Is Independent Bank Corporation overvalued?

Independent Bank Corporation (IBCP) looks undervalued — trading about 43% below its fair value.

Undervalued

Price

$38.31

Fair value

$54.97

Current P/E

11.4

Normal P/E

16.4

Market cap

$789.4M

Dividend yield

2.9%

Return on equity

14.1%

Sector

Financial Services

Fair value compares IBCP's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 11 Aug 2026.

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