Headquartered in Grand Rapids, MI Fiscal year ends December NASDAQ: IBCP independentbank.com
Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company and the parent of Independent Bank and, as of July 1, 2026, Highpoint Community Bank. With total assets of approximately $6.3 billion, the company operates 66 locations across Michigan's Lower Peninsula. Founded in 1864 as First National Bank of Ionia, Independent Bank provides a full range of financial services including commercial banking, consumer banking, mortgage lending, and investment services. The company's loan portfolio is diversified across commercial loans (56%), mortgage loans (33%), and installment loans (11%), with a strong core deposit franchise of $5.5 billion. The company completed the acquisition of HCB Financial Corp. on July 1, 2026, and expects to complete the full system integration of Highpoint Community Bank's operations on November 9, 2026. Updated
Supernus Pharmaceuticals is handing shareholders $473 million, or $8.13 a share, on November 6, dwarfing everything else being paid today. The rest are bank dividends measured in cents: First Interstate BancSystem is next at $44 million.
The first full quarter with Highpoint Community Bank pushed net interest income 21.8% above a year ago, a thirteenth straight quarter of NII growth. Adjusted earnings topped expectations, though non-performing loans rose to 0.80% of total loans. Keep an eye on the November 9 system conversion.
Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company and the parent of Independent Bank and, as of July 1, 2026, Highpoint Community Bank. With total assets of approximately $6.3 billion, the company operates 66 locations across Michigan's Lower Peninsula.
The Wall Street consensus 12-month price target for IBCP is $41.20.