
IBCP · NASDAQ
Independent Bank Corporation
$37.13 +0.14 (+0.36%)
Company overview
Independent Bank Corporation operates as the bank holding company for Independent Bank, providing a range of 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, 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, as well as two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
- Sector
- Financial Services
- Industry
- Banks - Regional
- Exchange
- NASDAQ
- Market cap
- $765M
- Employees
- 732
- Headquarters
- Grand Rapids, MI
- Website
- independentbank.com
- CEO
- Gavin A. Mohr
- Listed
- September 4, 1985
- P/E
- 10.99
- Dividend yield
- 2.86%
Company financials
- Revenue
- $310M
- Gross profit
- $218M
- Operating income
- $82.4M
- EBITDA
- $87.6M
- Net income
- $69.8M
- EPS
- $3.38
- Total assets
- $5.6B
- Total debt
- $74.1M
- Gross margin
- 70.31%
- Net margin
- 22.54%
- Earnings yield
- 9.10%
No geographic segmentation.
Showing FY 2021