Independent Bank Corporation
IBCP
Rank in Stocks
#10886
As the holding company for Independent Bank, 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 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.
Share Price
$35.49
Market Cap
$731.08M
Change (1 day)
-0.32%
Change (1 year)
-41.51%
Country
US
Trade Independent Bank Corporation (IBCP)
Category
Financial Services
P/E ratio for Independent Bank Corporation (IBCP)
P/E ratio as of October 2026 TTM: 58.34
According to Independent Bank Corporation latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 58.34. At the end of 2022 the company had a P/E ratio of 12.67.
P/E ratio history for Independent Bank Corporation from 2010 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | 58.34 | 20.03% |
| 2023 | 48.60 | 283.70% |
| 2022 | 12.67 | -7.52% |
| 2021 | 13.70 | 3.10% |
| 2020 | 13.28 | 7.49% |
| 2019 | 12.36 | 18.03% |
| 2018 | 10.47 | -53.33% |
| 2017 | 22.44 | 4.05% |
| 2016 | 21.56 | 50.89% |
| 2015 | 14.29 | -31.42% |
| 2014 | 20.84 | -25.45% |
| 2013 | 27.95 | 0.82% |
| 2012 | 27.72 | 59.21% |
| 2011 | 17.41 | -20.16% |
| 2010 | 21.81 | 0.00% |
P/E ratio for similar companies or competitors
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How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.