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NASDAQFinancial ServicesBanks - Regional
Latest quote
$36.76
−$0.23 · -0.62%
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.
Latest quote
$36.76
−$0.23 · -0.62%
After-hours
$36.76
$0.00 · 0.00%
Sep 9, 7:30 PM ET
Regular session · ET · Market data may be delayed.
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.
Day range
Current $36.76
52-week range
Current $36.76
Regular session · ET · Market data may be delayed.
GoAI Score
Hold
Valuation
66
Undervalued
Sentiment
55
Mixed
Risk
25
Moderate Risk
Momentum
50
Neutral
Full GoAI research
Thesis, catalysts, evidence, and risk analysis.
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.
Day range
Current $36.76
52-week range
Current $36.76
Profitability as a percentage of reported revenue.
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 315.38M USD | 316.33M USD | 283.83M USD | 224.23M USD | 207.12M USD |
| Cost of goods sold | 95.86M USD | 104.65M USD | 90M USD | 25.44M USD | 7.59M USD |
| Gross profit | 219.52M USD | 211.68M USD | 193.83M USD | 198.79M USD | 199.52M USD |
| Selling, general, and administrative | 97.23M USD | 91.83M USD | 85.09M USD | 86.09M USD | 83.28M USD |
| Operating expenses | 138.23M USD | 128.63M USD | 120.15M USD | 121M USD | 122.21M USD |
| Interest income | 269.74M USD | 266.78M USD | 239.68M USD | 169.01M USD | 138.08M USD |
| Interest expense | 89.72M USD | 100.53M USD | 83.35M USD | 19.45M USD | 8.32M USD |
| Depreciation and amortization | 9.91M USD | 10.01M USD | 10.02M USD | 10.83M USD | 12.13M USD |
| Operating income | 81.29M USD | 83.05M USD | 73.68M USD | 77.79M USD | 77.31M USD |
| Net income | 68.54M USD | 66.79M USD | 59.07M USD | 63.35M USD | 62.9M USD |
Company facts updated Sep 10, 2026.
Recent quarterly results
Recent quarterly results
Third-party consensus; not a GoAI recommendation.
Cash distributions grouped by calendar year; partial years are marked.
$1.04
2025 complete year+23.8% since 2021
2026 partial: $0.84
$0.84
2,021
$0.88
2,022
$0.92
2,023
$0.96
2,024
$1.04
2,025
$0.84
2,026*
* Partial calendar year in the available dividend history.
| Action | Ex-dividend date | Details | Record date | Payment date |
|---|---|---|---|---|
Dividend | Aug 4, 2026 | $0.28Quarterly | Aug 4, 2026 | Aug 14, 2026 |
Dividend | May 4, 2026 | $0.28Quarterly | May 4, 2026 | May 14, 2026 |
Dividend | Feb 3, 2026 | $0.28Quarterly | Feb 3, 2026 | Feb 13, 2026 |
Dividend | Nov 4, 2025 | $0.26Quarterly | Nov 4, 2025 | Nov 14, 2025 |
Dividend | Aug 5, 2025 | $0.26Quarterly | Aug 5, 2025 | Aug 15, 2025 |
Dividend | May 5, 2025 | $0.26Quarterly | May 5, 2025 | May 15, 2025 |
Ex-dividend Aug 4, 2026
$0.28
Quarterly
Record Aug 4, 2026 · Payment Aug 14, 2026
Ex-dividend May 4, 2026
$0.28
Quarterly
Record May 4, 2026 · Payment May 14, 2026
Ex-dividend Feb 3, 2026
$0.28
Quarterly
Record Feb 3, 2026 · Payment Feb 13, 2026
Ex-dividend Nov 4, 2025
$0.26
Quarterly
Record Nov 4, 2025 · Payment Nov 14, 2025
Ex-dividend Aug 5, 2025
$0.26
Quarterly
Record Aug 5, 2025 · Payment Aug 15, 2025
Ex-dividend May 5, 2025
$0.26
Quarterly
Record May 5, 2025 · Payment May 15, 2025
Funds reporting this stock among their holdings, ordered by reported position size.
Avantis U.S. Small Cap Value ETFAVUV26M0.08%31.45B USD0.25%$124.31-0.81%
Vanguard Morningstar Total Stock Market ETFVTI23.78M0.00%2.3T USD0.03%$375.56-0.54%
Schwab U.S. Dividend Equity ETFSCHD20.79M0.02%111.42B USD0.06%$34.09-0.93%
iShares Russell 2000 ETFIWM19.11M0.02%80.51B USD0.19%$290.64-1.37%
Vanguard Extended Market ETFVXF9.09M0.01%93.7B USD0.05%$238.67-1.11%
State Street SPDR S&P Regional Banking ETFKRE8.89M0.20%4.38B USD0.35%$73.45-1.16%
ProShares - Russell 2000 Dividend Growers ETFSMDV7.13M1.02%697.2M USD0.40%$75.35-1.01%
iShares Russell 2000 Value ETFIWN6.9M0.05%14.61B USD0.24%$220.48-1.02%Avantis U.S. Small Cap Value ETFAVUVVanguard Morningstar Total Stock Market ETFVTISchwab U.S. Dividend Equity ETFSCHDiShares Russell 2000 ETFIWMVanguard Extended Market ETFVXFState Street SPDR S&P Regional Banking ETFKREProShares - Russell 2000 Dividend Growers ETFSMDViShares Russell 2000 Value ETFIWNAI-generated and delayed market data for informational and educational purposes only. Not investment advice.
