Independent Bank Corporation (IBCP)

In the past six months, Independent Bank Corporation reported its third-quarter 2025 results on October 28, 2025, showing positive momentum with loan and deposit growth, as well as net interest income growth. Independent Bank (IBCP) surpassed Q2 earnings estimates, as reported on July 24, 2025. The company announced the adoption of its 2025 share repurchase plan on December 17, 2024, authorized through December 31, 2025.

While specific demand seasonality for Independent Bank Corp.'s products and services is not explicitly detailed, the banking industry generally experiences some seasonal patterns, such as increased demand for personal loans for seasonal expenses and fluctuations in residential mortgage growth based on consumer and business spending habits and economic cycles.

Independent Bank Corporation (IBCP), established in 1864 and headquartered in Grand Rapids, Michigan, operates as a financial services company through its subsidiary, Independent Bank, offering a range of banking and financial services to individuals, businesses, and institutions. Its services include retail banking with checking and savings accounts, CDs, personal loans, mortgage loans, and credit/debit cards; commercial banking with business accounts, commercial loans, equipment financing, treasury management, and merchant services; wealth management with financial planning, investment advisory, retirement planning, trust and estate planning, and asset management; digital banking with internet and mobile banking; and other services like investments and title services.

Independent Bank Corp. is primarily focused on Michigan, with its headquarters in Grand Rapids and a network of 60 to 62 branches located within Michigan's Lower Peninsula, along with one loan production facility in Fairlawn, Ohio.

Independent Bank Corp. has maintained a strong brand reputation in the past year, being named one of the "World's Best Banks 2024" and "America's Best Banks 2025" by Forbes, achieving "Great Place to Work®" certification for the third consecutive year in 2025, receiving the Piper Sandler Sm-All Star award in the Class of 2024, and being awarded the Community Bankers Cup 2024 by Raymond James.

Independent Bank Corporation's ownership is predominantly institutional, with major shareholders including BlackRock, Inc., The Vanguard Group, Inc., Fmr Llc, Dimensional Fund Advisors Lp, FJ Capital Management, LLC, State Street Corp., Renaissance Technologies Llc, American Century Companies Inc., and Geode Capital Management, Llc. The company's CEO, William Kessel, directly holds 0.6% of the total shares outstanding.