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Independent Bank Corporation IBCP Price / book

Price / book at other companies

Financial InstitutionsFISI

1×+0.1×

Fifth Third BankFITB

1.2×0.0×

Huntington BancsharesHBAN

1×-0.1×

Great Southern BancorpGSBC

1.1×0.0×

Independent Bank CorpINDB

1×+0.2×

Southern Missouri BancorpSMBC

1.2×+0.1×

Other financials

Income statement

Revenue$58.9M+8.9%

Net income$16.9M+8.2%

EPS (diluted)$0.81+9.5%

Balance sheet

Cash & equivalents$174.9M+36.5%

Total debt$7.2M+13.4%

Total equity$510.6M+9.3%

Total assets$5.6B+4.3%

Cash flow

Operating cash flow-$9.2M-148%

CapEx$4.6M+311%

Free cash flow-$13.8M-176%

Valuation

Market cap$733.37M+16.4%

Enterprise value$565.68M+11.3%

P/E10.5×+1.0×

P/S3.2×+0.4×

Profitability

Net margin30.3%+0.7pp

FCF margin16.6%-7.1pp

Returns & leverage

Return on equity14.3%-0.8pp

Debt / equity0×0.0×

Where this comes from

Calculated from Independent Bank Corporation’s reported figures.

market cap/total stockholders equity=1.3×

Based on the most recent quarter.

The official record: Independent Bank Corporation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Independent Bank Corporation's price / book?: Independent Bank Corporation (IBCP) reported price / book of 1.3× in Q1 2026.
How has Independent Bank Corporation's price / book changed year-over-year?: Independent Bank Corporation's price / book decreased by 2.8% year-over-year, from 1.4× to 1.3×.
What is the long-term trend for Independent Bank Corporation's price / book?: Over 5 years (2020 to 2025), Independent Bank Corporation's price / book has grown at a 5.8% compound annual growth rate (CAGR), from 1× to 1.3×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.