IBCP · Independent Bank Corp /Mi/
$37.13
-0.13 (-0.35%)
At close · Aug 21
Market Cap
$820.71M
Shares
22.20M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$37.13
Open$37.48
Day$36.93–37.58
52W close$30.08–38.67
Avg vol 30d214K
Short int544K · 2.5% float · 2.3d
Short vol67%
Last earningsJul 23, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 5
Up next
Next earnings call
Oct 22, 2026
Est · unconfirmed
· in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 5, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Buy
Momentum
Strong
Sentiment
Neutral
Fundamentals
Excellent
Quant / Vol
Very Low
Market backdrop
VIX 15.1 · calm
Equity put/call 0.51
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+8%
above
Price vs 50-day avg
+1%
above
RSI (14)
46
neutral
MACD trend
Negative
52-week position
82%
mid-range
Momentum
relative strength
1-month return
−1%
trailing
6-month return
+5%
trailing
YTD return
+14%
this year
Relative strength
−7%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $37 › 200d $35 — 50d above 200d
Institutional flow
Accumulating
+5% holders QoQ · +37 funds added
Insider flow
Distributing
Net -$166.2K over 90 days · 100% sells
Short interest
Rising
2.45% of float · ▲ +3.3% MoM · 2.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
184 holders — near 3-yr high, broad support
Squeeze score
54
elevated · 0–100
Fundamentals
Revenue growth
+0%
Y/Y
EPS growth
+3%
Y/Y
Free cash flow
$70.2M
Valuation
P/E 10.8
below peers
Balance sheet
$138.4M
net cash
Quant / Vol
risk profile
Volatility
24%
annualized · 1-yr
Max drawdown
−14%
past year
ATR
1.9%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Jul 23, 2026
quarterly 2026
Non-interest income
$11.3M – $12.3M
Non-interest expense
$36M – $37M
full year 2026
Non-interest income growth from 2025 actual of $45.6M
Initiated
3% – 4%
Prior guidance
period ended
· from the 8-K filed Oct 28, 2025
Non-interest expense
· 2025 quarterly range
$34.5M – $35.5M
Mortgage loan servicing, net
· 2025 quarterly
$750,000
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+8%
Bullish
Price vs 50-day avg
+1%
Bullish
RSI (14)
46
Neutral
MACD trend
Negative
Bearish
52-week position
82%
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $37 › 200d $35 — 50d above 200d
Institutional flow
Accumulating
+5% holders QoQ · +37 funds added
Insider flow
Distributing
Net -$166.2K over 90 days · 100% sells
Short interest
Rising
2.45% of float · ▲ +3.3% MoM · 2.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
184 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $30
Now $37 · 82%
Range high $39
vs 200-day avg +8%
vs 50-day avg +1%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| 30-89 Days PD / Total Loans | 0.1% | Q2'26 | — |
| ACL / Total Portfolio Loans | 1.49% | 6/30/26 | — |
| Allowance for credit losses | 1.49% | June 30, 2026 | — |
| Average deposit account balance | $22,418 | 2Q 2026 | — |
| Average equity to average assets | 9.41% | June 30, 2026 | — |
| Average interest-earning assets | 5.22B | the second quarter of 2026 | — |
|
|
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| CET1 ratio | 11.7% | 2Q'26 | — |
| Commercial loan growth | $92.6M | 2Q'26 | — |
| Common equity tier 1 capital to risk-weighted assets | 11.7% | June 30, 2026 | — |
| Efficiency ratio | 60.64% | Three Months Ended June 30, 2026 | — |
| Leverage Ratio | 11.7% | Q2'26 | — |
| Loan to deposit ratio | 90.8% | 2Q 2026 | — |
| Mortgage loan increase | $12.9M | 2Q'26 | — |
| Mortgage loan originations | $145.4M | 2Q'26 | — |
| NCOs / Avg. Loans | 0.01% | 6/30/26 | — |
| Net growth in total deposits, net of brokered deposits | $38.2M | 2Q'26 | — |
| Net interest margin | 3.71% | the second quarter of 2026 | — |
|
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| Net Interest Margin (FTE) | 3.71% | Q2'26 | — |
| Net interest margin (Non-GAAP FTE) non-GAAP | 3.68% | Six Months Ended June 30, 2026 | — |
| Non-performing Loans | $32.8M | Q2'26 | — |
| Non-performing Loans / Total Loans | 0.7% | Q2'26 | — |
| NPAs / Loans + OREO | 0.76% | 6/30/26 | — |
| NPAs/Total Assets | 0.59% | 2Q'26 | — |
|
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| Pre-Tax, Pre-Prov / Avg. Assets non-GAAP | 1.85% | 6/30/26 | — |
| Pre-Tax, Pre-Provision Income non-GAAP | $25.4M | 6/30/26 | — |
| Return on average assets | 1.37% | the quarter ended June 30, 2026 | — |
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| Return on average equity | 14.52% | the quarter ended June 30, 2026 | — |
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| Tangible book value per share growth (annualized) | 14.6% | 2Q'26 | — |
| Tangible common equity ratio | 8.86% | 2Q'26 | — |
|
|
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| Tangible common equity ratio excluding unrealized losses | 9.7% | 2Q'26 | — |
| TCE / TA | 10.5% | Q2'26 | — |
| TCE Ratio | 8.9% | 6/30/26 | — |
| Tier 1 Capital Ratio | 12.5% | 6/30/26 | — |
| Tier 1 capital to average assets | 10.58% | June 30, 2026 | — |
| Time deposit increase | $5.2M | 2Q'26 | — |
| Total Capital Ratio | 13.8% | 6/30/26 | — |
| Total RBC Ratio | 8.9% | Q2'26 | — |
| Uninsured deposit to total deposits | 23.8% | 2Q 2026 | — |
| Allowance for credit losses to total portfolio loans | 1.48% | FY2025 | — |
| Ratio of allowance for credit losses to total non-performing loans | 274.33% | Q4 2025 | — |
| Ratio of non-performing loans to total portfolio loans | 0.54% | Q4 2025 | — |
| Tangible common equity per share | $23.05 | FY2025 | — |
| Tier 1 capital to average total assets | 9.36% | Q4 2025 | — |
| Tier 1 capital to risk-weighted assets | 11.24% | Q4 2025 | — |
| Tier 1 common equity to risk-weighted assets | 11.24% | Q4 2025 | — |
| Total capital to risk-weighted assets | 12.49% | Q4 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Banks - Regional — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
IBCP
this stock
Independent Bank Corp /Mi/
|
$820.71M | +14.1% | +0.3% | 10.8 | 2.5% |
|
MFG
Mizuho Financial Group Inc
|
$124.83B | +40.4% | — | — | 0.1% |
|
HDB
Hdfc Bank Ltd
|
$121.52B | -35.4% | +15.2% | — | 0.5% |
|
IBN
Icici Bank Ltd
|
$105.45B | +0.4% | — | — | 0.5% |
|
CIXPF
CaixaBank/ADR
|
$100.59B | +19.4% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| IBCP | -3.1% | -1.4% | +5.0% | -2.8% | +14.1% |
| SPY | -1.4% | +3.6% | +11.6% | +2.5% | +12.3% |
| vs SPY | -1.7% | -5.0% | -6.6% | -5.3% | +1.9% |
Capital returns
Latest dividend
$0.28
/ share · ex Aug 4, 2026
Paid (TTM)
$1.10
/ share · 4 payouts
Dividend yield (TTM, derived)
2.96%
Buyback program
· as of Dec 16, 2025
Authorized
shares 1.10M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
39311
CUSIP
453838609
13F (30d)
184 filings
164 filers
Visit website
Investor relations