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Last $14.16 USD
Change Today +0.06 / 0.43%
Volume 110.9K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

independent bank corp - mich (IBCP) Snapshot

Open
$13.99
Previous Close
$14.10
Day High
$14.19
Day Low
$13.93
52 Week High
08/10/15 - $15.27
52 Week Low
10/10/14 - $11.47
Market Cap
320.4M
Average Volume 10 Days
95.6K
EPS TTM
$0.77
Shares Outstanding
22.6M
EX-Date
08/5/15
P/E TM
18.5x
Dividend
$0.24
Dividend Yield
1.69%
Current Stock Chart for INDEPENDENT BANK CORP - MICH (IBCP)

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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
Executive 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 Declares Quarterly Cash Dividend on Common Stock, Payable on August 17, 2015

Independent Bank Corporation announced that its Board of Directors declared a quarterly cash dividend on its common stock of 6 cents per share. This dividend is payable on August 17, 2015 to shareholders of record on August 7, 2015.

Independent Bank Corporation Appoints Joan A. Budden to the Board

Independent Bank Corporation announced that its board of directors appointed Joan A. Budden to the boards of the Corporation and the Bank. Ms. Budden is the Chief Marketing Officer of Priority Health, serving in this role since July of 2010. As chief marketing officer, Ms. Budden is responsible for strategic marketing, product development, sales and government programs. And prior to that she served as Vice President of Individual Business for Blue Cross Blue Shield of Michigan where she was employed since 1985.

Independent Bank Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Independent Bank Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $20.131 million compared to $20.367 million a year ago. Net interest income was of $18.701 million compared to $18.538 million a year ago. Income before income tax was of $8.243 million compared to $7.899 million a year ago. Net income was of $5.619 million or $0.24 per diluted share compared to $6.052 million or $0.40 per diluted share a year ago. For six months, the company reported total interest income of $39.683 million compared to $40.640 million a year ago. Net interest income was of $36.792 million compared to $37.016 million a year ago. Income before income tax was of $13.804 million compared to $12.504 million a year ago. Net income was of $9.4 million or $0.40 per diluted share compared to $9.190 million or $0.39 per diluted share a year ago.

 

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IBCP:US $14.16 USD +0.06

IBCP Competitors

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Company Last Change
Arrow Financial Corp $27.26 USD +0.10
Bank Mutual Corp $7.20 USD +0.19
Canandaigua National Corp $145.10 USD 0.00
Financial Institutions Inc $24.52 USD +0.02
Old Second Bancorp Inc $6.14 USD +0.03
View Industry Companies
 

Industry Analysis

IBCP

Industry Average

Valuation IBCP Industry Range
Price/Earnings 18.2x
Price/Sales 2.8x
Price/Book 1.3x
Price/Cash Flow 17.6x
TEV/Sales 1.8x
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