Independent Bank (IBCP) Expected to Announce Quarterly Earnings on Thursday

Independent Bank (NASDAQ:IBCP) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.70 per share and revenue of $46.25 million for the quarter.

Independent Bank (NASDAQ:IBCP) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.10. Independent Bank had a return on equity of 15.43% and a net margin of 20.67%. On average, analysts expect Independent Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Independent Bank Stock Performance

Shares of IBCP stock opened at $30.96 on Wednesday. The stock has a market cap of $649.32 million, a PE ratio of 9.80 and a beta of 0.85. The stock has a 50-day moving average of $31.27 and a 200-day moving average of $34.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.88. Independent Bank has a one year low of $22.53 and a one year high of $40.32.

Independent Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.36%. Independent Bank’s payout ratio is presently 32.91%.

Analyst Ratings Changes

IBCP has been the subject of a number of recent analyst reports. DA Davidson upped their price objective on shares of Independent Bank from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $41.00 price target (up previously from $39.00) on shares of Independent Bank in a research report on Friday, January 24th.

Independent Bank Company Profile

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services.