Independent Bank Corporation
IBCPFinancial ServicesNASDAQBanks - Regional
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Daily timeframeIndependent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The $695.9M market capitalization puts IBCP squarely in small-cap range for its industry. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts.
Market Cap
$695.9M
Beta
0.70
P/E (TTM)
10.11
P/E (Fwd)
8.82
EPS (TTM)
$3.34
EPS (Fwd)
$3.83
ROE
14.3%
ROA
1.3%
Cash
$201.9M
Total Debt
$89.7M
Free CF
—
52W Change
6.5%
Annual Financials
Cash vs Debt
The balance sheet looks solid with $201.9M in cash comfortably exceeding the $89.7M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Return on equity stands at 14.3%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.3% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $204.8M (2022) to $218.3M (2025).
The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Independent Bank Corporation's trajectory.