Independent Bank Corporation (IBCP)
Independent Bank Corporation operates in the Banks - Regional industry of the Financial Services sector, headquartered in Grand Rapids, MI, US. The stock last traded at $38.19, up 0.50% on the session, giving a market capitalisation of $787.0M. On trailing twelve-month figures it carries a trailing P/E of 10.97, a net margin of 22.7%. Its beta of 0.70 implies it has historically moved less than the broad market.
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 banking, and mobile banking capabilities. The company further diversifies its portfolio with title insurance, insurance brokerage, and investment services. Headquartered in Grand Rapids, Michigan, and founded in 1864, Independent Bank Corporation reaches its clientele through roughly 59 branches, two drive-through facilities, and seven loan production offices across Michigan, in addition to two loan production offices in Ohio.
Independent Bank Corporation is most often compared with the following Financial Services names: