IBCP
Bearish signal
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Financial indicators Unavailable or mixed. Current ratio 0.03 · operating margin 26% — readings disagree
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
VENTE TOTALE: 2 000 titres (~74 200,00 $ US)
- Insiders
- Kessel William B
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$74,200
Avg sell (VWAP, 90d window) $37.45 vs last close —
- Last activity
- 2026-09-15
- Last synced
-
2026-09-21 10:15:11
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-09-15 | Kessel William B | Sell | 100 | $37.41 | $3,741 | Form 4 |
| 2026-08-19 | Kreter Kristopher | Sell | 300 | $37.11 | $11,133 | Form 4 |
| 2026-08-10 | TWAROZYNSKI JAMES J | Sell | 489 | $37.67 | $18,420 | Form 4 |
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
Market snapshot
Signal
Bearish signalScored 2026-09-16
IBCP presents a deeply unfavorable risk profile driven by critically low liquidity ratios (~0.03 current/quick) and an interest coverage ratio below 1.0, signaling acute short-term financial stress despite stable net…
The first sentence of the analysis written for IBCP on 2026-09-16 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 69.6% | 66.9% | 68.3% | 88.7% | 96.3% | |
| Ebit Margin | 25.8% | 26.3% | 26.0% | 34.7% | 37.3% | |
| Ebitda Margin | 28.9% | 29.4% | 29.5% | 39.5% | 43.2% | |
| Operating Profit Margin | 25.8% | 26.3% | 26.0% | 34.7% | 37.3% | |
| Pretax Profit Margin | 25.8% | 26.3% | 26.0% | 34.7% | 37.3% | |
| Continuous Operations Profit Margin | 21.7% | 21.1% | 20.8% | 28.3% | 30.4% | |
| Net Profit Margin | 21.7% | 21.1% | 20.8% | 28.3% | 30.4% | |
| Bottom Line Profit Margin | 21.7% | 21.1% | 20.8% | 28.3% | 30.4% | |
| Current Ratio | 0.034 | 0.031 | 0.184 | 0.216 | 0.378 | |
| Quick Ratio | 0.034 | 0.031 | 0.184 | 0.216 | 0.378 | |
| Solvency Ratio | 0.016 | 0.016 | 0.014 | 0.016 | 0.017 | |
| Cash Ratio | 0.029 | 0.026 | 0.037 | 0.016 | 0.026 | |
| Price To Earnings Ratio | 9.858 | 10.884 | 9.227 | 7.973 | 8.203 | |
| Price To Earnings Growth Ratio | 3.154 | 0.808 | -1.538 | 2.578 | 0.600 | |
| Forward Price To Earnings Growth Ratio | 3.154 | 0.808 | -1.538 | 2.578 | 0.600 | |
| Price To Earnings Diluted Ratio | 9.948 | 11.022 | 9.326 | 8.054 | 8.288 | |
| Price To Earnings Diluted Growth Ratio | 2.858 | 0.831 | -1.539 | 2.577 | 0.599 | |
| Price To Book Ratio | 1.337 | 1.599 | 1.348 | 1.453 | 1.295 | |
| Price To Sales Ratio | 2.132 | 2.298 | 1.920 | 2.253 | 2.491 | |
| Price To Free Cash Flow Ratio | 9.583 | 13.170 | 7.835 | 5.678 | 4.946 | |
| Price To Operating Cash Flow Ratio | 8.771 | 11.512 | 7.210 | 5.338 | 4.683 | |
| Debt To Assets Ratio | 0.021 | 0.023 | 0.025 | 0.045 | 0.023 | |
| Debt To Equity Ratio | 0.232 | 0.274 | 0.320 | 0.650 | 0.273 | |
| Debt To Capital Ratio | 0.189 | 0.215 | 0.242 | 0.394 | 0.215 | |
| Long Term Debt To Capital Ratio | 0.189 | 0.215 | 0.242 | 0.322 | 0.215 | |
| Financial Leverage Ratio | 10.947 | 11.740 | 13.015 | 14.384 | 11.807 | |
| Working Capital Turnover Ratio | -0.069 | -0.076 | -0.077 | -0.073 | -0.082 | |
| Operating Cash Flow Ratio | 0.016 | 0.014 | 0.016 | 0.021 | 0.026 | |
| Operating Cash Flow Sales Ratio | 0.243 | 0.200 | 0.266 | 0.422 | 0.532 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.915 | 0.874 | 0.920 | 0.940 | 0.947 | |
| Debt Service Coverage Ratio | 0.874 | 0.764 | 0.829 | 0.922 | 9.023 | |
| Interest Coverage Ratio | 0.906 | 0.826 | 0.884 | 4.000 | 9.298 | |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | 0.000 | 0.000 | 1.551 | 0.000 | |
| Operating Cash Flow Coverage Ratio | 0.656 | 0.508 | 0.585 | 0.419 | 1.011 | |
| Capital Expenditure Coverage Ratio | 11.805 | 7.944 | 12.548 | 16.663 | 18.872 | |
| Dividend Paid And Capex Coverage Ratio | 2.729 | 2.256 | 2.982 | 3.903 | 4.591 | |
| Dividend Payout Ratio | 0.315 | 0.300 | 0.327 | 0.293 | 0.289 | |
| Enterprise Value Multiple | 7.137 | 7.861 | 6.028 | 7.412 | 5.762 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 69.6% | ▲2.7% | ▼-8.3% |
| Ebit Margin | 25.8% | ▼-0.5% | ▼-4.2% |
| Ebitda Margin | 28.9% | ▼-0.5% | ▼-5.2% |
| Operating Profit Margin | 25.8% | ▼-0.5% | ▼-4.2% |
| Pretax Profit Margin | 25.8% | ▼-0.5% | ▼-4.2% |
| Continuous Operations Profit Margin | 21.7% | ▲0.6% | ▼-2.7% |
| Net Profit Margin | 21.7% | ▲0.6% | ▼-2.7% |
| Bottom Line Profit Margin | 21.7% | ▲0.6% | ▼-2.7% |
| Current Ratio | 0.034 | ▲0.003 | ▼-0.135 |
| Quick Ratio | 0.034 | ▲0.003 | ▼-0.135 |
| Solvency Ratio | 0.016 | -0.000 | ▼-0.000 |
| Cash Ratio | 0.029 | ▲0.003 | ▲0.002 |
| Price To Earnings Ratio | 9.858 | ▼-1.027 | ▲0.629 |
| Price To Earnings Growth Ratio | 3.154 | ▲2.347 | ▲2.034 |
| Forward Price To Earnings Growth Ratio | 3.154 | ▲2.347 | ▲2.034 |
| Price To Earnings Diluted Ratio | 9.948 | ▼-1.074 | ▲0.620 |
| Price To Earnings Diluted Growth Ratio | 2.858 | ▲2.027 | ▲1.792 |
| Price To Book Ratio | 1.337 | ▼-0.262 | ▼-0.069 |
| Price To Sales Ratio | 2.132 | ▼-0.166 | ▼-0.087 |
| Price To Free Cash Flow Ratio | 9.583 | ▼-3.586 | ▲1.341 |
| Price To Operating Cash Flow Ratio | 8.771 | ▼-2.740 | ▲1.268 |
| Debt To Assets Ratio | 0.021 | ▼-0.002 | ▼-0.006 |
| Debt To Equity Ratio | 0.232 | ▼-0.041 | ▼-0.117 |
| Debt To Capital Ratio | 0.189 | ▼-0.026 | ▼-0.062 |
| Long Term Debt To Capital Ratio | 0.189 | ▼-0.026 | ▼-0.048 |
| Financial Leverage Ratio | 10.947 | ▼-0.793 | ▼-1.432 |
| Working Capital Turnover Ratio | -0.069 | ▲0.007 | ▲0.006 |
| Operating Cash Flow Ratio | 0.016 | ▲0.003 | ▼-0.003 |
| Operating Cash Flow Sales Ratio | 0.243 | ▲0.043 | ▼-0.089 |
| Free Cash Flow Operating Cash Flow Ratio | 0.915 | ▲0.041 | ▼-0.004 |
| Debt Service Coverage Ratio | 0.874 | ▲0.110 | ▼-1.608 |
| Interest Coverage Ratio | 0.906 | ▲0.080 | ▼-2.277 |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | 0.000 | ▼-0.310 |
| Operating Cash Flow Coverage Ratio | 0.656 | ▲0.148 | ▲0.020 |
| Capital Expenditure Coverage Ratio | 11.805 | ▲3.861 | ▼-1.761 |
| Dividend Paid And Capex Coverage Ratio | 2.729 | ▲0.473 | ▼-0.563 |
| Dividend Payout Ratio | 0.315 | ▲0.015 | ▲0.010 |
| Enterprise Value Multiple | 7.137 | ▼-0.724 | ▲0.297 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $672.4M | $727.0M | $545.0M | $505.1M | $515.9M | |
| Enterprise value | $650.9M | $731.5M | $504.5M | $656.8M | $515.4M | |
| EV / Sales | 2.06x | 2.31x | 1.78x | 2.93x | 2.49x | |
| EV / Op. cash flow | 8.49x | 11.58x | 6.67x | 6.94x | 4.68x | |
| EV / Free cash flow | 9.28x | 13.25x | 7.25x | 7.38x | 4.94x | |
| EV / EBITDA | 7.14x | 7.86x | 6.03x | 7.41x | 5.76x | |
| Net debt / EBITDA | -0.24x | 0.05x | -0.48x | 1.71x | -0.01x | |
| Current ratio | 0.03x | 0.03x | 0.18x | 0.22x | 0.38x | |
| Income quality | 1.12x | 0.95x | 1.28x | 1.49x | 1.75x | |
| Graham number | $43 | $40 | $35 | $33 | $35 | |
| Graham net-net | -$234 | -$227 | -$191 | -$175 | -$127 | |
| Tax burden | 84.3% | 80.4% | 80.2% | 81.4% | 81.4% | |
| Interest burden | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Working capital | -$4.60B | -$4.51B | -$3.77B | -$3.57B | -$2.61B | |
| Invested capital | -$4.50B | -$4.39B | -$3.67B | -$3.46B | -$2.51B | |
| Return on assets | 1.2% | 1.3% | 1.1% | 1.3% | 1.3% | |
| Operating ROA | 1.5% | 1.6% | 1.4% | 1.6% | 1.7% | |
| Return on tangible assets | 1.3% | 1.3% | 1.1% | 1.3% | 1.4% | |
| Return on equity | 13.6% | 14.7% | 14.6% | 18.2% | 15.8% | |
| Return on invested capital | 9.2% | 9.8% | 9.2% | 12.4% | 12.4% | |
| Return on capital employed | 10.9% | 12.1% | 11.5% | 17.2% | 15.2% | |
| Earnings yield | 10.2% | 9.2% | 10.8% | 12.5% | 12.2% | |
| Free cash flow yield | 10.4% | 7.6% | 12.8% | 17.6% | 20.2% | |
| Capex / Op. cash flow | 8.5% | 12.6% | 8.0% | 6.0% | 5.3% | |
| Capex / Depreciation | 65.6% | 79.5% | 60.1% | 52.5% | 48.1% | |
| Capex / Sales | 2.1% | 2.5% | 2.1% | 2.5% | 2.8% | |
| SG&A / Sales | 30.8% | 29.0% | 30.0% | 38.4% | 40.2% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 0.9% | 0.7% | 0.8% | 1.0% | 0.9% | |
| Intangibles / Total assets | 1.1% | 1.4% | 1.4% | 1.5% | 1.2% | |
| Days sales outstanding | 0d | 0d | 0d | 210d | 117d | |
| Days payables outstanding | 0d | 0d | 0d | 0d | 0d | |
| Operating cycle | 0d | 0d | 0d | 210d | 117d | |
| Cash conversion cycle | 0d | 0d | 0d | 210d | 117d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Valuation
Market cap ▼-7.5%EV / Sales ▼-10.7%EV / EBITDA ▼-9.2%EV / Op. cash flow ▼-3.092Earnings yield ▲+0.010Graham number ▲+3.002
Profitability
Return on equity ▼-0.011Return on assets -0.000Return on invested capital ▼-0.006Return on capital employed ▼-0.012Operating ROA ▼-0.001Income quality ▲+0.173Tax burden ▲+0.039
Efficiency
Days sales outstanding n/aDays payables outstanding n/aOperating cycle n/aCash conversion cycle n/aCapex / Sales ▼-0.005R&D / Sales n/a
Balance-sheet strength
Current ratio ▲+0.003Net debt / EBITDA ▼-0.284Working capital ▼-91257000.000Invested capital ▼-105567000.000Intangibles / Total assets ▼-0.003
Change over 5 years
Valuation
Market cap ▲+30.3%EV / Sales ▼-17.1%EV / EBITDA ▲+23.9%EV / Op. cash flow ▲+3.812Earnings yield ▼-0.020Graham number ▲+7.861
Profitability
Return on equity ▼-0.022Return on assets ▼-0.001Return on invested capital ▼-0.032Return on capital employed ▼-0.043Operating ROA ▼-0.002Income quality ▼-0.633Tax burden ▲+0.030
Efficiency
Days sales outstanding ▼-116.558Days payables outstanding n/aOperating cycle ▼-116.558Cash conversion cycle ▼-116.558Capex / Sales ▼-0.008R&D / Sales n/a
Balance-sheet strength
Current ratio ▼-0.345Net debt / EBITDA ▼-0.230Working capital ▼-1991222000.000Invested capital ▼-1985728000.000Intangibles / Total assets ▼-0.001
Employee count
Peer market caps
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Recent news
- 2026-09-04 This is Why Independent Bank (IBCP) is a Great Dividend Stock Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
- 2026-08-19 Independent Bank (IBCP) Could Be a Great Choice Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
- 2026-08-03 Are You Looking for a High-Growth Dividend Stock? Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?
- 2026-07-27 All You Need to Know About Independent Bank (IBCP) Rating Upgrade to Buy Independent Bank (IBCP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
- 2026-07-23 Independent Bank Corporation (IBCP) Q2 2026 Earnings Call Transcript Independent Bank Corporation (IBCP) Q2 2026 Earnings Call Transcript
- 2026-07-23 Independent Bank Q2 Earnings Call Highlights Independent Bank NASDAQ: IBCP reported higher second-quarter 2026 earnings as net interest income rose, loan growth accelerated and the company continued to build capital while preparing to integrate its recently completed acquisition of HCB Financial Corp.
- 2026-07-23 Independent Bank (IBCP) Reports Q2 Earnings: What Key Metrics Have to Say The headline numbers for Independent Bank (IBCP) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 2026-07-23 Independent Bank (IBCP) Surpasses Q2 Earnings and Revenue Estimates Independent Bank (IBCP) came out with quarterly earnings of $0.9 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.81 per share a year ago.
- 2026-07-23 Independent Bank Corporation Reports 2026 Second Quarter Earnings of $0.90 per Diluted Share GRAND RAPIDS, Mich., July 23, 2026 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2026 net income of $18.8 million, or $0.90 per diluted share, versus net income of $16.9 million, or $0.81 per diluted share, in the prior-year period.
- 2026-07-22 Independent Bank Corporation Appoints Nathan E. Tagg to Its Board of Directors GRAND RAPIDS, Mich., July 22, 2026 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company for Independent Bank and Highpoint Community Bank, today announced the appointment of Nathan E. Tagg to the Boards of Directors of Independent Bank Corporation, Independent Bank, and Highpoint Community Bank, effective July 21, 2026. Mr. Tagg previously served on the Boards of Directors of HCB Financial Corp. and Highpoint Community Bank until their acquisition by the company on July 1, 2026. Mr. Tagg has also been appointed to the Audit Committee of the Independent Bank Corporation Board of Directors.