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Independent Bank Corp IBCP.OQ (NASDAQ Stock Exchange Global Select Market)

23.05 USD
+0.01 (+0.04%)
As of 2:29 AM IST
chart
Previous Close 23.04
Open 23.09
Volume 22,198
3m Avg Volume 32,977
Today’s High 23.51
Today’s Low 23.05
52 Week High 26.70
52 Week Low 21.25
Shares Outstanding (mil) 24.11
Market Capitalization (mil) 555.39
Forward P/E 14.14
Dividend (Yield %) 0.15 ( 2.60 )

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RECOMMENDATION

Sell Hold Buy
2.50 Mean rating from 6 analysts

KEY STATS

Revenue (mm, USD)
FY18
0
FY17
0
FY16
0
FY15
0
EPS (USD)
FY18
1.269
FY17
1.227
FY16
1.049
FY15
0.854
*Note: Units in Millions of U.S. Dollars
**Note: Units in U.S. Dollars

KEY RATIOS

Price to Earnings (TTM)
vs sector
14.14
17.53
Price to Sales (TTM)
vs sector
3.62
10.49
Price to Book (MRQ)
vs sector
1.61
2.66
Price to Cash Flow (TTM)
vs sector
12.61
15.68
Total Debt to Equity (MRQ)
vs sector
34.49
67.19
LT Debt to Equity (MRQ)
vs sector
34.49
32.50
Return on Investment (TTM)
vs sector
--
0.44
Return on Equity (TTM)
vs sector
12.27
16.27

EXECUTIVE LEADERSHIP

Michael Magee
Executive Chairman of the Board, Since 2013
Salary: $582,000.00
Bonus: --
William Kessel
President, Chief Executive Officer, Director, Since 2013
Salary: $455,000.00
Bonus: --
Robert Shuster
Chief Financial Officer, Executive Vice President, Since 2001
Salary: $252,500.00
Bonus: --
Stefanie Kimball
Executive Vice President, Chief Risk Officer, Since 2012
Salary: $246,500.00
Bonus: --
Dennis Mack
Executive Vice President, Chief Lending Officer, Since 2012
Salary: --
Bonus: --

COMPANY PROFILE

Sector: Financials
Industry: Banks
Address:

4200 E Beltline Ave NE
GRAND RAPIDS   MI   49525-9783

Phone: +1616.5279450

Independent Bank Corporation is a bank holding company. The Company owns all of the outstanding stock of Independent Bank (the Bank). The Bank focuses on commercial banking industry. 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. As of December 31, 2016, the Company's markets were served by the Bank's main office in Grand Rapids, Michigan, and a total of 62 branches, a drive-in facility and 12 loan production offices. The Bank's branches provide lobby and drive-in services, as well as automatic teller machines (ATMs). Its Bank also offers title insurance services through a subsidiary, and investment and insurance services through a third party agreement with Cetera Investment Services LLC.

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