Independent Bank (IBCP) to Release Earnings on Thursday

Independent Bank (NASDAQ:IBCP) is expected to be announcing its Q2 2026 results before the market opens on Thursday, July 23rd. Analysts expect the company to post earnings of $0.85 per share and revenue of $60.0780 million for the quarter. Parties may visit the the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, July 23, 2026 at 11:00 AM ET.

Independent Bank (NASDAQ:IBCP) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. Independent Bank had a net margin of 22.02% and a return on equity of 14.15%. The business had revenue of $58.90 million for the quarter, compared to the consensus estimate of $60.36 million. On average, analysts expect Independent Bank to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Independent Bank Stock Up 0.0%

Shares of Independent Bank stock opened at $36.50 on Wednesday. The company has a fifty day moving average price of $34.96 and a 200 day moving average price of $34.51. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.13. Independent Bank has a twelve month low of $29.63 and a twelve month high of $39.17. The stock has a market cap of $752.26 million, a price-to-earnings ratio of 10.90 and a beta of 0.71.

Insider Transactions at Independent Bank

In other Independent Bank news, EVP Stefanie M. Kimball sold 1,400 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $34.41, for a total value of $48,174.00. Following the transaction, the executive vice president directly owned 64,327 shares of the company’s stock, valued at $2,213,492.07. This represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.91% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Occudo Quantitative Strategies LP boosted its stake in Independent Bank by 3.2% during the 4th quarter. Occudo Quantitative Strategies LP now owns 11,525 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 355 shares during the period. Cetera Investment Advisers increased its stake in shares of Independent Bank by 1.7% in the fourth quarter. Cetera Investment Advisers now owns 22,254 shares of the financial services provider’s stock valued at $724,000 after purchasing an additional 363 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Independent Bank by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,816 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 464 shares during the period. Man Group plc raised its holdings in shares of Independent Bank by 2.7% during the fourth quarter. Man Group plc now owns 18,861 shares of the financial services provider’s stock valued at $614,000 after buying an additional 501 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Independent Bank by 6.1% during the third quarter. Intech Investment Management LLC now owns 10,568 shares of the financial services provider’s stock valued at $327,000 after buying an additional 611 shares during the last quarter. 79.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IBCP shares. Hovde Group upgraded Independent Bank from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $36.00 to $41.00 in a research note on Friday, July 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Independent Bank in a report on Tuesday, June 9th. DA Davidson boosted their price target on Independent Bank from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Finally, Piper Sandler reduced their price target on Independent Bank from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

About Independent Bank

Independent Bank Corporation (NASDAQ: IBCP) is a bank holding company headquartered in Grand Rapids, Michigan. Through its primary subsidiary, Independent Bank, the company offers a full range of commercial and personal banking services designed to meet the needs of individuals, small businesses and corporate clients. The company’s offerings span traditional branch-based banking as well as digital and mobile platforms.

Independent Bank provides deposit products such as checking and savings accounts, money market accounts and certificates of deposit.