Investing in Independent Bank Corporation (IBCP)  ➔  Intrinsic value

Prev. close$20.43 
Previous Close$20.43  
Valuation MethodValuePotential 
Chepakovich Model$61.36+200%recalculate
Graham Formula$162.23+694%recalculate

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Company description

Independent Bank Corporation operates as the holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 66 branches, two drive-thru facility, and nine loan production offices in Michigan; and three loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.