Independent Bank Corp. (IBCP)
Nasdaq · State Commercial Banks · Finance, insurance and real estate · CIK 39311 · fiscal year ends in Dec
Closing price $37.09 on 29 Oct 2026; 52-week range $30.08 to $38.67.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $237.7M
- Revenue growth
- 6.4%
- Net income, last twelve months
- $71.8M
- Earnings per share
- $3.44
- Net margin
- 30.2%
- Free cash flow
- $25.9M
- Return on equity
- 13.6%
- Market value
- $764.1M
- Price to earnings
- 10.8x
- Dividend yield
- 2.9%
- Cash
- $165.4M
- Debt
- $166.9M
- Debt to equity
- 0.32
- Shares outstanding
- 20.6M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $225.7M | – | $68.5M | $3.27 | $70.2M | 10-K filed 6 Mar 2026 |
| FY2024 | 31 Dec 2024 | $222.6M | – | $66.8M | $3.16 | $55.2M | 10-K filed 7 Mar 2025 |
| FY2023 | 31 Dec 2023 | $207.0M | – | $59.1M | $2.79 | $69.6M | 10-K filed 8 Mar 2024 |
| FY2022 | 31 Dec 2022 | $211.5M | – | $63.4M | $2.97 | $89.0M | 10-K filed 3 Mar 2023 |
| FY2021 | 31 Dec 2021 | $206.4M | – | $62.9M | $2.88 | $104.3M | 10-K filed 4 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $63.2M | $18.8M | $0.90 |
| Q1 FY2026 | 31 Mar 2026 | $58.9M | $16.9M | $0.81 |
| Q4 FY2025 | 31 Dec 2025 | $58.3M | $18.6M | $0.89 |
| Q3 FY2025 | 30 Sep 2025 | $57.3M | $17.5M | $0.84 |
| Q2 FY2025 | 30 Jun 2025 | $55.9M | $16.9M | $0.81 |
| Q1 FY2025 | 31 Mar 2025 | $54.1M | $15.6M | $0.74 |
| Q4 FY2024 | 31 Dec 2024 | $62.0M | $18.5M | $0.87 |
| Q3 FY2024 | 30 Sep 2024 | $51.4M | $13.8M | $0.65 |
Company events
The newest 8-K filings of 250 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 27 Oct 2026 | 8-K | Results | 2.02, 9.01 |
| 27 Jul 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 23 Jul 2026 | 8-K | Results | 2.02, 9.01 |
| 18 Jun 2026 | 8-K | Other events | 8.01 |
| 12 Jun 2026 | 8-K | Other events | 8.01, 9.01 |
| 29 Apr 2026 | 8-K | Investor update | 7.01, 9.01 |
| 24 Apr 2026 | 8-K | Shareholder vote | 5.07, 9.01 |
| 23 Apr 2026 | 8-K | Results | 2.02, 9.01 |
| 21 Apr 2026 | 8-K | Investor update | 7.01, 9.01 |
| 18 Mar 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 22 Jan 2026 | 8-K | Results | 2.02, 9.01 |
| 19 Dec 2025 | 8-K | Leadership change | 5.02, 9.01 |
Every filing
The newest filings with the SEC of 593 held.
| Filed | Form | Period |
|---|---|---|
| 27 Oct 2026 | 8-K | 27 Oct 2026 |
| 5 Aug 2026 | 10-Q | 30 Jun 2026 |
| 27 Jul 2026 | 8-K | 21 Jul 2026 |
| 23 Jul 2026 | 8-K | 23 Jul 2026 |
| 18 Jun 2026 | 8-K | 17 Jun 2026 |
| 12 Jun 2026 | 8-K | 11 Jun 2026 |
| 22 May 2026 | EFFECT | – |
| 21 May 2026 | CORRESP | – |
| 21 May 2026 | S-4/A | – |
| 21 May 2026 | S-4/A | – |
| 11 May 2026 | UPLOAD | – |
| 6 May 2026 | 10-Q | 31 Mar 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 15 Sep 2026 | Kessel William B, President & CEO | Sale outside a trading plan | 100 | $37.10 | $3.7K | 159,736 | 16 Sep 2026 |
| 15 Sep 2026 | Kessel William B, President & CEO | Sale outside a trading plan | 194 | $37.17 | $7.2K | 159,542 | 16 Sep 2026 |
| 15 Sep 2026 | Kessel William B, President & CEO | Sale outside a trading plan | 200 | $37.18 | $7.4K | 159,342 | 16 Sep 2026 |
| 15 Sep 2026 | Kessel William B, President & CEO | Sale outside a trading plan | 195 | $37.19 | $7.3K | 159,147 | 16 Sep 2026 |
| 15 Sep 2026 | Kessel William B, President & CEO | Sale outside a trading plan | 106 | $37.25 | $3.9K | 159,041 | 16 Sep 2026 |
| 15 Sep 2026 | Kessel William B, President & CEO | Sale outside a trading plan | 405 | $37.30 | $15.1K | 158,636 | 16 Sep 2026 |
| 15 Sep 2026 | Kessel William B, President & CEO | Sale outside a trading plan | 600 | $37.36 | $22.4K | 158,036 | 16 Sep 2026 |
| 15 Sep 2026 | Kessel William B, President & CEO | Sale outside a trading plan | 100 | $37.38 | $3.7K | 157,936 | 16 Sep 2026 |
| 15 Sep 2026 | Kessel William B, President & CEO | Sale outside a trading plan | 100 | $37.41 | $3.7K | 157,836 | 16 Sep 2026 |
| 19 Aug 2026 | Kreter Kristopher, First Vice Pres. & Controller | Sale outside a trading plan | 300 | $37.11 | $11.1K | 2,207 | 20 Aug 2026 |
| 10 Aug 2026 | Twarozynski James J, Senior Vice President | Sale outside a trading plan | 489 | $37.67 | $18.4K | 8,195 | 10 Aug 2026 |
| 9 Jun 2026 | Ervin Patrick J, Executive Vice President | Sale outside a trading plan | 780 | $35.42 | $27.6K | 36,440 | 10 Jun 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 15 Sep 2026 | Kessel William B, Officer | 2,000 | $74.6K | 15 Sep 2026 |
| 9 Jun 2026 | Ervin Patrick J, Officer | 2,500 | $86.9K | 9 Jun 2026 |
| 12 Dec 2025 | Ervin Patrick J, Officer | 3,000 | $104.6K | 12 Dec 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 6 May 2026 | FMR LLC | 13G amended | 2.7% | 566.2K |
| 30 Apr 2026 | Vanguard Capital Management | 13G | 5.14% | 1.1M |
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 668.3K | -13.33% | 3.47 |
| 30 Sep 2026 | 771.1K | +1.83% | 3.57 |
| 15 Sep 2026 | 757.2K | +8.92% | 4.99 |
| 31 Aug 2026 | 695.2K | +10.35% | 4.02 |
| 14 Aug 2026 | 630.0K | +15.71% | 3.47 |
| 31 Jul 2026 | 544.4K | +3.28% | 2.25 |
| 15 Jul 2026 | 527.1K | -27.4% | 3.05 |
| 30 Jun 2026 | 726.0K | +14.86% | 3.2 |
Funds that hold it
From each fund's latest Form 13F.
206 funds held it at 30 Jun 2026: 102 added and 42 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 2,984,939 | $107.7M | +91,860 |
| Dimensional Fund Advisors LP | 890,443 | $32.1M | +29,296 |
| Vanguard Capital Management LLC | 879,625 | $31.7M | -25,575 |
| State Street Corp. | 824,463 | $29.7M | +111,277 |
| American Century Companies Inc. | 780,992 | $28.2M | +67,729 |
| Acadian Asset Management LLC | 756,325 | $27.3M | +160,546 |
| Charles Schwab Investment Management Inc. | 697,724 | $25.2M | +74,697 |
| Renaissance Technologies LLC | 617,500 | $22.3M | +35,209 |
| Geode Capital Management, LLC | 537,677 | $19.4M | +34,247 |
| Goldman Sachs Group Inc. | 415,987 | $15.0M | -127,163 |
Peers
Companies in the same industry.
- Bank of Nova Scotia (BNS): revenue $27.0B, market value $118.0B
- Bank of New York Mellon Corp. (BNY): revenue $21.4B, market value $101.3B
- Itaú Unibanco Holding S.A. (ITUB): revenue $30.1B, market value $81.3B
- Fifth Third Bancorp (FITB): revenue $10.7B, market value $49.4B
- State Street Corp. (STT): revenue $15.5B, market value $47.4B
- M&T Bank Corp. (MTB): revenue $10.0B, market value $32.4B
- Northern Trust Corp. (NTRS): revenue $9.3B, market value $31.3B
- Banco Bradesco S.A. (BBD): revenue –, market value $27.8B
- Citizens Financial Group Inc. (CFG): revenue $8.9B, market value $27.7B
- First Citizens Bancshares Inc. (FCNCA): revenue $9.6B, market value $27.5B