Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $13.20 USD
Change Today +0.05 / 0.38%
Volume 38.4K
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

independent bank corp - mich (IBCP) Snapshot

Open
$13.12
Previous Close
$13.15
Day High
$13.21
Day Low
$12.97
52 Week High
06/27/14 - $13.88
52 Week Low
10/10/14 - $11.47
Market Cap
303.6M
Average Volume 10 Days
57.5K
EPS TTM
$0.79
Shares Outstanding
23.0M
EX-Date
05/1/15
P/E TM
16.8x
Dividend
$0.24
Dividend Yield
1.82%
Current Stock Chart for INDEPENDENT BANK CORP - MICH (IBCP)

Related News

No related news articles were found.

independent bank corp - mich (IBCP) Related Businessweek News

No Related Businessweek News Found

independent bank corp - mich (IBCP) Details

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses in Michigan. It offers checking and savings accounts, non-interest bearing demand deposits, NOW accounts, and time deposits; mortgage, commercial, and installment loans, as well as direct and indirect consumer financing services; and safe deposit box services. The company also acquires and services payment plans used by consumers to purchase vehicle service contracts. In addition, it provides title insurance services, and investment and insurance services; and Internet and mobile banking services. The company offers its services through approximately 70 branches, 2 drive-thru facilities, and 7 loan production offices. Independent Bank Corporation was founded in 1864 and is based in Ionia, Michigan.

700 Employees
Last Reported Date: 03/6/15
Founded in 1864

independent bank corp - mich (IBCP) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $410.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $241.6K
Executive Vice President of Retail Banking, C...
Total Annual Compensation: $235.1K
Eecutive Vice President and General Counsel
Total Annual Compensation: $239.3K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $236.3K
Compensation as of Fiscal Year 2014.

independent bank corp - mich (IBCP) Key Developments

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock, Payable on May 15, 2015

Independent Bank Corporation announced that its Board of Directors declared a quarterly cash dividend on its common stock of six cents per share. This dividend is payable on May 15, 2015 to shareholders of record on May 5, 2015.

Independent Bank Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Loan Net Charge-Offs for the First Quarter of 2015

Independent Bank Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported net interest income of $18.091 million against $18.478 million a year ago. The year-over-year quarterly decrease in net interest income is due to the decline in the net interest margin that was only partially offset by an increase in average interest-earning assets. Income before income tax was $5.561 million against $4.605 million a year ago. Net income was $3.781 million or $0.16 per diluted share against $3.138 million or $0.13 per diluted share a year ago. Net income to average common shareholders' equity was 6.05% against 5.41% a year ago. Net income to average assets was 0.67% against 0.57% a year ago. Tangible book value per share was $10.94 at March 31, 2015 compared to $10.79 at December 31, 2014. Total interest income was $19.552 million against $20.283 million a year ago. Loan net charge-offs were $0.7 million (0.19% annualized of average loans) in the first quarter of 2015, compared to $2.3 million (0.69% annualized of average loans) in the first quarter of 2014. The decline in first quarter 2015 loan net charge-offs compared to year ago levels is primarily due to a $1.7 million decline in commercial loan net charge-offs that was partially offset by a $0.1 million increase in mortgage and consumer/installment loan net charge-offs.

Independent Bank Corporation to Report Q1, 2015 Results on Apr 20, 2015

Independent Bank Corporation announced that they will report Q1, 2015 results at 8:00 AM, US Eastern Standard Time on Apr 20, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
IBCP:US $13.20 USD +0.05

IBCP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Arrow Financial Corp $26.46 USD +0.05
Bank Mutual Corp $7.32 USD +0.03
Canandaigua National Corp $138.50 USD 0.00
Financial Institutions Inc $23.73 USD -0.44
Old Second Bancorp Inc $5.87 USD +0.04
View Industry Companies
 

Industry Analysis

IBCP

Industry Average

Valuation IBCP Industry Range
Price/Earnings 16.6x
Price/Sales 2.6x
Price/Book 1.2x
Price/Cash Flow 16.2x
TEV/Sales 1.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact INDEPENDENT BANK CORP - MICH, please visit www.independentbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.