IBCP

Financial Services

Independent Bank Corporation · Banks - Regional · $690M

UQS Score — Balanced Preset
56.4
Good

Independent Bank Corporation scores 56.4/100 using the Balanced preset.

81.3
Quality
35%
24.0
Moat
30%
21.5
Growth
20%
72.7
Risk
15%

IBCP — Key Takeaways

✅ Strengths

Independent Bank Corporation shows strong profitability and capital efficiency
Independent Bank Corporation shows conservative financial structure with manageable risk
Independent Bank Corporation shows attractive valuation relative to fundamentals

⚠️ Areas of Concern

Independent Bank Corporation has limited growth momentum
Independent Bank Corporation has limited competitive moat

IBCP — Score History

50556065Apr 2Apr 3Apr 4Apr 5Apr 6Apr 7Apr 8
DateUQSQualityMoatGrowthRiskValueChange
Apr 8, 202656.481.324.021.572.799.10.0
Apr 7, 202656.481.324.021.572.799.10.0
Apr 6, 202656.481.324.021.572.799.10.0
Apr 5, 202656.481.324.021.572.799.10.0
Apr 4, 202656.481.324.021.572.799.10.0
Apr 3, 202656.481.324.021.572.799.10.0
Apr 2, 202656.481.324.021.572.799.1

IBCP — Pillar Breakdown

Quality

81.3/100 (25%)

Independent Bank Corporation demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.

Return on EquityStrong

Profitability relative to shareholders' equity.

Operating ProfitabilityModerate

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

21.5/100 (20%)

Independent Bank Corporation faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthModerate

Analyst consensus for future earnings growth.

Risk

72.7/100 (15%)

Independent Bank Corporation maintains a reasonable risk profile with manageable debt levels.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioStrong

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

99.1/100 (15%)

Independent Bank Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.

Earnings YieldStrong

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

Moat

24/100 (30%)

Independent Bank Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for IBCP.

Score Composition

Quality
81.3×25%20.3
Growth
21.5×20%4.3
Risk
72.7×15%10.9
Valuation
99.1×15%14.9
Moat
24.0×30%7.2
Total
56.4Good

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How is the IBCP UQS Score Calculated?

The UQS (Unified Quality Score) for Independent Bank Corporation is calculated using a proprietary 5-pillar framework with 25 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Independent Bank Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Independent Bank Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.