Independent Bank Corp. IBCP

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-$0.18 (-0.57%)Past DayToday's Volume:
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Relative Strength Index (RSI)

- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.

- The RSI is calculated using the following formula:

RSI = 100 - (100 / (1 + RS))

Where RS is the ratio of the average gains to the average losses over a specified period.

- The default time period used is 14 days.

- RSI values range between 0 and 100.

RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)

RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)

RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.

About

Business overview of Independent Bank Corp. (IBCP)
Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad 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. It also provides internet and mobile banking capabilities to its customers.

Key Insights

Critical company metrics and information

  • Latest Closing Price

    $31.63

  • Market Cap

    $660.93 Million

  • Price-Earnings Ratio

    9.88

  • Total Outstanding Shares

    20.89 Million Shares

  • Total Employees

    832

  • Dividend

    $0.26 Per Share Quarterly

  • IPO Date

    September 4, 1985

  • SIC Description

    State Commercial Banks

  • Primary Exchange

    NASDAQ

  • Type

    Common Stock

  • Headquarters

    4200 e beltline ave, Grand rapids, MI, 49525

  • Homepage

    https://www.independentbank.com

Historical Stock Splits

If you bought 10 shares of IBCP before September 1, 2010, you'd have 1 share today.
Execution DateSplit Amount
September 1, 20101-for-10 (Reverse Split)

Cash Flow Statement

January 1, 2024 to December 31, 2024
MetricValue
Net Cash Flow, Continuing$-49.90 Million
Net Cash Flow From Financing Activities$5.11 Million
Net Cash Flow From Investing Activities, Continuing$-118.16 Million
Net Cash Flow$-49.90 Million
Net Cash Flow From Operating Activities$63.15 Million
Net Cash Flow From Operating Activities, Continuing$63.15 Million

Income Statement

January 1, 2024 to December 31, 2024
MetricValue
Interest Income/Expense Operating, Net$166.25 Million
Operating Expenses$-51.07 Million
Costs And Expenses$-51.07 Million
Income Tax Expense/Benefit, Deferred$-1.25 Million
Interest Income/Expense After Provision For Losses$161.78 Million
Income/Loss From Continuing Operations Before Tax$83.05 Million

Comprehensive Income

January 1, 2024 to December 31, 2024
MetricValue
Comprehensive Income/Loss$68.99 Million
Other Comprehensive Income/Loss Attributable To Parent$2.20 Million
Other Comprehensive Income/Loss$68.99 Million
Comprehensive Income/Loss Attributable To Noncontrolling Interest$0
Comprehensive Income/Loss Attributable To Parent$68.99 Million

Balance Sheet

January 1, 2024 to December 31, 2024
MetricValue
Assets$5.34 Billion
Liabilities$4.88 Billion
Noncurrent Liabilities$0
Equity Attributable To Parent$454.69 Million
Current Assets$5.34 Billion
Equity$454.69 Million

Historical Dividends

Current dividend: $0.26 Per Share Quarterly
Announcement DatePayment DateRecord DateAmountFrequency
Jan 10, 2025Feb 14, 2025Feb 4, 2025$0.26Quarterly
Oct 22, 2024Nov 15, 2024Nov 5, 2024$0.24Quarterly
Jul 23, 2024Aug 15, 2024Aug 5, 2024$0.24Quarterly
Apr 23, 2024May 13, 2024May 3, 2024$0.24Quarterly
Jan 23, 2024Feb 15, 2024Feb 5, 2024$0.24Quarterly
Oct 17, 2023Nov 13, 2023Nov 3, 2023$0.23Quarterly

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