Independent Bank: Independent Bank (IBCP) Projected to Release Earnings on Thursday

Independent Bank ( NASDAQ:IBCP - Get Free Report ) is expected to release its Q2 2026 results before the market opens on Thursday, July 23rd. Analysts expect the company to announce earnings of $0.85 per share and revenue of $60.0780 million for the quarter. Parties may review the information on the company's upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, July 23, 2026 at 11:00 AM ET. Independent Bank ( NASDAQ:IBCP - Get Free Report ) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.02. The firm had revenue of $58.90 million during the quarter, compared to the consensus estimate of $60.36 million. Independent Bank had a return on equity of 14.15% and a net margin of 22.02%. On average, analysts expect Independent Bank to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year. Independent Bank Price Performance IBCP opened at $36.29 on Thursday. The stock has a 50-day moving average price of $34.73 and a 200-day moving average price of $34.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $747.94 million, a PE ratio of 10.83 and a beta of 0.71. Independent Bank has a 1 year low of $29.63 and a 1 year high of $39.17. Independent Bank Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 4th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, May 4th. Independent Bank's dividend payout ratio is 33.43%. Analyst Ratings Changes Several brokerages have issued reports on IBCP. Piper Sandler decreased their target price on shares of Independent Bank from $39.00 to $37.00 and set a "neutral" rating for the company in a report on Monday, April 27th. Hovde Group upgraded shares of Independent Bank from a "market perform" rating to an "outperform" rating and increased their price target for the company from $36.00 to $41.00 in a report on Friday, July 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Independent Bank in a research report on Tuesday, June 9th. Finally, DA Davidson boosted their price objective on shares of Independent Bank from $36.00 to $37.00 and gave the stock a "neutral" rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $38.33. Get Our Latest Research Report on Independent Bank Insiders Place Their Bets In related news, EVP Stefanie M. Kimball sold 1,400 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $34.41, for a total value of $48,174.00. Following the sale, the executive vice president owned 64,327 shares in the company, valued at approximately $2,213,492.07. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website . 5.91% of the stock is currently owned by company insiders. Institutional Investors Weigh In On Independent Bank Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of Independent Bank by 4.5% in the 4th quarter. State Street Corp now owns 657,276 shares of the financial services provider's stock worth $21,381,000 after buying an additional 28,516 shares during the last quarter. Millennium Management LLC increased its position in Independent Bank by 60.5% during the third quarter. Millennium Management LLC now owns 389,220 shares of the financial services provider's stock valued at $12,056,000 after acquiring an additional 146,646 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Independent Bank by 25.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 377,891 shares of the financial services provider's stock valued at $12,293,000 after acquiring an additional 76,811 shares during the last quarter. Nuveen LLC lifted its holdings in Independent Bank by 13.5% in the fourth quarter. Nuveen LLC now owns 330,251 shares of the financial services provider's stock valued at $10,743,000 after acquiring an additional 39,193 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in Independent Bank by 37.0% in the third quarter. Qube Research & Technologies Ltd now owns 176,353 shares of the financial services provider's stock valued at $5,463,000 after acquiring an additional 47,652 shares during the period. 79.43% of the stock is currently owned by hedge funds and other institutional investors. About Independent Bank ( Get Free Report ) Independent Bank Corporation (NASDAQ: IBCP) is a bank holding company headquartered in Grand Rapids, Michigan. Through its primary subsidiary, Independent Bank, the company offers a full range of commercial and personal banking services designed to meet the needs of individuals, small businesses and corporate clients. The company's offerings span traditional branch-based banking as well as digital and mobile platforms. Independent Bank provides deposit products such as checking and savings accounts, money market accounts and certificates of deposit. See Also Five stocks we like better than Independent Bank Why Johnson & Johnson's Earnings Dip Looks Like a Buying Opportunity CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks Why ASML's AI Monopoly Is Still Getting Stronger Apple's AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings Receive News & Ratings for Independent Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independent Bank and related companies with MarketBeat.com's FREE daily email newsletter .