Independent Bank Co.(MI) (NASDAQ:IBCP) will be releasing its earnings data before the market opens on Wednesday, January 24th. Analysts expect Independent Bank Co.(MI) to post earnings of $0.34 per share for the quarter.
Independent Bank Co.(MI) (NASDAQ:IBCP) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Independent Bank Co.(MI) had a net margin of 17.75% and a return on equity of 9.52%. The business had revenue of $33.22 million during the quarter, compared to the consensus estimate of $33.36 million. On average, analysts expect Independent Bank Co.(MI) to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Independent Bank Co (IBCP) opened at $23.50 on Wednesday. Independent Bank Co has a twelve month low of $18.50 and a twelve month high of $24.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.86 and a quick ratio of 0.84. The company has a market cap of $501.30, a PE ratio of 20.61, a PEG ratio of 1.92 and a beta of 0.69.
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Independent Bank Co.(MI) Company Profile
Independent Bank Corporation is a bank holding company. The Company owns all of the outstanding stock of Independent Bank (the Bank). The Bank focuses on commercial banking industry. The Bank offers a range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services.
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