INDEPENDENT BANK CORP /MI/(IBCP)Stock Analysis
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Rank #1,883 of 2,962 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
IBCP Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for INDEPENDENT BANK CORP /MI/ (IBCP), a Financials sector company. 13F Pro's AI-powered ranking engine scores IBCP at 45.1/100 on a 32-signal composite quality model, placing it at rank #1,883 of 2,962 stocks — the bottom half of the AI-ranked universe. IBCP scores in the top quartile across profitability (89.7). Areas of concern include institutional flow (8.6) and earnings quality (21.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 18.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), INDEPENDENT BANK CORP /MI/ reports quarterly revenue of $63.2M, net income of $18.8M, an operating margin of 35.9%. Top institutional holders of IBCP by reported 13-F value include BlackRock, DIMENSIONAL FUND ADVISORS, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. IBCP trades on the Nasdaq exchange and files with the SEC under CIK 39311. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate IBCP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for INDEPENDENT BANK CORP /MI/ directly from SEC EDGAR. INDEPENDENT BANK CORP /MI/'s 13F Pro composite quality score has ranged between 39 and 62 since 2024, currently 45.1 — a declining long-term trajectory across 55 quarterly and live scoring snapshots.
Revenue
Q2 2026
$63.2M
Net Income
Q2 2026
$18.8M
Free Cash Flow
Q2 2026
$16.7M
Operating Margin
Q2 2026
35.9%
ROIC
Q2 2026
17.2%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+1.4% YoYNet Income
+2.6% YoYEPS (Diluted)
+3.5% YoYTotal Assets
+3.1% YoYOp. Cash Flow
+21.4% YoYFree Cash Flow
+27.1% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $225.7M +1.4% | $222.6M +7.5% | $207.0M -2.1% | $211.5M +2.5% | $206.4M +1.0% | $204.4M |
| Net Income | $68.5M +2.6% | $66.8M +13.1% | $59.1M -6.8% | $63.4M +0.7% | $62.9M +12.0% | $56.2M |
| EPS (Diluted) | $3.27 +3.5% | $3.16 +13.3% | $2.79 -6.1% | $2.97 +3.1% | $2.88 +13.8% | $2.53 |
| Total Assets | $5.51B +3.1% | $5.34B +1.4% | $5.26B +5.3% | $5.00B +6.3% | $4.70B +11.9% | $4.20B |
| Operating Cash Flow | $76.7M +21.4% | $63.2M -16.5% | $75.6M -20.1% | $94.6M -14.1% | $110.2M +87.7% | $58.7M |
| Free Cash Flow | $70.2M +27.1% | $55.2M -20.6% | $69.6M -21.8% | $89.0M -14.7% | $104.3M +92.1% | $54.3M |
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13F Pro tracks comprehensive data for INDEPENDENT BANK CORP /MI/ including:
Top Institutional Holders of IBCP
BlackRock, Inc.
$107.7M2,984,939 shDIMENSIONAL FUND ADVISORS LP
$32.1M890,443 shVANGUARD CAPITAL MANAGEMENT LLC
$31.7M879,625 shSTATE STREET CORP
$29.7M824,463 shAMERICAN CENTURY COMPANIES INC
$28.2M780,992 shACADIAN ASSET MANAGEMENT LLC
$27.3M756,325 shCHARLES SCHWAB INVESTMENT MANAGEMENT INC
$25.2M697,724 shRENAISSANCE TECHNOLOGIES LLC
$22.3M617,500 shGEODE CAPITAL MANAGEMENT, LLC
$19.4M537,677 shGOLDMAN SACHS GROUP INC
$15.0M415,987 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $107.7M | 2,984,939 |
| DIMENSIONAL FUND ADVISORS LP | $32.1M | 890,443 |
| VANGUARD CAPITAL MANAGEMENT LLC | $31.7M | 879,625 |
| STATE STREET CORP | $29.7M | 824,463 |
| AMERICAN CENTURY COMPANIES INC | $28.2M | 780,992 |
| ACADIAN ASSET MANAGEMENT LLC | $27.3M | 756,325 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $25.2M | 697,724 |
| RENAISSANCE TECHNOLOGIES LLC | $22.3M | 617,500 |
| GEODE CAPITAL MANAGEMENT, LLC | $19.4M | 537,677 |
| GOLDMAN SACHS GROUP INC | $15.0M | 415,987 |
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Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.
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Popular Research
Is IBCP a good stock to buy?
13F Pro's AI-powered analysis of INDEPENDENT BANK CORP /MI/ (IBCP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for IBCP are available on the IBCP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. IBCP is classified as a small company.
Which hedge funds own IBCP?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling IBCP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of INDEPENDENT BANK CORP /MI/'s investment landscape.