Independent Bank Corp. Company Profile (NASDAQ:IBCP)

About Independent Bank Corp.

Independent Bank Corporation is a bank holding company. The Company owns all of the outstanding stock of Independent Bank (the Bank). The Bank is engaged in providing commercial banking. The Bank offers a range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services. The Company's principal markets are the rural and suburban communities across Lower Michigan, which are served by the Bank's main office in Grand Rapids, Michigan, and a total of approximately 60 branches, over one drive-in facility and approximately eight loan production offices. The Bank's branches provide lobby and drive-in services, as well as automatic teller machines (ATMs). In addition to general banking services, its Bank also offers title insurance services and investment services.

Industry, Sector and Symbol:

• Sector: Finance
• Industry: Regional - Midwest Banks
• Sub-Industry: N/A
• Exchange: NASDAQ
• Symbol: IBCP
• CUSIP:

Key Metrics:

• Previous Close: $16.63
• 50 Day Moving Average: $16.24
• 200 Day Moving Average: $15.15
• 52-Week Range: $13.42 - $16.63
• Trailing P/E Ratio: 17.38
• Foreward P/E Ratio: 15.06
• P/E Growth: 3.22
• Market Cap: $348.27M
• Outstanding Shares: 21,223,000
• Beta: 0.2

Profitability:

• Net Margins: 17.43%
• Return on Equity: 8.54%
• Return on Assets: 0.87%

Debt:

• Debt-to-Equity Ratio: 0.19%
• Current Ratio: 0.78%
• Quick Ratio: 0.77%

Additional Links:

• Visit Independent Bank Corp.'s Official Website
• View IBCP on Google Finance
• View IBCP on Yahoo Finance
• View IBCP's Company Profile on Reuters
• Search for Independent Bank Corp. on Google

Companies Related to Independent Bank Corp.:

• Customers Bancorp (NYSE:CUBI)
• United Financial Bancorp (NASDAQ:UBNK)
• Greenhill & Co. (NYSE:GHL)
• Easterly Government Properties (NYSE:DEA)
• TrustCo Bank Corp. NY (NASDAQ:TRST)
• Flushing Financial Corp. (NASDAQ:FFIC)
• New York Mortgage Trust (NASDAQ:NYMT)
• National Bank Holdings Corp. (NYSE:NBHC)
• Silver Bay Realty Trust Corp. (NYSE:SBY)
• Invesco California Value Municipal Income Trust (NYSE:VCV)

Earnings

Earnings History for Independent Bank Corp. (NASDAQ:IBCP)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call	Details
10/27/2016
7/28/2016	Q216	$0.25	$0.30	$24.60 million		View	Listen
4/25/2016	Q1	$0.20	$0.19			View	Listen
1/25/2016	Q4	$0.22	$0.25			View	Listen
10/29/2015	Q315	$0.23	$0.22	$19.27 million		View	Listen
7/27/2015	Q115	$0.20	$0.24	$18.50 million		View	Listen
4/20/2015	Q414	$0.15	$0.16	$17.90 million		View	N/A
1/23/2015	Q314	$0.18	$0.17	$18.20 million		View	N/A
10/27/2014	Q3	$0.21	$0.21			View	Listen
7/28/2014	Q214	$0.18	$0.26	$28.70 million		View	N/A
4/21/2014	Q114	$0.16	$0.13	$28.90 million		View	N/A
1/30/2014	Q413	$0.26	$0.21	$31.91 million		View	N/A
10/30/2013		$0.26	$0.17			View	N/A

(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Independent Bank Corp. (NASDAQ:IBCP)

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2016	2	$0.21	$0.22	$0.22
Q2 2016	3	$0.23	$0.27	$0.25
Q3 2016	2	$0.25	$0.27	$0.26
Q4 2016	2	$0.25	$0.27	$0.26
Q1 2017	1	$0.27	$0.27	$0.27
Q2 2017	1	$0.27	$0.27	$0.27
Q3 2017	1	$0.28	$0.28	$0.28
Q4 2017	1	$0.28	$0.28	$0.28

(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Independent Bank Corp. (NASDAQ:IBCP)

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Dividend History for Independent Bank Corp. (NASDAQ:IBCP)

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
7/26/2016	quarterly	$0.08		8/4/2016	8/8/2016	8/15/2016
4/26/2016	quarterly	$0.08		5/4/2016	5/6/2016	5/16/2016
1/22/2016	quarterly	$0.08		2/3/2016	2/5/2016	2/16/2016
10/29/2015	quarterly	$0.08		11/5/2015	11/9/2015	11/16/2015
7/27/2015	quarterly	$0.06		8/5/2015	8/7/2015	8/17/2015
4/22/2015	quarterly	$0.06	1.83%	5/1/2015	5/5/2015	5/15/2015
1/21/2015	quarterly	$0.06	1.9%	2/4/2015	2/6/2015	2/17/2015
10/28/2014	quarterly	$0.06	1.98%	11/5/2014	11/7/2014	11/17/2014
7/22/2014	quarterly	$0.06	1.94%	8/1/2014	8/5/2014	8/15/2014
4/16/2014	quarterly	$0.06		4/28/2014	4/30/2014	5/15/2014

(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Independent Bank Corp. (NASDAQ:IBCP)

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Details
9/1/2016	Michael M Magee Jr	Director	Buy	6,082	$16.37	$99,562.34
8/30/2016	Mark L Collins	Insider	Sell	2,000	$16.37	$32,740.00
5/31/2016	Stefanie M Kimball	EVP	Sell	3,000	$14.85	$44,550.00
5/25/2016	James J Twarozynski	SVP	Sell	1,000	$15.03	$15,030.00
3/15/2016	William B Kessel	CEO	Sell	1,500	$14.63	$21,945.00
11/20/2015	Dennis J. Mack	EVP	Sell	4,200	$15.05	$63,210.00
9/29/2015	Mark L. Collins	EVP	Sell	3,153	$14.89	$46,948.17
9/25/2015	Joan A. Budden	Director	Buy	5,065	$14.85	$75,215.25
9/25/2015	Mark L. Collins	EVP	Sell	2,047	$14.87	$30,438.89
9/24/2015	David C. Reglin	EVP	Sell	3,877	$14.61	$56,642.97
9/16/2015	William B. Kessel	CEO	Sell	5,000	$14.15	$70,750.00
9/10/2015	Robert N. Shuster	EVP	Sell	4,200	$14.11	$59,262.00
9/9/2015	Stefanie M. Kimball	EVP	Sell	3,000	$14.14	$42,420.00
6/18/2014	Michael M Magee Jr	Chairman	Sell	24,864	$12.91	$320,994.24
6/17/2014	Michael M Magee Jr	Chairman	Sell	9,113	$12.86	$117,193.18
6/16/2014	Michael M Magee Jr	Chairman	Sell	3,523	$12.90	$45,446.70
6/13/2014	Michael M Magee Jr	Chairman	Sell	7,500	$12.87	$96,525.00
6/12/2014	Michael M Magee Jr	Chairman	Sell	25,000	$12.88	$322,000.00
5/29/2014	Stephen L Gulis Jr	Director	Sell	7,167	$12.90	$92,454.30
5/23/2014	Stephen L Gulis Jr	Director	Sell	1,822	$12.90	$23,503.80
5/21/2014	Stephen L Gulis Jr	Director	Sell	6,352	$12.90	$81,940.80
5/5/2014	Stefanie M Kimball	EVP	Sell	1,500	$12.65	$18,975.00
8/28/2013	David C Reglin	EVP	Buy	3,225	$7.75	$24,993.75
8/28/2013	Dennis J Mack	SVP	Buy	1,000	$7.75	$7,750.00
8/28/2013	Loan Charles C Van	Director	Buy	3,000	$7.75	$23,250.00
8/28/2013	Michael M Magee Jr	Chairman	Buy	1,290	$7.75	$9,997.50
5/29/2013	Stephen L Gulis Jr	Director	Sell	1,018	$6.30	$6,413.40
11/2/2012	William J Boer	Director	Buy	11,500	$3.45	$39,675.00

(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Independent Bank Corp. (NASDAQ:IBCP)

Date	Headline
	Coverage initiated on Independent Bank by Hovde Group (NASDAQ:IBCP) finance.yahoo.com - September 23 at 5:11 PM
	Independent Bank Corp. Announces Quarterly Dividend (NASDAQ:IBCP) www.publicnow.com - September 15 at 5:53 PM
	Independent Bank Corporation Announces Appointment of Patrick Ervin as Senior Vice President Mortgage Banking (NASDAQ:IBCP) www.publicnow.com - September 12 at 10:15 AM
	Independent Bank announces phase three of Investing In Youth campaign (NASDAQ:IBCP) www.publicnow.com - September 9 at 5:20 PM
	Independent Bank Corp. (Michigan) :IBCP-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NASDAQ:IBCP) www.capitalcube.com - August 5 at 5:40 PM
	Edited Transcript of IBCP earnings conference call or presentation 28-Jul-16 3:00pm GMT (NASDAQ:IBCP) finance.yahoo.com - July 29 at 10:58 AM
	Independent Bank Corporation Reports 2016 Second Quarter Results (NASDAQ:IBCP) www.publicnow.com - July 28 at 8:28 AM
	Independent Bank Corporation Is Still Looking For An Earnings Driver (NASDAQ:IBCP) seekingalpha.com - July 20 at 8:30 AM
	Hail! Hail! to Michigan Banks (NASDAQ:IBCP) realmoney.thestreet.com - July 19 at 11:00 AM
	Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US : July 12, 2016 (NASDAQ:IBCP) www.capitalcube.com - July 12 at 8:27 AM
	Independent Bank Corp.’s Second Quarter Earnings Press Release and Conference Call Announcement (NASDAQ:IBCP) www.publicnow.com - July 11 at 4:33 PM
	INDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Other Events (NASDAQ:IBCP) biz.yahoo.com - June 30 at 4:11 PM
	Independent Bank Corporation Announces Date for Its Second Quarter 2016 Earnings Release (NASDAQ:IBCP) www.publicnow.com - June 28 at 3:01 PM
	Independent Bank Trades Ex-Dividend Thursday (INDB) (NASDAQ:IBCP) www.investopedia.com - June 23 at 4:31 PM
	Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : June 14, 2016 (NASDAQ:IBCP) www.capitalcube.com - June 14 at 8:32 AM
	Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : May 9, 2016 (NASDAQ:IBCP) www.capitalcube.com - May 9 at 8:40 AM
	ETF’s with exposure to Independent Bank Corp. (Michigan) : April 28, 2016 (NASDAQ:IBCP) www.capitalcube.com - April 28 at 1:25 PM
	INDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NASDAQ:IBCP) biz.yahoo.com - April 28 at 9:46 AM
	Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US : April 27, 2016 (NASDAQ:IBCP) www.capitalcube.com - April 27 at 8:15 AM
	Independent Bank Corporation Announces Cash Dividend on Its Common Stock and Expanded Share Repurchase Plan (NASDAQ:IBCP) www.publicnow.com - April 26 at 2:42 PM
	2:29 pm Independent Bank announces $5 mln expansion of 2016 share repurchase plan (NASDAQ:IBCP) finance.yahoo.com - April 26 at 2:29 PM
	Independent Bank's (IBCP) CEO Brad Kessel on Q1 2016 Results - Earnings Call Transcript (NASDAQ:IBCP) seekingalpha.com - April 26 at 11:10 AM
	INDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Regulation FD Disclosure (NASDAQ:IBCP) biz.yahoo.com - April 26 at 10:14 AM
	Edited Transcript of IBCP earnings conference call or presentation 25-Apr-16 3:00pm GMT (NASDAQ:IBCP) finance.yahoo.com - April 25 at 2:31 PM
	Why Apple, Credit Suisse, Philips, Cabot Oil & Gas, and Independent Bank Are Down Today (NASDAQ:IBCP) www.insidermonkey.com - April 25 at 2:12 PM
	Independent Bank posts 1Q profit (NASDAQ:IBCP) sg.finance.yahoo.com - April 25 at 8:13 AM
	Independent Bank Corporation Reports 2016 First Quarter Results (NASDAQ:IBCP) finance.yahoo.com - April 25 at 8:00 AM
	Q1 2016 Independent Bank Corp Earnings Release - Before Market Open (NASDAQ:IBCP) biz.yahoo.com - April 25 at 7:07 AM
	Independent Bank Corp. posts 1Q profit (NASDAQ:IBCP) sg.finance.yahoo.com - April 21 at 4:43 PM
	Independent Bank Corp. Reports First Quarter Operating Net Income of $19.1 Million (NASDAQ:IBCP) www.publicnow.com - April 21 at 4:21 PM
	Independent Bank Corp.’s First Quarter Earnings Press Release and Conference Call Announcement (NASDAQ:IBCP) www.publicnow.com - April 12 at 4:16 PM
	Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US : April 4, 2016 (NASDAQ:IBCP) www.capitalcube.com - April 4 at 8:07 AM
	Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : March 23, 2016 (NASDAQ:IBCP) www.capitalcube.com - March 23 at 9:05 AM
	Independent Bank MI : Corporation : Announces Date for Its First Quarter 2016 Earnings Release (NASDAQ:IBCP) www.4-traders.com - March 15 at 12:36 PM
	Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : March 11, 2016 (NASDAQ:IBCP) www.capitalcube.com - March 11 at 8:11 AM
	INDEPENDENT BANK CORP /MI/ Files SEC form 10-K, Annual Report (NASDAQ:IBCP) biz.yahoo.com - March 7 at 5:17 PM
	Four promoted at FNB & Trust (NASDAQ:IBCP) www.ironmountaindailynews.com - February 18 at 1:24 PM
	West Michigan banking roundup: Q4 and year end 2015 (NASDAQ:IBCP) mibiz.com - February 3 at 11:45 AM
	Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : January 28, 2016 (NASDAQ:IBCP) www.capitalcube.com - January 28 at 8:05 AM
	Independent Bank Corp. (Michigan) Earnings Analysis: Q4, 2015 By the Numbers (NASDAQ:IBCP) www.capitalcube.com - January 27 at 11:54 AM
	Independent Bank's (IBCP) CEO Brad Kessel on Q4 2015 Results - Earnings Call Transcript (NASDAQ:IBCP) seekingalpha.com - January 25 at 6:18 PM
	Earnings Recap For January 25 (NASDAQ:IBCP) finance.yahoo.com - January 25 at 4:41 PM
	Edited Transcript of IBCP earnings conference call or presentation 25-Jan-16 4:00pm GMT (NASDAQ:IBCP) finance.yahoo.com - January 25 at 12:14 PM
	Independent Bank Corporation Reports 2015 Fourth Quarter and Full Year Results and 2016 Share Repurchase Authorization (NASDAQ:IBCP) www.publicnow.com - January 25 at 8:27 AM
	Independent Bank posts 4Q profit (NASDAQ:IBCP) sg.finance.yahoo.com - January 25 at 8:21 AM
	INDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an (NASDAQ:IBCP) biz.yahoo.com - January 25 at 8:14 AM
	Independent Bank Corp. (INDB) in Focus: Stock Jumps 7.2% (NASDAQ:IBCP) finance.yahoo.com - January 25 at 8:05 AM
	Q4 2015 Independent Bank Corp Earnings Release - 08:00 am ET (NASDAQ:IBCP) biz.yahoo.com - January 25 at 7:07 AM
	Independent Bank Corporation Announces Cash Dividend on Its Common Stock (NASDAQ:IBCP) www.noodls.com - January 22 at 10:03 AM
	Independent Bank Corp. posts 4Q profit (NASDAQ:IBCP) sg.finance.yahoo.com - January 21 at 4:59 PM

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Independent Bank Corp. (NASDAQ:IBCP) Chart for Saturday, September, 24, 2016