2.82 | 3.00 | +3.1% |
| Diluted EPS | 3.27 | 3.16 | 2.79 | 2.97 | +3.5% |
| Basic shares | 20.77M | 20.87M | 20.95M | 21.12M | -0.5% |
| Diluted shares | 20.96M | 21.14M | 21.17M | 21.33M | -0.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $138.39M | $119.88M | $169.78M | $74.37M | +15.4% |
| Property, plant & equipment | $38.97M | $37.49M | $35.52M | $35.89M | +3.9% |
| Goodwill & intangibles | $60.79M | $76.58M | $72.55M | $73.34M | -20.6% |
| Total assets | $5.51B | $5.34B | $5.26B | $5.00B | +3.1% |
| Current debt | — | — | — | $61.00M | — |
| Long-term debt | $116.87M | $124.39M | $129.26M | $165.10M | -6.0% |
| Total debt | $116.87M | $124.39M | $129.26M | $165.10M | -6.0% |
| Total liabilities | $5.00B | $4.88B | $4.86B | $4.65B | +2.4% |
| Retained earnings | $252.79M | $205.85M | $159.11M | $119.37M | +22.8% |
| Shareholder equity | $502.95M | $454.69M | $404.45M | $347.60M | +10.6% |
| Net tangible assets | $442.16M | $378.10M | $331.90M | $274.26M | +16.9% |
| Shares issued | 20.55M | 20.90M | 20.84M | 21.06M | -1.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $68.54M | $66.79M | $59.07M | $63.35M | +2.6% |
| Depreciation & amortisation | $9.91M | $10.01M | $10.02M | $10.83M | -1.0% |
| Stock-based compensation | $2.72M | $2.33M | $2.23M | $2.14M | +16.5% |
| Change in working capital | -$7.76M | -$24.17M | -$18.21M | -$11.20M | +67.9% |
| Operating cash flow | $76.66M | $63.15M | $75.59M | $94.63M | +21.4% |
| Capital expenditure | -$6.49M | -$7.95M | -$6.02M | -$5.68M | +18.3% |
| Investing cash flow | -$122.50M | -$118.16M | -$162.94M | -$424.59M | -3.7% |
| Share buybacks | -$12.43M | $0 | -$5.16M | -$4.01M | — |
| Dividends paid | -$21.60M | -$20.05M | -$19.33M | -$18.57M | -7.8% |
| Financing cash flow | $64.34M | $5.11M | $182.77M | $294.86M | +1,159.3% |
| Free cash flow | $70.17M | $55.20M | $69.56M | $88.95M | +27.1% |
| End cash position | $138.39M | $119.88M | $169.78M | $74.37M | +15.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $60.98M | $56.95M | $56.53M | $55.46M | $54.07M | +7.1% |
| Operating revenue | $60.98M | $56.95M | $56.53M | $55.46M | $54.07M | +7.1% |
| Selling, general & admin | $24.76M | $24.10M | $24.67M | $22.53M | $22.87M | +2.7% |
| Pre-tax income | $22.71M | $20.23M | $20.31M | $21.18M | $20.68M | +12.3% |
| Tax provision | $3.90M | $3.35M | $1.74M | $3.67M | $3.80M | +16.4% |
| Net income | $18.80M | $16.88M | $18.57M | $17.50M | $16.88M | +11.4% |
| Net income to common | $18.80M | $16.88M | $18.57M | $17.50M | $16.88M | +11.4% |
| Basic EPS | 0.91 | 0.82 | 0.90 | 0.85 | 0.81 | +11.0% |
| Diluted EPS | 0.90 | 0.81 | 0.89 | 0.84 | 0.81 | +11.1% |
| Basic shares | 20.60M | 20.57M | 20.64M | 20.70M | 20.75M | +0.1% |
| Diluted shares | 20.81M | 20.78M | 20.85M | 20.90M | 20.95M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $165.45M | $174.91M | $138.39M | $208.69M | $146.16M | -5.4% |
| Property, plant & equipment | $44.55M | $42.32M | $38.97M | $38.80M | $38.41M | +5.3% |
| Goodwill & intangibles | $63.02M | $61.42M | $60.79M | $60.95M | $61.60M | +2.6% |
| Total assets | $5.66B | $5.56B | $5.51B | $5.49B | $5.42B | +1.9% |
| Long-term debt | $166.90M | $66.89M | $116.87M | $41.85M | $181.46M | +149.5% |
| Total debt | $166.90M | $66.89M | $116.87M | $41.85M | $181.46M | +149.5% |
| Total liabilities | $5.14B | $5.05B | $5.00B | $5.00B | $4.95B | +1.8% |
| Retained earnings | $276.93M | $263.90M | $252.79M | $239.60M | $227.48M | +4.9% |
| Shareholder equity | $528.41M | $510.55M | $502.95M | $490.74M | $469.25M | +3.5% |
| Net tangible assets | $465.39M | $449.13M | $442.16M | $429.80M | $407.65M | +3.6% |
| Shares issued | 20.60M | 20.59M | 20.55M | 20.69M | 20.72M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $18.80M | $16.88M | $18.57M | $17.50M | $16.88M | +11.4% |
| Depreciation & amortisation | $2.39M | $2.37M | $2.39M | $2.76M | $2.40M | +0.7% |
| Stock-based compensation | $675.00K | $688.00K | $748.00K | $571.00K | $639.00K | -1.9% |
| Change in working capital | -$5.08M | -$20.60M | -$18.60M | $7.20M | $2.02M | +75.3% |
| Operating cash flow | $20.28M | -$9.16M | $7.79M | $30.43M | $19.19M | +321.5% |
| Capital expenditure | -$3.56M | -$4.61M | -$1.44M | -$1.66M | -$2.28M | +22.7% |
| Investing cash flow | -$104.89M | -$16.70M | -$45.56M | -$21.86M | -$70.86M | -528.3% |
| Share buybacks | $0 | $0 | -$4.66M | -$413.00K | -$7.32M | — |
| Dividends paid | -$5.77M | -$5.77M | -$5.38M | -$5.38M | -$5.39M | +0.0% |
| Financing cash flow | $75.14M | $62.38M | -$32.53M | $53.96M | $69.68M | +20.5% |
| Free cash flow | $16.72M | -$13.77M | $6.36M | $28.77M | $16.91M | +221.5% |
| End cash position | $165.45M | $174.91M | $138.39M | $208.69M | $146.16M | -5.4% |
Options analytics
Put / call volume
0.00
Call-heavy session
Put / call open interest
1.00
Positioning, not flow
Max pain
20.00
-44.1% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+78.4%
Puts bid over calls
Call volume
5
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
20.00
1 contracts
Heaviest put OI
35.00
1 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.84 | 0.90 | +6.6% |
| Mar 2026 | 0.79 | 0.81 | +2.8% |
| Dec 2025 | 0.84 | 0.89 | +5.7% |
| Sep 2025 | 0.84 | 0.84 | 0.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.88 | 5 | $54.86M | +21.0% |
| Next quarter | 0.94 | 5 | $55.03M | +18.7% |
| Current year | 3.53 | 5 | $204.94M | +13.8% |
| Next year | 3.88 | 5 | $226.23M | +10.4% |
Analyst targets & ownership
Mean target$40.20
High target$42.00
Low target$38.00
Implied upside12.32%
Analyst count5
ConsensusBUY
Strong buy / Buy1 / 1
Hold3
Sell / Strong sell0 / 0
Held by insiders4.75%
Held by institutions83.04%
Institutions holding276
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
35.66
+0.37% from price
SMA 20
36.13
-0.93% from price
SMA 50
37.03
-3.35% from price
SMA 100
36.10
-0.86% from price
SMA 200
35.14
+1.85% from price
EMA 12
35.87
-0.23% from price
EMA 26
36.20
-1.12% from price
EMA 50
36.39
-1.64% from price
RSI (14)
44.7
Neutral
MACD (12,26,9)
-0.32
Hist 0.04
ATR (14)
0.63
1.76% of price
Realised vol 30D
15.4%
Annualised
Bollinger upper
37.44
20, 2σ
Bollinger lower
34.81
20, 2σ
50 / 200 cross
Golden
37.03 vs 35.14
Trend bias
Above 200
+1.85%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.42
Less volatile than market
Correlation to SPY
0.23
Largely independent
Realised vol 30D
15.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-13.5%
Peak to trough
Max drawdown 5Y
-40.3%
Peak to trough
ATR 14
0.63
1.76% of price
Beta (reported)
0.73
5Y monthly, from filing
Short interest
Shares short
757.21K
Prior 629.97K
Change vs prior
+20.2%
Shorts adding
% of float
3.61%
Normal
% of shares out
3.41%
Against total outstanding
Days to cover
4.6
Liquid
Float
21.62M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 2, 26 | Piper Sandler | UPGRADE | Neutral | Overweight |
| Jul 27, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jul 24, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 10, 26 | Hovde Group | UPGRADE | Market Perform | Outperform |
| Apr 27, 26 | DA Davidson | MAINTAINED | Neutral | Neutral |
| Apr 27, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Mar 20, 26 | DA Davidson | MAINTAINED | Neutral | Neutral |
| Jan 26, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jul 25, 25 | DA Davidson | MAINTAINED | Neutral | Neutral |
| Apr 28, 25 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Apr 25, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jan 28, 25 | DA Davidson | MAINTAINED | Neutral | Neutral |
Dividends & splits
Forward rate$1.12 / yr
Forward yield3.13%
5-year avg yield3.52%
Payout ratio31.30%
Ex-dividend dateAug 4, 2026
Next pay dateAug 14, 2026
Last split1:10
Split dateSep 1, 2010
SEC filings
Periodic Financial Reports
10-Q · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-07-27
Corporate Changes & Voting Matters
8-K · 2026-07-23
Corporate Changes & Voting Matters
8-K · 2026-06-18
Corporate Changes & Voting Matters
8-K · 2026-06-12
A correspondence can be sent as a document with another submission type or can be sent as a separate submission
CORRESP · 2026-05-21
Periodic Financial Reports
10-Q · 2026-05-06
Offering Registrations
S-4 · 2026-05-01
Headlines
Independent Bank Shares Rise After Piper Sandler Upgrade
MT Newswires · 4d ago
Independent Bank Corporation Announces Date for Its Third Quarter 2026 Earnings Release
GlobeNewswire · 7d ago
Independent Bank (IBCP) is a Top Dividend Stock Right Now: Should You Buy?
Zacks · 16d ago
This is Why Independent Bank (IBCP) is a Great Dividend Stock
Zacks · 33d ago
Independent Bank (IBCP) Could Be a Great Choice
Zacks · 49d ago
Are You Looking for a High-Growth Dividend Stock?
Zacks · 65d ago
All You Need to Know About Independent Bank (IBCP) Rating Upgrade to Buy
Zacks · 72d ago
Independent Bank (IBCP) Q2 2026 Earnings Call Transcript
Motley Fool · 75d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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