Stocktoria
INDEPENDENT BANK CORP /MI/ IBCP
INDEPENDENT BANK CORP /MI/ (IBCP) earns a Piotroski F-score of 4/9 (mixed financial health). It pays a dividend yielding 2.89% (safety: safe). FY2025 revenue was $32.1M at a 213.7% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Finance, Insurance & Real Estate · percentile among 1129 companies
Percentile vs other Finance, Insurance & Real Estate companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 4/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Sector peers · similar-size Finance, Insurance & Real Estate companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| IBCP | INDEPENDENT BANK CORP /MI/ | 4/9 | — | 10.9 | +0.3% |
| ORRF | ORRSTOWN FINANCIAL SERVICES INC | 4/9 | — | 10 | +36% |
| CIVB | CIVISTA BANCSHARES, INC. | 3/9 | — | 12.9 | -0.5% |
| TYFG | Tri-County Financial Group, Inc. | 5/9 | — | — | +10.2% |
| MCHB | Mechanics Bancorp | 3/9 | — | 13.9 | +3.3% |
| FXNC | FIRST NATIONAL CORP /VA/ | 4/9 | — | 15.6 | +0.8% |
| CPF | CENTRAL PACIFIC FINANCIAL CORP | 7/9 | — | 12.8 | +33.8% |
All Finance, Insurance & Real Estate companies →
About INDEPENDENT BANK CORP /MI/
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
FAQ
Is IBCP financially healthy?
INDEPENDENT BANK CORP /MI/'s Piotroski F-score is 4/9 (8–9 is excellent, 0–3 weak).
Does IBCP pay a dividend, and is it safe?
Yes. INDEPENDENT BANK CORP /MI/ pays a dividend yielding about 2.89% with a 31.5% payout ratio, rated “safe” for safety.
How profitable is IBCP?
In FY2025, INDEPENDENT BANK CORP /MI/ had a net margin of 213.7% and a return on equity of 13.6%.
Is IBCP overvalued or undervalued?
INDEPENDENT BANK CORP /MI/ trades at about 11.7× trailing earnings — near its 10-year norm (10-year range 7.3×–24.3×, median 10.7×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for IBCP?
The average Wall-Street price target for INDEPENDENT BANK CORP /MI/ is $37.30, about 2.6% below the recent price, from 5 analysts (consensus: hold).
Is IBCP a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on INDEPENDENT BANK CORP /MI/: a Piotroski F-score of 4/9, a P/E of about 10.9×, a dividend yield of 2.89%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.