Independent Bank Corp. (Michigan)

How big is Independent Bank Corp. (Michigan)?

As of Jun 18, Independent Bank Corp. (Michigan) has a market capitalization of 625.57 million and total assets of 5,352.02 million, with shareholder's funds reported at 454.69 million.

As of Jun 18, Independent Bank Corp. (Michigan) has a market capitalization of 625.57 million, categorizing it as a Micro Cap company.<BR><BR>As of Jun 18, the sum of interest earned for the latest four quarters is 267.79 million, while the sum of net profit for the same period is 66.39 million.<BR><BR>As of Dec'24, the shareholder's funds are reported at 454.69 million, and the total assets amount to 5,352.02 million.

What does Independent Bank Corp. (Michigan) do?

Independent Bank Corporation is a Michigan-based bank holding company that offers a variety of banking services to individuals and businesses. As of March 2025, it reported net sales of $66 million and a net profit of $16 million, with a market cap of $625.57 million.

Overview:<BR>Independent Bank Corporation is a bank holding company operating in the regional banks industry, focusing on providing a range of banking services to individuals and businesses.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 66 Million (Quarterly Results - Mar 2025)<BR>Most recent Net Profit: 16 Million (Quarterly Results - Mar 2025)<BR>Market-cap: USD 625.57 Million (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 10.00<BR>Dividend Yield: 0.13%<BR>Debt Equity: 0.00<BR>Return on Equity: 14.21%<BR>Price to Book: 1.34<BR><BR>Contact Details:<BR>Address: 4200 E Beltline Ave NE, GRAND RAPIDS MI: 49525-9783<BR>Tel: 1 616 5279450<BR>Website: https://ir.independentbank.com/

Should I buy, sell or hold Independent Bank Corp. (Michigan)?

Who are in the management team of Independent Bank Corp. (Michigan)?

As of March 2022, the management team of Independent Bank Corp. (Michigan) includes Mr. Michael Magee (Independent Chairman), Mr. William Kessel (President and CEO), and several directors including Mr. William Boer (Lead Independent Director), Mr. Dennis Archer, Ms. Ronia Kruse, Mr. Terrance Beia, and Ms. Joan Budden. They oversee the company's strategic direction and operations.

As of March 2022, the management team of Independent Bank Corp. (Michigan) includes the following individuals:<BR><BR>- Mr. Michael Magee, Independent Chairman of the Board<BR>- Mr. William Kessel, President, Chief Executive Officer, Director<BR>- Mr. William Boer, Lead Independent Director<BR>- Mr. Dennis Archer, Director<BR>- Ms. Ronia Kruse, Director<BR>- Mr. Terrance Beia, Independent Director<BR>- Ms. Joan Budden, Independent Director<BR><BR>This team is responsible for guiding the strategic direction and operations of the company.

Is Independent Bank Corp. (Michigan) technically bullish or bearish?

As of September 19, 2025, Independent Bank Corp. (Michigan) is in a bearish trend with weak strength indicators, underperforming the S&P 500 year-to-date by -10.08% compared to its 13.31% gain.

As of 19 September 2025, the technical trend for Independent Bank Corp. (Michigan) has changed from mildly bearish to bearish. The current stance is bearish with weak strength indicated by the weekly MACD and KST both showing bearish signals, while the daily moving averages confirm a bearish trend. The Bollinger Bands are bearish on the weekly timeframe and sideways on the monthly. The Dow Theory also reflects a mildly bearish outlook on both weekly and monthly bases. <BR><BR>In terms of performance, the stock has underperformed compared to the S&P 500 across multiple periods, with a year-to-date return of -10.08% versus the S&P 500's 13.31%, and a one-year return of -7.64% compared to 16.64% for the index.

Is Independent Bank Corp. (Michigan) overvalued or undervalued?

As of November 28, 2025, Independent Bank Corp. (Michigan) is considered overvalued with a P/E ratio of 10, lower than peers, and despite strong ROCE and ROE, it has underperformed the S&P 500 with a return of -11.78%.

As of 28 November 2025, the valuation grade for Independent Bank Corp. (Michigan) moved from fair to expensive, indicating that the company is overvalued. The P/E ratio stands at 10, which is lower than peers like Camden National Corp. (Maine) at 11.68 and South Plains Financial, Inc. (Texas) at 12.14. Additionally, the Price to Book Value is 1.39 and the EV to EBITDA is 7.35, both suggesting a premium compared to its peers.<BR><BR>Despite a strong ROCE of 17.36% and ROE of 14.21%, the company’s valuation metrics do not support its current price level. Over the past year, Independent Bank Corp. has underperformed the S&P 500, with a return of -11.78% compared to the index's 14.18%, reinforcing the notion that it is currently overvalued.