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Trading name
|
Independent Bank |
|---|---|
|
Type
|
Public |
| Traded as | NASDAQ: IBCP Russell 2000 Component |
| Industry | Commercial banking |
| Founded | 1864 (1864) |
| Headquarters | Grand Rapids, MI, USA |
|
Number of locations
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64 |
|
Area served
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Lower Michigan |
|
Key people
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William Brad Kessel (CEO) |
| Total assets | US$2.3 billion |
| Subsidiaries |
|
| Website | www |
| Footnotes / references |
|
Independent Bank (NASDAQ: IBCP) of Grand Rapids, Michigan was founded in 1864 as First National Bank of Ionia with an original capital of US$50,000. Through the years, the bank opened and acquired new offices across the state of Michigan, primarily in Central and West Michigan. In 1974, Independent Bank Corporation was formed as the bank holding company and the offices were renamed to reflect this change.
Independent Bank Corporation, with total assets of US$2.3 billion, now operates more than 60 offices across Michigan, provides a full range of financial services including commercial accounts, treasury management, online and mobile banking, commercial and mortgage lending, investments and title services.
In March 2007, Independent Bank purchased ten TCF Bank branches in the Battle Creek, Bay City, and Saginaw, Michigan areas.
In December 2012, Independent bank sold 21 branches located mainly in Northern Michigan to competitor Chemical Bank based in Midland.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q3 2022 | 2022-10-19 | Future report Set alerts | |
| Q2 2022 | 2022-07-21 | 1.32 | 1.32 |
| Q1 2022 | 2022-04-21 | 1.23 | 1.23 |
| Q4 2021 | 2022-01-20 | 1.63 | 1.63 |
| Q3 2021 | 2021-10-21 | 1.21 | 1.21 |
| Q2 2021 | 2021-07-22 | 1.17 | 1.17 |
| Q1 2021 | 2021-04-22 | 1.26 | 1.26 |
| Q3 2020 | 2020-10-22 | 0.00 | 0.00 |
| Q2 2020 | 2020-07-23 | 0.76 | 0.76 |
| Q1 2020 | 2020-04-23 | 0.78 | 0.78 |
| 2016-04-22 | Downgrade | Compass Point | Buy to Neutral | $47.00 |
| 2016-03-11 | Reiterated Rating | Keefe, Bruyette & Woods | Hold | |
| 2016-01-27 | Lower Price Target | SunTrust | Neutral | $48.00 to $46.00 |
| 2016-01-27 | Lower Price Target | SunTrust Banks Inc. | Neutral | $48.00 to $46.00 |
| 2016-01-22 | Upgrade | Compass Point | Neutral to Buy | $45.00 to $47.00 |
| 2015-10-21 | Lower Price Target | SunTrust | Neutral | $48.00 |
| 2015-10-17 | Reiterated Rating | Compass Point | Hold | |
| 2015-10-16 | Boost Price Target | Compass Point | Neutral | $44.00 to $45.00 |
| 2015-07-21 | Reiterated Rating | Keefe, Bruyette & Woods | Hold | |
| 2015-07-21 | Reiterated Rating | Macquarie | Neutral | $44.00 to $45.00 |
| 2015-07-20 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $44.00 to $48.00 |
| 2015-06-29 | Boost Price Target | SunTrust | Neutral | $44.00 to $49.00 |
| 2015-06-24 | Downgrade | Robert W. Baird | Neutral to Underperform | $38.00 to $40.00 |
| 2015-06-10 | Downgrade | Drexel Hamilton | Buy to Hold | |
| 2015-04-21 | Boost Price Target | SunTrust | Neutral | $42.00 to $44.00 |
| 2015-04-17 | Downgrade | Keefe, Bruyette & Woods | Outperform to Market Perform | $44.00 |
| 2015-04-17 | Downgrade | Compass Point | Buy to Neutral | $44.00 |
| 2015-04-06 | Initiated Coverage | Macquarie | Neutral | $44.00 |
| 2014-12-10 | Downgrade | Sandler O'Neill | Buy to Hold | |
| 2014-09-04 | Initiated Coverage | Compass Point | Buy | $46.00 |
| 2014-08-08 | Lower Price Target | SunTrust | $40.00 to $39.00 | |
| 2014-08-08 | Upgrade | Sandler O'Neill | Hold to Buy | |
| 2014-08-07 | Upgrade | Guggenheim | Neutral to Buy | $41.00 |
| 2014-07-02 | Reiterated Rating | Keefe, Bruyette & Woods | Market Perform | |
| 2014-05-08 | Initiated Coverage | Drexel Hamilton | Buy | |
| 2014-04-22 | Lower Price Target | Keefe, Bruyette & Woods | $15.00 to $14.50 | |
| 2014-03-31 | Initiated Coverage | SunTrust | Neutral | $40.00 |
| 2014-03-14 | Upgrade | Keefe, Bruyette & Woods | Market Perform to Outperform | $40.00 to $44.00 |
| 2014-01-27 | Boost Price Target | Keefe, Bruyette & Woods | $38.00 to $40.00 | |
| 2013-09-24 | Boost Price Target | Keefe, Bruyette & Woods | $35.00 to $38.00 | |
| 2010-04-19 | Reiterated | RBC Capital Mkts | Sector Perform | $21 to $25 |
| 2010-03-08 | Downgrade | Robert W. Baird | Outperform to Neutral | $27 |
| 2008-11-11 | Upgrade | Stifel Nicolaus | Sell to Hold | |
| 2008-10-16 | Upgrade | Robert W. Baird | Neutral to Outperform | $30 |
| 2008-07-21 | Reiterated | RBC Capital Mkts | Sector Perform | $23 to $21 |
| 2007-04-13 | Reiterated | RBC Capital Mkts | Sector Perform | $27 to $26 |
| 2007-01-22 | Reiterated | RBC Capital Mkts | Sector Perform | $30 to $27 |
| 2016-04-22 | Downgrade | Compass Point | Buy to Neutral | $47.00 |
| 2016-03-11 | Reiterated Rating | Keefe, Bruyette & Woods | Hold | |
| 2016-01-27 | Lower Price Target | SunTrust | Neutral | $48.00 to $46.00 |
| 2016-01-27 | Lower Price Target | SunTrust Banks Inc. | Neutral | $48.00 to $46.00 |
| 2016-01-22 | Upgrade | Compass Point | Neutral to Buy | $45.00 to $47.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In INDB 206 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Inc. | 6.76M |
| Vanguard Group, Inc | 5.43M |
| STATE STREET CORP | 2.12M |
| BlackRock Fund Advisors | 2.10M |
| VICTORY CAPITAL MANAGEMENT INC | 1.72M |
| DIMENSIONAL FUND ADVISORS LP | 1.60M |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | 1.50M |
| Champlain Investment Partners, LLC | 1.23M |
| Channing Capital Management, LLC | 0.91M |
| GEODE CAPITAL MANAGEMENT, LLC | 0.85M |
| MACQUARIE GROUP LTD | 0.77M |
| BlackRock Institutional Trust Company, N.A. | 0.75M |
| GOLDMAN SACHS GROUP INC | 0.72M |
| Perkins Investment Management, LLC | 0.69M |
| NORTHERN TRUST CORP | 0.68M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| ODDLEIFSON CHRISTOPHER President and CEO | 0.38% (91367) | INDB / |
| JONES KEVIN J | 0.34% (80421) | INDB / |
| SHEAHAN DENIS K Chief Financial Officer | 0.24% (58487) | INDB / |
| SGARZI RICHARD H | 0.21% (49350) | INDB / |
| TEDESCHI BRIAN S | 0.17% (41722) | INDB / |
| Lundquist Jane Executive Vice President | 0.13% (30716) | INDB / |
| SULLIVAN MAURICE H JR | 0.12% (28955) | INDB / PEOP / |
| Cozzone Robert D CFO and Treasurer | 0.12% (27635) | INDB / |
| OBrien Daniel F | 0.10% (22912) | INDB / |
| Venables Thomas R | 0.09% (22123) | INDB / |
| FUERSCHBACH RAYMOND G Senior Vice President | 0.09% (21900) | INDB / |
| Nadeau Gerard F Executive Vice President | 0.09% (21884) | INDB / |
| GILMORE BENJAMIN A II | 0.08% (19301) | INDB / |
| MISKELL EILEEN C | 0.07% (16052) | INDB / |
| Bissonnette William P | 0.06% (15536) | INDB / |
| Jensen Barry H Principal Accounting Officer | 0.06% (14011) | INDB / |
| RIBEIRO CARL | 0.06% (13476) | INDB / |
| SEKSAY EDWARD H General Counsel | 0.05% (13058) | INDB / |
| JANKOWSKI EDWARD F Chief Technology & Ops Officer | 0.05% (13050) | INDB / |
| SPURR JOHN H JR | 0.05% (11798) | INDB / |
| Abelli Donna L | 0.04% (10052) | INDB / |
| TAW FREDERICK | 0.04% (8601) | INDB / PEOP / |
| MORRISSEY JOHN J | 0.03% (6283) | INDB / |
| Harris Maria S Senior Vice President | 0.02% (4348) | INDB / |
| Ruggiero Mark J Principal Accounting Officer | 0.01% (3378) | INDB / |
| Lentz Mary L | 0.01% (1253) | INDB / |
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