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Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.
1973
834
LTM Revenue $227M
Last FY EBITDA n/a
$820M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Independent Bank has a last 12-month revenue (LTM) of $227M and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Independent Bank achieved revenue of $216M and an EBITDA of n/a.
Independent Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Independent Bank valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $227M | XXX | $216M | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBIT | $87.9M | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | 39% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | $66.9M | XXX | $66.8M | XXX | XXX | XXX |
| Net Margin | 29% | XXX | 31% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $4.5M | XXX | XXX | XXX |
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As of August 15, 2025, Independent Bank's stock price is $31.
Independent Bank has current market cap of $639M, and EV of $820M.
See Independent Bank trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $820M | $639M | XXX | XXX | XXX | XXX | $3.15 |
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Start Free TrialAs of August 15, 2025, Independent Bank has market cap of $639M and EV of $820M.
Independent Bank's trades at 3.8x EV/Revenue multiple, and n/a EV/EBITDA.
Equity research analysts estimate Independent Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Independent Bank has a P/E ratio of 9.6x.
See valuation multiples for Independent Bank and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $639M | XXX | $639M | XXX | XXX | XXX |
| EV (current) | $820M | XXX | $820M | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | 3.8x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | 9.3x | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 9.6x | XXX | 9.6x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 14.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialIndependent Bank's last 12 month revenue growth is 4%
Independent Bank's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged n/a for the same period.
Independent Bank's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Independent Bank's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Independent Bank and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Abu Dhabi Commercial Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Islamic Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| First Abu Dhabi Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Invest Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| National Bank of Fujairah | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Independent Bank acquired XXX companies to date.
Last acquisition by Independent Bank was XXXXXXXX, XXXXX XXXXX XXXXXX . Independent Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 65K+ M&A deals.
Start Free Trial| When was Independent Bank founded? | Independent Bank was founded in 1973. |
| Where is Independent Bank headquartered? | Independent Bank is headquartered in United States of America. |
| How many employees does Independent Bank have? | As of today, Independent Bank has 834 employees. |
| Who is the CEO of Independent Bank? | Independent Bank's CEO is Mr. William B. Kessel. |
| Is Independent Bank publicy listed? | Yes, Independent Bank is a public company listed on NAS. |
| What is the stock symbol of Independent Bank? | Independent Bank trades under IBCP ticker. |
| When did Independent Bank go public? | Independent Bank went public in 1985. |
| Who are competitors of Independent Bank? | Similar companies to Independent Bank include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, Invest Bank. |
| What is the current market cap of Independent Bank? | Independent Bank's current market cap is $639M |
| What is the current revenue of Independent Bank? | Independent Bank's last 12 months revenue is $227M. |
| What is the current revenue growth of Independent Bank? | Independent Bank revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Independent Bank? | Current revenue multiple of Independent Bank is 3.6x. |
| Is Independent Bank profitable? | Yes, Independent Bank is EBITDA-positive (as of the last 12 months). |
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