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Independent Bank

NSQ:IBCP · US4538386099
BanksSmall

360

49
Profit price76
Cash yield77
Price/Sales50
EV / Gross Profit65
Price/Book18
Returns on capital86
Profit margins—
Cash Conversion16
Accruals37
Owner Earnings Margin42
Sales growth82
Profit Growth64
Owner Earnings Growth19
Reinvestment94
Price momentum12
Debt load50
Debt serviceability73
Liquidity71
Analyst ratings1
Opinion Changes50
Price Target Upside39
Market mood97
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Independent Bank clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryUSA
IndustryBanks
SizeSmall
TypePublic Company
ExchangeNASDAQGS
Founded1973
Employees686
Websiteir.independentbank.com
ISINUS4538386099
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)Sound Pay Practices (USA)
Themes
BankingCommercialFinanceLendingOnline AuctionsRetail

Description

Independent Bank Corporation operates as the bank holding company for Rockland Trust Company that provides a wide range of banking, investment and financial services. The company operates with retail branches, as well as a network of commercial and…

Analysis

Quality compounder

Independent Bank Corporation is a quality compounder: a well-run business trading at a price that reflects what it is worth.

The price is attractive. You pay 11.1× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is adequate. The company scores 10/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
100
2023202420252026

All-time high

100

Jun 2026

All-time low

25

Jan 2023

Average rank

60

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
50
20
36
32
Price/Earnings
82
57
68
63
Price/Book
18
8
15
38
Dividend Yield
77
58
74
93
Value (overall)
63
25
39
53

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →