IBCP Independent Bank PE ratio, current and historical analysis
The current PE ratio for Independent Bank stock as of Mar 13, 2025 is 9.44. This is calculated based on the TTM EPS of $3.2 and the stock price of $30.2 per share. The PE ratio has decreased by 3.6% from its last 4 quarters average of 9.8.
IBCP PE ratio history
The average historical PE ratio of Independent Bank for the last ten years is 12.21. The current price-to-earnings ratio of 9.44 is 23% less than the historical average. Analyzing the last ten years, IBCP's PE ratio reached its highest point in the Dec 2017 quarter at 23.28, when the price was $22.35 and the EPS was $0.96. The lowest point was recorded in the Sep 2020 quarter, when it reached 5.22 with a price of $12.57 and an EPS of $2.41.
Independent Bank PE ratio by year
Maximum annual increase: 709.8% in 2014
Maximum annual decrease: -46.91% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 10.88 | 17.88% | $34.83 | $3.2 |
| 2023 | 9.23 | 15.81% | $26.02 | $2.82 |
| 2022 | 7.97 | -2.8% | $23.92 | $3 |
| 2021 | 8.2 | 13.73% | $23.87 | $2.91 |
| 2020 | 7.21 | -35.39% | $18.47 | $2.56 |
| 2019 | 11.16 | -9.71% | $22.65 | $2.03 |
| 2018 | 12.36 | -46.91% | $21.02 | $1.7 |
| 2017 | 23.28 | 13.73% | $22.35 | $0.96 |
| 2016 | 20.47 | 18.26% | $21.7 | $1.06 |
| 2015 | 17.31 | 4.78% | $15.23 | $0.88 |
| 2014 | 16.52 | 709.8% | $13.05 | $0.79 |
| 2013 | 2.04 | 45.71% | $12 | $5.87 |
| 2012 | 1.4 | N/A | $3.5 | $2.51 |
| 2011 | N/A | N/A | $1.33 | -$2.94 |
| 2010 | N/A | N/A | $1.3 | -$4.09 |
Independent Bank PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Dec 2024 | 10.88 | -2.77% | $34.83 | $3.2 |
| Sep 2024 | 11.19 | 31.03% | $33.35 | $2.98 |
| Jun 2024 | 8.54 | 0% | $27 | $3.16 |
| Mar 2024 | 8.54 | -7.48% | $25.35 | $2.97 |
| Dec 2023 | 9.23 | 44.44% | $26.02 | $2.82 |
| Sep 2023 | 6.39 | 7.39% | $18.34 | $2.87 |
| Jun 2023 | 5.95 | -7.32% | $16.96 | $2.85 |
| Mar 2023 | 6.42 | -19.45% | $17.77 | $2.77 |
| Dec 2022 | 7.97 | 20.21% | $23.92 | $3 |
| Sep 2022 | 6.63 | -3.77% | $19.1 | $2.88 |
| Jun 2022 | 6.89 | -13.88% | $19.28 | $2.8 |
| Mar 2022 | 8 | -2.44% | $22 | $2.75 |
| Dec 2021 | 8.2 | 18.33% | $23.87 | $2.91 |
| Sep 2021 | 6.93 | 4.05% | $21.48 | $3.1 |
| Jun 2021 | 6.66 | -5.4% | $21.71 | $3.26 |
IBCP average PE ratio chart
The current PE ratio of IBCP is above its 3 and 5-year averages, but it is under its 10-year average.
IBCP PE vs peers
IBCP's PE ratio is less than its peer stocks HBAN and SRCE, but it is above MBWM's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MBWM Mercantile Bank Corp | 8.86 | $708.8M |
| IBCP Independent Bank Corp | 9.44 | $633.38M |
| SRCE 1St Source Corp | 11.19 | $1.47B |
| HBAN Huntington Bancshares Inc | 11.52 | $20.76B |
Frequently asked questions
What is Independent Bank's PE ratio?
As of Mar 13, 2025, IBCP stock has a price to earnings ratio of 9.44.
What is the 3-year average PE ratio for Independent Bank (IBCP)?
Over the last 3 years, the average PE ratio for IBCP stock is 8.05.
What is the 5-year average PE ratio for Independent Bank (IBCP)?
Over the last 5 years, the average PE ratio for IBCP stock is 7.6.
What is the highest PE ratio for IBCP?
Over the last ten years, the quarterly PE ratio reached its highest level at 23.28 in the Dec 2017 quarter.
How does the current PE ratio for IBCP compare to its historical average?
The current PE ratio of IBCP is 23% lower than the 10-year historical average.
Why is Independent Bank's PE ratio so low?
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
How is IBCP's PE ratio calculated (Independent Bank PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Mar 13, 2025), Independent Bank's share price is $30.2. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $3.2. Therefore, Independent Bank's price to earnings ratio for today is 9.44. PE RATIO(9.44) = STOCK PRICE($30.2) / TTM EPS($3.2)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.