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

21.78 USD
+0.00 (+0.00%)
As of Sep 17
Previous Close 21.78
Open 21.58
Volume 41,287
3m Avg Volume 36,921
Today’s High 21.80
Today’s Low 21.27
52 Week High 25.12
52 Week Low 18.95
Shares Outstanding (mil) 21.34
Market Capitalization (mil) 475.79
Forward P/E 19.99
Dividend (Yield %) 0.10 ( 1.79 )

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RECOMMENDATION

Sell Hold Buy
2.50 Mean rating from 6 analysts

KEY STATS

Revenue (mm, USD)
FY19
0
FY18
0
FY17
0
FY16
0
EPS (USD)
FY19
0.853
FY18
1.677
FY17
1.227
FY16
1.049
*Note: Units in Millions of U.S. Dollars
**Note: Units in U.S. Dollars

KEY RATIOS

Price to Earnings (TTM)
vs sector
19.99
19.25
Price to Sales (TTM)
vs sector
3.69
5.92
Price to Book (MRQ)
vs sector
1.81
2.78
Price to Cash Flow (TTM)
vs sector
15.88
22.86
Total Debt to Equity (MRQ)
vs sector
46.14
68.87
LT Debt to Equity (MRQ)
vs sector
46.14
32.08
Return on Investment (TTM)
vs sector
--
0.44
Return on Equity (TTM)
vs sector
9.48
15.61

EXECUTIVE LEADERSHIP

Michael Magee
Independent Chairman of the Board, Since 2017
Salary: --
Bonus: --
William Kessel
President, Chief Executive Officer, Director, Since 2013
Salary: $480,000.00
Bonus: --
Robert Shuster
Chief Financial Officer, Executive Vice President, Since 2001
Salary: $267,525.00
Bonus: --
Stefanie Kimball
Executive Vice President, Chief Risk Officer, Since 2012
Salary: $258,700.00
Bonus: --
Larry Daniel
Executive Vice President - Operations and Digital Banking, Since 2017
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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