IBCP
Independent Bank CorporationFinancial Services · $725M market cap
Verdict
Share price
$36.37
close of Oct 3, 2026
Fair value
$87.67
Sticker Price
Payback Price
$35.07
buy price
IBCP is Undervalued: at $36.37 it trades 59% below its fair value of $87.67. Its buy price (Payback Price) is $35.07, 4% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.
How we valued it
Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.
Business quality
2 of 5 clear the 10% bar. What are the Big Five?
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Create a free accountInsider activity
Since May 14, 2026: no open-market purchases, 2 sales worth $30K and 13 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Kreter Kristopher
First Vice Pres. & Controller · 2026-08-19
Sold
$11K
TWAROZYNSKI JAMES J
Senior Vice President · 2026-08-10
Sold
$18K
Other filings
Tagg Nathaniel Ernest
director · 2026-07-31
Award
461.58 shares
Kruse Ronia F
director · 2026-07-01
Award
127.07 shares
Keller Christina
director · 2026-07-01
Award
635.34 shares
Wooldridge Michael G.
director · 2026-07-01
Award
137 shares
Cok Michael J
director · 2026-07-01
Award
365.22 shares
Show all 13 other filingsShow fewer
Boer William J
director · 2026-07-01
Award
$10K
Kruse Ronia F
director · 2026-05-14
Award
200 shares
Keller Christina
director · 2026-05-14
Award
201.09 shares
Archer Dennis W. Jr
director · 2026-05-14
Award
53.15 shares
Wooldridge Michael G.
director · 2026-05-14
Award
2.38 shares
GULIS STEPHEN L JR
director · 2026-05-14
Award
528.24 shares
Cok Michael J
director · 2026-05-14
Award
232.76 shares
Budden Joan A
director · 2026-05-14
Award
293.36 shares
About Independent Bank Corporation
As the holding company for Independent Bank, Independent Bank Corporation provides diverse banking services to both individual consumers and businesses. Its comprehensive suite of offerings includes checking and savings accounts, commercial lending, direct and indirect consumer financing, and mortgage solutions, along with safe deposit boxes. Customers also benefit from accessible automatic teller machines, internet…
Banks - Regional
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works