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Upturn AI SWOT - About
IBCP 
Independent Bank Corporation (IBCP)
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Upturn Advisory Summary
03/26/2025: IBCP (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 17.62% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 03/26/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 647.01M USD | Price to earnings Ratio 9.76 | 1Y Target Price 37.8 |
Price to earnings Ratio 9.76 | 1Y Target Price 37.8 | ||
Volume (30-day avg) 116967 | Beta 1.03 | 52 Weeks Range 22.04 - 40.03 | Updated Date 04/1/2025 |
52 Weeks Range 22.04 - 40.03 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 3.38% | Basic EPS (TTM) 3.16 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 30.62% | Operating Margin (TTM) 39.32% |
Management Effectiveness
Return on Assets (TTM) 1.26% | Return on Equity (TTM) 15.55% |
Valuation
Trailing PE 9.76 | Forward PE 12.05 | Enterprise Value 639420736 | Price to Sales(TTM) 2.97 |
Enterprise Value 639420736 | Price to Sales(TTM) 2.97 | ||
Enterprise Value to Revenue 3.57 | Enterprise Value to EBITDA - | Shares Outstanding 20972800 | Shares Floating 20463754 |
Shares Outstanding 20972800 | Shares Floating 20463754 | ||
Percent Insiders 4.81 | Percent Institutions 86.74 |
Analyst Ratings
Rating 3 | Target Price 37.6 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 5 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Independent Bank Corporation
Company Overview
History and Background
Independent Bank Corporation was founded in 1864 as First National Bank of Ionia. Over time, it expanded through acquisitions and organic growth, becoming Independent Bank Corporation. The company focuses on community banking within Michigan.
Core Business Areas
- Commercial Banking: Offers a range of financial services to businesses, including loans, lines of credit, deposit accounts, and cash management services.
- Retail Banking: Provides services to individual customers, including checking and savings accounts, mortgages, personal loans, and credit cards.
- Wealth Management: Provides wealth management and fiduciary services.
Leadership and Structure
The leadership team consists of the Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, and other executive officers. The organizational structure includes retail banking, commercial banking, and support functions.
Top Products and Market Share
Key Offerings
- Commercial Loans: Loans to businesses for various purposes such as working capital, equipment financing, and real estate. Competitors: larger national and regional banks (e.g., JPMorgan Chase, Bank of America) and other community banks. Market Share data not readily available.
- Mortgages: Residential mortgages for home purchases and refinancing. Competitors: Quicken Loans, Rocket Mortgage, local and national banks. Market Share data not readily available.
- Deposit Accounts: Checking and savings accounts for consumers and businesses. Competitors: Larger national and regional banks, credit unions, and online banks. Market Share data not readily available.
Market Dynamics
Industry Overview
The banking industry is currently facing challenges related to interest rate fluctuations, increasing regulatory scrutiny, and competition from fintech companies. Community banks like Independent Bank Corporation are focused on building strong customer relationships.
Positioning
Independent Bank Corporation positions itself as a community-focused bank, emphasizing personalized service and local expertise. Its competitive advantage lies in its strong relationships with local businesses and consumers.
Total Addressable Market (TAM)
The total addressable market for banking services in Michigan is estimated to be in the billions of dollars. Independent Bank Corporation is positioned to capture a portion of this market through its community banking approach.
Upturn SWOT Analysis
Strengths
- Strong local presence in Michigan
- Established customer relationships
- Experienced management team
- Sound capital position
Weaknesses
- Limited geographic diversification
- Smaller scale compared to larger competitors
- Reliance on traditional banking products
- Susceptibility to regional economic downturns
Opportunities
- Expansion into new markets within Michigan
- Adoption of new technologies to improve efficiency
- Growing demand for personalized banking services
- Increased lending activity in a recovering economy
Threats
- Increasing competition from larger banks and fintech companies
- Rising interest rates
- Economic downturns in Michigan
- Regulatory changes
Competitors and Market Share
Key Competitors
- CMA
- HBAN
- MBWM
Competitive Landscape
Independent Bank Corporation faces strong competition from larger national and regional banks, as well as other community banks. Its advantage lies in its local focus and personalized service. Its disadvantage is its smaller size and limited geographic reach.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth requires access to real-time data. Provide values once available.
Future Projections: Future projections require access to analyst estimates. Provide values once available.
Recent Initiatives: Recent initiatives may include expanding digital banking services, opening new branches, or acquiring smaller banks.
Summary
Independent Bank Corporation is a community-focused bank with a strong presence in Michigan. Its strengths include its established customer relationships and experienced management team. It needs to address its limited geographic diversification and compete effectively with larger banks and fintech companies. The company should look out for economic downturns in Michigan and regulatory changes.
Similar Companies
CMA
Comerica Inc
CMA
Comerica Inc
FCNCA
First Citizens BancShares Inc
FCNCA
First Citizens BancShares Inc
HBAN
Huntington Bancshares Incorporated
HBAN
Huntington Bancshares Incorporated
MBWM
Mercantile Bank Corporation
MBWM
Mercantile Bank Corporation
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Financial news outlets
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Independent Bank Corporation
Exchange NASDAQ | Headquaters Grand Rapids, MI, United States | ||
IPO Launch date 2001-01-02 | President, CEO & Director Mr. William Bradford Kessel CPA | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 732 | Website https://www.independentbank.com |
Full time employees 732 | Website https://www.independentbank.com | ||
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
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