Independent Bank (IBCP) Projected to Announce Quarterly Earnings on Tuesday

Key Points

• Independent Bank is expected to report Q3 2026 results before market open on October 27. Analysts forecast earnings of $0.948 per share and revenue of $68.86 million.
• The bank’s previous quarter exceeded expectations, with EPS of $0.90 versus the $0.84 consensus and revenue of $61.64 million versus $60.08 million expected.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and a $39.50 average price target, compared with the stock’s recent $35.61 price.

Independent Bank (NASDAQ:IBCP - Get Free Report) is expected to be releasing its Q3 2026 results before the market opens on Tuesday, October 27th. Analysts expect the company to announce earnings of $0.9480 per share and revenue of $68.86 million for the quarter. Interested persons may visit the company's upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Tuesday, October 27, 2026 at 11:00 AM ET.

Independent Bank (NASDAQ:IBCP - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.06. The business had revenue of $61.64 million for the quarter, compared to analysts' expectations of $60.08 million. Independent Bank had a return on equity of 14.12% and a net margin of 22.32%. During the same period in the previous year, the business posted $0.81 earnings per share. On average, analysts expect Independent Bank to post $3.51 EPS for the current fiscal year and $3.86 EPS for the next fiscal year.

Independent Bank Trading Up 0.0%

Shares of Independent Bank stock opened at $35.61 on Tuesday. Independent Bank has a 52-week low of $29.83 and a 52-week high of $39.24. The firm has a market capitalization of $790.54 million, a PE ratio of 10.35 and a beta of 0.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.95 and a quick ratio of 0.94. The company's fifty day moving average price is $36.48 and its two-hundred day moving average price is $35.59.

Insider Transactions at Independent Bank

In other Independent Bank news, CEO William Kessel sold 2,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $37.28, for a total transaction of $74,560.00. Following the sale, the chief executive officer owned 157,836 shares of the company's stock, valued at $5,884,126.08. This represents a 1.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IBCP. Hovde Group raised shares of Independent Bank from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $36.00 to $41.00 in a report on Friday, July 10th. Piper Sandler raised shares of Independent Bank from a "neutral" rating to an "overweight" rating and set a $42.00 price objective on the stock in a research note on Friday, October 2nd. Keefe, Bruyette & Woods upped their price objective on shares of Independent Bank from $37.00 to $38.00 and gave the stock a "market perform" rating in a research note on Friday, July 24th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Independent Bank in a report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.50.

Independent Bank Company Profile

Independent Bank Corporation is a bank holding company headquartered in Ionia, Michigan. Through its principal subsidiary, Independent Bank, the company provides community banking services to individuals, families, businesses and municipalities throughout Michigan.

Independent Bank offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential mortgages, home equity financing, consumer loans, commercial real estate loans and financing for small and middle-market businesses.

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