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IBCP Independent Bank Corporation

Independent Bank Corporation is a Michigan-based bank holding company with total assets of approximately $4.2 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and insurance. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

Company profile

Ticker
IBCP
Exchange
CEO
William Bradford Kessel
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
382032782

IBCP stock data

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Calendar

6 May 21
30 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Boer William J Common Stock Grant Aquire A No No 21.71 380 8.25K 20,577.69
1 Jul 21 Christina Keller Phantom Stock Units Common Stock Grant Aquire A No No 19.54 767.7 15K 7,098.86
1 Jul 21 Budden Joan A Phantom Stock Units Common Stock Grant Aquire A No No 19.54 844.46 16.5K 21,555.08
1 Jul 21 Matthew J Missad Phantom Stock Units Common Stock Grant Aquire A No No 19.54 460.62 9K 13,345.96
11 Jun 21 Kruse Ronia F Common Stock Buy Aquire P No No 22.6 1,000 22.6K 1,000
15 May 21 Christina Keller Phantom Stock Units Common Stock Grant Aquire A No No 23.54 55.98 1.32K 6,331.16
15 May 21 Budden Joan A Phantom Stock Units Common Stock Grant Aquire A No No 23.54 183.14 4.31K 20,710.62
15 May 21 Matthew J Missad Phantom Stock Units Common Stock Grant Aquire A No No 23.54 113.94 2.68K 12,885.34

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

79.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 131 123 +6.5%
Opened positions 15 17 -11.8%
Closed positions 7 6 +16.7%
Increased positions 46 35 +31.4%
Reduced positions 43 47 -8.5%
13F shares
Current Prev Q Change
Total value 638.86M 400.93M +59.3%
Total shares 17.31M 17.36M -0.3%
Total puts 19.5K 13.2K +47.7%
Total calls 19.9K 10.4K +91.3%
Total put/call ratio 1.0 1.3 -22.8%
Largest owners
Shares Value Change
BLK Blackrock 2.44M $57.6M +13.3%
FJ Capital Management 1.52M $35.86M +1.7%
Vanguard 1.1M $26.12M -0.2%
Renaissance Technologies 838.3K $19.82M -12.8%
LSV Asset Management 817.6K $19.33M -1.3%
STT State Street 779.49K $18.43M +25.8%
Dimensional Fund Advisors 558.32K $13.2M +12.1%
JPM JPMorgan Chase & Co. 553.4K $13.08M +18.5%
Maltese Capital Management 465.04K $10.99M -39.3%
Manufacturers Life Insurance Company, The 427.27K $10.1M -1.3%
Largest transactions
Shares Bought/sold Change
Maltese Capital Management 465.04K -301.09K -39.3%
BLK Blackrock 2.44M +286.52K +13.3%
STT State Street 779.49K +159.69K +25.8%
Renaissance Technologies 838.3K -122.69K -12.8%
JPM JPMorgan Chase & Co. 553.4K +86.52K +18.5%
Acadian Asset Management 411.18K -76.58K -15.7%
Millennium Management 0 -71.34K EXIT
MNGPF Man 0 -64.72K EXIT
PFG Principal Financial Group Inc - Registered Shares 327.76K +62.4K +23.5%
Dimensional Fund Advisors 558.32K +60.33K +12.1%

Financial report summary

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Competition
Veritex
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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